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

Asignmentthe regal cycle company manufactures three types

Asignment The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow:   Total Dirt Bikes Mountain Bikes Racing Bik ...

Discussion financial conditionbullfor this discussion

Discussion: Financial Condition • For this discussion, assume the role of a financial manager in a company, and assume that you have just hired a new bookkeeper to join your team. You want to assess the new hire's unders ...

Assignemnta explain the term bank reconciliation and state

Assignemnt (a) Explain the term "bank reconciliation" and state the reasons for its preparation. (b) Ssemakula, a sole trader received his bank statement for the month of June 2001. At that date the bank balance was Sh. ...

Question 1 an advantage of the corporate form of business

Question 1. An advantage of the corporate form of business is _____. it is simple to establish the corporate tax rate is less than the personal tax rate corporations must pay dividends the shareholders are not responsibl ...

Assessmentpurpose this assessment is designed to allow

Assessment Purpose: This assessment is designed to allow students to demonstrate a higher level of understanding of accounting standards and theoretical and philosophical approaches, as they apply to the resolution of mo ...

Assignemntpart 1 the following information is available for

Assignemnt PART 1: The following information is available for GFI's maintenance cost over the last seven months. Use the high low method to estimate the fixed and variable components of its maintenance cost. Would this b ...

Assignmentsheetbend amp halyard casejack tar cfo of

Assignment Sheetbend & Halyard Case Jack Tar, CFO of Sheetbend & Halyard, Inc., opened the company's confidential envelope. It contained a draft of a competitive bid for a contract to supply duffel canvas to the US Navy. ...

Martin-pullin bicycle corp mpbc located in dallas is a

Martin-Pullin Bicycle Corp. (MPBC), located in Dallas, is a wholesale distributor of bicycles and bicycle parts. Formed in 1981 by cousins Ray Martin and Jim Pullin, the firm's primary retail outlets are located within a ...

Qualified stock purchaseabc corporation acquired 20 of xyz

Qualified Stock Purchase ABC Corporation acquired 20% of XYZ Corporation on January 2, April 1, June 1, October 1 and December 31 of the year 20x1. a. Has a qualified stock purchase taken place? How long does ABC Corpora ...

Financial accounting assignmentapa neededprocess cost

Financial Accounting Assignment APA NEEDED Process Cost Accounting Victory Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct ma ...

  • 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