You have an investment that will pay you 1.38 percent per month. How much will you have
Question:
You have an investment that will pay you 1.38 percent per month. How much will you have per dollar invested in one year? In two years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
The time line is Here we need to find the future value of a ...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
Calculating Future Values you have an investment that will pay you 1.08 percent per month. How much will you have per dollar invested in one year? In two years?
-
You have an investment that will pay you 1.05 percent per month. How much will you have per dollar invested in one year? In two years?
-
You have an investment that will pay you 1.29 percent per month. How much will you have per dollar invested in one year? In two years?
-
Two stocks, A and B, have beta coefficients of 0.8 and 1.4, respectively. If the expected return on the market is 10 percent and the risk-free rate is 5 percent, what is the risk premium associated...
-
Which of the following traits or diseases are determined by nuclear genes? A. Snail coiling pattern B. Prader-Willi syndrome C. Leber hereditary optic neuropathy
-
Nicholas works as a project manager in Lyon, France. The proposed client complains a bit about the budget, which seems unnecessarily large. For one thing, the client questions the amount of money...
-
Fraud deterrence is centered on the fear of getting caught and the fear of getting punished. In your opinion, which is stronger and why?
-
Depreciation ComputationsFive Methods, Partial Periods Agazzi Company purchased equipment for $304,000 on October 1, 2010. It is estimated that the equipment will have a useful life of 8 years and a...
-
Explain why if assets are valuable resources and asset accounts have debit balances why do expense accounts also have debit balances. What is meant by the normal balance?
-
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
-
You are saving to buy a $255,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 4.8 percent. How long will it take your initial $95,000 investment...
-
Youve just joined the investment banking firm of Dewey, Cheatum, and Howe. Theyve offered you two different salary arrangements. You can have $6,100 per month for the next two years, or you can have...
-
Some argue that retailers can be eliminated from the distribution channel because they only add costs to the final product without creating any value-added services in the process. Do you agree with...
-
A county received $3,000,000 from the state. Of that amount, $1,500,000 was received under an entitlement program and was not restricted as to use. The other $1,500,000 was received under a grant...
-
The operations of a municipal swimming pool with debt secured solely by charges to users should be accounted for in a. a Special Revenue Fund. b. the General Fund. c. an Internal Service Fund. d. an...
-
On June 1, 20X4,a school district levies the property taxes for its fiscal year that will end on June 30, 20X5. The total amount of the levy is $1,000,000, and 1% is expected to be uncollectible. Of...
-
The city of Lora issued $5,000,000 of general government, general obligation, 8%, 20-year bonds at 103 on April 1, 20X7, to finance a major general government capital project. Interest is payable...
-
The activities of a municipal employee retirement plan that is financed by equal employer and employee contributions should be accounted for in a. an Agency Fund. b. an Internal Service Fund. c. a...
-
B. Pedigo and W. Vernon have capital balances on January 1 of 50,000 and 40,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of 20,000 for Pedigo and...
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
What is the payback period for the following set of cash flows? Year Cash Flow 0......-$5,500 1...... 1,300 2...... 1,500 3...... 1,900 4...... 1,400
-
An investment project provides cash inflows of $585 per year for eight years. What is the project payback period if the initial cost is $1,700? What if the initial cost is $3,300? What if it is...
-
Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. If the company has the following two projects available, should it accept either ofthem? Yearsh...
-
(1) Given a soil with a moist unit weight of 107.7 pcf, a moisture content of 18.0 % and a specific gravity of 2.72, fill in all the blanks on the phase diagram. Also, find the void ratio, porosity,...
-
What are the importance of geotechnical engineering in building construction and civil engineering ?
-
Part #3 Consolidation test results of a settlement versus time on a soil sample for an increment of 200 kPa vertical stress is shown in the following table. Determine the value of the Coefficient of...
Study smarter with the SolutionInn App