accounting help please!

Project Description:

the following situations involve the application of the time value of money concept:
1. jan cain deposited $19,500 in the bank on january 1, 1995, at an interest rate of 12% com-
pounded annually. how much has accumulated in the account by january1, 2012?
2. mark schultz deposited $43,200 in the bank on january 1, 2002. on january 2, 2012, this
deposit has accumulated to $84,974. interest is compounded annually on the account. what
rate of interest did mark earn on the deposit?
3. les hinckle made a deposit in the bank on january 1, 2005. the bank pays interest at the
rate of 8% compounded annually. on january 1, 2012, the deposit has accumulated to
$30,000. how much money did les originally deposit on january 1, 2005?
4. val hooper deposited $11,600 in the bank on january 1 a few years ago. the bank pays an
interest rate of 10% compounded annually, and the deposit is now worth $30,052. for how
many years has the deposit been invested?
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
Total Proposals: 14
1 Current viewersl
37 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    208 Jobs 139 Reviews
    $20 in 0 Day
  • 4.0
    72 Jobs 31 Reviews
    $0 in 0 Day
  • 3.8
    30 Jobs 19 Reviews
    $0 in 0 Day
  • 4.8
    405 Jobs 247 Reviews
    $0 in 0 Day
  • 4.7
    48 Jobs 26 Reviews
    $0 in 0 Day
  • 4.9
    1991 Jobs 1016 Reviews
    $9 in 0 Day
  • 4.4
    86 Jobs 65 Reviews
    $0 in 0 Day
  • 4.7
    74 Jobs 28 Reviews
    $10 in 0 Day
  • 4.8
    60 Jobs 32 Reviews
    $0 in 0 Day