You deposit $1,500 at the end of every year for four years. How much will accumulate...
You deposit $1,500 at the end of every year for four years. How much will accumulate in four years if you earn six percent compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar.
Homework Answers
Amount at the end of 4 year = Annual deposit*Future value factor of 4 year at 6%
= $1500*4.3746
= $6562
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You deposit $1,500 at the end of every year for four years. How
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Present Value Computation You receive $3,000 at the end of every year for three years. What is the present value of these receipts if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. Previous Save Answers
please answer these within aboit 30-50 min thank you! QUESTION 3 Incorrect Mark 0.00 out of 1.00 P Flag ques...
please answer these within aboit 30-50 min
thank you!
QUESTION 3 Incorrect Mark 0.00 out of 1.00 P Flag question Future Value Computation You deposit $3,000 at the end of every year for three years. How much will accumulate in three years if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round your answer to the nearest dollar. $ 10,518 Check QUESTION 4 Not complete Marked out of 1.00 P Flag question Present Value Computation...
How much more would you need to deposit at the end of every month to accumulate...
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How much more would you need to deposit at the end of every month to accumulate $288,500 over 20 years if the interest rate earned is 5.0% compounded annually instead of 5.0% compounded monthly?
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Appendix A You invest $3,000 in a certificate of deposit that matures after eight years and...
Appendix A
You invest $3,000 in a certificate of deposit that matures after
eight years and pays 5 percent interest, which is compounded
annually until the certificate matures. Use Appendix A to answer
the questions. Round your answers to the nearest dollar.
How much interest will you earn if the interest is left to
accumulate?
$
How much interest will you earn if the interest is withdrawn
each year?
$
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Pete Frost made a deposit into his savings account 3 years ago and earned interest at...
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please answer these within aboit 30-50 min
thank you!
QUESTION 3 Incorrect Mark 0.00 out of 1.00 P Flag question Future Value Computation You deposit $3,000 at the end of every year for three years. How much will accumulate in three years if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round your answer to the nearest dollar. $ 10,518 Check QUESTION 4 Not complete Marked out of 1.00 P Flag question Present Value Computation...
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Pete Frost made a deposit into his savings account 3 years ago and earned interest at an annual rate of 8%. The deposit accumulated to $20,500. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? terly? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. (a) Annually (b) Semiannually (c) Quarterly
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