Michelle’s savings account earns 6% interest which is compounded semi-annually. For four years, she did not deposit or withdraw any money. Her account now has $633.39 in it. how much was initially deposited into the account
Q: MACRS stands for a. Modified Annual Cost Recovery System b. Modified Audited Cost Recovery System c....
A: As per Internal Revenue Service (IRS) depreciation is an income tax deduction which allows businesse...
Q: A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. The annuity provides ...
A: Time Period = 20 Years Interest rate = 5% Present Value = $180,000
Q: A manufacturing company has provided the following cost data for a recent period: Direct materials ...
A: Solution:- We know, prime cost means the total direct cost incurred by the entity during its product...
Q: Mr. Allen is a 65-year-old Jamaican tax resident. He is the director of a hotel, Allen’s Rest Well R...
A: The government frequently charges its citizens to help create and maintain a country's infrastructur...
Q: The bonds of a company have a face value of $1,000, pay an annual coupon of 7%, and have 5 years rem...
A: Yield to Maturity Yield to maturity refers to the total return of a bond that is expected by the i...
Q: 11 Fun with IRR. Suppose you have just graduated from college and are deciding on a career. Your fou...
A: "Hi, Thanks for the Question. Since you posted multiple sub parts question, we will answer first thr...
Q: Big Rock is listed on the local stock exchange and its stock has had mixed performance over the last...
A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first t...
Q: What is the equivalent effective rate of minal rate is 14.5%?
A: Nominal interest rate is interest rate without the impact of compounding but effective interest rate...
Q: Match the correct type of bank risk with the appropriate associated statement. 1.The possibility th...
A: Risk is referred as the possibility of the something bad happened. It also involves in an uncertaint...
Q: Name the departments, offices, or agencies that were created by the Dodd–Frank legislation.
A: he Dodd-Frank legislation officially became a law in year 2010 that aimed to put restrictions on the...
Q: A. Assume that you have completed your plans and proformas for the next year of operations. The upco...
A: A: Meaning of :: Weighted average cost of capital (WACC) - It is a calculation of firm's cost of cap...
Q: 1.5 Mr Mol plan investment with a months plus an additional N$2000 at the end of 240 months. Dete th...
A: A bond is defined as the financial instrument that is used to raise capital from the market at a sta...
Q: A protective put is a strategy in which the losses are limited on the bearish side, and the profits ...
A: Current stock price = 125.94 Exercise price X =125 June Put option Price (X =125) = 11.50
Q: The interest rate for the first five years of a $95,000 mortgage is 7.2% compounded semiannually. Mo...
A: Given, The mortgage loan is $95000 Rate is 7.2% Term of amortization is 25 years Prepayment is $300...
Q: st rates in the U.S. andeuro are 4% and 6% respectively and the spot rate for Euro ($/€) is $1.1550,...
A: According to interest rate parity the forward rate and spot exchange rate both should be in equilibr...
Q: Assume you sell short 100 shares of GE at P69 in July. You buy a September P70 call for P3.50 to pro...
A: The gain or loss is call is calculated as sum of loss on short position and the gain in call option ...
Q: a)Calculate Jane’s current retirement account balance on her 45th birthday. b)Based on your answer ...
A: Since you have asked a multiple sub part question, we will answer the first three subparts for you. ...
Q: The profit was first taxed in the corporate level and then taxed on the personal level. This is a. U...
A: A tax is a mandatory financial charge or other type of levy imposed on a taxpayer by a governmental ...
Q: Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $10,000 per ...
A: Given, Initial outlay of project L is $53,000. Expected cash inflows $10,000 per year.
Q: • A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What i...
A: Given, Payment is $900 Interest rate is 11%.
Q: I want to know how to calculate salvage value of the projects in this problem. Tnx
A: Salvage value is the end value of the equipment at which that equipment can be sold after proper usa...
Q: The risk of an investment project that may have (1) 10% chance of losing $1000; (2) 20% chance of ga...
A: P1 = 10%, Cashflow (C1) = - $1000 P2 = 20%, Cashflow (C2) = $200 P3 = 30%, Cashflow (C3) = $800 P4 =...
