Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6: (10 points) John made periodic deposits of $300 to Floor Bank, which pays 8% interest compounded semiannually. After 5 years, John makes no

image text in transcribed
Question 6: (10 points) John made periodic deposits of $300 to Floor Bank, which pays 8% interest compounded semiannually. After 5 years, John makes no more deposits. What will be the balance in the account 6 years after the last deposit? End of Questions 2% TALE 12-1 COMPOUND VALUR PERIOD OY 01 1.000 2 1.0404 3 1.0612 4 1.0024 5 1.1041 6 1.126 7 1.1487 . 1.1717 9 1951 10 2190 TAILE 1)-3 BEN YOND VALGE OP 01 1.0000 0.4951 0.336 0.2426 0.1922 0.1555 0.1345 0.1165 0.1025 0.0913 0.6822 0.0746 0.0001 0.0626 0.05TR 0.0537 0.0500 0.0467 0.0438 0.0412 0.0300 0.034 0.0347 2682 14 15 16 17 10 19 20 21 1.3195 1.3459 .3720 4282 1.4560 1.4859 .5157 1.5450 1.5762 1.6054 1.6406 1.6734 1.7069 1.7410 7750 24 25 TABLE 12-3 PRET VAL OF 61 0.1604 0.9612 0.9423 0.9057 0.88 0.8706 0.8535 0.3363 0.8203 0.8043 0.7885 0.7750 0.7579 0.7430 0.7200 0.7142 0.7002 0.6864 0.6730 0.6598 0.6660 0.636 0.6217 0.6095 0.5976 0.5859 0.5744 0.5631 0.5521 0.5412 0.5306 0.5202 0.5100 0.5000 0.4902 0.4806 0.4712 0.4613 0.4529 0.4440 0.6353 0.4260 0.4166 0.4102 0.4022 0.3963 0.3565 0.3790 0.3715 TABLA 13-1 TABLE 1-2 AMOURT OF PREST VALUE NUITY OF MODITY OF 01 OP 01 1.0000 0.9104 2.0200 1.9416 3.0604 4.3216 3.8077 5.2040 4.7134 6.3001 5.6014 7.4343 6. 4720 8.5829 7.3255 9.7546 8.1622 10.9497 12.1687 9.786 13.4320 10.5753 14.6803 11.3483 19.979 12.1062 17.2914 12.8492 10.639 33.5777 20.0120 21.4122 14.9920 14.2920 22.8405 15.6784 26.2973 16.3514 25.7832 17.0112 27.2980 17.6580 20.449 18.2922 30.4210 10.99 22.0302 29.5234 33.700 20.1210 35.3442 20.7069 37.0511 21.2012 38.7931 21.5443 40.5479 22.3964 42.3793 22.9371 46.2269 23.4583 46.1114 23.9285 68.0336 24.4985 49.9943 24.9986 $1.9942 25.488 54.0340 25.964 56.1147 26.4406 50.2370 26.9025 60.4017 27.3556 62.6090 27.7994 44.000 20.2347 67.1592 28.6615 69.5024 29.0799 71.8924 29.4901 74.3302 29.6923 26.016 30.2865 79.353 30.6731 31.9403 21.0520 14.5790 31.4236 0.0312 0.023 0.0270 0.0254 0.0247 20 OC 33 34 35 1.6845 1.9222 .9607 37 30 39 60 0.0226 0.0217 0.0200 0.0200 0.0192 0.0145 0.0178 0.0172 0.0166 0.0160 0.0154 0.0149 0.0144 0.0139 0.0135 0.0130 0.0126 0.0122 0.0110 2.1647 2.2000 2.2522 2.2972 2.363 2.3900 2.4970 2.4666 2.5363 2.5678 2.630 2.6916 42 43 4 46 49 50 3% TARLE 12-1 COMPOUND VALE or $1 1.030 1.0609 1.0927 TABLE 12-3 ET VALUS or 01 0.910 PERIOD TABLE 13-1 AMOUNT OF ANNUITY OF $1 1.000 . TABLE 1-3 PREET VALON OF MUITY OF 11 0.9709 1.9235 2.8206 TARR 1-3 STNKENS RED VALUE OF 61 1.0000 0.4926 0.3235 hi

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

A Guide To Auditing Programmes And Projects

Authors: Andrew Schuster, APM Assurance SIG

1st Edition

191330521X, 978-1913305215

More Books

Students also viewed these Accounting questions