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A company plans to make four annual deposits of $ 2 0 0 , 0 0 0 each to a special building fund. The fund's
A company plans to make four annual deposits of $ each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at on the fund's balance.
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
Determine how much will be accumulated in the fund after four years under each of the following situations:
The $ annual deposits are made at the end of each of the four years and interest is compounded annually.
The $ annual deposits are made at the beginning of each of the four years and interest is compounded annually,
The $ annual deposits are made at the beginning of each of the four years and interest is compounded quarterly.
The $ annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year.
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The $ annual deposits are made at the beginning of each of the four years and interest is compounded quarterly.
Note: Round your final answers to nearest whole dollar amount.
Deposit Fund Balance
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The $ annual deposits are made at the beginning of each of the four years and interest is compounded quarterly.
Note: Round your final answers to nearest whole dollar amount.
tableFirst deposit,table
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