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skip A You plan to deposit $100 at the end of every four months for 15 years starting at the end of month 4. Then
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You plan to deposit $100 at the end of every four months for 15 years starting at the end of month 4. Then after leaving the money in the account for several years, you plan to withdraw everything 25 years from today. How much is available to withdraw at the end of year 25 if the account pays a nominal annual rate of 12% compounded every 4 months? Question 4 Part B: Identify the correct Function Notation for this scenario. O F = 100(F/A,3%,45)(P/F, 3%, 30) O F = 100(F/A,12%,15)(F/p, 12%, 10) O F= 100(F/A,3%,60)(F/p. 3%, 40) O F = 100(F/A,4%,45)(F/p, 4%, 30) You plan to deposit $100 at the end of every four months for 15 years starting at the end of month 4. Then after leaving the money in the account for several years, you plan to withdraw everything 25 years from today. How much is available to withdraw at the end of year 25 if the account pays a nominal annual rate of 12% compounded every 4 months? Question 4 Part C: Provide the final value for withdrawal at the end of year 25. Enter your answer in the form: 12345.67 Question 4 Part D: You plan to deposit $100 at the end of every four months for 15 years starting at the end of month 4. Then after leaving the money in the account for several years, you plan to withdraw everything 25 years from today. How much is available to withdraw at the end of year 25 if the account pays a nominal annual rate of 12% compounded every 4 months? Question 4 Part D: Provide a statement to your answer to Part C. The amount found in part C will be available to withdraw at the end of year 25 if the account pays a nominal annual rate of 12% compounded monthly. The amount found in part C will be available to withdraw at the end of month four if the account pays a nominal annual rate of 12% compounded every four months. The amount found in part C will be available to withdraw at the end of year 25 if the account pays a nominal annual rate of 12% compounded every 4 months. The amount found in part C will be available to withdraw it the account pays a nominal annual rate of 12% compounded monthly Step by Step Solution
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