Q: the anhulty of the money which has fUture Wo ed monthly at the rate of 11%?
A: The future value of annuity includes the annuity amount deposited and interest accumulated over the ...
Q: An engineer invests $5000 at the end of every year for a 25 year career. If the engineer wants $2mil...
A: The interest rate earned in investment The amount of interest earned from assets that pay the holde...
Q: lodie payments for each of the following ordinary general annuities given the present or future valu...
A: Future value includes the amount deposited and interest accumulated over the period considering the ...
Q: Q1. Risk and Return Big Rock is listed on the local stock exchange and its stock has had mixed perfo...
A: Arithmetic mean and geometric mean is used in finance to find out the performance of an investment. ...
Q: Find the effective rate of the compound interest rate or investment. (Round your answer to two decim...
A: The effective rate of interest is calculated as: = [(1 + i)^number of periods] - 1
Q: There was a bit of concern about one of Big Rock's newer entities – Big Rock Paving Company. Managem...
A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first t...
Q: Big Rock has several investment portfolios with a local mutual fund company. One of the company's di...
A: The formula for the calculation of Sharpe ratio is as follows: Sharpe ratio=Expected return on portf...
Q: You expect a share of EconNews.Com to sell for $69 a year from now. If you are willing to pay $70.09...
A: Share price is the current price at which one share of the company is sold in the market. The expect...
Q: An rrsp is now worth $229,000 after contributions of $3000 at the beginning of every six months for ...
A: Worth of rrsp"Future Value" is $229,000 Paymant type is begining of the period. Semi annual Contribu...
Q: Nu Things, Inc., is considering investing in a business venture with the following anticipated cash ...
A: Given, A project which has initial investment of $70000. MARR on the project is 20%.
Q: i there can you assist on the following question below The following information was extracted from...
A: Net profit margin represents net profitability over sales and the firm's ability to profit from sale...
Q: Assume that you start with a balance of $3900 on your credit card. During the first month you charge...
A: Given, Starting balance is $3900. First month charge is $400. Second month charge is $650 Rate of in...
Q: What is the finance charge for this month?
A: Finance Charge: The finance charge represents the cost of borrowing or the cost of credit. Hence, i...
Q: future value. A Brazilian broker that is working with a group of Ecuadorian investors is currently i...
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified...
Q: R-Kraine Inc. is considering acquiring an existing project (with financial backin government). The p...
A: YTM the yield to maturity of bond is the discount rate at which the discounted value of coupon and p...
Q: Discuss the issues encountered in Worldcom scandal how the Sarbanes Oxley Act addressed those issues...
A: What was the WorldCom scandal? It was the major Accounting related scandal in history in 2002 at W...
Q: compute the cost of equity for this project 2. compute the relevant cost of debt for this project ....
A: Cost of Equity: It represents the cost of raising equity capital from the investors. The company pa...
Q: The ingredients forryour skillet brownie cost $1.89. You want your food cost percentage for this ite...
A: Food cost percentage is variable cost ratio. The minimum sales price will be calculated by dividing ...
Q: Discuss the meaning of "the present value of a future amount"? Give the equation for present value? ...
A: Money grow by the time and interest rate and future value of money is more than what today due to in...
Q: 1. Discuss the issues encountered in Enron Scandal and how the Sarbanes Oxley Act addressed those is...
A: What was the WorldCom scandal? It was the major Accounting related scandal in history in 2002 at Wor...
Q: Hi there can you please assist on the following below You have just graduated and landed a job as a...
A: Earning par share can be calculated by dividing the market price by earning per share. P/E ratio =Ma...
Q: The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution ma...
A: Contribution Margin is difference of Sales & Variable costs. Contribution Margin = (Sales - V...
Q: 5. A certain manufacturing plant is being sold and was submitted for bidding. Two bids were submitte...
A: The Present Value of a cash stream: A series of cash equal or unequal cash flows that occur regularl...
Q: A broker and a dealer are the same thing.
A: In the world of finance in general and in the world of investments in particular we often hear the w...
Q: Suppose the capital-gain tax rate is 22%, and the dividend tax rate is 35%. The share price of Kitty...
