If you want to have $18000 in an account after 34 years, how much should you...
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If you want to have $18000 in an account after 34 years, how much should you deposit twice a year into the account if it pays 4.3% interest compounded semiannually? Identify your variables: A = 18000 T= 0.043 O A = PMT Which is a correct formula for solving this problem? ○ A = P(1 + 1)² n (1 + :-)nt OPMT A n (1 + 2 ) m² - b ±√b²-4ac 2a n = 2 Next Question Solve for the amount of money in the account: = 34 OA = Pert OP= PMT OPMT = Po OI-Prt 1 − (1 + ) (¹-(-+--~-~~) n 11 (1 + £ ) nt If you want to have $18000 in an account after 34 years, how much should you deposit twice a year into the account if it pays 4.3% interest compounded semiannually? Identify your variables: A = 18000 T= 0.043 O A = PMT Which is a correct formula for solving this problem? ○ A = P(1 + 1)² n (1 + :-)nt OPMT A n (1 + 2 ) m² - b ±√b²-4ac 2a n = 2 Next Question Solve for the amount of money in the account: = 34 OA = Pert OP= PMT OPMT = Po OI-Prt 1 − (1 + ) (¹-(-+--~-~~) n 11 (1 + £ ) nt
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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