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? Discuss.

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

See More Books

Question Posted: Oct 05, 2011 09:49 AM

See More Questions

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...
You are currently investing your money in a bank account which has a nominal annual rate of 8% compounded annually. If you invest $2,000 today, how many years will it take for your account to grow to...
Problem 4.2 Ask the user to enter his/her age, with the prompt: "How old are you? Please enter your age as a number between 0 and 120. -> ". Check that what was entered is a number between 0 and 120....
Respond to the following questions, with thorough explanations and well-supported rationale: 1. These workers state the "only thing they have is their work." This statement suggests that, without...
What are the advantages and disadvantages of using expected monetary value (EMV) as compared to the return-to-risk ratio (RTRR)?
The floating rate portion of a plain vanilla interest rate swap with yearly payments and a notional principal of one unit has cash flows at the end of each year defining a stream starting at time 1...
On January 1, 2012, Parker Company purchased 95% of the outstanding common stock of Sid Company for $160,000. At that time, Sid's stockholders' equity consisted of common stock, $120,000; other...
Orders have been coming in like crazy since the special order bundle sale started! Aaliyah has asked Missy to help them out with packing and shipping everything. Together, they were able to get the...
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
What is a loan amortization schedule, and what are some ways these schedules are used?
What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually? Discuss.
If a corporation issues only one class of stock, what four rights does each stockholder have?
Is San Francisco in the Northern or Southern Hemisphere? What is its approximate latitude?
PMF, Inc., can deduct interest expenses next year up to 30% of EBIT. This limit is equally likely to be $$10$ million, $$15$ million, or $$20$ million. Its corporate tax rate is 35%, and...
You are evaluating a project that requires an investment of $$94$ today and provides a single cash flow of $$123$ for sure one year from now. You decide to use 100% debt financing, that is, you...
The Optima Mutual Fund has an expected return of 19.1% and a volatility of 21.5%. Optima claims that no other portfolio offers a higher Sharpe ratio. Suppose this claim is true, and the risk-free...
Safeco Inc. has no debt, and maintains a policy of holding $$10$ million in excess cash reserves, invested in risk-free Treasury securities. If Safeco pays a corporate tax rate of 21%, what is the...
Describe how to calculate a business' collections from customers during an accounting period, based on an analysis of its income statement and its beginning and ending balance sheets.
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
Interpret the following mathematical statements in words and give two examples in each case. You should work in the set of real numbers, R. a. y > 5.4 b. z 10 c. x + 2 > 4 d. y = x and y=zx=2...
An electric utility is considering a new power plant in northern Arizona. Power from the plant would be sold in the Phoenix area, where it is badly needed. Because the firm has received a permit, the...
An electric utility is considering a new power plant in northern Arizona. Power from the plant would be sold in the Phoenix area, where it is badly needed. Because the firm has received a permit, the...
A firm with a WACC of 10% is considering the following mutually exclusive projects: Which project would you recommend?Explain. 2 3 4 + $225 $225 $49 Project A -$400 $55 $300 $55 $50 $55 Project B -...
* Write an ARMv8 assembly code to compute the equation y = 12 n=1n5. Assume the value of a is stored in register X20 and is a 64-bit non-zero positive integer. Store the computed value y in X21. Do...
Our friend River wrote the code shown with the intention of printing out a message to the user if the variable letter was a lowercase letter. However, upon testing it with the character 'A', the code...
The output of the code below is #include #include int main(){ float x; x = floor(7.5); printf("%.2f ",x); return 0;}

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

Question:

Step by Step Answer:

F V 5 10000110 5 10000161051 1610510 Al...View the full answer

Fundamentals of Financial Management

Students also viewed these Finance questions