Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sandra deposits $3000 at the beginning of each semiannual period for 13 years at 8% interest compounded semiannually. Find the amount she will have on

image text in transcribedimage text in transcribedimage text in transcribed

Sandra deposits $3000 at the beginning of each semiannual period for 13 years at 8% interest compounded semiannually. Find the amount she will have on deposit. Use the accompanying future value table. PE: Click the icon to view the future value table. O A. $138,253.44 OB. $121,937.72 O C. $129,935.23 OD. $69,644.76 Future Value of $1.00 Ordinary Annuity Rate per period Periods 1.00% 1.50% 2.00% 2.50% 3.00% 4.00% 5.00% 6.00% 8.00% 10.00% 12.00% 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2 2.010 2.015 2.020 2.025 2.030 2.040 2.050 2.060 2.080 2.100 2.120 3 3.030 3.045 3.060 3.076 3.091 3.122 3.153 3.184 3.246 3.310 3.374 4 4.060 4.091 4.122 4.153 4.184 4.246 4.310 4.375 4.506 4.641 4.779 5 5.101 5.152 5.204 5.256 5.309 5.416 5.526 5.637 5.867 6.105 6.353 6 6.1526.230 6.308 6.388 6.468 6.633 6.802 6.975 7.336 7.716 8.115 7 7.214 7.323 7.434 7.547 7.662 7.898 8.142 8.394 8.923 9.487 10.089 8 8.286 8.433 8.583 8.736 8.892 9.214 9.549 9.897 10.637 11.436 12.300 9 9.369 9.559 9.755 9.955 10.159 10.583 11.027 11.491 12.488 13.579 14.776 10 10.462 10.703 10.950 11.203 11.464 12.006 12.578 13.181 14.487 15.937 17.549 11 11.567 11.863 12.169 12.483 12.808 13.486 14.207 14.972 16.645 18.531 20.655 12 12.683 13.041 13.412 13.796 14.192 15.026 15.917 16.870 18.977 21.384 24.133 13 13.809 14.237 14.680 15.140 15.618 16.627 17.713 18.882 21.495 24.523 28.029 14 14.947 15.450 15.974 16.519 17.086 18.292 19.599 21.015 24.215 27.975 32 393 15 16.097 16.682 17.293 17.932 18.599 20.024 21.579 23.276 27.152 31.772 37.280 16 17.258 17.932 18.639 19.380 20.157 21.825 23.657 25.673 30.324 35.950 42.753 | 16 17.258 17.932 18.639 19380 20157 21.825 23.657 25.673 30 324 35.950 42.753 17 18.430 19.201 20.012 20.865 21.762 23.698 25.840 28.213 33.750 40.545 48.884 18 19.615 20.489 21.412 22386 23.414 25.45 28.132 30.906 37.450 45.599 55.750 119 20.811 21.797 12.841 13.946 25.117 27.71 0.539 3760 41.446 51.159 63 440 20 32.019 13.124 24.297 15.45 26.870 29.778 3.066 36.786 45.762 57.275 72.052 21 13.239 24.471 5.783 27.183 28.676 31.969 5.719 39 993 50423 4 002 81699 22 24.472 25.838 27.199 28.863 30.74.248 38.505 43.392 5.457 71.403 92 503 23 25.716 27.215 28.845 30.584 32.453 36.618 41.430 6.996 60.893 79.543 14.603 24 26.973 18.634 30.422 2.349 34.426 9.083 4.502 50.816 66.76 8.497 118.155 25 28.243 30.063 32.030 4.158 36.49 41.46 47.27 4.865 73.106 98.347 133.334 26 29.526 31.514 33.671 36.012 38.553 4312 51.113 59.156 79954 109.182 150.334 27 30.821 32.987 35.34 37.912 40.710 47.084 4.669 8.706 7351 121.100 19.374 28 32 129 34.48L 37.051 39.860 42931 49.968 5.405 58.52 5339 134 210 190.699 29 33.450 35.999 38.792 41.856 45219 296 60325 3.640 103.96 148.631 214.583 30 34.785 37.539 40.568 43.903 47575 6.085 8. 49 9.058 113.283 164.494 241.333

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

Unlimited Business Financing

Authors: Trent Lee, Dr Chad Lee

1st Edition

1934275050, 9781934275054

More Books

Students also viewed these Finance questions