You would like to have $7,000.00 in 14 years for a special vacation following graduation by making
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You would like to have $7,000.00 in 14 years for a special vacation following graduation by making deposits at the end of each quarter in an annuity that pays 5.5% compounded quarterly. How much money should you deposit at the end of every quarter? How much of the $7,000.00 comes from deposits and how much comes from interest? Calculator of the $7,000.00 comes from your deposits and $ comes from interest, Round to the nearest penny and use rounded values for all future calculations.
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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