What is the future value of $ 1 , 0 0 0 , placed in a savings

Fantastic news! We've Found the answer you've been seeking!

Question:

What is the future value of $

1, 000,

placed in a savings account for four years if the account pays

7.00 %,

compounded quarterly?

(

Your answer should be correct to two decimal places.

)

Related Book For answer-question

Fundamentals Of Financial Management

ISBN: 9781111795207

11th Edition

Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston

See More Books

Posted Date: Apr 01, 2024 02:50 AM

See More Questions

For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
What is the future value of $1,101 invested for 9 years at 7 percent compounded annually? 2. What is the present value of $18,664 to be received 7 years from today if the discount rate is 7 percent?...
According to adaptive expectations theory, a decline in the short-run aggregate demand curve ____ the inflation rate and ____ the unemployment rate. a) decreases; increases b) increases; decreases c)...
How many grams of gold (Au) are there in 15.3 moles of Au?
Porter Corporation has fixed costs of $500,000, variable costs of $32 per unit, and a contribution margin ratio of 20 percent. Compute the following. a. Unit sales price and unit contribution margin...
The Pew Research Center for People and the Press interviewed 1,002 adult Americans and asked about the reason for a recent increase in sex scandals among elected officials. Fifty-seven percent of the...
Luna Company accepted credit cards in payment for $6,000 of services performed during July 2016. The credit card company charged Luna a 4 percent service fee; it paid Luna as soon as it received the...
Consider Failures Galore Inc using the following tables: Balance Sheet, Failures Galore, Inc.* Assets Liabilities and Equity Current assets $ 7,400,000 Accounts payable $ 2,000,000 Fixed assets, net...
A java program to keep the track of what has been searched ("robots", "fitness", "wearable") in column "clickthrough_url" (inputfile1.csv). Need to store input we search for and Search Criteria and...
What prints when the following code fragment is run runs? double x = 3; double y 5.0; x + 4.0 y; x - 2.0; cout "x" < < < x < < endl;
. Ashley received the following this year: Cash award for winning an "Academic Decathlon" Cash prize for winning a marathon Trip to the Bahamas from The Price is Right worth Scholarship that pays for...
James, 32 years old working as a manager of a universal bank is paid 80,000.00 per month. Aside from his monthly salary he also receives a total of 320,000.00 in bonus divided into 4 quarterly...
John Turner had been working as the finance director for the City of Detroit for more than five years, John was an excellent employee and represented the city well in all his financial and...
What is printed when the following code segment is run? Regular Polygon[] polygons (new Regular Polygon (3), new Regular Polygon (4), newRegular Polygon (5)}; for (Regular Polygon p: polygons) if...
Write on individual development plans (idps). Specifically, you are focusing on the following: How to create effective IDPs
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
Online electronics retailer Kogan has announced an initial public offering to raise $50 million, with plans to list on the ASX at the end of June. Kogan, founded in 2006, said it would have a market...
For each company below, fill in the missing data. Each company is independent. Sales Beginning finished goods Cost of goods manufactured Ending finished goods Cost of sales Income Statement Company X...
Innovative Computers Pty Ltd began manufacturing inexpensive computers for the student market on 1 July 2018. The variable costs of manufacturing each computer are as follows. During the year ended...

What is the future value of $ 1 , 0 0 0 , placed in a savings

Question:

Expert Answer:

We calculate the future value of the investment using the future value formula with quarterly ... View the full answer

Fundamentals Of Financial Management

Students also viewed these finance questions