6.3 web assign
What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 7.2%, compounded semiannually, so that the account will have a future value of $150,000 at the end of 18 years? (Round your answer to the nearest cent.)
Homework Answers
\(R=\frac{150000}{\left[\frac{\left(1+\frac{0.072}{2}\right)^{2 \cdot 18}-1}{\left(\frac{0.072}{2}\right)}\right]\left(1+\frac{0.072}{2}\right)}\)
What is the size of the payments that must be deposited at the beginning of each...
What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 9.4%, compounded semiannually, so that the account will have a future value of $160,000 at the end of 18 years? (Round your answer to the nearest cent.) That is how the question reads? I'm all set on this one. thanks, it is 7051.77
answers only please How much must be deposited at the beginning of each year an account...
answers only please
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Just need the answers please $8000 is deposited at the end of each half year in...
Just need the answers please
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need corrections please ty answers only please A sinking fund is established by a working couple...
need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
Find the future value of the following annuity due. Then determine how much of this value...
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A young couple wants to have a college fund that will pay $25,000 at the end...
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Use Table 12-1 to calculate the future value of the following annuity due. Round your answer to the nearest cent. Click here for Table 12-1 Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value of the Annuity every month monthly $ Solve the following by using Table 12-1. Suntech Distributors, Inc., deposits $6,000 at the beginning of each 3-month period for 6 years in an account paying 6% interest compounded quarterly. Round your answers to...
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answers only please
How much must be deposited at the beginning of each year an account that pays 7%, compounded annually so that the account will contain $32,000 at the end of 5 years? (Round your answer to the nearest cent) $ Need Help? What is the size of the payments that be deposited at the beginning of each 6-month period in an account that pays 5.2%, compounded semiannually, so that the account will have a future value of $140,000...
Just need the answers please
$8000 is deposited at the end of each half year in an account that earns 6.7% compounded semiannually, after how many half years will the account contain $140,000? (Round your arvwer up to the nearest half year) half years Need Help? Find the future value of an annuity due of $900 each quarter for years at 9%, compounded quarterly (Round your answer to the nearest cont.) $ Need Help? Red Maverit Talk to Tutor Find...
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need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
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