If you deposit $8,000 in a bank account that pays 11% interest annually, how much will be

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

Question:

If you deposit $8,000 in a bank account that pays 11% interest annually, how much will be in your account after 5 years?

Posted Date: May 14, 2024 03:17 AM

See More Questions

Jos Lpez has $15,000 in a 6-year certificate of deposit (CD) that pays a guaranteed annual rate of 4%. Create a timeline showing when the cash flows will occur. (6 points) 2. Oliver Lpez deposits...
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
1- Jos Lpez has $ 15,000 in a 6-year certificate of deposit (CD) that pays a guaranteed annual rate of 4%. Create timeline that shows when the cash flows will occur. 2- Oliver Lpez deposits $ 12,000...
When the freed slave saw the real physical object? A) He was perplexed by the object when he was told what they were B) He was dazzled by the light C) He didn't believe what he was told D) all adove...
a. What is meant by the investors required rate of return? b. How do we measure the riskiness of an asset? c. How should the proposed measurement of risk be interpreted?
How did the United States become the worlds largest debtor nation in the 1980s?
To what extent could a management auditor base the evaluation of economy and efficiency or effectiveness upon statistics obtained from the published financial statements of similar companies?
Using Wal-Marts 2009 Form 10-K in Appendix A, answer the following questions: 1. Compute the following ratios for Wal-Mart for 2008 and compare those results to the 2009 resultsdebt ratio, current...
Misinterpretation is a common problem when using statistical information. It may be caused by a number of factors, such as misunderstanding the data, using incomparable definitions, or even...
Suppose your angle of elevation to the top of a water tower is 78. If the water tower is 145 ft tall, how far are you standing from the water tower?
Who wins and who loses with the economic financialization that has occurred in the U.S.? Has this been an overall positive or negative phenomenon for this country?
What are the major International Economic Problems and Challenges facing the United States and the World today? Briefly Trace the Historical Development of International Trade. Why is International...
The high cost of liability insurance has made some people believe that this kind of insurance should be eliminated because the cost is too high for the society. Do you agree with it?
Suppose a future round of federal stimulus payments are issued on debit cards that can only be used to make purchases (i.e., no ATM withdrawals of cash or ACH transfers to your bank account), and the...
Conduct research on the use of the following Technological implications in businesses. Explain the following: The advantages and disadvantages of Robotics Technology Humanoid Robot real-time scope,...
The Planet Corporation produces a product that passes through two processes. During June, the first department 63,000 units to the second department. The cost of the units transferred was $94,500....
B.) What is the approximate concentration of free Zn 2+ ion at equilibrium when 1.0010 -2 mol zinc nitrate is added to 1.00 L of a solution that is 1.080 M in OH - . For [Zn(OH) 4 ] 2- , K f = 4.610...
Discuss the rationalization for ERP implementation by firms involved in supply chain management.
Compare and contrast the drivers and the role of the MRP and the DRP systems.
Discuss how the planning coordination and operation tlow differs for MTO and MTS firms.

If you deposit $8,000 in a bank account that pays 11% interest annually, how much will be

Question:

Expert Answer:

To solve this problem we need to use the formula for the futur... View the full answer

Students also viewed these finance questions