Mia Kaminsky, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a
Question:
Mia Kaminsky, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a new flower shop online. Lee plans to repay Mia at the end of 5 years with 4% interest compounded semiannually. How much will Mia receive at the end of 5 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
Calculation of total amount received at the end of ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Question Posted:
Students also viewed these Accounting questions
-
Misty needs to have $15,000 at the end of 5 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched for 5 years until it...
-
Marwa needs to have US$15,000 at the end of 5 years to fulfill her goal of purchasing a small sailboat. She is willing to invest the funds as a single amount today but wonders what sort of investment...
-
Using the appropriate interest table, answer each of the following questions. (a) What is the future value of $9,300 at the end of 5 periods at 8% compounded interest? (b) What is the present value...
-
Managers should be supported through process transitions by ___________. Question 12 options: encouragement (coaching and mentoring) and assistance (necessary resource) structured approach with a...
-
The research department of the company in Problem 2 investigated the change in sales for each of die company's salespeople. Using criteria supplied by management, the department categorized all...
-
A mouse is initially at rest on a horizontal turntable mounted on a frictionless vertical axle. If the mouse begins to walk clockwise around the perimeter, what happens to the turntable? Explain.
-
Identify important issues in using EVA.
-
1. Some have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following argument to be the most persuasive of...
-
1.If a country wants to maintain a fixed exchange rate and it is losing foreign reserves, what are two tools it has to help maintain its rate other than foreign reserves? 2.In countries where the...
-
Introduction to Financial Accounting Eleventh Edition Charles T Horngren Stanford University Gary L Sundem University of Washington John A Elliott University of Connecticut Donna R Philbrick Portland...
-
Comet Lee borrowed $16,000 on a 6%, 90-day note. After 20 days, Comet paid $2,000 on the note. One day 50, Comet paid $4,000 on the note. What are the total interest and ending balance due by the...
-
Joe Beary wants to attend Riverside College. Eight years from today he will need$50,000. If Joes bank pays 6% interest compounded semiannually, what must Joe deposit today to have $50,000 in 8 years?
-
The controller of Elton Furniture Store is currently trying to decide what depreciation method to use for a particular fixed asset. The controller has prepared the following list of possible...
-
Which of the following market developments would be most favorable for Subscriber 3s trading plan? A. A narrower interest rate differential. B. A higher forward premium for INR/USD. C. Higher...
-
Westcomes investment approach for Maglavs pension plan can be best characterized as the: A. Norway model. B. Canadian model. C. endowment model. William Azarov is a portfolio manager for Westcome...
-
Identify the new investment approach proposed by Zang for managing the Fund. Justify your response. Bern Zang is the recently hired chief investment officer of the Janson University Endowment...
-
Identify the investment approach currently being used by the Investment Committee for managing the Fund. Justify your response. Bern Zang is the recently hired chief investment officer of the Janson...
-
Fiona Heselwith is a 40-year-old US citizen who has accepted a job with Lyricul, LLC, a UK-based company. Her benefits package includes a retirement savings plan. The company offers both a defined...
-
What is the purpose of a permission entry in a policy file?
-
Give the structural formulas of the alkenes that, on ozonolysis, give: a. (CH3)2C=O and CH2=O b. Only (CH3CH2)2C=O c. CH3CH=O and CH3CH2CH=O d. O=CHCH2CH2CH2CH=O
-
What is a proxy? What is the difference between voting rights and cash flow rights? Do you think this will have an impact on share values?
-
A man has $5000 on deposit in a bank that pays 5% interest compounded annually. He wonders how much more advantageous it would be to transfer his funds to another bank whose dividend policy is 5%...
-
A friend was left $50,000 by his uncle. He has decided to put it into a savings account for the next year or so. He finds there are varying interest rates at savings institutions: 43/8% compounded...
-
A college professor won $85,000 in the state lottery; income taxes will take about half the amount. She plans to spend her sabbatical year on leave from the university on an around-the-world trip...
-
1. Write a Java program that will prompt the user for a number and print out a square with those dimensions. For example, if the user enters 5, return the following: * * * ** ** * * * * * * * * * * *...
-
2. Vector multiplication or dot product is performed by multiplying corresponding elements and summing the products. It can be represented mathematically as oa; *bi where a and b are vectors of...
-
The following data was collected from an experiment testing the hypothesis: The density of cream whipped for 5 minutes increases at higher altitudes. What would be an acceptable interpretation of...
Study smarter with the SolutionInn App