Solved: How much will he receive if the money has earned interest, Accounting Basics

+44 141 628 6080
[email protected]

How much will he receive if the money has earned interest

Question - A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the original amount placed in trust was $40,000, how much will he receive if the money has earned interest at the rate of 8%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.)

compounded annually $

compounded quarterly $

compounded monthly $

Solution Preview :

Prepared by a verified Expert

Accounting Basics: How much will he receive if the money has earned interest

Reference No:- TGS02544782

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

How teenagers in an impoverished urban area spend their time

The purpose is to examine the psychological factors affecting how teenagers in an impoverished urban area spend their time outside of school using:

Problem on journal articles and non-journal materials

Amanda said? Excellent post, Chrystal. You provided great insight into the helpful resource ERIC digital library is. I appreciate how it states the information

Discussion about the nature versus nurture

In our readings, we learn more about the nature versus nurture argument. For this discussion, I want you to go in depth a bit more and debate the importance

Review a social, behavioral, or cultural factor

Bearing in mind that there may be several, choose a social, behavioral, or cultural factor associated with your selected domestic violence

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: How much will he receive if the money has earned interest

Reference No:- TGS02544782

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Is there evidence that the scores of high-progress readers

Q : Explain what are the advantages of dbscan clustering

Q : In addition cash spent for fixed assets during the period

Q : Whats wrong explain what is wrong with each of the

Q : How much will he receive if the money has earned interest

Q : Straight-line depreciation taken was 30000 calculate the

Q : Determine the corrected amounts for 2017 cost of goods sold

Q : The company requires a 40 profit margin on each unit if

Q : A small bootstrap example to illustrate the bootstrap