Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jul 20, 2024

If you start making $195 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 11.25

If you start making $195 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 11.25 percent APR? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value annuity $ What is the present value of this annuity? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value annuity $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

12th edition

978-0131495388

Students also viewed these Finance questions

Question

41. LO.2 On April 20, 2013, Ralph purchased used equipment to be used in his farming business. The cost of the equipment is $150,000. Ralph does not elect immediate expensing under 179; nor does he...

Answered: 1 week ago

Question

★★★★★

Medicis Pharmaceutical Corp. makes Solodyn, a prescription oral antibiotic. Medicis warns physicians that "autoimmune syndromes, including drug-induced lupus-like syndrome," may be associated with...

Answered: 1 week ago

Question

★★★★★

Margin of Safety Kearney Company, operating at full capacity, sold 4 0 0 , 0 0 0 units at a price of $ 2 4 6 , 6 0 per unit during 2 0 Y 5 . Its income statement for 2 0 Y 5 is as follows Sales $ 9 8...

Answered: 1 week ago

Question

★★★★★

The lower and upper specifications for a software upgrade are 77 minutes and 81 minutes. Estimate the percentage of process output that can be expected to fall within the specifications. (Round your...

Answered: 1 week ago

Question

★★★★★

Early Historical Development of Applied Behavior Analysis In 1913, John B. Watson was the first American psychologist to call himself a "behaviorist." From 1913 to 1974, a series of events and...

Answered: 1 week ago

Question

★★★★★

Background: The owners of Viral Clean (Conner, Denise, Larisa, and Sam) are responsible for different components of the business. Each component has a legal implication. Report that discusses the law...

Answered: 1 week ago

Question

★★★★★

When determining the total cost of a contract a CISO must take into account the cost of the contract and __________. Question 12 options: Travel expenses Financing costs None of the listed choices...

Answered: 1 week ago

Question

★★★★★

1. Describe a creative work that has been subject to censorship or propaganda. This can be any type of work from any of the subject areas: visual arts, performing arts, or literary arts. 2. In what...

Answered: 1 week ago

Question

★★★★★

You will be folding a sheet of paper in half (direction doesn't matter) and recording the number of sections created after each step in a table. Before you fold the paper at all, how many sections...

Answered: 1 week ago

Previous Question Next Question