If you deposit $5,300 at the end of each year for the next 20 years into an

Question:

If you deposit $5,300 at the end of each year for the next 20 years into an account paying 9.8 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:

Related Book For book-img-for-question

Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Question Posted: Dec 30, 2022 08:36 AM

See More Questions

How much money will you have in five years if you deposit $5,000 in the bank at 9% interest compounded continuously?
How much money will you have in your bank account in 5 years if it pays 4% annually and you start with the following amounts. a. $5,000. b. $10,000. c. $15,000. d. $20,000.
If you deposit $4,000 at the end of each of the next 20 years into an account paying 11.2 percent interest, how much money will you have in the account in 20 years? How much will you have if you make...
Provide a detailed description of the JDBC three-tier model and its function.
On July 1, 2016, Osceola Company retired a metal stamping machine that it had originally purchased for $1,500,000. At December 31, 2015, the machine had a book value of $125,000 and was being...
In 2022 Green, Inc., had gross receipts from sales of $500,000, dividends of $100,000 from a domestic corporation in which Green, Inc., owned 50% of the stock, and operating expenses of $800,000....
Determine dryness fraction of steam supplied to a separating and throttling calorimeter. Water separated in separating calorimeter $=$ $0.45 \mathrm{~kg}$ Steam discharged from throttling...
Mussatto Company expects to produce 50,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $12, and overhead $18....
In the year to 30 September 2022, an advertising agency declares in interim ordinary dividend of 7.4C per shares and a final ordinary dividend of 8.6C per share. assuming an ex-dividend share price...
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you a loan with an APR of 4.7 percent for 60 months to buy the car. What will your monthly payments...
a. What is a pure discount loan? b. What does it mean to amortize a loan?
For a rectangular element shown in the figure, displacements at four nodes are given by $\left\{u_{1}, v_{1}, u_{2}, v_{2}, u_{3}, v_{3}, u_{4}, v_{4}ight\}=\{0.0,0.0,1.0,0.0,2.0,1.0,0.0,2.0\}$....
When we try to define mass communication, there are a number of related questions. For example: "What is the message?" or "What do we mean by 'audience?". Define the terms "message" and "audience"...
Write a 700- to 1,050-word paper in which you define cognitive psychology . Address the following: Identify at least four key milestones in the development of cognitive psychology as a discipline....
The price gouging statute imposes an effective price ceiling on necessary commodity duties in emergencies; legally, retailers cannot raise prices by a significant amount. When a natural disaster...
Innate immunity is a non-specific type of defense and consists of four types of barriers. Categorize these barriers and give one example for each.
2. List the areas of the curriculum for your State/Territory (or the Australian curriculum, if you wish) and identify which area/s you most enjoyed at school and which area/s you found less enjoyable...
Why is water a polar molecule? Give two examples of why this property is important in microbiology.
Phosgene, COCl2, is a toxic gas used in the manufacture of urethane plastics. The gas dissociates at high temperature. At 400oC, the equilibrium constant Kc is 8.05 104. Find the percentage of...
Stock Valuation a substantial percentage of the companies listed on the NYSE and NASDAQ dont pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible given...
Stock Valuation a substantial percentage of the companies listed on the NYSE and NASDAQ dont pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible given...
Dividend Policy referring to the previous questions, under what circumstances might a company chooses not to pay dividends?
Bruin, Incorporated, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$ 51,000 -$ 51,000 1 27,000 2 21,000 3 4 16,500 12,200 14,900 18,900 23,000...
Last year, your company sold electronic products to Brazil. You are expecting to receive Real 2,000,000 in 6 months. The following quotations are provided by a currency dealer: In $ Real 0.4200 1 m....
You want to buy a $32,000 car. The company is offering a 4% interest rate for 36 months (3 years). What will your monthly payments be?

If you deposit $5,300 at the end of each year for the next 20 years into an

Question:

Step by Step Answer:

Here we need to find the FVA The equation to find t...View the full answer

Essentials Of Corporate Finance

Students also viewed these Business questions