Solved: You placed 9258 in a savings account today that earns an, Finance Basics

+44 141 628 6080
[email protected]

You placed 9258 in a savings account today that earns an

You placed $9,258 in a savings account today that earns an annual interest rate of 11 percent compounded annually. How much will you have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year.

Round the answer to two decimal places.

Solution Preview :

Prepared by a verified Expert

Finance Basics: You placed 9258 in a savings account today that earns an

Reference No:- TGS02185016

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Describe the alternative policies to tariffs it has been

describe the alternative policies to tariffs it has been said that tariffs generally lower world well being lowers the

Q : Design a fourbar linkage to move the object in figure p3-l3

design a fourbar linkage to move the object in figure p3-l3 from position 1 to 2 using points a and b for attachment

Q : For the next 6 years you decide to place 3494 in equal

for the next 6 years you decide to place 3494 in equal year-end deposits into a savings account earning 685 percent per

Q : What was the feds mistake in causing the great inflation of

what was the feds mistake in causing the great inflation of the 1970sthey mistakenly thought that the decrease in

Q : You placed 9258 in a savings account today that earns an

you placed 9258 in a savings account today that earns an annual interest rate of 11 percent compounded annually how

Q : One repsonse to the problems faced by countries that do not

one repsonse to the problems faced by countries that do not feel they are benefitting from trade is to have govt

Q : What is the present value of a 624 perpetuity discounted

what is the present value of a 624 perpetuity discounted back to the present at 963 percentthe answer should be

Q : In what setting do you practice how long have you been

the following guidelines must be followed when completing the professional interview and response assignment due in

Q : Briefly outline a typical asset structure and the intended

briefly outline a typical asset structure and the intended investment security options stocks bonds mutual funds

1949954

Questions
Asked

3,689

Active Tutors

1424371

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Identify ego psychology limitations

Identify Ego Psychology limitations when working with individuals diagnosed with depression (What are some potential weaknesses or

Defining characteristic of permissive-indulgent parents

What is a defining characteristic of permissive-indulgent parents? They are indifferent and uninvolved with their children.

How does instagram shape the ways we see our bodies

Question: How does Instagram shape the ways we see our bodies? Our gender?

Substance abuse program for teenagers struggling

Question: Substance abuse program for teenagers struggling with addiction. - e.g., what is the rationale or interest in this project?

Introduce the instrument you are focusing on

Introduce the instrument you're focusing on. Provide some background information about it and state why it's important in psychological assessment.

Areas mentioned specifically as wanting to join the eeu

Which of the following areas is mentioned specifically as wanting to join the EEU, even though the states they belong to may wish to be

How level of parental involvement impact middle school

How does the level of parental involvement impact middle school students' academic performance and overall educational experience?