Calculation of compound interest A sum of $1000 is invested at an interest rate of 12% annually.

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

Question:

Calculation of compound interest A sum of $1000 is invested at an interest rate of 12% annually. Calculate the amounts in the account after three years if interest is compounded annually, semiannually, quarterly, monthly, weekly, and diary.

CAPITALIZATION	n	COMPOUND AMOUNT	COMPOUND INTEREST
ANNUAL
BIANNUAL
QUATERLY
MONTHLY
WEEKLY
DIARY

Calculate each compound interest clearly,

Include complete procedure.

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books

Posted Date: Mar 19, 2024 02:15 PM

See More Questions

Chemistry CH + H C6H6 + CH4 C6H6+C6H6 C2H10 + H 25E09 pound/year market at $6.50/ gallon Benzene is a suspected carcinogen 550C, 55 atm, over Molybdenum catalyst Yield ~ 75%, Equilibrium Constant =...
Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the banks evaluation (interview) process, you have been asked to take an exam that covers...
Please do the full calculation through the financial calculator formula as per the Australian standards Question 1 (Total marks for this question = 6 marks) Suppose you take out a loan of $10,000,...
Five different laboratories participated in an interlaboratory study involving determinations of the iron level in water samples. The results below are replicate determinations of Fe in ppm for...
Assume that Charity A and Charity B are alike in every way except as described below. Assume that each of these questions is independent from all other questions. a. Each charity suffers significant...
In the criminal proceedings resulting from the governments investigation of fraud at the Microelectronic Circuit Division, the jury found Hughes Aircraft guilty, but it found supervisor Donald LaRue...
Your instructor will divide your class randomly into groups of four to six people. Acting as a team, with everyone offering ideas and one person serving as official recorder, each group will be...
Love All is a fairly large manufacturing company located in the southern United States. The company manufactures tennis rackets, tennis balls, tennis clothing, and tennis shoes, all bearing the...
An airplane flies level in the + x direction 1 0 0 m above the ground at 1 6 0 m / s . the plane drops goods and supplies to some people on the ground. 1 . Draw the path the supplies would follow...
Derive the differential equation for a motor driving a load through a gear system as shown in Figure, which relates the angular displacement of the load with time. the answer is Gear ratio Motor Load...
Draw a simple diagram to represent generalization and specialization and provide any two differences between generalization and specialization. Diagram: Differences: 1. 2. Generalization...
Discuss whether each of following statements is true or false and WHY. a) The robust empirical asset-pricing evidences show that the portfolio of the bottom 10% book-to-market ratio stocks...
Given below the information answer the questions Required information [The following information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its...
Find the density of a fluid that has a mass of 1888 kg and occupies a volume of 13 m.
Review the module reading and presentation, and view the video below about project crashing. Provide your opinion of why crashing a project may be necessary and what may be the positive and negative...
In this project, you will use the diamonds dataset and answer the questions. This classic dataset contains the prices and other attributes of almost 54,000 diamonds. It's a great dataset for...
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
To complete your last year in business school and then go through law school, you will need $30,000 per year for four years, starting next year (that is, you will need to withdraw the first $30,000...
Suppose r RF = 8%, r M = 11%, and r B = 14%. a. Calculate stock Bs beta, b. If stock Bs beta were 1.5, what would be Bs new required rate of return?
Olinde Electronics, Inc., produces stereo components that sell for $100. Olindes fixed costs are $200,000; the firm produces and sells 5,000 components each year; EBIT is currently $50,000; and...
What is the amount of cost of goods sold under variable costing? a. $220,000. b. $161,000. c. $154,000. d. $230,000.
When comparing Kelleys absorption costing net operating income to its variable costing net operating income, which of the following will be true? a. Its absorption costing net operating income will...
Dexter Corporation produces and sells a single product, a wooden hand loom for weaving small items such as scarves. Selected cost and operating data relating to the product for two years are given...

Calculation of compound interest A sum of $1000 is invested at an interest rate of 12% annually.

Question:

Expert Answer:

Heres the calculation of compound interest for the given scenario Capitalization n Compound Amount C... View the full answer

Principles of Finance

Students also viewed these finance questions