You make a one-time $2,000 deposit into an account which pays 7% compounded weekly. If you don't

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

Question:

You make a one-time $2,000 deposit into an account which pays 7% compounded weekly. If you don't touch the account for 6 years, what will be the final balance at the end of the term?

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books

Posted Date: May 13, 2024 06:27 AM

See More Questions

If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3 years? 2. How much must you invest at 12% interest, compounding quarterly, in order to see your investment,...
Iris expects to receive $1,000 at the end of each of the next three years. She will deposit these payments into an account that pays 10%, compounded semi-annually. What will be the future value of...
4. Jerry intends to use the money from his loan (and his personal savings if necessary) to make an investment in his friend Elaines business. In return, Elaine has predicted the following returns on...
Describe the major functions of marketing channels. Why are these functions better accomplished through the combined efforts of channel members?
Utilize this assignment to explore career options in the field of an "Human Resource Director." Please type at least one page in length about an Human Resource Director. Make sure your response...
Write a paper about industrialization after the civil war thesis and outline. After the civil war, the United States became a much more industrialized society. Between 1865 and 1920,...
Suppose that in the past, Canada and the United States were involved in a trade agreement whereby US softwood lumber consumers were able to purchase Canadian produced lumber. The initial demand and...
A company wanted to know if attending a course on "how to be a successful salesperson" can increase the average sales of its employees. The company sent six randomly selected salespersons to attend...
Suppose Russia's inflation rate is 40% over one year but the inflation rate in Japan is only 2%. According to relative PPP, what should happen over the year to the Japanese yen's exchange rate...
As a scholar of labour economics, you have inspired the possibility of education being a significant determinant of wages Upon learning about learning regression analysis using matrices, you realize...
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (1) Earnings per share Return on common stockholders' equity Return on assets Current ratio Accounts receivable turnover Average collection period...

You make a one-time $2,000 deposit into an account which pays 7% compounded weekly. If you don't

Question:

Expert Answer:

Okay lets calculate the final balance after 6 years with a 2000 ... View the full answer

Principles of Finance

Students also viewed these finance questions