Question
Calculate the value of the following at the end of month 19. a) $150 every three quarters forever, starting at month 13, interest rate is
Calculate the value of the following at the end of month 19.
a) $150 every three quarters forever, starting at month 13, interest rate is 2% per quarter.
b) $90 per month, starting at quarter 7, ending at year 24, interest rate is 20% compounded quarterly.
c) Payment every two months, starting at the beginning of quarter 6, ending at the year 6, first payment is $180 and grows at 3% per month, interest rate is 18% compounded continuously.
d) $200 every three quarters forever, starting at month 5 and grow at 2% per quarter, interest rate is 16% compounded semi-annually.
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