A: The dividends are to paid by the net income of the company and but there are taxes to be paid on the...
Q: Coepey OMEGA w tnBod d s The f l magwaking tp ofd d Sts A dyng the makt, e deded bond d os Cve wing ...
A: Bond Number of Bonds Type Coupon rate YTM Maturity Face value A 23 Discount bond 4.40% 8.00% 19 10...
Q: Calculate the effective interest rate per month for an interest rate of 14% in continuously compound...
A: Effective annual rate (EAR) refers to a real interest rate which an investor is expect from his inve...
Q: a. If the interest rate is 5.0% per year, approximately how long will it take for your money to quad...
A: As per Bartleby Honor Code, when multiple questions are asked, the expert is required only to solve ...
Michelle’s savings account earns 6% interest which is compounded semi-annually. For four years, she did not deposit or withdraw any money. Her account now has $633.39 in it.
how much was initially deposited into the account
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Sally is in the business of purchasing accounts receivable last year Sally purchased an account receivable with a face value of 83,000 for 60,000. During the current year, Sally settled the account, receiving 65,000. Determine the maximum amount of the bad debt deduction for Sally for the current year.Carlos opens a dry cleaning store during the year. He invests 30,000 of his own money and borrows 60,000 from a local bank. He uses 40,000 of the loan to buy a building and the remaining 20,000 for equipment. During the first year, the store has a loss of 24,000. How much of the loss can Carlos deduct if the loan from the bank is nonrecourse? How much does Carlos have at risk at the end of the first year?Eight years after opening her savings account, Macy had $7,880 in the account which earns annual simple interest. If Macy started with $5,000 in her account and did not make any additional deposits or withdrawals, what was the approximate annual interest rate on the savings account? 7.2% 8% 4.5% 19.7%
- Sally deposited $250 a month in her savings account for 36 months. For the next 6 years she made no deposits. What is the future worth in Sally’s savings account at the end of the 9 years, if the account earned 2% annual interest, compounded monthly?At age 18, Marcia started depositing $2000 per year at the end of each year into an account earning 12% annually. She did this for 8 years and then stopped. After that, she left the money in the account and it continued earning 12% interest compounded annually. How much money did she have at age 65?On June 1, Mia deposited $3,800 in an MMDA that pays 4% interest. On October 31, Mia invested $2,700 in a three-month CD that pays 6%. At the end of the year, how much interest will Mia have earned, assuming she hasn't taken anything out of the money market deposit account? Assuming she hasn't taken anything out of the money market deposit account, the amount of interest Mia will have earned is? (Round to the nearest cent)
- Irene makes six annual deposits of $2,000 in a savings account that pays interest at a rate of 4% compounded annually. Two years after making the last deposit, the interest rate changes to 7% compounded semiannually, after which the interest rate remained constant at 8% compounded continuously. Two years after the last deposit, the accumulated money is withdrawn from the account. How much is withdrawn?Heather deposited $1, 700 at her local credit union in a savings account at the rate of 9.8% paid as simple interest. She will earn interest once a year for the next 13 years. If she were to make no additional deposits or withdrawals, how much money would the credit union owe Heather in 13 years?Kim deposits $1,000 in a savings account. Four years after the deposit, half the account balance is withdrawn. Then, $2,000 is deposited annually for an 8-year period, with the first deposit occurring 2 years after the withdrawal. The total balance is withdrawn 15 years after the initial deposit. If the account earned interest of 8% compounded annually over the 15-year period, how much was withdrawn at each withdrawal point?
- Sammy Jo charged $1,000 worth of merchandise one year ago on her MasterCard. which has a stated interest rate of 18% APR compounded monthly. She made 12 regular monthly payments of $50, at the end of each month, and refrained from using the card for the past year. How much does she still owe?An individual deposited P35,000 and earns 3% interest compounded quarterly. After six years, how much money does she has in the bank if she does not withdraw any money and let her money grow in the bank?Jason makes six EOY deposits of $2,000 each in a savings account paying 5% compounded annually. If the accumulated account balance is withdrawn 4 years after the last deposit, how much money will be withdrawn?
