1 answer

(Related to Checkpoint 5.2) (Compound interest with non-annual periods) You just received a bonus of $4,000....

Question:

(Related to Checkpoint 5.2) (Compound interest with non-annual periods) You just received a bonus of $4,000. a. Calculate the

(Related to Checkpoint 5.2) (Compound interest with non-annual periods) You just received a bonus of $4,000. a. Calculate the future value of $4,000, given that it will be held in the bank for 10 years and earn an annual interest rate of 7 percent. b. Recalculate part (a) using a compounding period that is (1) semiannual and (2) bimonthly c. Recalculate parts (a) and (b) using an annual interest rate of 14 percent d. Recalculate part (a) using a time horizon of 20 years at an annual interest rate of 7 percent. e. What conclusions can you draw when you compare the answers in parts (c) and (d) with the answers in parts (a) and (b)? a. What is the future value of $4,000 in a bank account for 10 years at an annual interest rate of 7 percent? (Round to the nearest cent.) A

Answers

F G H Amount Interest Rate Number of years Compounding period (in a year) Number of period 4,000 1.17% 10 6 50 Future Value $

.

Similar Solved Questions

1 answer
Problem 9-25 Critiquing a Variance Report; Preparing a Performance Report (L09-1, LO9-2, L09-3, LO9- 4, LO9-6]...
Problem 9-25 Critiquing a Variance Report; Preparing a Performance Report (L09-1, LO9-2, L09-3, LO9- 4, LO9-6] Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the fac...
1 answer
Describe a Turing machine that decides L5 = {0^3^n |n ∈ N} – the language consisting...
Describe a Turing machine that decides L5 = {0^3^n |n ∈ N} – the language consisting of all strings of zeroes whose length is a power of 3....
1 answer
11 Question (3 points) e See page 253 Use the data in the table below to...
11 Question (3 points) e See page 253 Use the data in the table below to answer the following questions: AHf (kJ/mol) Compound CH3NH2(A -23.0 O2(8) 0.0 CO2lg) -393.5 NO2(8) 33.2 H2O( -285.8 1st attempt Part 1 (1.5 points) See Periodic Table Feedback See Hint Methanol and methyla mine are both combus...
1 answer
Intro Bubble Tree Inc. had a taxable income of $380,000 last year. Its average tax rate...
Intro Bubble Tree Inc. had a taxable income of $380,000 last year. Its average tax rate is 27% and it paid out $120,000 in dividends to preferred stockholders. The company has 16,000 shares of common stock outstanding. Part 1 IS Attempt 1/10 for 10 pts. What were Bubble Tree's earnings per share...
1 answer
Question 11 (Total 7 marks) Consider the basketballer throwing the basketball. The initial velocity is 16...
Question 11 (Total 7 marks) Consider the basketballer throwing the basketball. The initial velocity is 16 m/s. Calculate the time taken for the ball to reach the basket, and the distance, R, of the basketballer from the basket: Vi = 16 m/s 400 3.05 m 2.0 m R not to scale (7 marks)...
1 answer
1. Given A = arcsin and cos B= 1 31 3' 2 <B<21 Find the exact...
1. Given A = arcsin and cos B= 1 31 3' 2 <B<21 Find the exact value of sin(A+B)....
1 answer
How do you use the limit definition to find the slope of the tangent line to the graph #f(x)=sqrt(x)# at x=4?
How do you use the limit definition to find the slope of the tangent line to the graph #f(x)=sqrt(x)# at x=4?...
1 answer
Which of the following is the strongest acid? I am not sure of the answer I...
Which of the following is the strongest acid? I am not sure of the answer I selected. Please help. Thank you. Which of the following is the strongest acid? IV. IL CI V....
1 answer
One of the five elements of emotional intelligence is self-awareness. Explain why emotional intelligence is crucial...
One of the five elements of emotional intelligence is self-awareness. Explain why emotional intelligence is crucial for effective leadership. Discuss what behaviors someone with a high degree of self-awareness would demonstrate within the context of leading and managing groups. Provide an example....
1 answer
What is the future value (in $) of cash flows 1-3 at the end of year...
What is the future value (in $) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate (compounded annually)? End of year Cash flow 1 $600 2 829 3 710 4 3,500 5 1,250 6 4,530 7 2,350...
1 answer
Find the volume of the solid generated by revolving the region bounded by the graphs of...
Find the volume of the solid generated by revolving the region bounded by the graphs of the equations about the x-axis. 1 y = 8x + y = 0 X=0 X = 9...
1 answer
How do you simplify #-2sqrt(294)#?
How do you simplify #-2sqrt(294)#?...
1 answer
Exercise 3-9 This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $33,540 in...
Exercise 3-9 This information relates to McCall Real Estate Agency. Oct. 1 Stockholders invest $33,540 in exchange for common stock of the corporation 2 Hires an administrative assistant at an annual salary of $41,520. 3 Buys office furniture for $3,690, on account. 6 Sells a house and lot for E. C....
1 answer
Nickel sulfite can be prepared by the following reaction: 2 Ni (s) + 1/4S8 (s) +...
Nickel sulfite can be prepared by the following reaction: 2 Ni (s) + 1/4S8 (s) + 3 02 (g) → 2 NISO: (s) A.Hº = ? Use appropriate data from the following listing to determine A,Hº for this reaction. 1: NISO: (s) → NIO (s) + SO2 (g) AH° = 1000 kJ ll: % S8 (s) + O2(g) → SO2...
1 answer
For a mixture of 0.0786 moles of C2H4 and 0.1214 moles of CO2 in a 700.0...
For a mixture of 0.0786 moles of C2H4 and 0.1214 moles of CO2 in a 700.0 mL container at 40.0 °C, calculate the pressure using the experimental compression factor Z 0.9689. Calculate the fugacity coefficient for the gas system described in problem 2. 1110330488577949864 40226697112146077 86 29 3...
1 answer
We were unable to transcribe this imageX 1 Record a revolving credit agreement negotiated with Parish...
We were unable to transcribe this imageX 1 Record a revolving credit agreement negotiated with Parish Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $25.0 million at the bank's prime rate. can be le line o 2 Record a three-month bank loan o...
1 answer
Coffee shop uses 4 liters of milk every day. If there are 15 liters of milk in the refrigerator, after how many days will more milk need to be purchased?
Coffee shop uses 4 liters of milk every day. If there are 15 liters of milk in the refrigerator, after how many days will more milk need to be purchased?...
1 answer
15. Consider the initial value problem Ut + uur = 0, IER, t > 0, S...
15. Consider the initial value problem Ut + uur = 0, IER, t > 0, S 1-22, 251, u(3,0) = 10 (x) > 1. Sketch the characteristic diagram. At what time ty does the wave break? Find a formula for the solution....