If you invest $900 in a bank where it will earn 8 percent compounded annually, how much
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
Rate i 8 Number of periods n 7 Payment PMT 0 ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
Question Posted:
Students also viewed these Finance questions
-
How much money would you have at the end of 10 years if you made deposits of $4,000 at the end of every three months into an investment that accumulated at 9 compounded quarterly
-
Your client plans to invest $2000 at the end of each year. The rate of return on the investment is 7.5% compounded annually. What will be the value of the investment at the end of the 12 years?
-
The following are sales, cost of sales, and inventory data for Aladdin Products Supply Company, a wholesale distributor of cleaning supplies. Dollar amounts are in millions. Required: a. Use a...
-
Bloomberg Intelligence listed 50 companies to watch in 2018 (www .bloomberg.com/features/companies-to-watch-2018). Twelve of the companies are listed here with their total assets and 12-month sales....
-
Write the second-order initial-value problems (11.3) and (11.4) as first-order systems, and derive the equations necessary to solve the systems using the fourth-order Runge-Kutta method for systems.
-
The acceleration due to gravity on the Moon is about one-sixth what it is on Earth. If an object is thrown vertically upward on the Moon, how many times higher will it go than it would on Earth,...
-
Suppose that an August Call option to buy a share for \(\$ 600\) costs \(\$60.5\) and is held until August. (a) Under what circumstances will the holder of the option make a profit? (b) Under what...
-
Presented here are an incomplete income statement and balance sheet for Schwenke Corporation. Additional information: 1. The gross profit margin is 40%. 2. The income tax rate is 20%. 3. The...
-
Heather Smith Cosmetics (HSC) manufactures a variety of products and is organized into three divisions (investment centers): soap products, skin lotions, and hair products. Information about the most...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
A financial planner just offered you a new investment product that would require an initial investment on your part of $35,000, and then 25 years from now will be worth $250,000. What annual rate of...
-
In 20 years, you would like to have $250,000 to buy a vacation home. If you have only $30,000, at what rate must it be compounded annually for it to grow to $250,000 in 20 years? Use a spreadsheet to...
-
Develop a spreadsheet to compute the values of K a(R) , ' a , and a , using Eqs. (16.20), (16.18), and (16.21), respectively. a. Use this spreadsheet to compute the values for the following values...
-
Hund's Rule predicts that O electrons occupy all the orbital of a given subshell singly before pairing begins. O electrons must have opposite spins to share an orbital. O electrons in an orbital have...
-
1. For a time series with horizontal pattern, methods that are generally used for forecasting are: a. Simple linear regression and multiple regression b. Holt's linear exponential smoothing c. Moving...
-
Suppose Tilia Thyme can choose between expenditures today and expenditures tomorrow. She has $25,000 in assets and an income today of $45,000.Given the state of the economy, she expects no raise next...
-
Money and the Money Market Using the money market graph, show the effects of an increase in the price level. Please describe the changes beside your graph. (5 marks) In an economy for the month of...
-
Below is from one of paragraphs of the article. They are raising interest rates before that happens because monetary policy exerts a gradual influence on economic conditions, and they are concerned...
-
Write the output expression for the circuit of Figure 3-32(c), and use DeMorgans theorems to show that it is equivalent to the expression for the circuit of Figure 3-32(a). Figure 3-32 (a) (c) BO De...
-
Refer to the information from Exercise 22-19. Use the information to determine the (1) Weighted average contribution margin , (2) Break-even point in units, and (3) Number of units of each product...
-
Consider an agent \(a\) with piecewise linear utility function \(u^{a}(x)=x\) for \(x \leq x_{0}\) and \(u^{a}(x)=x_{0}+a\left(x-x_{0} ight)\) otherwise, for some \(a \in(0,1)\), and an agent \(b\)...
-
If you purchased 125 shares of common stock that pays an end- of- year dividend of $ 3, what is your expected rate of return if you purchased the stock for $ 30 per share? Assume the stock is...
-
Daisy executives anticipate a growth rate of 12 percent for the companys common stock. The stock is currently selling for $ 42.65 per share and pays an end- of- year dividend of $ 1.45. What is your...
-
Pioneer preferred stock is selling for $ 33 per share in the market and pays a $ 3.60 annual dividend. a. What is the expected rate of return on the stock? b. If an investors required rate of return...
-
Have a brief introduction, discussion of the topics/points, and a conclusion.what you have learned during the course( Organizational Dynamics and Effectiveness).Their relevance to your career....
-
Using the article provided below, you are required to analyse the company information to define the business goals and evaluate whether the supply chain is a strategic fit with the business and...
-
Create output that shows a scatterplot with a line of best fit for your data. Explain what a line of best fit is? Submit both the output file (SPSS) as well as your Word summary.
Study smarter with the SolutionInn App