Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If $1500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account
If $1500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account contain $60,000? (Round your answer UP to the nearest quarter.)
Previous Answers Submission 1 (0/1 points) Wednesday, December 1, 2021 07:32 PM EST If $5000 is deposited at the end of each half year in an account that earns 6.2% compounded semiannually, after how many half years will the account contain $200,000? (Round your answer UP to the nearest half year.) 26 x half years Submission 2 (0/1 points) Wednesday, December 1, 2021 07:34 PM EST If $5000 is deposited at the end of each half year in an account that earns 6.2% compounded semiannually, after how many half years will the account contain $200,000? (Round your answer UP to the nearest half year.) 25 X half years Submission 3 (0/1 points) Wednesday, December 1, 2021 07:40 PM EST If $5000 is deposited at the end of each half year in an account that earns 6.2% compounded semiannually, after many half years will the contain $200,000? (Round your answer UP the nearest year.) 13 x half years Submission 4 (0/1 points) Wednesday, December 1, 2021 07:40 PM EST If $5000 is deposited at the end of each half year in an account that earns 6.2% compounded semiannually, after how many half years will the account contain $200,000? (Round your answer UP to the nearest half year.) 13.21 x half yearsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started