1 answer

P5-1 (similar to) (Related to Checkpoint 5.2) (Future value) To what amount will $5,100 invested for...

Question:

P5-1 (similar to) (Related to Checkpoint 5.2) (Future value) To what amount will $5,100 invested for 9 years at 9 percent com

P5-1 (similar to) (Related to Checkpoint 5.2) (Future value) To what amount will $5,100 invested for 9 years at 9 percent compounded annually accumulate? $5,100 invested for 9 years at 9 percent compounded annually will accumulate to $. (Round to the nearest cent.)

Answers

We know that,

Future Value = Present value * (1+rate)^years

= 5100 * (1+ 0.09)^9

= $11076.66 Answer

Kindly do inform me in case you have any queries.

.

Similar Solved Questions

1 answer
The firm has net income of $3450 and total assets of $13,800. The payout ratio is...
The firm has net income of $3450 and total assets of $13,800. The payout ratio is 30 percent. What is thoe internal growth rate? a. 14.5% b. 17.896 21.3% 29,4% e. 33.3% C....
1 answer
Employee.h ---------- #include <stdio.h> #include <iostream> #include <fstream> class Employee { private: int employeeNum; std::string name;...
employee.h ---------- #include <stdio.h> #include <iostream> #include <fstream> class Employee { private: int employeeNum; std::string name; std::string address; std::string phoneNum; double hrWage, hrWorked; public: Employee(int en, std::string n, std::string a, std::string pn, do...
1 answer
Question 2 (1 point) A project requires an investment of $200 million today and will generate...
Question 2 (1 point) A project requires an investment of $200 million today and will generate in a year $300 million or $150 million with 0.6 and 0.4 probability, respectively. The risk-free rate is 5% and the Market risk premium is 7%. The project's systematic risk coefficient is 1.5. The proje...
1 answer
Chapter 10 Homework 0 Helps Management of Mittel Rhein AG of Köln, Germany, would like to...
Chapter 10 Homework 0 Helps Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: 14.28 points I...
1 answer
What is the standard form of #y=(2x-3)(x+5) #?
What is the standard form of #y=(2x-3)(x+5) #?...
1 answer
Pretend that you are planning on retiring in 30 years, and that you decide to open...
Pretend that you are planning on retiring in 30 years, and that you decide to open a retirement account and deposit an initial $5,000 in the account every year (Use the end of the year convention). Once you retire, you start making annual withdrawals of $50,000 from the account (again, use the end o...
1 answer
The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare...
The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Earnings of $35,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5...
1 answer
Cormwell Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and...
Cormwell Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: The Job Cost Record for Job #804 revealed that direct materials requisitioned forthe job totaled $1,250. The Job Cost Record also showed t...
1 answer
10. Submission In this question you will work with a hash table that uses double hashing. The hash table is size 11, the primary hash function is h(K)-K mod 11, and the secondary hash function is hp(...
10. Submission In this question you will work with a hash table that uses double hashing. The hash table is size 11, the primary hash function is h(K)-K mod 11, and the secondary hash function is hp(K)-(K mod9) +1 Take an empty hash table. Take your student number and split it into 4 2-digit integer...
1 answer
The pulse in the wrist is felt over which artery?
The pulse in the wrist is felt over which artery?...
1 answer
Determine the pH (to two decimal places) of a solution prepared by adding 239 mL of...
Determine the pH (to two decimal places) of a solution prepared by adding 239 mL of 0.750 M sodium dihydrogen citrate (NaC3H5O(COOH)2COO) to 3.99 g of sodium hydrogen citrate (Na2C3H5O(COOH)(COO)2). Assume the volume of the solution does not change and that the 5% approximation is valid. pKa=4.77...
1 answer
Journal entries for when books are open and when books are closed for 2019 Se At...
journal entries for when books are open and when books are closed for 2019 Se At December 31, 2019 Jackson, Inc. decided to change the depreciation method on its machinery from double-declining-balance to straight-line. The Machinery had an original cost of $100,000 when purchased on July 1, 2017. I...
1 answer
2. An investor makes single deposits into a mutual fund of $250 in year 2 and...
2. An investor makes single deposits into a mutual fund of $250 in year 2 and $250 year 4, respectively. In addition, the investor starts making annual deposits starting at $500 in year 6, increasing the deposit by $100 annually in year 7 through year 10 (ending annual deposit would the fore be $900...
1 answer
Spectroscopy: Choose the compound that matches the IR spectra (V) Part A Choose the compound responsible...
Spectroscopy: Choose the compound that matches the IR spectra (V) Part A Choose the compound responsible for the IR spectrum shown. wavelength (nn) 55 25 100P 35 45 7 11 12 13 14 15 16 nts 60 40 20 ey 400 3500 2000 IS00 600 1400 1200 s00 600 wanenamber (em Не .co,Me Previous MacBook Air ...
1 answer
Norton Industries, a manufacturer of cable for the heavy construction industry, closes its books and prepares...
Norton Industries, a manufacturer of cable for the heavy construction industry, closes its books and prepares financial statements at the end of each month. The statement of cost of goods sold for April follows: NORTON TNDUSTRIES Statement of Cost of Goods Sold For the Month Ended April 30 (5000 omi...