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Suppose you make deposits of $440 at the end of every six months for five years into an account earning 2.25 % compounded semiannually. After
Suppose you make deposits of $440 at the end of every six months for five years into an account earning 2.25 % compounded semiannually. After these five years you leave the money in the account, without making additional deposits for another thirteen years invested at the same interest rate of 2.25 % compounded semiannually. "How much will you have in the account after the first five years? (Round to the nearest cent.) N = 1/4 = % P/Y C/Y = PV = $ PMT= $ FV =$ How much will you have in the account after the entire eighteen years? (Round to the nearest cent.) N= Y = % P/Y=C/Y = PV = $ PMT = $ FV = $
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