The following situations involve time value of money calculations: 1. A deposit of $7,000 is made on
Question:
1. A deposit of $7,000 is made on January 1, 2012. The deposit will earn interest at a rate of 8%. How much will be accumulated on January 1, 2017, assuming that interest is compounded
a. Annually,
b. Semiannually, and
c. Quarterly?
2. A deposit is made on January 1, 2012, to earn interest at an annual rate of 8%. The deposit will accumulate to $15,000 by January 1, 2017. How much money was originally deposited assuming that interest is compounded
a. Annually,
b. Semiannually, and
c. Quarterly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 a 7000 146933 10285 n 5 i 8 b 7000 14802...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
1+ Reviews
10+ Question Solved
Related Book For 
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
Question Posted:
