If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be

Question:

If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years?

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

Step by Step Answer:

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1285867977

14th edition

Authors: Eugene F. Brigham, Joel F. Houston

See More Books

Question Posted: Nov 14, 2016 08:07 AM

See More Questions

If you deposit $2,000 in a bank account that pays 6% interest annually, how much will be in your account after 5 years?
If you deposit %10,000 in a bank account that pays 10 percent interest annually, how much would be in your account after 5 years?
You plan to deposit $500 in a bank account now and $300 at the end of one year. If the account earns 3% interest per year, what will the balance be in the account right after you make the second...
The following exercises are of mixed variety. Factor each polynomial. x 2 - 2xy + y 2 - 4
What basis of accounting for the employers cost of postretirement healthcare and life insurance benefits has been used by most companies, and what basis does the FASB advocate in the future? Explain...
The following information was taken from the 2012 annual report and statement of cash flows of Eli Lilly, a major pharmaceutical (dollars in millions):* *Change in the cash balance does not always...
Match the measures of worth in the first column with one (or more) of the analysis approaches that is (are) appropriate for that measure. Measure of Worth (a) Annual Worth (b) External Rate of Return...
Your client is in the planning phase for a major plant expansion, which will involve the construction of a new warehouse. The assistant controller does not believe that interest cost can be included...
2. A muon is created in our upper atmosphere and travels toward the ground at 0.998 c. If it's lifetime is 2.2 x 10-6 seconds. What is the lifetime of the muon as observed by the earth's frame of...
You are the digital marketing director for High West fashions, a regional clothing company that specializes in custom t-shirts. Your company has decided to launch an online advertising campaign that...
What is an opportunity cost? How is this concept used in TVM analysis, and where is it shown on a time line? Is a single number used in all situations? Explain.
Find the future values of the following ordinary annuities: a. FV of $400 paid each 6 months for 5 years at a nominal rate of 12% compounded semiannually b. FV of $200 paid each 3months for 5 years...
Christie, Inc., has identified an investment project with the following cash flows. If the discount rate is 6 percent, what is the future value of these cash flows in Year 4? What is the future value...
Using this information, find the Sharpe ratio? Weghted Assets Portfolio Allocation% Expected Expected Average Rate of $ Allocation Profit Return Expecred Return Risk-Free Assets T-Bills 20% 2.00%...
How does the Internal Revenue Service classify Crypto Currency for tax purposes?
How do molecular chaperones facilitate protein folding and prevent misfolding, and what are the implications of protein misfolding in neurodegenerative diseases like Alzheimer's and Parkinson's?
On September 1, 2020, Steve loaned Brett $2,000 at 12% interest compounded annually. Steve is not in the business of lending money. The note stated that principal and interest would be due on August...
List Inventory Items (show ProductID and ItemSize) and the Sales Items (SaleID and Quantity) for each Inventory Item. Sort by productID. Only include inventory items that have a QtyOnHand greater...
A particular type of diet cola advertises that each can contains 12 ounces of the beverage. Each hour, a supervisor selects 10 cans at random, measures their contents, and computes a 95% confidence...
14. In testing the existence assertion, an auditor ordinarily works from the a. Financial statements to the accounting records. b. General journal to the general ledger. c. Supporting evidence to the...
One position expressed in the financial literature is that firms set their dividends as a residual after using income to support new investment. a. Explain what a residual dividend policy implies,...
Executive salaries have been shown to be more closely correlated to the size of the firm than to its profitability. If a firms board of directors is controlled by management rather than outside...
Executive salaries have been shown to be more closely correlated to the size of the firm than to its profitability. If a firms board of directors is controlled by management rather than outside...
Suppose the average daily demand is 20 and standard deviation of daily demand is 15. What is the optimal safety stock ( in units and in days ) that they should carry to achieve a service level ( in -...
1. Describe the following concepts related to Sprint Planning: a) Timing b) Participants c) Basic Process d) Determining Capacity e) PBI Selection 2. Describe the following concepts related to Sprint...
d d Show that dian| = = v(Ia)n| Find -a- at i = 0. din\ d d Show that -a- di n v(). Find di an at i = 0.

If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be

Question:

Step by Step Answer:

Alternatively with a financial calcu...View the full answer

Fundamentals of Financial Management

Students also viewed these Finance questions