What payment made at the end of every 6 months for 15 years will accumulate to $18000

Question:

What payment made at the end of every 6 months for 15 years will accumulate to $18000 if interest is 5% compounded semi-annually?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Sep 21, 2024 05:20 AM

See More Questions

Use the following timeline to answer the question(s) below. 0 1 2 3 $600 $1200 $1800 At an annual interest rate of 7%, the future value of this timeline in year 3 is?
Here is the case study: "Boston Red Sox Spring Training Decision Case Study" Based on your reading of the Red Sox Case, you're asked to read the case study's discussion questions and in your own...
Two moles of an ideal gas originally at T = 400 K and V = 40 L undergo a free expansion to twice their initial volume. What is (a) The entropy change of the gas, and (b) The entropy change of the...
What payment made at the end of every 6 months for 15 years will accumulate to $18000 if interest is 5% compounded semi-annually?
1. Draw a revised organization structure that will help PepsiCo attain the marketing integration it seeks. 2. In addition to implementing the new structure you have drawn, what steps can Beraud take...
3.7 Suppose that A>B>C>D and that the utilities of these altematives satisfy U(A)+ U(D)=U(B)+U(C). Is it true that U(21B+21C) is greater than U(21A+21D) because the former has a smaller variance? Why...
How much must be deposited at the end of each quarter for nine years to accumulate to $11 000 if interest is 4% compounded quarterly?
How much does a depositor have to save at the end of every three months for seven years to accumulate $3500 if interest is 3.75% compounded quarterly?
Each person in the group should read one of the strategy guides and summarize its suggested process for the group. Together, choose one of the guides to follow to create your strategy. P-6587
Geometry 2. AABC is acute-angled. (a) Explain why there is a square PQRS with P on AB, Q and R on BC, and S on AC. (The intention here is that you explain in words why such a square must exist rather...
1. SCP Corporation would like to purchase a bond that has a par value of P1,000, pays P80 at the end of each year in coupon payments, and has 10 years remaining until maturity. If the prevailing...
John decided to get some exercise yesterday using a local hiking trail. After driving to the local trail, John decided to track his distance from the car, parked in the trail parking lot, and time....
The assets and liabilities of a salesperson are listed below. Home Value $264,500 Retirement Portfolio $473,906 Credit Card Balances $58,236 Bank Loan $35,275 Mortgage $187,632 Car Value $22,750...
Access an online loan calculator with annual payments, such as the one at mycalculators.com, to produce an amortization schedule for Welton Corporations installment note that has original principal...
Slider block A starts with an initial velocity at t = 0 and a constant acceleration of 270 mm/s2 to the right. Slider block C starts from rest at t = 0 and moves to the right with constant...
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
Earnings per share can affect market prices of common stock. Can market prices affect earnings per share? Explain.
What is meant by the term anti dilution? Give an example.
What type of earnings per share presentation is required in a complex capital structure?
4 3 points eBook Hint Print References On May 1, Year 1, Love Corporation declared a $96,200 cash dividend to be paid on May 31 to shareholders of record on May 15. Required Record the events...
3. ANSWER: 18th November Determine the Cash Price of the following invoice on the next page if it is paid on January 8, 2019 Athletic Wholesale Ltd. 177 Main Avenue Peterborough, Ontario Invoice No:...
Mary buys a new car in 2021 at a cost of $56,000. She uses the car 80% for business. Assuming a half-year convention, bonus depreciation elected, but no Section 179 expensing, what is the 2021...

What payment made at the end of every 6 months for 15 years will accumulate to $18000

Question:

Step by Step Answer:

FV n 18 00000 i 25 n 30 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions