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

Assignemntrequireda download the spreadsheet for problemb

Assignemnt REQUIRED a. Download the spreadsheet for problem: b. Create formulas to calculate the following: • Accumulated depreciation (all assets use the straight-line method; all assets acquired any time during the yea ...

Compare and contrast two or more models of health leader

Compare and contrast two or more models of health leader assessment and evaluation and analyze the process of capturing metrics for this assessment and evaluation within a health organization. This question has to do wit ...

1 accrual income versus cash flow for a period thomas book

1. Accrual income versus cash flow for a period Thomas Book Sales, Inc., supplies textbooks to college and university bookstores. The books are shipped with a proviso that they must be paid for within 30 days but can be ...

Robert wondered why he was always so stressed out when he

Robert wondered why he was always so stressed out when he was dealing with Lucas, the latest addition to his team. On the face of it, the new hire seemed very agreeable and supportive, but whatever interactions he had ha ...

In chapter 4 we discussed the six sigma methodology for

In chapter 4 we discussed the six sigma methodology for process improvement (DMAIC). Give an example of how this process could be used to structure a spend analysis effort.

Using the data that follows and assuming cost of goods sold

Using the data that follows and assuming cost of goods sold is $273,700, prepare the cost of goods sold section of a merchandising income statement (periodic inventory system). Include the amount of purchases for the mon ...

Assignmentholden graham started the graham co a new

Assignment Holden Graham started The Graham Co., a new business that began operations on May 1. The Co. completed the following transactions during its first month of operations. H. Graham invested $43,500 cash in the co ...

Todays workforce is increasingly made up of part-time or

Today's workforce is increasingly made up of part-time or contingent employees. Is organizational culture important if the workforce is comprised of mostly temporaries

Assignemntprepare the 2015 federal tax return for mr herb

Assignemnt Prepare the 2015 Federal Tax Return for Mr. Herb Pu (SS# 576-11-0002) address 123 University Ave., Honolulu, HI 96833 With the following information: · Sold 100 shares of W Corp. for $6,250 on 7/1/15, Purchase ...

Describe six different subjects a risk manager should

Describe six different subjects a risk manager should include in a curriculum designed for physicians to engage them in patient safety practices. Describe what might be included in each of these modules. Before you do th ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen