Peter put 6,000 in an account earning 4% annually. After 4 years, he made another deposit into
Question:
Peter put £6,000 in an account earning 4% annually. After 4 years, he made another deposit into the same account. At the end of 6 years, the account balance is £13,000. What was the amount deposited at the end of year 4?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Heres how to solve for the amount deposited at the end of yea...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
Principles Of Managerial Finance Brief
ISBN: 9781292267142
8th Global Edition
Authors: Chad J. Zutter, Scott B. Smart
Question Posted:
Students also viewed these Business questions
-
You deposit $2000 in an account earning 6% interest compounded continuously. How much will you have in the account in 15 years? Round your answer to the nearest cent. 2. Suppose you want to have...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Early in 2015, Mr. Bourne bought 12,000 common shares in a public company for $10/share. These shares have an annual guaranteed eligible dividend of $6,000. It is January 1, 2020 and Mr. Bourne would...
-
Explain the economic basis for the U shape of the long-run average total cost curve.
-
1. What is an annuity? 2. What is meant by the future value of an annuity? Present value? Rent?
-
A laboratory animal exercised on a treadmill that was connected to a weight of mass 275 g through a pulley. The work done by the animal raised the weight through 1.01 m. At the same time, the animal...
-
Do the assumptions for Bernoulli trials appear to hold? Explain. If the assumptions hold, identify success and the probability of interest. (a) A TV ratings company will use their electronic...
-
Giant Jets is a French company that produces jet airplanes for commercial cargo companies. The selling price (in euros) per jet is 1,000,000. Currently the company uses actual volumes to allocate...
-
1. Why did the short 20th century begin with the disintegration of 19th century society? 2. What are the characteristics of the short twentieth century? 3. What are the characteristics of the era...
-
Jill Smyth, a 22-year-old university graduate, has just landed her first job and has planned to retire at age 62. She has decided to deopsit 5,000 every year in an individual savings account (ISA),...
-
John Ross has received his pension statement that promises to pay him a lump sum of 150,000 when he retires exactly 10 years from today. A pension release firm has offered him an immediate cash...
-
U.S. GAAP and IFRS differ in the classifications of dividends and interest on the statement of cash flows. U.S. GAAP requires firms to classify cash receipts from interest and dividends and cash...
-
Convert each credit card rate in Problems 25-30 to the APR. Arizona, \(1 \frac{1}{3} \%\) per month
-
Use estimation to select the best response in Problems 7-24. Do not calculate. If you purchase an item for \(\$ 1,295\) at an interest rate of \(9.8 \%\), and you finance it for 1 year, then the...
-
Why is management accounting required to take on an outward-looking role of contributing to business strategy by identifying, measuring and communicating financial information about a wider business...
-
Classify each sequence as arithmetic, geometric, Fibonaccitype, or none of these. Find an expression for the general term if it is one of these types; otherwise, give the next two terms. a....
-
Use estimation to select the best response in Problems 7-24. Do not calculate. In an application of the average daily balance method for the month of August, \(t\) is A. \(\frac{1}{12}\) B....
-
What do you suspect is the relationship between the FASB and the SEC?
-
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175
-
Tower Interiors has made the forecast of sales shown in the following table. Also given is the probability of each level of sales. Sales Probability $200,000 ........ 0.20 300,000 ......... 0.60...
-
Williams Glassware has estimated, at various debt ratios, the expected earnings per share and the standard deviation of the earnings per share as shown in the following table. a. Estimate the optimal...
-
Williams Glassware has estimated, at various debt ratios, the expected earnings per share and the standard deviation of the earnings per share as shown in the following table. a. Estimate the optimal...
-
19. Built-Up Edge (BUE) accumulates on a. Flank face b. Rake face c. Side face 20. In orthogonal turning, increasing the positive rake angle, will: a. Reduce forces b. Reduce temperatures c....
-
I have a problem on what to do or what the structure of my assignment have to be. 21:55 = 1 Document ject_Brief_2023.pdf 974 + Individual Assignment Project technical evaluation - Subsea tie-back...
-
I created a DCM from Euler angle sequence 1-2-3. Then I found the Principal Rotation Parameters from the DCM. Then I used the Principal Rotation Parameters to find the DCM again. But I produced a...
Study smarter with the SolutionInn App