FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much would you have to pay into an account at the beginning of every three months to accumulate $11,400.00 in 7 years, if interest

image text in transcribed
How much would you have to pay into an account at the beginning of every three months to accumulate $11,400.00 in 7 years, if interest is 12% compounded monthly? *** The payments would have to be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to siv darimal alan

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Innovation And Technology

Innovation And Technology

Authors: Nikos Vernardakis

1st Edition

0415676800, 978-0415676809

More Books

Students also viewed these Finance questions

Question

★★★★★
For following Exercises, write the value of each group of coins. To do so, it is usually easiest to start with the coin(s) of greatest value and end with the coin(s) of least value 1. 2. Name the...

Answered: 1 week ago

Question

★★★★★
Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.: B C D E A 1 Alert Security Services Co....

Answered: 1 week ago

Question

★★★★★
If the net holding of any share is negative, then it is referred to as: a. Available-for-sale (AFS) b. A long position c. A short position d. Trading securities

Answered: 1 week ago

Question

★★★★★
On February 4, Campbell Company sells inventory to a customer for $6,000. Terms of the sale are 1/15, net 30. On February 10, the customer returns $500 of merchandise. The customer pays on February...

Answered: 1 week ago

Question

★★★★★
Please help me writing algorithm using pseudocode that accumulates quotients of a series of 5 integer pairs provided by users. Need to use Python for loops and integer division.

Answered: 1 week ago

Question

★★★★★
Selected financial information for Carla Vista as at December31, 2021, follows:Accounts payable$210,000Land$103,000Accounts receivable190,000Licences60,000Accumulated depreciati 1 answer

Answered: 1 week ago

Question

★★★★★
Which crystal system(s) listed below has (have) the following interaxial angle relationship? Triclinic Cubic Rhombohedral Hexagonal Monoclinic Tetragonal Orthorhombic a == y = 90

Answered: 1 week ago

Question

★★★★★
A very specific aspect of IT Governance is Data Governance. 1. What's the term "Data Governance" and explain it. 2. Explain what a data governance committee does within a health care organization. 3....

Answered: 1 week ago

Question

★★★★★
The purpose of this assignment is to record the work you have done finding a topic, building research questions, and doing a rhetorical analysis for your paper. Place your three (3) research...

Answered: 1 week ago

Question

★★★★★
13. [Anti-gradients] Find the general anti-gradient, f, i.e. f was the original function, and you are given the gradient of the function. (a) Vf(x, y) = (6x+4y, 2+12xy) -2e-2, -6z + 1y) (b) Vf(x,y) =...

Answered: 1 week ago

Question

★★★★★
A load downward load P 250 N is applied at B. It is supported by two truss members with member BA at an angle of 8 = 50 from horizontal and member BC at an angle of 02 35 from vertical. Calculate the...

Answered: 1 week ago

Question

★★★★★
changes in the relative importance of various functions: production was slimmed, with a shift towards quality, reliability and differentiation; purchasing was slimmed as it is easier to handle...

Answered: 1 week ago

Question

★★★★★
a reduction in the workforce of enterprises which were deemed as overmanned, with an emphasis on efficiency and productivity; this had an impact on lower absenteeism and better work discipline;

Answered: 1 week ago

Question

★★★★★
economic policy which was socially directed and concerned with the good of society rather than the optimization of the economy;

Answered: 1 week ago

Previous Question Next Question