Question
a) If you deposit $407 into an account paying 05.00% annual interest compounded quarterly, how many years until there is $23,288? b) If you deposit
a) If you deposit $407 into an account paying 05.00% annual interest compounded quarterly, how many years until there is $23,288?
b) If you deposit $52,935 at 18% annual interest compounded quarterly, how much money would you have in the account in 5 years?
c) If you deposited $516 into an account paying 12.00% annual interest compounded monthly how many years until there is $15,700
d) What is the value today receiving a single payment of $38,142 in 2 years if your required rate of return on the investment is 27.00% compounded semi-annually?
e) If you deposit $987 at 04.00%annual interest compounded daily, how much money will be in your account after 4 years? (364 days in a year)
f) Suppose you deposit $703 today, $112 in one year, and $315 in two years into an account that pays an annual rate of interest of 11%. How much money will be in the account after 3 years?
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