You invest $1,000 at the beginning of the year. How much will be accumulated in five years

Fantastic news! We've Found the answer you've been seeking!

Question:

You invest $1,000 at the beginning of the year. How much will be accumulated in five years if you earn 10% interest compounded annually? Round your answer to the nearest dollar

Related Book For answer-question

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

See More Books

Posted Date: Oct 08, 2018 12:23 AM

See More Questions

You purchase a stock at the beginning of the year at a price of $108. At the end of the year the stock pays a dividend of $1.80 and you sell the stock for $117. What is your return for the year? Now...
At the beginning of the year you bought 250 shares of Lycel Ltd. at $82 each. During the year you received dividends of $750. At the end of the year the stock is trading for $87 and you decide to...
If salaries payable was $75,000 at the beginning of the year and $65,000 at the end of the year, should $10,000 be added to or deducted from income to determine the amount of cash flows from...
what is the name of Dc output symbol on eagle in this circuit? XL2 EE20 core Flyback Transformer 4 SCHOTTKY [ 3 D4 SB160 IC2 EL817 OPTOCOUPLER thS 1 2 C2 470uF 25V R3 Tko ZD1 12V/1W DC Output 12V,...
Suppose the saving rate were increased from 10 percent to 20 percent in a middle-income country such as Egypt. What prediction does the neoclassical growth model have for the effect this would have...
Assume Speedo International received $400,000 for long-term promissory notes that were issued on November 1. The notes pay interest on April 30 and October 31 at the annual rate of 6 percent, which...
Because a client does not maintain perpetual records, an auditor elects to use mean- per-unit estimation to determine whether ending inventory is fairly stated. The follow- ing data are available:...
The trial balance for the Seaside Kite Shop, a business owned by Joyce Kennington, is shown on page 548. Year-end adjustment information is as follows: (a and b) Merchandise inventory costing $30,000...
Take a look at the code below and briefly explain why this will not work.... public static void main(String[] args) } List MyList = new ArrayList(); MyList.add("Hello"); double average =...
The names of the employees of Matson Office Systems and their regular salaries are shown in the following payroll register. Note that Wayne and Young are paid monthly on the last payday, while all...
Burbank Family Seeds (BFS) is a family-owned seed company located in Southern Ohio. The firm is owned and managed by two siblings, Julie and Craig Burbank, the grandchildren of the original owner,...
, how do leaders traverse the labyrinth of self-awareness, transparent communication, moral fortitude, and relational authenticity, thereby cultivating a cohesive tapestry of trust, integrity, and...
37. Given the line: y=x-2 a. Find the parallel slope b. Find the perpendicular slope 38. Determine if the lines are parallel or perpendicular: a. -2x+5y=9 and 5x+2y=-6 b. 4y =8x+12 and -12x+6y=24 39....
The probability distribution is given below for the random variable X = "number of days between the placement of an order and receiving an order". Probability Days 2 0.15 3 0.45 4 0.30 5 0.10 Find...
The following table provides a probability distribution for the random variable x. x369 f(x) .25 .50 .25 a. Compute E(x), the expected value of x. b. Compute 2, the variance of x (to 1 decimal). c....
how do varying leadership paradigms, characterized by distinctive comportments and ideological underpinnings, exert discernible influences on team efficacy and corporate culture cultivation ?
In the state of Denial, the Capital City Police have been watching gang activity between two local gangs, the Drips and the Scruds. The Scruds are mad at the Drips because they believe that the Drips...
Find a polar equation for the curve represented by the given Cartesian equation. 4y 2 = x
The Dead Sea Scrolls, ancient Jewish religious manuscripts found in the Judean Desert near the Dead Sea, are dated from approximately 300 BCE to 100 CE. Initially discovered in 1946 and 1947 in the...
Given the information in the previous two problems, calculate the gross margin, the operating margin, return on assets, and return on equity for Smashville, Inc.
Suppose the CAC-40 Index (a widely followed index of French stock prices) is currently at 5,092, the expected dividend yield on the index is 2 percent per year, and the risk-free rate in France is 7...
A sector fund specializing in commercial bank stocks had average daily assets of $3.4 billion during the year. This fund sold $1.25 billion worth of stock during the year, and its turnover ratio was...
Of the following, which is the most comprehensive definition of a project? a. An environment created to deliver a product, service, or result. b. A collaborative enterprise that delivers a product,...
How do project management and quality management complement each other? a. Both focus on continuous improvement, management responsibility, customer satisfaction, and prevention over inspection. b....
When creating a project management plan, which of the following is the best choice to create it? a. Project manager b. Project manager and team c. Team d. Sponsor

You invest $1,000 at the beginning of the year. How much will be accumulated in five years

Question:

Expert Answer:

We use the formula AP1r100... View the full answer

Fundamentals of Investments Valuation and Management

Students also viewed these finance questions