Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Suppose you have $2,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 4% interest, compounded annually. How much will you have when the CD matures?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9867855

Have any Question?


Related Questions in Basic Finance

What is assumptions underlying single index model and why

What is assumptions underlying Single index model and why use thoes assumptions? Compare assumptions of Single Index Model with other formula?

Amelia currently has 1000 in an account with an annual rate

Amelia currently has $1,000 in an account with an annual rate of return of 4.3%. She wants to have $3000 for a trip to Canada when she graduates in 4 years. How much will she have to save each month to afford her trip?

What are the steps in the typical marketing research

What are the steps in the typical marketing research design/process? Name and define each step.

Suppose the schoof company has this book value balance

Suppose the Schoof Company has this book value balance sheet: The notes payable are to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. These bank loans are not used for seasonal ...

We have the following investments in our

We have the following investments in our portfolio: Investment                       Amount                             Expected Return             Beta A Stock                               $2,000                        ...

Why does eps decrease if a companies additional capital it

Why does EPS decrease if a companies additional capital it wants is obtained by issuing more shares? How would it affect a companies decision about issuing equity to try and raise their capital? What would be the firms d ...

These two companies are investigating similar projects but

These two companies are investigating similar projects (but not both projects) in which they will invest. The characteristics of the two systems are given below: Project 1                    Project 2 Initial Outlay (IO) ...

Consider three investors who need to partially liquidate

Consider three investors who need to partially liquidate investments to raise cash. In this case, all investments have been held for 3 or more years. Investor A waited for a $1,500 qualified dividend distribution from he ...

Assume that you put 37341 dollars in an account that earns

Assume that you put 373.41 dollars in an account that earns simple interest at a 13.2 percent annual rate. How much is in your account after 13 years from now?

You currently have 120000 in a bond account and 500000 in a

You currently have $120,000 in a bond account and $500,000 in a stock account. You plan to add $5,000 per year at the end of each of the next 10 years to your bond account. The stock account will earn a return of 10.5 pe ...

  • 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