# What Is Instructor Graded Assignment

614 Words 3 Pages

Compound Interest

In this and future Instructor Graded Assignments you will be asked to use the answers you found in the Unit 1 Assignment.

Note: For these questions you need to cite a reliable source for information, which means you cannot use sites like Wikipedia, Ask.com®, and Yahoo® answers. If you do use those sites the instructor may award 0 points for your response.

The Assignment problems must have the work shown at all times. The steps for solving the problems must be explained. Failure to do so could result in your submission being given a 0. If you have any questions about how much work to show, please contact your instructor.

Assignments must be submitted as a Microsoft Word® document and uploaded to the Dropbox for Unit 6. Please type all answers directly in this Assignment below the question it applies to.
Note: All interest rates are to be assumed to be yearly interest rates.

Question 1
(10 points)
1. You decide to invest \$15000 into a bank account that that is compounding its interest monthly. Assuming the bank is paying out an interest rate of the current prime rate - 1% (In the event that prime - 1% is less than 1%, use 1%), and the investment is for 5 years

a) How much money (total) do you have after the 5 years pass?

b) How much do you earn in interest over the 5 years?

Question 2
(10 points)
2. You wish to have \$500,000 saved up in 30 years. Assuming that you can get an interest rate of prime + 5% on your investment (compounded quarterly.)

a) How much do you need to invest today to have \$500,000 30 years in the future?

b) How much of that total is interest?

Question 3
(10 points)
3. You borrow \$50,000 at 5% interest (compounded daily).

a) After 1 year passes, you pay off \$25000 of the loan. How much do you still owe on the loan?

b) After another year passes, you wish to pay off the loan. How much do you need to pay to pay it off?

Essay
(15

## Related Documents

• ###### Case Study Syllabus

20945: T – TH: 3:00 – 4:15, Rm: B160. 20836: T – TH: 10:30 – 11:45, Rm: B160. | CAMPUS/ROOM | Room 231 – Mountain View Campus, Mornings. | CREDIT HOURS | 3 | PREREQUISITE | ENG 1101 with C or better. | INSTRUCTOR | Pedro R. Rivadeneira Ph.D. | FACULTY EMAIL | privadeneira@ChattahoocheeTech.edu | OFFICE HOURS | Online Mondays, Wednesdays and Fridays or any other time that works for you. | TEXTBOOK and other resources you will need. | Text…

Words: 4685 - Pages: 19
• ###### UMUC Policy On The Code Of Student Conduct

301, a hybrid course. My name is Professor Nancy M. Landreville and I have been teaching here at the University of Maryland, University College since February 2007. My phone number is (301) 401-0144. You may contact me by phone any evening during the week (Monday - Friday) from 7:00pm - 9:00pm. You may email me at any time at nancy.landreville@faculty.umuc.edu . I encourage you to use the private messaging area rather than the faculty email address. This will facilitate faster response to your course…

Words: 4666 - Pages: 19
• ###### Intermediate Accounting Case Study

understanding of financial accounting principles and procedures and their role in the managerial decision-making process, through (a) the textbook and other written materials, (b) discussion of accounting topics via Web conferencing and online case study assignments, (c) research on the World Wide Web, and (d) FARS / Financial Accounting Research System • present financial accounting processes, procedures, terminology, concepts, and case studies • provide a higher level of problem-analysis and problem-solving…

Words: 1824 - Pages: 8
• ###### Objective Tone Essay

Week 2: Writing Tips, Components of a Good Essay, and the Narrative Essay - Discussion Print This Page This week's graded topics relate to the following Student Learning Outcomes (SLOs): 1 Given a writing assignment with a purpose and a defined audience, use appropriate discovery and planning strategies to generate ideas and content (prewriting/planning - invention). 2 Given a writing assignment with a purpose and audience, organize the writing for the most effective delivery of…

Words: 2440 - Pages: 10
• ###### Art Statement: An Introduction To Art Concepts

Santa Ana College ART 100 ---- Winter Intersession 2016 --- Intersession INTRODUCTION TO ART CONCEPTS Instructor: Michael Fremont Redfield Email: redfield_michael@sac.edu Office Phone: 714-564-5600 Mobile Phone: 949-293-9737 Office Location: by appointment ART 100 --- Introduction to Art An introductory course for both the general interest and art major student: a survey of the nature and role of the visual arts in society. Art theory, art practices and an overview of art history…

Words: 1315 - Pages: 6
• ###### Objectives Of Case Analysis In Managerial Accounting

BUS 322.D1 – FALL 2012 INTERMEDIATE MANAGERIAL ACCOUNTING Tuesday, 11:30-14:20 (BLU 10021) Instructor Office Phone Email : : : : Tota Panggabean, BSc., MSF., MSEc. WMC 3353 (778)782.3563 tpanggab@sfu.ca Office hours : M 10.00-12.00 W 10.00-14.30 Or by appointment Toan Le WMC 3381 M: 14.00-15.30 Marker : Prerequisites Textbooks (Required) : : BUS 254; 60 credit hours. Cost Management and Control (2008): Custom Publication for Simon Fraser University, McGraw-Hill Ryerson Ltd. ISBN:…

Words: 844 - Pages: 4
• ###### Pass Fail System Case Study

Should College Courses be Graded "Pass/Fail?” This morning my son and I sat for a nice breakfast out on our patio to listen to the birds and enjoy the fresh air. Zack is fourteen years old and just finished his freshman year in high school. I posed a question to him, “What motivates you to get a better grade than a C on your assignments and exams?” Zack explained his motivation comes from trying to achieve an A because that’s the best and he tries hard to get the best grade. I then asked…

Words: 1037 - Pages: 5
• ###### Methods For Using Space And Time In Visual Art Case Study

Description Introduction to the place of visual art in modern society, to the vocabulary used in discussing a work of art, and the studio techniques artists use to produce two and three-dimensional works Prerequisite: None Proctored Exams: None Instructor Information Dr. Patricia Rooney, PhD American Studies-Visual Culture, St. Louis University M.A. Art History, Webster University parooney@cougars.ccis.edu Textbooks Frank, Patrick. Prebles’ Artforms…

Words: 5053 - Pages: 21
• ###### Strategic Leadership And Entrepreneurship Analysis

MGT 660 Full Course MGT660 All Week Discussions Click Link Below To Buy: http://hwaid.com/shop/mgt-660-full-course/ MGT 660 Week 1 Discussion 1 According to Porter, strategy is about trade-offs and choices. Select an example of your choice and elaborate on this statement. Do you agree or disagree? Use your example to support your position. MGT 660 Week 1 Discussion 2 Using your own words, define strategy. What is the strategy of the organization you currently work for, or one that…

Words: 2648 - Pages: 11
• ###### Importance Of Rules Of Netiquette

CONTENTS Ctrl & Click on a link below to view that section in the Syllabus. Course Calendar | Grading Criteria/Course Evaluation | Policies | Course Description | Instructor’s Grading Criteria/Timetable | Projects | Course Information | Instructor and Seminar Information | Rubrics | Course Materials | Kaplan University Grading Scale | Seminars | Course Outcomes | Netiquette | Tutoring | Discussion Boards | | | COURSE INFORMATION TOP Term: 1204B Dates: October…

Words: 4602 - Pages: 19