How much money would you have to put into an account initially at 8% interest compounded quarterly
Question:
How much money would you have to put into an account initially at 8% interest compounded quarterly in order to have $6000 after 14 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
a 1 i 102 b ...View the full answer
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
Finite Mathematics And Its Applications
ISBN: 9780137616619
13th Edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons
Question Posted:
Students also viewed these Mathematics questions
-
Calculate the future value of the following singleamounts. Initial Investment Anual Rate Interest Compounded Period Invested 2. 3. $8,000 6,000 9,000 10% 12 Annually Semiannually Quarterly 7 years 4...
-
How much money would you have at the end of 10 years if you made deposits of $4,000 at the end of every three months into an investment that accumulated at 9 compounded quarterly
-
How much money would you have to put into a bank account paying 6% interest compounded monthly in order to be able to withdraw $150 each month for 30 years?
-
Economists are difficult to understand. They claim that they can put a monetary value on premature death, but not on human life. They also claim that they can value ecosystem services (such as a...
-
At the end of the current month, Hannah Kinsey prepared a trial balance for Seaside Rescue Service. The credit side of the trial balance exceeds the debit side by a significant amount. Hannah has...
-
Kronos was founded to help organizations manage employees' time on the job with time clocks. Thus, it is ironic that it would later become a leader in the movement toward offering employees unlimited...
-
Assume that $y_{i j}$ are i.i.d and follow a normal distribution with variance $\sigma^{2}$. Under the null hypothesis that a factorial effect 0 , a. Show that \[\frac{\bar{y}_{+}-\bar{y}_{-}}{s / 2}...
-
A consulting project involved a credit card bottom feeder (lets call it Credit Wonder). This company bought credit card accounts that were written off as uncollectable debts by major banks. Credit...
-
A company is projected to generate free cash flows of $429 million next year, growing at a 4.7% rate until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.6%. The...
-
Pratt Corp. started the Year 2 accounting period with total assets of $30,000 cash, $12,000 of liabilities, and $5,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings...
-
Find an expression for the amount of money after five years when the initial amount is $80 and the annual interest rate is as given. 12% compounded semiannually
-
Find an expression for the amount of money after five years when the initial amount is $80 and the annual interest rate is as given. 7% simple interest
-
When a steel cable supports a heavy load of weight W, its length increases by an amount L compared with its length without a load. Suppose the cable is cut into three equal pieces, and the three...
-
How do financial managers use Remittance Advice information? Question 193 options: to determine any applicable cost sharing to move the revenue cycle to its conclusion to look for breakdowns in the...
-
Kordel Company pays $15,200 relating to its installment note payable; of this amount $9,000 represents interest. In Kordel's statement of cash flows, this payment should be reported as (Select all...
-
The accounting scandals of the early 2000s led many people to question the legitimacy of Group of answer choices the five-member Public Company Accounting Oversight Board (PCAOB) under the Securities...
-
Given the velocity v (t) = (sec 2 t) i + (4t 3 + 6) j Initial Condition: r (0) = 2 j Find r (t)
-
. Why is this so important? A. The taxpayer liable will lose his or her personal exemption for the current year. B. The taxpayer liable will have to make the quarterly estimated tax payments for the...
-
For a sequence of events {A n }, n 1, Show that (i) A n = { W; A n for all but finitely many ns }, (ii) A n = { W; A n for finitely many ns } (to be denoted by) (A n i.o.) and read (A n s...
-
Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average...
-
1. Let E and F be events with Pr (E) = .4, Pr(F) = .3, and Pr(E F) = .5. Find Pr(E | F). 2. Let E and F be events with Pr (E F) = 1/10 and Pr (E | F) = 1/17 Find Pr (F).
-
When a coin is tossed three times, what is the probability of at least one tail appearing, given that at least one head appeared?
-
1. Suppose that a pair of dice is rolled. Given that the two numbers are different, what is the probability that one die shows a three? 2. Consider Table 1, with figures in millions, pertaining to...
-
Data analytics is applied to discover trends and patterns in health care data, and it predicts future events based on the discoveries. Compare and contrast data analytics, specifically the use of...
-
2. Assume that Landen's controller believes that machine-hours is a better allocation base than direct labor-hours. Under this approach: a. Compute the plantwide predetermined overhead rate. b....
-
( c ) If a member of the sales force submits an entertainment expense ( dinner cost for four ) of $ 3 9 0 , should this expense be considered unusually high ( and possibly worthy of investigation by...
Study smarter with the SolutionInn App