If you deposit $4,000 at the end of each of the next 20 years into an account
Question:
If you deposit $4,000 at the end of each of the next 20 years into an account paying 9.5 percent interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Here we need to find the FVA The equation to find the FVA is FVA C1 r t 1 r FVA for ...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
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
You want to have $25,000 in your savings account eight years from now, and youre prepared to make equal annual deposits into the account at the end of each year. If the account pays 4.75 percent...
-
Bucher Credit Bank is offering 5.3 percent compounded daily on its savings accounts. If you deposit $5,000 today, how much will you have in the account in five years? In 10 years? In 20 years?
-
If the appropriate discount rate for the following cash flows is 8.4 percent, what is the present value of the cash flows? Cash Flow Year $1,200 1,100 2 3 800 4 600
-
Recall the heat equation which we solved numerically T= = DTxx There we implemented an explicit numerical scheme (FTCS) which led to a conditionally stable solution - meaning that for certain time...
-
Oligopolistic models are based on behavioral assumptions. One behavioral assumption associated with differentiated product markets is that price increases will not be matched, but price decreases...
-
People have different comfort zones and aspirations that can affect their careers. How does the career anchor system (see Managers Notebook, Anchor Yourself,) take these individual differences into...
-
George Oppenheimer, an agent for Wellington Farms of Massachusetts, Inc., had contacted Mark Kiriakou from the Capital Area Food Bank regarding an order for frozen turkey meat. In an exchange of...
-
A manufacturer of prefabricated homes has decided to subcontract four components of the homes. Several companies are interested in receiving this business, but none can handle more than one...
-
f(x)=5x-3, g(x)=x-5 (f+g)(x)=(Simplify your answer.)
-
The audit manager has provided you with visualizations (created using visualization software) that include additional analytical information about Dandelions investment portfolio. She has asked you...
-
Your company will generate $45,000 in cash flow each year for the next nine years from a new information database. The computer system needed to set up the database costs $260,000. If you can borrow...
-
Baths Bank offers you a $60,000, seven-year term loan at 9 percent annual interest. What will your annual loan payment be?
-
You have 40 years left until retirement and want to retire with $2 million. Your salary is paid annually, and you will receive $40,000 at the end of the current year. Your salary will increase at 3...
-
As an importer, you will need financing to make payment for your product(s) and also insurance to protect your goods from damage(s). Students are required to research on the following and justify how...
-
In 2022, Clement had $3,000 of state income taxes withheld from his salary. On April 15, 2023, he pays an additional $800 when he files his 2022 state tax return to satisfy his tax liability for that...
-
Lucas incurs the following taxes during the current year: Lucas pays personal property tax on his car of $700. Taxes are assessed at $600 plus 1% of the value of car, which is $10,000. Lucas...
-
Describe overview & importance of the Strategic planning and Budgeting in managerial accounting as well as businesses in detail?
-
Uest Company reported a net loss of $15,000, which included a depreciation expense of $2,000 and a gain on the sale of equipment of $800. On the balance sheet, the company reported the following:...
-
Refer to the data given in BE11-11 for Canning Corporation. Canning had an unlimited number of no par value common shares authorized. Prepare the shareholders' equity section of its statement of...
-
A sample statistic will not change from sample to sample. Determine whether the statement is true or false. If it is false, rewrite it as a true statement.
-
Stand-Alone Principle Suppose a financial manager is quoted as saying, Our firm uses the standalone principle. Because we treat projects like mini firms in our evaluation process, we include...
-
Equivalent Annual Cost When is EAC analysis appropriate for comparing two or more projects? Why is this method used? Are there any implicit assumptions required by this method that you find...
-
Cash Flow and Depreciation When evaluating projects, were concerned with only the relevant incremental after tax cash flows. Therefore, because depreciation is a noncash expense, we should ignore its...
-
A project has an initial cost of $55,000, expected net cash inflows of $10,000 per year for 7 years, and a cost of capital of 9%. What is the project's MIRR?
-
Calculate the peak voltage ( in Volts ) of a generator that rotates its 2 0 0 - turn, 0 . 1 0 0 m diameter coil at 3 . 9 x 1 0 3 rpm in a 0 . 6 T field. You should round your answer to the nearest...
-
A project has cash flows of $118,400, $42,500, $87,300, and $43,200 for Years 0 to 3, respectively. The required rate of return is 11 percent. Based on the internal rate of return of ________ percent...
Study smarter with the SolutionInn App