Solution:
Future value = $3,300 * Cumulative FV factor at 3% for 15 periods of annuity due
= $3,300 * 19.1569
= $63,218
3 ances Knowledge Check 01 Dave plans to deposit $3,300 in an IRA account on April...
Knowledge Check 01 A friend asks to borrow $635.52 today and promises to repay you $1,000 with interest compounded annually at 12%. How many years (compounding periods) will pass before you receive the payment? (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of S1 and PVAD of S1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole year.) Number of years TABLE 1 Future Value of $1 FV =...
Dave plans to deposit $3,300 in an IRA account on April 15, Year 1. The account will earn 3% annually. If he repeats makes this $3,300 deposit on April 15 of the next 15 years, how much will he have on deposit on April 14, Year 16?
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Please write in the answer clear. Will leave like if its correct . Age Gen Sibs Work Exercise Units Mom 18 M 1 20 10 15 6 17 F 3 0 7 15 14 23 M 3 20 5 13 8 20 M 2 0 5 15 16 18 F 4 22 6 16 9 20 F 2 11 7 20 20 34 F 1 48 10 10 18 22 F 3 37 13 13 18 19 M 3 0...
Please write answers clear. I will leave like if its correct. Age Gen Sibs Work Exercise Units Mom 18 M 1 20 10 15 6 17 F 3 0 7 15 14 23 M 3 20 5 13 8 20 M 2 0 5 15 16 18 F 4 22 6 16 9 20 F 2 11 7 20 20 34 F 1 48 10 10 18 22 F 3 37 13 13 18 19 M 3 0 18 14...
Please write answers clear. Will leave like if its correct. Age Gen Sibs Work Exercise Units Mom 18 M 1 20 10 15 6 17 F 3 0 7 15 14 23 M 3 20 5 13 8 20 M 2 0 5 15 16 18 F 4 22 6 16 9 20 F 2 11 7 20 20 34 F 1 48 10 10 18 22 F 3 37 13 13 18 19 M 3 0 18 14 18...
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