Compounded semiannually. if he withdrew 2000 in months 3 7, Ask an Expert

Economics

At time=0, Michael deposited $10,000 into an account that pay interest at 8% per year, compounded semiannually. If he withdrew $2000 in months 3, 7, and 20, what was the total value of the account at the end of 2 years? Assume no interperiod compounding.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M975241

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question why would more accurate economic forecasting make

Question: Why would more accurate economic forecasting make it easier for policymakers to stabilize the economy? Describe two ways economists try to forecast developments in the economy. The response must be typed, singl ...

Question do two variations on the tycoon problem with 100

Question: Do two variations on the tycoon problem with 100 firms. In the first, all numbers are the same as in the text, except the probability that a company is good is now .4 instead of .6. How many winner firms will b ...

Question what are the economic differences during the time

Question: What are the economic differences during the time between Bush and Obama? What are the impacts of these differences on the national debt? The response must be typed, single spaced, must be in times new roman fo ...

Question the discussion answers must be a minimum of 125

Question: The discussion answer(s) must be a minimum of 125 words of substance with any references cited in APA format. No copying and pasting of work previously done for someone else. This week we are looking at industr ...

Question from 1992 to 1997 the unemployment rate in the us

Question: From 1992 to 1997, the unemployment rate in the US declined from 7.5% to 4.9%, while at the same time it rose from 8% to over 12% in continental western Europe. (A) What factors caused the unemployment rates to ...

Question explain if you feel society should attempt to

Question: Explain if you feel society should attempt to equalize income or economic opportunities. Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income inequal ...

Question suppose that the table presented below represents

Question: Suppose that the table presented below represents production and cost data from a single firm. The table displays the level of labor (L) and capital (K) chosen by the firm in each year from 2009-2017, along wit ...

Question this paper must only be written off of research

Question: This paper must only be written off of research. This cannot display stories of what happened to you or what happened to someone else. Make sure it is all research. Not opinions bust solid evidence of an argume ...

Question in october 2001 barry bonds of the san francisco

Question: In October 2001, Barry Bonds of the San Francisco Giants hit his record-setting 700th home run. After fan Alex Popov caught the ball, another fan, Patrick Hayashi, bumped him and grabbed the ball when he droppe ...

Question suppose and economy described by the solow model

Question: Suppose and economy described by the Solow model has the following production function: Y=K^0.4(LE)^0.6 a) For this economy what is f(k) ? b) Use your answer to part a). To solve for the steady state value of y ...

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

Recent Questions

Ask Microeconomics Expert