Question: help please Assume that, starting next year, you will make deposits of $622 each year into a savings account. You will make a total of

help please help please Assume that, starting next year, you will make deposits of

Assume that, starting next year, you will make deposits of $622 each year into a savings account. You will make a total of 8 annual deposits. If the savings account interest rate is 15%, what is the present value of this savings plan? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57

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!

Please help me answer this multiple step question. A.) Assume that, starting next year, you will make deposits of $989 each year into a savings account. You will make a total of 6 annual deposits. If...

Assume that, starting next year, you will make deposits of $895 each year into a savings account. You will make a total of 9 annual deposits. If the savings account interest rate is 13%, what is the...

plz answer all if possible Assume that, starting next year, you will make deposits of $312 each year into a savings account. You will make a total of 8 annual deposits. If the savings account...

Question 12 10 pts Assume that, starting next year, you will make deposits of $336 each year into a savings account. You will make a total of 11 annual deposits. If the savings account interest rate...

Question 1 2 1 4 pts Assume that, starting next year, you will make deposits of $ 5 1 4 each year into a savings account. You will make a total of 5 annual deposits. If the savings account interest...

Question 12 10 pts Assume that, starting next year, you will make deposits of $411 each year into a savings account. You will make a total of 3 annual deposits. If the savings account interest rate...

Assume that, starting next year, you will make deposits of $497 each year into a savings account. You will make a total of 9 annual deposits. If the savings account interest rate is 8%, what is the...

Discuss the conflict between privacy and freedom of speech

Please provide two scenarios where asymmetric and symmetric would be used. What advantages does asymmetric encryption have over symmetric encryption? And what advantages does symmetric encryption...

If a product sells for $ 1 4 , variable costs are $ 6 and fixed costs are $ 2 0 0 , 0 0 0 , what would total sales have to be in order to break - even? Multiple Choice $ 1 , 6 0 0 , 0 0 0 $ 2 0 0 , 0...

Scheduling techniques for employees, machines Jobs in manufacturing are associated with A . frank b . gilbreth B . henry l . gantt C . f . w . harris D . elton mayo

=+2. What importance do strategic alliances in the media industry have? Name examples of successful alliances!

=+2. What are the drivers and catalysts of cross-media? Name six different drivers!

=+Question 1 Discuss Googles initial situation by means of the SWOT analysis with regard to Googles current financial circumstances. What kind of problem statement can be deduced?