Leslie McCormack is in the spring quarter of her freshman year of college.
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 20%, compounded quarterly. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
How much will she accumulate in three years by depositing $800 at the end of each of the next 12 quarters, beginning three months from now? (Round your interest rate to 1 decimal place.)
Homework Answers
rate positively..
| Computation of future value | |||
| Table to calculator function | |||
| Payment | 800 | ||
| n= | 12 | ||
| i= | 5.00% | =20%/4 | |
| Future value | $12,733.7 | ||
| ans = | $12,733.7 |
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Leslie McCormack is in the spring quarter of her freshman year of college.
Leslie McCormack is in the spring quarter of her freshman year of college. She and her...
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslle would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 6%, compounded quarterly (FV of $1. PV of $1. FVA of $1. PVA SI EVAD of $1 and PVAD...
Leslie McCormack is in the spring quarter of her freshman year of college
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 8 %, compounded quarterly. (FV of $1, PV of $ 1, FVA of $ 1, PVA of $ 1....
Leslie McCormack is in the spring quarter of her freshman year of college
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 16%, compounded quarterly. (FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and...
Leslie McCormack is in the spring quarter of her freshman year of college. she and her...
Leslie McCormack is in the spring quarter of her freshman year
of college. she and her friends already are planning a trip to
Europe after graduation in a little over three years. Leslie would
like to contribute to a savings account over the next three year in
order to accumulate enough money to take the trip. assume an
interest rate 14% compounded quarterly.
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Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslle would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 6%, compounded quarterly (FV of $1. PV of $1. FVA of $1. PVA SI EVAD of $1 and PVAD...
Leslie McCormack is in the spring quarter of her freshman year
of college. she and her friends already are planning a trip to
Europe after graduation in a little over three years. Leslie would
like to contribute to a savings account over the next three year in
order to accumulate enough money to take the trip. assume an
interest rate 14% compounded quarterly.
A: https://ezto mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Fm 110% art 2 Learn Sarved Help Leslie McCormack is in the spring quarter of...
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