ZuoTi.Pro
Question

Aninvestor contributes S761 00 per quarter, an account that pays 684% APR with quarterly compounding Thefist contit don wil be made nexd quarter. What is the future value of this account in 13 00 years? Answer Format: Currency: Round to: 2 decimal places. Enter Answer Here Submit Answer Prev Probilem All Problems Contact Us Privacy Policy Tems opyright 2019 Conlay Smith Publishing All Right reserved swered 4:11 pm
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

AS NOTHING WAS MENTIONED, IT IS SOLVED USING EXCEL. IF YOU NEED WITH FORMULA, WILL DO THAT ALSO. THANK YOU

ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

IT IS A CASE OF FUTURE VALUE OF ANNUITY deposit per quarter rate years 761 6.84% 13 EXCEL future value$ 62,969.88 FV(EM431/4,EM432*4,-EM430) FV(6.84%/4, 134,-761)

0 0
Add a comment
Know the answer?
Add Answer to:
Aninvestor contributes S761 00 per quarter, an account that pays 684% APR with quarterly compounding Thefist...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 22/23 An investor contributes $528.00 per quarter in an account that pays 5.28% APR with quarterly...

    22/23 An investor contributes $528.00 per quarter in an account that pays 5.28% APR with quarterly compounding. The first contribution will be made next quarter. What is the future value of this account in 5.00 years? Submit Answer format: Currency: Round to: 2 decimal places. A lender offers you a mortgage with an APR of 5.04% with monthly compounding. What is the effective rate of interest charged by the lender? Submit Answer format: Percentage Round to: 2 decimal places (Example:...

  • Dashboard Logout Help i Support CSePub Home Book Store Instructors Independent Authors About A young graduate...

    Dashboard Logout Help i Support CSePub Home Book Store Instructors Independent Authors About A young graduate looks to save money to buy a house 7.00 years from today. He is somewhat conservative and will invest his money in a bond fund that pays 4 00% APR with quarterly compounding The graduate invests $11,480.00 today. How much will his account be worth in 7.00 years? Answer Format: Currency: Round to: 2 decimal places. Enter Answer Here. Submit Answer ←Prev Problem tA표...

  • CSePub Home Book Store Instructors Independent Authors About A student is trying to value an internship...

    CSePub Home Book Store Instructors Independent Authors About A student is trying to value an internship opportunity for the upcoming summer. The internship will last three months and pay end of each month. She will also get a "signing bonus at the beginning of the internship for $400.00. If the student can invest this money in an accourt tat pays 8 40% APR wit, monthly compounding what she value ofher account at the end ofher internstig? her $2,342.00 at the...

  • CSePub Home Book Store Instructors Independent Authors Abo You have saved $23,695.00 for a three-year vacation...

    CSePub Home Book Store Instructors Independent Authors Abo You have saved $23,695.00 for a three-year vacation to Germany. You will monthly compounding while you live in Munich. You will make your withdrawals at the beginning of the month keep your money invested in an account paying 804% APR with What is the balance on the account after the first month? (This is the balance prior to the withdrawal for the second month) Answer Format: Currency: Round to: 2 decimal places....

  • CSePub Home Book Store Instructors Independent Authors A You have decided to save money for your...

    CSePub Home Book Store Instructors Independent Authors A You have decided to save money for your son's college tuition. You will put away $1,148.00 every six months for the ned 14.00 years. If the account will pay 600% AR with semi-annual compounding, what is the future value of this investment? (treat as regular annuity) Answer Format: Currency: Round to: 2 decimal places Enter Answer Here Submit Answer +Prev Problem t All Problems Next Problem Copyright 2019 Conley Smith Publishing All...

  • CSePub Home Book Store Instructors Independent Authors About A jet -setting lawyer plans on living large...

    CSePub Home Book Store Instructors Independent Authors About A jet -setting lawyer plans on living large on the French Rivera in retirement The lawyer anticipates living for 22.00 more years after reirement and will need $297,000.00 per year to support her life in the South of France. While retired, she will keep her money in a tax-free account that pays 200% per year How much money wil the lawyer need when she retires? (assume begreng ofthe year withdrawals) Answer Format:...

  • CSePub Home Book Store Instructors Independent Authors About A student is trying to value an internship...

    CSePub Home Book Store Instructors Independent Authors About A student is trying to value an internship opportunity for the upcoming summer. The internship will last three months and pay her $2,264.00 at the end of each month. She will also get a "signing" bonus at the beginning of the intenship for $675.00. If the student can invest this money in an acount that pays 8 40% APR with monthly compounding, what is the value of her account at the end...

  • CSePub Home Book Store Instructors Independent AuthorsAbout You are cosiderng ho home securty compares for your...

    CSePub Home Book Store Instructors Independent AuthorsAbout You are cosiderng ho home securty compares for your new house. The first company ofers hee nstalation and egapment, but wㅖ charge yo」S43300 per year for the next tve years The second company charges $725 00 fr nstalabon, but wil charge you S28200 per year for the ned live years Assume that payments are at the EPD ofthe year. Your personal interest rate is 400% What is the PV of the free installation...

  • CSePub Home Book Store Instructors Independent Authors About You are considering two home security companies for...

    CSePub Home Book Store Instructors Independent Authors About You are considering two home security companies for your new house. The first company offers free instalilation and equipment, but will charge you $415,00 per year for the next tive years. The second company charges 5760.00 for installation, but will charge you $217.00 per year for the nexd five years. Assume that payments are at the END ofthe year. Your personal interest rate is 60% What is the PV of the free...

  • CSePub Home Book Store Instructors Independent Authors About A very careful new father wants to set...

    CSePub Home Book Store Instructors Independent Authors About A very careful new father wants to set money aside for his batby daughter's wedding. If the wedding will take place in 21.00 years, he expects the wedding will cost $104,100.00. If the father can eam 11.00% APR with quarterly compounding on his investments, how much does he need to invest today to reach his goal? Answer Format: Currency: Round to: 2 decimal places. Enter Answer Here. Submit Answer -Prev Problem t...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT