Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Suppose you have $5,000 in your bank account and plan to save $670 a month for the first 5 years and $12,225 a year for the next 5 years. You deposit your bank account balance of $5,000 into another account (A/c# 1) which earns you an interest of 8.25% compounded annually for 10 years. Your monthly savings of $670 are deposited into A/c# 2 which earns you an interest of 8.25% for the first 5 years. The balance at the end of the first 5 years earns 8.39% compounded monthly for the next 5 years. Your annual savings of $12,225 are deposited into A/c# 3, which earns you 8.39% compounded quarterly for 5 years. Compute the total FV of your investments 10 years from now.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M941945

Have any Question? 


Related Questions in Basic Finance

Do the following problems1calculate the following cross

Do the following problems 1. Calculate the following cross exchange rates: a. If the exchange rates are 200 yen per dollar and 50 US cents per Swiss Franc, what is the exchange rate of yen per franc? b. The dollar is tra ...

Why are two gate valves required in normal practice to form

Why are two gate valves required in normal practice to form a washout valve?

1 discuss the concept of bonds investment and advantages

1, Discuss the concept of bonds investment and advantages and disadvantages of investing in bonds. 2. If the interest rates were going to increase, explain which types and maturity of bonds should purchase and which type ...

What type of construction contract provides the greatest

What type of construction contract provides the greatest incentive for a construction contractor to minimize project cost?

Comment on the following frank calls his broker to complain

Comment on the following: Frank calls his broker to complain that the stock the broker sold him has fallen in value and Frank has lost a lot of money. The broker says: "Look, I made money and the brokerage firm made mone ...

Assignment -part a-the project involves writing a

Assignment - Part A- The project involves writing a commentary on Warren E. Buffett's Berkshire shareholder letter. The project is to be completed individually. Shareholder letters (1977 - 2014) will be randomly selected ...

Why does financial intermediation inherently involve

Why does financial intermediation inherently involve risk? Are FIs better at evaluating risks than you are? Why or why not?

1 assume that a public corporation has 10000000 shares

1. Assume that a public corporation has 10,000,000 shares outstanding. First, you are to create the necessary Balance Sheets and Income Statements and then calculate the annual Cash Flow from Assets (aka: CFFA or Free Ca ...

Xyz company paid a dividend of 437 in the past 12 months

XYZ company paid a dividend of $4.37 in the past 12 months, and it has a growth rate of 6.5 percent. The stock currently sells for $175. Calculate the required rate of return. Do not use a financial calculator or an onli ...

Some may state that we worry far too much about the format

Some may state that we worry far too much about the format and the correctness of business documents. Argue for the importance of making sure all business writings (presentations, memos, emails, letters, reports, etc...) ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate