Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

Task: Solve the following using The Rule of 72. Show all work.

problem1. You anticipate earning 8% per year on your investment. When you invest $3000 today, how much will your investment be worth in the 9 years?

problem2. You desire to have $40,000 accessible to finance a trip around the world in 12 years. You estimate which you can earn 12% on your investment. How much do you require to deposit today to meet your goal?

problem3. A new Grady White fishing boat cost $5000 in 1979. Today, the extremely same boat costs around $40,000. Estimate the average annual inflation rate, by using the Rule of 72.

problem4. You invest $2000 today and anticipate earning 9% per year. How many years will it take for your investment to grow to $32,000?

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93603

Have any Question? 


Related Questions in Financial Accounting

Prior to the financial meltdown that occurred around 2008

Prior to the financial meltdown that occurred around 2008, bond-rating agencies were accused of unethical behavior because they were paid by the organizations that they rated. Many of these companies would shop around fo ...

1 describe the formal procedures associated with issuing

1. Describe the formal procedures associated with issuing long-term debt. 2. Describe the nature, type, and valuation of current liabilities. 3. Explain the accounting for different types of loss contingencies. 4. Explai ...

A as stated in the syllabus you are guaranteed a minimum

a. As stated in the syllabus, you are guaranteed a minimum grade based on your class ranking. This class ranking is based in part on your class participation and excludes your homework assignments. Using relevant class c ...

Discussion 4answer in 2-3 paragraphs and use

DISCUSSION 4 ANSWER IN 2-3 PARAGRAPHS AND USE SCHOLARLY SOURCE(S) Using the U.S. Securities and Exchange Commission's EDGAR database, select a public company that has consolidated subsidiaries. To minimize the chances of ...

Project part i peyton approved - budget variance reportyou

Project Part I Peyton Approved - Budget Variance Report You are a manager for Peyton Approved, a pet supplies manufacturer. This responsibility requires you to create budgets, make pricing decisions, and analyze the resu ...

1 write the journal entries for the following transactionsa

1) Write the journal entries for the following transactions: a) The company acquires $200 of inventory on accounts (does not pay cash) b) The company sells $125 of the $200 inventory purchased in transaction (a) above. T ...

What projects can restore the rights and dignity of people

What Projects can restore the rights and dignity of people and societies who may be, or are forced into motion due to social injustices, politics, economic pressures, climate change and war.

Definedescribediscuss database fields records tables

Define/Describe/Discuss Database (Fields, Records, Tables, Database) and Database Management Define/Discuss/Describe ERD: Relationships, Primary Keys, Foreign Keys, Cardinality, etc. Provide Examples. Define/Describe/Dis ...

Assignmentauerbach enterprises manufactures air

Assignment Auerbach Enterprises manufactures air conditioners for automobiles and trucks manufactured throughout North America. The company designs its products with flexibility to accommodate many makes and models of au ...

Assignmentthe company is premier inc that needs to be usedi

Assignment The company is Premier Inc. that needs to be used. I will need a 3-4 pageanalysis and a Power Point presentation (no more than 10 slides) Write your paper, read carefully, and consider possible edits and chang ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro