Jeff has ($ 10,000) to invest for a period of 5 years. The following account is available
Question:
Jeff has \(\$ 10,000\) to invest for a period of 5 years. The following account is available at his bank. The account pays 4 percent/year for year one, 6 percent/year for year two, 8 percent/year for years three and four, and 12 percent/year for year five. How much will be in the account at the end of the fifth year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
Question Posted:
Students also viewed these Business questions
-
This problem is related to Problem 8. Jeff has $10,000 to invest for a period of 5 years. The following three alternatives are available at his bank: Data from problem 8 Jeff has $10,000 to invest...
-
Charlie has $10,000 to invest for a period of 5 years. The following three alternatives are available to him: Account 1 pays 4 percent for year 1, 6 percent for year 2, 8 percent for year 3, 10...
-
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
-
0.1 M CH3COOH with 0.1 M NH3. The relative conductivities of the solutions tested are as follows: 0.1 M CH3COOH/0.1 M NH3 measured in parallel: (b) 0.1 M CH,COOH with 0.1 M NH,. The relative...
-
In a study of speed dating conducted at Columbia University, female subjects were asked to rate the attractiveness of their male dates, and a sample of the results is listed below (1 = not...
-
What is the difference between a contribution margin and a profit margin?
-
Circuit 1 and circuit 2 at right each has a Circuit 1 combination of resistors connected between points a and b. Which circuit has the greater equivalent resistance between points a and b? A. Circuit...
-
Collins Computer Timeshare Company entered into the following transactions during May 2014. 1. Purchased computer terminals for $20,000 from Digital Equipment on account. 2. Paid $3,000 cash for May...
-
The total spent on Research and Development (R&D) by the federal government in the USA during 2002-2012 can be approximated by S(t)=3.1(Int)+22 $billion; 25112 where t is the year since 2000. a)...
-
Assume the Lagrangian density (17.14) with \(i=1,2,3\) for an isovector Lorentz scalar field to be invariant under a global internal \(\mathrm{SO}(3)\) symmetry. Show that for \(\mu^{2} Data from Eq....
-
Use Eq. (17.1) to find the minima of Fig. 17.2 . Confirm Eq. (17.5) for \(\mu^{2})^{1 / 2}=\) \(\left(-2 \mu^{2} ight)^{1 / 2}\) after the symmetry is broken spontaneously. Data from Eq. 17.1 Data...
-
The Wechsler IQ test is designed so that the mean is 100 and the standard deviation is 15 for the population of normal adults. Find the sample size necessary to estimate the mean IQ score of...
-
What is a customer-centric environment and why is it important in todays world? What are four communication channels through which companies view their customers and provide a real-life example for...
-
A man pulls a box of mass 3.00 kg vertically upward with a force of magnitude 40.00 N. What is the acceleration of the box?
-
You are promised a cash flow every year forever! Next year you will receive $100. After that, the payment will grow by 1% compounded annually (i.e., to 100 * 1.01 in Year 2, 100 * 1.01^2 in Year 3,...
-
Kraft-Heinz Merger Explain the background and reason for this merger. Find examples of CSR initiatives in these two companies (annual reports and other corporate information usually provide this type...
-
What is program evaluation? What is the importance of data in program evaluation?
-
What is the difference between resident set management and page replacement policy?
-
Calculate the change in entropy when 100 kJ of energy is transferred reversibly and isothermally as heat to a large block of copper at (i) 0 C, (ii) 50 C.
-
6. What is the error in the following program segment Explain in detail what will happen if it is not fixed? #include using namespace std; void main() { struct link int info: link next;}; link top,...
-
2. Use a Recurring Transaction. a. From the Recurring Transaction List, select Contractors Expense > Use b. Select Payee: Evan Henry c. Verify Payment Account: 1001 Checking d. Update Payment Date:...
-
Let f(x)= -2x-1 and g(x) = x - 4. Find (fog)(6). Then (fog)(6)= (Simplify your answer.)
Study smarter with the SolutionInn App