Question: Bright Inc. will be receiving $ 5 , 2 0 0 at the end of every month for the next 4 years. If these payments

Bright Inc. will be receiving $5,200 at the end of every month for the next 4 years. If these payments were directly invested into a fund earning 7.00% compounded semi-annually, what would be the future value of the fund at the end of 4 years?
Round to the nearest cent. PLEASE ANSWER CORRECTLY ITS VERY IMPORTANT

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Bright Inc. will be receiving $5,300 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 6.50% compounded semiannually, what would be the...

Q:

Bright Inc. will be receiving $5,200 at the end of every month for the next 4 years. If these payments were directly invested into a fund earning 6.00% compounded semi- annually, what would be the...

Q:

(0) Bright Inc. will be receiving $5,400 at the end of every month for the next 3 years. If these payments were directly invested into a fund earning 6.50% compounded semi-annually, what would be the...

Q:

Bright Inc. will be receiving $ 5 , 4 0 0 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 6 . 5 0 % compounded semi - annually, what would...

Q:

Bright Inc. will be receiving $5,400 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 7.00% compounded semi-annually, what would be the...

Q:

Bright Inc. will be receiving $ 5 , 2 0 0 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 7 . 0 0 % compounded semi - annually, what would...

Q:

Bright Inc. will be receiving $5,500 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 6.00% compounded semi-annually, what would be the...

Q:

Bright Inc. will be receiving $5,400 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 5.50% compounded semi-annually, what would be the...

Q:

Bright Inc. will be receiving $5,300 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 7.00% compounded semi-annually, what would be the...

Q:

Bright Inc. will be receiving $ 5 , 3 0 0 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 5 . 5 0 % compounded semi - annually, what would...

Q:

Ommar Company has assembly department and testing department. the following is a summary of October 2020 Assembly department operations. Direct materials are added at the start of the process....

Q:

Provide common-size analysis of your companys income statement and balance sheet for the 2 most recent years (must be done using Excel with formulas). Provide horizontal analysis of your companys...

Q:

3 Solve these equations. a x 2 = 100 b x 2 = 144 c x 2 = 1 d x 2 = 0 e x 2 + 9 = 0

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

Masculinityfemininity: the extent to which it is appropriate to reward high task achievement in the job; the extent to which basic and overtime pay is structured; the extent to which commitment is...

Q:

Universalismparticularism: the extent to which rules concerning the allocation of salary and benefits are universally applied;

Q:

fit the organizational context in which they operate, such as the organizational mission, culture, environment, strategy and structure;