1. How much would you have to pay into an account at the beginning of every...
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1. How much would you have to pay into an account at the beginning of every 6 months to accumulate $12000 in 8 years if the interest is 7% compounded quarterly? [4 marks] 2. The Wombat company pays a dividend of $3.26 every three months per preferred share. What is the expected market price per share if money is worth 7% compounded semi annually? (6 marks] 1. How much would you have to pay into an account at the beginning of every 6 months to accumulate $12000 in 8 years if the interest is 7% compounded quarterly? [4 marks] 2. The Wombat company pays a dividend of $3.26 every three months per preferred share. What is the expected market price per share if money is worth 7% compounded semi annually? (6 marks]
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