What is the future value of $500 in two years if the interest rate is 4%? How
Question:
What is the future value of $500 in two years if the interest rate is 4%? How would you explain this to someone who has no training in economics?
Future ValueFuture value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
500...View the full answer
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
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
Question Posted:
Students also viewed these Business questions
-
What is the future value of an ordinary annuity if you deposit $500 per year for the next 10 years in an account that earns an interest rate of 13 percent annually?
-
(a) The portfolio manager of a tax-exempt fund is considering investing $500,000 in a debt instrument that pays an annual interest rate of 5.7% for four years. At the end of four years, the portfolio...
-
(a) The portfolio manager of a tax-exempt fund is considering investing $500,000 in a debt instrument that pays an annual interest rate of 5.7% for four years (annual compounding). At the end of four...
-
Why is there currently an even greater need for effective employee communications?
-
Let Tn(x) denote the Chebyshev polynomial of degree n and define un-1(x) = 1/n Tn(x) If x = cos , show that U-1Cx)sin n Un-x)Sinn sin
-
How does 5G differ from 4G LTE? With wireless devices and applications proliferating at astonishing speeds, the need for faster wireless networks with lower latencies grows dramatically. As 4G LTE...
-
Johanna Marra and Eric Nazzaro began a romantic relationship in October 2013. That previous July, Nazzarro had purchased a duplex that he intended to renovate. Nazzarro rented out the top floor while...
-
Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the companys factory; Jim is...
-
Part 1: How long does it take for an investment to double in value if it earns (a) 4%, (b) 6%, (c) 9%, (d) 12%, (e) 15% annual compound interest? Solve above using method of 1) Interpolation (Using...
-
Please conduct a job analysis for the position graduate student enrolled in a masters program in the general field of business. This job analysis may benefit from interviewing incumbents (i.e., other...
-
Each person might have a different time preference. Explain why an older person might have a higher or lower time preference than a young person.
-
If the annual interest rate is 2%, what is the quarterly interest rate? a. 0.0204 b. 0.0166 c. 0.005 d. 0.001
-
True or false: An MROM can be programmed by the user.
-
If a delegatee fails to perform, the delegator must do so. (True/False)
-
On March 1, the chief engineer for the software design division of Uni Products orally contracts to hire Sunan for one year, beginning March 4. Sunan works for Uni for five months. When sales...
-
When does a third party have contractual rights?
-
An oral contract that should be in writing to be enforceable under the Statute of Frauds may be enforceable if it has been partially performed. (True/False)
-
An assignment is not effective without notice. (True/False)
-
To better understand eating patterns that might contribute to obesity, a researcher measures the average number of calories (per meal) consumed by shift workers (morning, afternoon, night) during two...
-
A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...
-
If the bank you own has no excess reserves and a sound customer comes in asking for a loan, should you automatically turn the customer down, explaining that you dont have any excess reserves to lend...
-
Suppose that you are the manager of a bank that has $15 million of fixed-rate assets, $30 million of rate-sensitive asset5s, $25 million of fixed-rate liabilities, and $20 million of rate-sensitive...
-
Which regulatory agency has the primary responsibility for supervising the following categories of commercial banks? a. National banks b. Bank holding companies c. Non-Federal Reserve member state...
-
What can cause a cell to become desensitized to a signal? What are two of the mechanisms that the cell can use to reduce or stop its response to a signal?
-
What is the importance of the pursuit and accumulation of wealth in the modern world? * What are some criticisms and concerns as they have been expressed over time and whether any of them bear...
-
QUESTION: What does the PERT acronym represent? Provide a brief description of PERT. What is the key difference between PERT and CPM(critical path method)? What additional info does PERT provide to a...
Study smarter with the SolutionInn App