(Answered) You plan to investnbsp7033 now for 9nbspyears you believe

Finance

You plan to invest $7033 now for 9 years. You believe you can earn an average of 7% per year on this investment. What should your balance be at the end of this investment period (of 9 years)?

Of course, you will have been working with four decimals on all the calculations. But for your final answer entered below, round to the nearest dollar.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92695260
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

You are the project manager assigned to build and design a

You are the project manager assigned to build and design a parking garage. What might be an example of a lead you encounter when scheduling work activities?

You make 6000 annual deposits into a retirement account

You make $6,000 annual deposits into a retirement account that pays 10.3 percent interest compounded monthly. How large will your account balance be in 35 years?

Assume that your brother wants to buy shares of either

Assume that your brother wants to buy shares of either Company A or B and is looking for your advice on how to use the financial statements of the companies to make his investment decisions. Which information in the fina ...

Describe a bank accepted bill and explain the role of the

Describe a bank accepted bill, and explain the role of the acceptor, payee, drawer and discounter, in the context of bank accepted bills.

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.

1 you are analyzing a common stock with a beta of 28 the

1.) You are analyzing a common stock with a beta of 2.8. The risk-free rate of interest is 5 percent and the expected return on the market is 12 percent. What is the stock's equilibrium required rate of return? Round to ...

Social networking is a popular method of communication for

Social networking is a popular method of communication for individuals, businesses, and organizations of all kinds. Conduct some research online and identify how companies are utilizing some of the most popular social ne ...

In capital budgeting for a multinational company the

In capital budgeting for a multinational company, the starting discount rate to which risks stemming from foreign exchange and political factors can be added, and from which benefits reflecting the parent's lower capital ...

Project failure rates can be high and one contributing

Project failure rates can be high and one contributing factor can be the failure to plan. Seewhy projects fail, and find one resource that outlines how planning projects contributed to project failure. whatsyour perspect ...

Heliocorpular magnetics is currently valued at 32 per share

Heliocorpular Magnetics is currently valued at 32 per share. They are expected to pay a 3.20 dividend, because the dividend has been growing at 5% per year for the past 8 years. Find the dividend yield, the capital gains ...

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 Basic Finance Expert