Question: Suppose you deposit $ 1 , 4 7 8 . 0 0 into an account today that earns 1 2 . 0 0 % .

Suppose you deposit $1,478.00 into an account today that earns 12.00%. It will take years for the account to be worth $2,545.00.
Answer format: Number: Round to: 2 decimal places.
Suppose you deposit $1,478.00 into an account today that earns 12.00%.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

13. Derek has the opportunity to make an investment today. The investment will pay Derek $32,000.00 exactly 23 years from today. Assuming that Derek believes the appropriate discount rate is 12% pa,...

Q:

years for the account to be Suppose you deposit $1 914,00 into an account today that earns 12.00%. It will take worth $2,800.00 Submit Answer format: Number Round to 2 decimal places

Q:

Can someone please help me implent the java coding section. I only get the building view part of the xml layout. I need help with the Mortgage Data section , Exception Handling section, Voice output...

Q:

#1 Derek will deposit $7,213.00 per year for 19.00 years into an account that earns 18.00%, The first deposit is made next year. How much will be in the account 34.00 years from today? #2 Derek will...

Q:

Financial Literacy Ch. 11: Investing Discussion MEET JACK AND JILL Throughout our module, we use an example of two people who illustrate good and poor financial choices. Their background information...

Q:

4:26 . | .f 16 4 LG1 P5-1 Using a timeline Barnaby PLC is considering starting a new branch of their busi- ness in Northern Ireland that requires an initial outlay of $280,000 and is expected to...

Q:

For the TVM problems, list all 5 variables and make sure to circle or highlight the variable that you are solving for. For the return calculations, make sure all of your work is shown on the answer...

Q:

P11 rest to follow, thanks. If possible, due within 72 hours. Practical 11 - step by step please 1. A R1 000 is deposited inh a bank in May and withdrawn in October the same year. Find the future...

Q:

Practical 11 - step by step please 1. A R1 000 is deposited inh a bank in May and withdrawn in October the same year. Find the future value if the interest rate is 10% simple interest. 2.. An amount...

Q:

Derek has the opportunity to buy a money machine today. The money machine will pay Derek $19,196.00 exactly 3.00 years from today. Assuming that Derek believes the appropriate discount rate is...

Q:

A central bank buys government securities. This a. is called "an open market operation" b. increases (other things equal) the monetary base c. increases (other things equal) the non-borrowed monetary...

Q:

Write a Business strategy of Apple and alternative international market entry modes?

Q:

Dila just deposited $10,500 into an account that pays 9.7% p.a., but with daily compounding (i.e., 365 times per year). How much money will Dila have in her account exactly 16 years from today

Q:

The following table show the relationship between the price of product A and the quantity demanded for products X & Y. Price of X DD for X DD for Y Consumers' (RM) (unit) (unit) income (RM) 8 120 35...

Q:

(7) How do you import new ideas and approaches into the organization?

Q:

(12) What gaps are there in the current approach to development?

Q:

What does your leadership team need to develop in terms of entrepreneurial approach to business?