FREE Trial
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Two years ago, you opened an investment account and deposited $5,000. One year ago, you added another $2,000 to the account. Today, you are making a final deposit of $7,500. How much will you have in this account three years

Two years ago, you opened an investment account and deposited $5,000. One year ago, you added another $2,000 to the account. Today, you are making a final deposit of $7,500. How much will you have in this account three years from today if you earn a 14 percent rate of return?


  • Expert Answer

Today DEPOSIT 7500 inter View the full answer


answer-question
Related Book For  answer-question
South western Federal Taxation 2017 Essentials of Taxation Individuals and Business Entities

South western Federal Taxation 2017 Essentials of Taxation Individuals and Business Entities

ISBN: 9780357109144

20th edition

Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen

See More Books
Post a Question and Get Help

Cannot find your solution?

Post a FREE question now and get an answer within minutes*.

*Average response time.
Posted Date: September 06, 2020 09:15:05
See More Questions

Students also viewed these accounting questions

Q:
You would like to deposit funds in an investment account and make equal, annual withdrawals of $50,000 per year, beginning exactly 1 year from today and continuing for 10 years, after which time the...
A:
You would like to deposit funds in an investment account and make equal annual withdrawals o......
Q:
Four years ago, you opened a mutual fund account and made three deposits ($200 four years ago, $X three years ago, and $300 a year ago) where you earned varying interest rates according to the...
A:
200106108112115 X......
Q:
Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an additional $20,000 to that account. You earned 8%, compounded semi-annually, for the first ten years,...
A:
Click to View...
Q:
In Problems 1968, solve each equation, if possible. -4 x + 4 || -3 x+6
A:
4 x 4 4 x 4 3 x 6 3 x 6 x 4 x6x4 x6 4......
Q:
In January 2010, the management of Prasad Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following...
A:
a Feb 1 Stock Investments 30800 Cash 30000 800 30800 Mar 1 Stock Investments 20300 Cash 20000 300 20......
Q:
Consider an ideal Brayton cycle executed between the pressure limits of 1200 and 100 kPa and temperature limits of 20 and 1000C with argon as the working fluid. The net work output of the cycle is...
A:
Consider an ideal Brayton cycle executed between the pressure limits of 1200 kPa and 100 kPa......
Q:
Exercises 1 through 6 provide a statement, its truth value in parentheses, and an operation to be performed on that statement. Supply the new statement and the truth value of the new statement.
A:
Click to View...
Q:
Information about Indiana Industrial's utility cost for the last six months of 2010 follows. The highlow method will be used to develop a cost formula to predict 2011 utility charges, and the number...
A:
a MHs Total Cost Variable Cost Fixed Cost High activity 34000 12200 5440 6760 Low activity 31000......
Q:
Is "sleep sex" a voluntary act? do you agree or disagree with the "sexsomnia" verdict? Was this action of "rape" a voluntary act to constitute actus reus? Please feel free to explore the facts of...
A:
The concept of sexsomnia or sleep sex refers to engaging in sexual activities while asleep or in a s......
Q:
Nolas Nuts, a store that specializes in selling nuts, has available 90 pounds (lb) of cashews and 120 lb of peanuts.These are to be mixed in 12-ounce (oz) packages as follows: a lower-priced package...
A:
a Let x the of lowerpriced packages and let y the of qualit......
Q:
After Dans EFN (external funds needed) analysis for East Coast Yachts, Larissa had decided to expand the companys operations. She has asked Dan to enlist an underwriter to help sell $50 million in...
A:
1 Collateral Adding a collateral to the bond shall lower the risk involved Hence the coupon rate shall be lower The more risk the investment has more......
Q:
Company began selling hand tools in Year 1 and provides a one-year warranty for all hand tools sold. The following information is available for Year 1 and Year 2 related to hand tool sales and the...
A:
Lets address each part of the problem step by step Problem 1 Warranty Accounting 1 Determine Year 1......
Q:
1. Laverne purchases a call option on XOM with a strike price of $90.00.XOM is already trading at $91.00 per share.Laverne pays a premium of $1.65 for the call, which expires in three months.If XOM...
A:
Certainly lets calculate the total profit or loss for each of these options transactions 1 Lavernes......
Q:
A firm pays $600,000 to acquire another firm. The assets and liabilities of the acquired firm have a market value approximately equal to book value, except for the following: A/R book value is...
A:
The book value of net assets of the acquired firm can be calculated......
Q:
Implement a class Club for managing the registration of member for the Fitness club. Activity -name: String -member: String[] -numberOfMembers: int +activity (name : String) +getName(): String...
A:
Implementation of the Club class in Java for managing the registration of members for a fitness club java import javautilArrayList import javautilList......
Q:
Mellisa Ltd was listed on the Australian stock exchange ten years ago. During this financial crisis they've decided to raise additional capital of $10 million at a price of $1.00 per share in a...
A:
