John deposits $18,300 into an investment today that earns 7.2% compounded annually and maturing in 3.75...

 

Transcribed Image Text:

John deposits $18,300 into an investment today that earns 7.2% compounded annually and maturing in 3.75 years. D a) Compute the maturity value of John's investment. N = A/ P/Y=C/Y= PV = P/Y=C/Y= FV = b) Mary will wait until 18 months from today to make an investment that earns 4.9% compounded semiannually and maturing at the same time as John's investment. How much must Mary invest in 18 months in order to have the same maturity value? N= A/ PV = P FV = P A A John deposits $18,300 into an investment today that earns 7.2% compounded annually and maturing in 3.75 years. D a) Compute the maturity value of John's investment. N = A/ P/Y=C/Y= PV = P/Y=C/Y= FV = b) Mary will wait until 18 months from today to make an investment that earns 4.9% compounded semiannually and maturing at the same time as John's investment. How much must Mary invest in 18 months in order to have the same maturity value? N= A/ PV = P FV = P A A

Answer rating: 100% (QA)

PV 18300 T 72 n 375 f 1 Fv Pv 1 nf Fv FV 18300 1 0072 1 3TS FV ... View the full answer