If you deposit $1,500 at the end of each of the next 20 years into an account

Question:

If you deposit $1,500 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:

Related Book For book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9780072553079

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

See More Books

Question Posted: Oct 03, 2023 01:02 PM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
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...
rewrite/downside Integrity and credibility are the ethics of professional practice that Juan Gomez was lacking in this instance. Juan Gomez lacked integrity because he created a conflict of interest...
What challenges might confront a Mexican manager transferred to the United States to manage a manufacturing plant in Tucson, Arizona? Will these issues be the same for a U.S. manager transferred to...
Below is the Employee Earnings Record for Ally Murner of Cosmic Comics. Record her earnings on the September 12 pa.
What is service-oriented architecture? How does SOA help the flexibility of an information system?
The Trade Show Bureau conducted a survey to determine why people go to trade shows. The respondents were asked to rate a series of reasons on a scale from 1 to 5, with 1 representing little...
9. A mass-less rope is used to lower a 210 kg object with a downward acceleration of 0.79 m/s 2 . What is the magnitude of the tension in the rope? Below is the equation sheet Image transcription...
You want to have $50,000 in your savings account five years from now, and youre prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.2 percent...
Your company will generate $75,000 in annual revenue each year for the next eight years from a new information database. The computer system needed to set up the database costs $380,000. If you can...
The water usage in a small town is measured in gallons per hour. A plot of this rate of usage is shown in Figure 6 for the hours midnight through noon for a particular day. Estimate the total amount...
Which graph would you require to get a visual expression of time series data? Explain which trend model should be used in case the time series data rejects the following types of graphs: a. straight...
During a recent 10-year period, the percentage of Australians who drank coffee was constant at 50 per cent. But the type of coffee that Australians purchased shifted during that time. Growing at a...
What is exponential smoothing? Explain how the weights are assigned to a time series data. Comment on the relative importance of the time series data if, a. $W=0$ b. $W=1$ c. $W=0.5$
Select Ltd is registered with an authorized capital of 300,000 ordinary shares of 1. The following trial balance was extracted from the books of the company on 31 March 2016, after the preparation of...
Suppose you have $\$ 100000$ to invest in the share market. a What company would you invest in and why using the triple bottom line to analyse company performance? b Would your decision differ if...
Persaud Ltd. acquired 100% of the voting shares of Singh Ltd. on January 1, 20X6, for $ 1,255,000. The financial statement of Singh Ltd. on the date of acquisition was as follows: The inventory will...
What are the key elements of a system investigation report?
What is GAAP and who oversees it?
Confirm that you can find the most recent financial statements for Starbucks Corporation (SBUX) using the following sources: a. From the companys Web page (www.starbucks.com). b. From the SEC Web...
Consider the following potential events that might have occurred to Global on December 30, 2010. For each one, indicate which line items in Globals balance sheet would be affected and by how much....
3) Rent and Pro Rata Share of Expenses I have a tenant that will pay rent of $3,800 per month for a space that offers to the tenant a total of 4,000 square feet of rentable space.My building offers...
You check the payroll records and notice Daniella was paid superannuation of $90.25, which is less than required under the legislation. You are unsure if you should tell Daniella or just pay the...
locate a Credit Union or Bank that offers auto loans. Identify a potential new vehicle that you are interested in. Utilizing the purchase price and the Annual Percentage Rate (APR) that is identified...

If you deposit $1,500 at the end of each of the next 20 years into an account

Question:

Step by Step Answer:

To calculate the future value of regular deposits annuities with compound interest you can us...View the full answer

Fundamentals Of Corporate Finance

Students also viewed these Business questions