Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Assume that 1 year from now; you will deposit $1,000 into a savings account that

pays 8%.

a. If the Bank compounds interest annually, how much will you have in your account 4 years from now?

b. What would your balance 4 year from now be if the bank used quarterly compounding rather than annual compounding?

c. Suppose you deposited the $1,000 in 4 payments of $250 each at Years 1, 2, 3, and 4. How much would you have in your account at Year 4, based on 8% annual compounding?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M938146

Have any Question? 


Related Questions in Basic Finance

1 what is experimental contamination2 does a nonequivalent

1. What is experimental contamination? 2. Does a nonequivalent groups pretest-posttest design eliminate local history as a potential explanation of the results? Explain.

Build on the design you created in question to test the

Build on the design you created in Question to test the hypothesis that the effects of watching violent TV shows will be greater for boys than for girls. (What kind of design is this?) Question Design a randomized groups ...

1 what are the criteria that investors should consider in

1. What are the criteria that investors should consider in determining whether to invest in load funds or no-load mutual funds? 2. List the major differences between a financial planner and broker. 3. What are the advant ...

The stock of bruin inc has an expected return of 22 percent

The stock of Bruin, Inc., has an expected return of 22 percent and a standard deviation of 35 percent. The stock of Wildcat Co. has an expected return of 14 percent and a standard deviation of 40 percent. The correlation ...

Choose a conceptual variable that can be considered to be a

Choose a conceptual variable that can be considered to be a trait of interest to you, and (after conducting a literature review) create a 20-item Likert scale to assess it. Administer the scale to at least 20 people. Com ...

What distinguishes the free cash flow of a firm from its

What distinguishes the free cash flow of a firm from its cash flow from operations? What is the relation between EBITDA and cash flow from operations? How can a negative free cash flow be considered good news? How can a ...

1 former federal reserve chairman alan greenspan once

1. Former Federal Reserve Chairman Alan Greenspan once argued that it is very difficult to identify bubbles until after they pop. What is a bubble, and why might bubbles be difficult to identify? 2. The British economist ...

You learn that your inheritance will allow you to receive

You learn that your inheritance will allow you to receive the amount of $5800 at the end of each year for a total of 12 consecutive years. However, because of your young age, these amounts will not begin until the end of ...

1 is the use of single-case studies a new approach to

1. Is the use of single-case studies a new approach to research in psychology? Explain. 2. Why do single-case researchers believe that the data from individual participants should not be combined, as when we compute a gr ...

1 why is specialization so critical to distribution

1. Why is specialization so critical to distribution efficiency? 2. Describe how the process of assortment overcomes the problems created by specialization. 3. Given the principle of minimum transactions, explain why it ...

  • 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