Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Tillie?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9873791

Have any Question?


Related Questions in Basic Finance

You decide to deposit 160521 dollars in an account that

You decide to deposit 1,605.21 dollars in an account that earns 10 percent annual interest (compounded annually). How much is in the account 10 years from now?

What is the standard hedge fund hf compensation structure

What is the standard hedge fund (HF) compensation structure and how do high watermark provision benefit or impose costs on HF investors?

Skyco corporation is considering a project with the

SkyCo Corporation is considering a project with the following expected NOCF's: Year   NOCFt 1 $390,000 2 $410,000 3 $385,000 A)  If the firm's WACC is 12.1%, and the project costs $850,000, what is the NPV? B)  What is t ...

What would be a potential investment strategy that would

What would be a potential investment strategy that would basically take advantage of the fact that we are currently in the longest bull market in a while and also that index investing has become really popular. (how does ...

Prepare a amortization schedule for a five-year loan of

Prepare a amortization schedule for a five-year loan of $71,000. The interest rate is 7 percent per year, and the loan calls for equal annual payments. YEAR BEGINNING BALANCE TOTAL PAYMENT INTEREST PAYMENT PRINCIPAL PAYM ...

The tucker family has health insurance coverage that pays

The Tucker family has health insurance coverage that pays 75 percent of out-of-hospital expenses after a deductible of $520 per person. If one family member has doctor and prescription medication expenses of $1,700, what ...

Noel and noelle are thriving young professionals noel earns

Noel and Noelle are thriving young professionals. Noel earns $75,000 as a financial planner and Noelle earns $85,000 as an occupational therapist. They have no children. Both Noel and Noelle are covered by an employer sp ...

1 construct an amortization schedule for the 300000 loan

1. Construct an amortization schedule for the $300,000 loan with a 3.5% interest rate compounded monthly. The loan will be paid back in 15 years making monthly payments.  Identify the principal and interest payment of ea ...

Question - sports and leisure - the daytona 500 often

Question - Sports and Leisure - The Daytona 500, often referred to as The Great American Race, is a spectacular sporting event, complete with a pre-race show. Jimmie Johnson won this race in 2013, when the mean speed per ...

Question - your firm is contemplating the purchase of a new

Question - Your firm is contemplating the purchase of a new $670,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $50,000 at the end of ...

  • 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