Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

A client invested $20,000 in an interest bearing promissory note earning 9% anual rate of interest compounded monthly. How much will the note be worth at the end of 8 years assuming all interest is reinvested at the 9% rate?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9872508

Have any Question?


Related Questions in Basic Finance

What are the steps to find stock price in 15 years if abcs

What are the steps to find stock price in 15 years if ABC's next dividend is expected to be $6.16, its required return is 18%, its growth rate is 7%. How to find current stock price if ABC Company's last dividend was $0. ...

What is marketing discipline what is most peoples

What is marketing discipline? What is most people's perception of marketing discipline? Name an organization that has done a great job marketing. What did they do to make you feel this way?

Uses of capm capital assets pricing modelconsider investing

(Uses of CAPM, Capital Assets Pricing Model) Consider investing in machinery that costs $ 1000 and generates in one year $ 1300, $ 1,100 or $ 900 with equal probability. The company is financed with $ 40,000 of debt and ...

You are planning to make annual deposits of 4440 into a

You are planning to make annual deposits of $4,440 into a retirement account that pays 9 percent interest compounded monthly. How large will your account balance be in 32 years? (Do not round intermediate calculations an ...

A stock can be sold for 1425 the investment bank charges

A stock can be sold for $14.25. The investment bank charges $1.10 per share for creating and marketing the shares. If the last dividend was $.91 and the growth rate is 2.1%, what is the cost of new common stock financing ...

Project q costs 240 it provides inflows of 120 per year for

Project Q costs 240. It provides inflows of 120 per year for three years. The cost of funds is 6%. Find the replacement chain value needed to compare it to a six year project.

Industries recently commissioned management consultants to

Industries recently commissioned management consultants to estimate an appropriate rate for investment projects with the same risk as the firm. Unfortunately, part of the report was lost, and you have been asked to calcu ...

Matt johnson delivers newspapers and is putting away 15 at

Matt Johnson delivers newspapers and is putting away ?$15 at the end of each month from his paper route collections. Matt is 10 years old and will use the money when he goes to college in 8 years. What will be the value ...

Certain financial ratios for elizabeth arden for its most

Certain financial ratios for Elizabeth Arden for its most recent year below, along with the average ratios for its industry. Based on those ratio a. Does Arden seem to prefer to finance its assets with debt or with equit ...

Kano states that customer requirements are often found out

Kano states that customer requirements are often found out by gathering information on the voice of the customer. What tools are techniques are available to uncover the customers requirements using Kano?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As