Question: If a company sets aside $1,000,000 now into a contingency fund, how much will the company have in 2 years, if it does not use

If a company sets aside $1,000,000 now into a contingency fund, how much will the company have in 2 years, if it does not use any of the money and the account grows at a rate of 10% per year?

Step by Step Solution

★★★★★

3.48 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Given Principal amount P 1000000 Rate of i... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

217-B-E-M (880).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Top management has accepted the July 19th completion schedule created at the end of Part 2. Prepare a brief memo that addresses the following questions: How much will the project cost? What is the...

Presently, H. Swank, Inc. does not use any financial leverage and has total financing equal to $1 million. It is considering refinancing and issuing $500,000 of debt that pays 5 percent interest and...

1. If a company sets its product price too high, the primary danger is that a. Asset turnover will be too low. b. Gross profit margin will be too low. c. Inventory turnover will be too high. d....

please i need the answer of all the questions SET LO2 Exercises EGN 3203 engineering economics 22, Construct a cash fl ow diagram that represents the amount of money that will be accumulated in 15...

id / 440229309 1. If a company sets aside $100,000 now into a contingency fund in 10 years, if it does not use any of the money and the account grows at a simple rate of your ID) per year. How much...

1. A person has decided to set up a sinking fund to purchase a house after 10 years. It expected that the house will cost Eur. 800.000 at that time. What monthly instalment he has to pay into the...

If a company sets aside $1,000,000 now into a contingency fund, how much will the company have in 2 years, if it does not use any of the money and the account grows at a rate of 10% per year?

1. At what simple interest rate must $5 000 be invested to accumulate to $20 000 at the end of 10 years? 2. You deposit $15 000 into a savings account. How much will you have saved in the bank after...

Given the following information, prepare an outline of an Investment Policy Statement (IPS). 1. Demetrius is an energy trader who works for a major Greek oil company based in Athens. He is 30 years...

its just a case study i need to write what rec for the gates family and what are financial areas of concern CASE 9 TREVOR AND LINDA GATES CASE Today is January 1, 2017 INTRODUCTORY DATA Trevor and...

Which do you expect to be the more stable conformation of cis-1,3-dimethylcyclobutane, A or B? Why? CH3 CH3 CH3

1. If you were in Deannas position, what would you do? 2. Identify options that Deannas mother and stepfather could consider rather than dividing business ownership equally among the children. 3. How...

Please explain in detail how you meet the following preferred qualifications: Financial professional designation such as Certified Fraud Examiner and / or Certified Financial Planner.

During a time of hostilities, a shipowner hires a tug to tow the ship to lessen the danger from enemy submarines. Can the shipowner make a general average claim by arguing that the towing costs are...

Your FICO score is a commonly used measure of credit risk (see www.myfico.com). A score of 850 is the best (highest) score possible. Thirty-five percent of the FICO score is based on payment history...

A small plant has been constructed and the costs are known. A new plant is to be estimated with the use of the exponential (power sizing) costing model. Major equipment, costs, and factors are as...

You have been asked to prepare a quick estimate of the construction cost for a coal-fired electricity generating plant and facilities. A work breakdown structure (levels one through three) is shown...

Consider the following annual returns of Molson Coors and International Paper: Molson Coors International Paper Year 1 23.3 % 5.9 % Year 2 9.8 18.9 Year 3 43.5 0.7 Year 4 9.7 28.0 Year 5 17.6 12.5...

please solve this. 9. Fill in the blanks for the information listed below (30 pnts) Trust Test (Test of Relationship Understanding Under Stress) T-Score Sten Score Percentile Raw Score TRAIT Empathy...

Year Stock X Stock Y 1 13.00% 15.00% 2 2.00% 20.00% 3 11.00% 7.00% 4 7.00% 5.00% What is the standard deviation of the returns of Stock X? Submit Answer format: Percentage Round to: 2 decimal places...