Question
1. JohnLeessavingsaccounthasabalanceof$ 2192.After3 months,whatwilltheamountof interest beat 5.2% peryear? 2. Whatamountwillbeinanaccountafter1.5yearsif$4,000isinvestedat5%compounded semiannually? 3. Whatisthefuturevalueofanordinaryannuityattheendof3yearsif$200isdepositedeachquarterintoan accountearning6%compoundedquarterly? 4. Findthefuturevalueoftheordinaryannuity. PMT =$7,500,i =12%interestcompoundedsemiannuallyfor 2 years $23,877.00 $70,000.00 $157,809.62 $32,809.62
1. JohnLeessavingsaccounthasabalanceof$ 2192.After3 months,whatwilltheamountofinterestbeat 5.2% peryear?
2. Whatamountwillbeinanaccountafter1.5yearsif$4,000isinvestedat5%compounded semiannually?
3. Whatisthefuturevalueofanordinaryannuityattheendof3yearsif$200isdepositedeachquarterintoan accountearning6%compoundedquarterly?
4. Findthefuturevalueoftheordinaryannuity. PMT =$7,500,i =12%interestcompoundedsemiannuallyfor 2 years
| $23,877.00 | |
| $70,000.00 | |
| $157,809.62 | |
| $32,809.62 |
Allanborrowed$ 6400fromhisfathertobuyacar.Herepaidhimafter 10 monthswithinterestof 5%peryear. Findthetotalamountherepaid.
| $6,666.67 | |
| $266.67 | |
| $6,720.00 | |
| $6,640.00 |
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Accounting Information Systems
Authors: Jr Ulric J Gelinas, Ulric J Gelinas, Richard B Dull
8th Edition
0324663803, 9780324663808