a To record the transactions described here are the accounting entries 1 To record the initial capit......
Q:
if the matrix A = [2 -3 5, 3 2 -4, 1 1 -2]. so find the A-1 and using A-1 solve the system of equations 2x-3y+5z = 16, 3x+2y-4z = -4 and x+y-2z = -3.
A:
The detailed......
Q:
List four items of financial information you consider to be important to a manager of a business that has been operating for a year.
A:
Certainly here are four important financial pieces of information that a manager of a business opera......
Q:
In June of 2014, Bill Madden considered expanding his micro tiles business. He planned to invest $2.0 million in 2016 to produce more and better quality plaster or metal tiles and lithographs. These...
A:
Revenue Cost of sales Total cost of sales Gross profit Other income Depreciationamorti......
Q:
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
A:
Click to View...
Q:
Abstract George is in charge of a project to resolve the issue of significant traffic delays in a freeway in Houston, TX. The proposed resolution is to add a lane to each side of the freeway to...
A:
1 Consider the possible approaches to solve the problem of traffic congestion on the Pierce Elevated For each approach list and then analyze the positive and negative outcomes The Pierce Elevated is a......
Q:
The formula for the power output P of a battery is P = VI - RI where V is the electromotive force in volts, R is the resistance in ohms, and I is the current in amperes. Find the current that...
A:
P VIRI 121 05120 I 15 P 0 when I 0 P 675 w......
Q:
For the past several years, in order to sustain sales and profit growth Harley has relied heavily on baby boomers to buy a motorcycle in an effort to recapture their youth and rebellious. However,...
A:
Generation X includes those born between 1965 and 1976 and repre......
Q:
A nozzle at A discharges water with an initial velocity of 36 ft/s at an angle with the horizontal. Determine (a) The distance d to the farthest point B on the roof that the water can reach, (b) The...
A:
Horizontal motion Vertical motion Let u xtana Solving for x x......
Q:
Exercises 1 through 6 provide a statement, its truth value in parentheses, and an operation to be performed on that statement. Supply the new statement and the truth value of the new statement.
A:
Click to View...
Q:
The following transactions occurred for London Engineering: The following transactions occurred for London Engineering: Jul 2 Paid utilities expense of $400. 5 Purchased equipment on account, $2,100....
A:
Req 1 Journal DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT J......
Q:
C and D are neighbors. C recently moved into the house next to D. He immediately started building a brick wall between his property and that of D. On the morning of 24 August 2012, D confronted C on...
A:
Heres a general approach to each question 11 Claims by C against D Personal Injury C can claim damag......
Q:
In 1913, how long did the average worker stay with the plant? What was the average tenure of a worker? Assume the one-millionth vehicle was produced in 1916 at a cost of $8084 (in 2013 US$). By how...
A:
Employee turnover 1 Average time employees spend on average in the company Average time employee......
Q:
A company has the following journal entry recorded on June 15 of the current year: Debt: Cash76,000 $ Credit: Ordinary Stock$15,200 Credit: Paid-in Capital..$60,800 The stock was sold at $20 per...
A:
Value of the Stock The value of the stock is calculated as follows Value of the s......
Q:
Sunglao and Java are partners in bakery business. The activity in each partner's capital account for 2019 follows: Sunglao, Capital Java, Capital May 30 40,000 Dec. 1 20,000 200,000 80,000 70,000...
A:
Click to View...
Q:
Filomena invested $18,000 into her RRSP account 5 years ago. The average return she has received over this period is 4.25%. Her marginal tax rate is 35% and her average tax rate is 20%. What is the...
A:
SOLUTION To calculate the value of Filomenas RRSP account today we can use the formula for compound......
Q:
An asset (not an automobile) put in service in June 2016 has a depreciable basis of $40,000 and a recovery period of 5 years. Assuming bonus depreciation is used, half-year convention and no election...
A:
To calculate the maximum amount of cost that can be deducted in 2016 for an asset with a depreciable......
Q:
Stump and Bail are in partnership. Stump has lent the partnership $10 000 on which he is entitled to interest at 10%. He is also entitled to a salary of $12 000 per annum. Profits and losses are...
A:
To calculate Stumps share of the loss we need to consider his entitlements and share of the partner......
Q:
Before any end-of-year adjustments had been made, the trial balance of a business at 31 May 2004 included the following. At 31 May 2004 it was found that debtors included a bad debt of $650. It was...
A:
To determine the effect of these events on the Profit and Loss Account for the year ended May 31 200......
Q:
Match each of the key terms with the definition that best fits it. ____________ Software tools that provide automated support for some portion of the systems development process. Here are the key...
A:
The term that matches the definition Software tools that provide a......
Q:
Narayanan & Co. Ltd. purchased assets worth 28,80,000. It issued debentures in satisfaction of the purchase price. Calculate how many debentures will be issued: (a). In case the debentures are of 100...
A:
Lets calculate the number of debentures to be issued and prepare journal entries for each case a Deb......
Q:
