A single deposit of $25,000 was made by your grandparents on the day you were born 25
Question:
A single deposit of $25,000 was made by your grandparents on the day you were born 25 years ago. The balance in the account today if it grew at 10% per year is closest to:
(a) $201,667
(b) $241,224
(c) $270,870
(d) $296,454
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
c F 250...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
Question Posted:
Students also viewed these Business questions
-
On January 1, Beth Woods made a single deposit of $ 8,000 in an investment account that earns 8 percent interest. Required: Round answers to two decimal places. 1. Calculate the balance in the...
-
Refer to the appropriate tables in the text. Required: Round answers to two decimal places. Determine: a. The future value of a single deposit of $ 15,000 that earns compound interest for four years...
-
Using the appropriate tables in the text, Required: Determine: a. the future value of a single deposit of $15,000 that earns compound interest for four years at an interest rate of 10 percent per...
-
According to the Mortgage Bankers Association, 10% of all home mortgage loans in California were in foreclosure in the fourth quarter of 2011. Assuming this rate holds, if you randomly pick 30...
-
Starbucks Corporation reported the following geographical segment revenues for a recent and a prior fiscal year: a. Prepare a horizontal analysis of the segment data using the prior year as the base...
-
What are the major factors that an organization needs to analyze before it can consider entering a foreign market?
-
Prove the \(S U(3)\) results in Eq. (5.3.29): \(\mathbf{3} \otimes \overline{\mathbf{3}}=\mathbf{8} \oplus \mathbf{1} ; \mathbf{3} \otimes \mathbf{3}=\mathbf{6} \oplus \overline{\mathbf{3}} ;...
-
Your assignment is to obtain general information on the criminal aspects of causing or procuring the termination of a human pregnancy. Consult the ALR.3d, ALRAth, ALR.5th, ALR.6th, and ALR Federal...
-
graph the equations and shade the area of the region between the curves. Determine its area by integrating over the y-axis. y and x = = 3y-2 20.x=
-
The following tables show the domestic supply and demand schedules for bushels of flaxseed (used as an edible oil and a nutrition supplement) in the United States and Kazakhstan, with prices measured...
-
The cost of updating an outdated production process is expected to be $81,000 four years from now. The equivalent present worth of the update at 6% per year interest is closest to: (a) $51,230 (b)...
-
A chip manufacturing company wants to have $10 million available 5 years from now in order to build new warehouse and shipping facilities. If the company can invest money at 10% per year, the amount...
-
The following bonds have the same maturity and coupon rate. Also shown are four yields. Match the yields to these bonds.10 percent, 9 percent, 8 percent, and 7 percent: a. Municipal b. Treasury c....
-
Operations Management for Competitive Advantage The lean Operations system strategy has Been in operation for three months at your furniture Company . Recently Operations managers have received...
-
How does Red Robin rank relative to competitors on each of the important factors that determine market success? All things considered, does Red Robin have a net competitive advantage or disadvantage...
-
The strategy of a strategic plan can sometimes change or shift directions due to a change with the organization. This is fairly common but the strategy that we use to implement this change can...
-
How does Progressive Insurance stand out from competitors? (value creation) https://www.progressive.com/ ?
-
How does Danone's "regenerative agriculture" affect farmers, consumers, Danone, and the company's shareholders? Is anyone worse off as a result of this initiative? 2. Would this approach work in...
-
For the following population of N = 6 scores: a. Sketch a histogram showing the population distribution. b. Locate the value of the population mean in your sketch, and make an estimate of the...
-
What does non-recourse financing mean?
-
Reinforced concrete pipe (RCP) that is 12 inches in diameter had a cost of $12.54 per linear foot in Dallas, Texas in 2007. The cost for 24-inch RCP was $27.23 per foot. If the cross-sectional area...
-
A 100,000 barrel per day (bpd) fractionation tower cost $1.2 million in 2001 when the Chemical Engineering plant cost index value was 394.3. How much would a 450,000 bpd plant cost when the index...
-
In 2008, a military engineer estimated the cost for a classified laser-guided device to be $376,900. The engineer used the M&S equipment index for the years 1998 and 2008 and the cost-capacity...
-
what is the nc standard for converting percent to decimals? Describe Briefly.
-
Company XYZ is a retail business that wants to assess its financial performance. They have provided you with their financial statements for the last two years. Your task is to conduct a ratio...
-
Define Earnings Management and differentiate it from Non GAAP Accounting.
Study smarter with the SolutionInn App