Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer evertthing and all parts to the question as this is my last question i can post and have a strict deadline !!!!!! What

please answer evertthing and all parts to the question as this is my last question i can post and have a strict deadline !!!!!!
image text in transcribed
image text in transcribed
image text in transcribed
What is the maturity value of a 7 -year term deposit of $8094.21 at 2.7% compounded annually? How much interest did the deposit earn? The maturity value of the term deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) An investment of $3999.02 earns interest at 2% per annum compounded quarterly for 4 years. At that time the intorest rate is changed to 4.5% compounded annually. How much will the accumulated value be 2.5 years after the change? The accumulated value is 5 (Round the final answor to the nearest cent as needed. Round all intermodiate valuos to six decimal places as needed.) A debt of $6226.92 is due August 1,2022 . What is the value of the obligation on February 1,2015 , if money is worth 7% compounded annually? The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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_2

Step: 3

blur-text-image_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

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

20th Edition

1292399805, 978-1292399805

More Books

Students also viewed these Accounting questions

Question

=+5. What are the six main categories of nonverbal signals? [LO-5]

Answered: 1 week ago

Question

Describe Balor method and give the chemical reaction.

Answered: 1 week ago

Question

How to prepare washing soda from common salt?

Answered: 1 week ago