1. Is it possible to do work on an object that remains at rest? 2. The net work done on an object is zero
A:
1 No it is not possible because Work distance x......
Q:
Which should drive action planning more, strengths or weaknesses? That is, is it more important to build on your strengths or to reduce your weaknesses? Explain.
A:
It should be noted that many job interviews contain questions about individual s......
Q:
One of the biggest decisions that any healthcare organization can make today is the selection of a new healthcare information system. With so many options available today, how would you go about...
A:
Selecting the right healthcare information system for a community hospital facility can be a complex process that requires careful consideration of va......
Q:
(a) Let Find vectors V1 = to 10 = = [13] S A = U= U = in R such that S is the transition matrix from {v1, v2} to {u, u}- (b) Let P4 be the vectors space of all polynomials of degree less than four....
A:
Click to View...
Q:
In Problems 4158, fill in the blank to form a correct inequality statement. If x < 5, then x - 5_ 0.
A:
If......
Q:
How would you distinguish between a logistics service provider, a value-added service provider, and a lead logistics provider? What role does each play in coordination of transportation and logistics...
A:
Logistics service providers these specialists perform key activities within the transportation funct......
Q:
Ricky Corporation had the following alphabetical account balance listing at December 31, 2017 (in thousands of dollars). Required: Prepare a balance sheet for Ricky Corporation at December 31, 2017....
A:
Ricky Corporation Balance Sheet As of December 31 2017 in thousands Liabilities and Stockholders Equ......
Q:
All trial lawyers are people with stressful jobs. Therefore, some trial lawyers are people with stressful jobs. Use the modern square of opposition to determine whether the following immediate...
A:
Click to View...
Q:
Indicate four signicant criteria that operational objectives should satisfy.
A:
The criteria that operational objectives should satisfy include t......
Q:
In a commercial real-estate market, the bid-ask spread is a whopping 20%. You bought a business property, held it for a month, and sold it. During that time, the bid price and ask price never...
A:
If the bidask spread is 20 then you will lose 10 of your initial investment when you buy the propert......
Q:
Ased on the information above, answer the following questions. a) Calculate the current ratio as at June 30, 2023. b) Does Cloutier Inc. have a good or bad current ratio? Explain why or why not. c)...
A:
Click to View...
Q:
Write a python program where the user is prompted to enter a salary and display the increased salary. Increased salary will be calculated based on the condition: If salary is greater than 70000, then...
A:
import math def increasedsalarySalary if Salary70000 val Salary S......
Q:
You have just been hired by Internal Business Machines Corporation (IBM) in their capital budgeting division. Your first assignment is to determine the free cash flows and NPV of a proposed new type...
A:
INCOME STATEMENT FOR 5 YEARS PROFITABILITY YR 1 YR 2 YR 3 YR 4 YR 5 SALES 2783790 3201359 35214944 3......
Q:
Considering the information provided below, what is the price of the one-year forward contract? Commodity: Wheat Contract Size: 3,000 bushels Each bushel is being traded at $4. Storing the 3,000...
A:
To calculate the price of a oneyear forward contract we need to consider the cost of storing the com......
Q:
In this project, you are required to initiate and lead applied research on your chosen area or field in relation to an organization (could be private, Govt or charity). You have to plan, conduct, and...
A:
Scenario Applied Research in Human Resources for a Private Tech Company 1 Clarifying Purpose and Requirements with Stakeholders Stakeholder 1 Human Resources Director Internal Stakeholder Meeting Evid......
Q:
A large part of FNBs success can be attributed to the successful project management approach the organisation employs to delivery. Draft a Business Case to justify the establishment of the ePMO for...
A:
A large part of FNBs success can be attributed to the successful project management approach the organisation employs to delivery Draft a Business Case to justify the establishment of the ePMO for FNB......
Q:
CBT manufactures and sells specialized baseball bats for $160 each. The breakdown of CBT's costs are: direct material $40; direct labour $24; variable manufacturing overhead $16; fixed manufacturing...
A:
To complete CBTs Income Statements using both the Contribution Margin Method variable costing and the Gross Margin Method absorption costing we need t......
Q:
Frames Ltd.produces 3 types of memory sticks (A, B, and C) in 3 factories (F1, F2, F3). The quantities produced per month are in the following table: Factory 1 (F1) Factory 2 (F2) Factory 3 (F3)...
A:
Click to View...
Q:
Financial markets are the forums in which buyers and sellers of financial assets such as stocks and bonds, and commodities such as grains, oil and gold, meet. Because there are uncertainties of...
A:
Introduction Businesses face a myriad of risks in their daily operations Contrary to common perceptions risks are not just external to the business A large number of risks in a business emanate from t......
Q:
In Exercises 516, find the focus and directrix of the parabola with the given equation. Then graph the parabola. y 2 = 4x
A:
4p 4 p 1 vertex......
AQA A2 Biology Students Book 1st Edition - ISBN: 0748798137 - Free Book