Question
Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the end of each payment period. The interest rate and
Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the end of each payment period. The interest rate and the payment period information are given in the following table. How much will the company have after 5 years in the bank account? Assume each year contains 52 weeks/365 days, each quarter contains 13 weeks/90 days, each month contains 4 weeks/30 days.
$1500 will be paid... (PP) | Rate is 12 % per year with the compounding period below (CP) | Future Value At the end of year 5 |
14 | Quarterly | Semi Annually |
|
14-1 | Quarterly | Quarterly |
|
15 | Quarterly | Monthly |
|
16 | Quarterly | Weekly |
|
17 | Quarterly | Daily |
|
18 | Quarterly | Continuously |
|
19 | Monthly | Yearly |
|
20 | Monthly | Simi Annually |
|
21 | Monthly | Monthly |
|
22 | Monthly | Weekly |
|
23 | Monthly | Daily |
|
24 | Monthly | Continuously |
|
25 | Weekly | Yearly |
|
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