How much the future value of money if you deposit $4.000 each begining of quarter for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
How much the future value of money if you deposit $4.000 each begining of quarter for the next 3 years. Compound quarterly with 12% annual interest rate FVIFA PERIOD 3% 1.000 2.030 3.091 12% 1.0000 2.1200 3.3740 1 2 4. 4.184 4.7790 5.309 6.468 6.3530 6 8.1150 7.662 8.892 10.0890 12.3000 14.7760 8 9 10.159 11.464 17.5490 20.6550 10 11 12.808 24.1330 28.0290 12 14.192 15.618 17.086 13 14 32.3930 How much the future value of money if you deposit $4.000 each begining of quarter for the next 3 years. Compound quarterly with 12% annual interest rate FVIFA PERIOD 3% 1.000 2.030 3.091 12% 1.0000 2.1200 3.3740 1 2 4. 4.184 4.7790 5.309 6.468 6.3530 6 8.1150 7.662 8.892 10.0890 12.3000 14.7760 8 9 10.159 11.464 17.5490 20.6550 10 11 12.808 24.1330 28.0290 12 14.192 15.618 17.086 13 14 32.3930 How much the future value of money if you deposit $4.000 each begining of quarter for the next 3 years. Compound quarterly with 12% annual interest rate FVIFA PERIOD 3% 1.000 2.030 3.091 12% 1.0000 2.1200 3.3740 1 2 4. 4.184 4.7790 5.309 6.468 6.3530 6 8.1150 7.662 8.892 10.0890 12.3000 14.7760 8 9 10.159 11.464 17.5490 20.6550 10 11 12.808 24.1330 28.0290 12 14.192 15.618 17.086 13 14 32.3930 How much the future value of money if you deposit $4.000 each begining of quarter for the next 3 years. Compound quarterly with 12% annual interest rate FVIFA PERIOD 3% 1.000 2.030 3.091 12% 1.0000 2.1200 3.3740 1 2 4. 4.184 4.7790 5.309 6.468 6.3530 6 8.1150 7.662 8.892 10.0890 12.3000 14.7760 8 9 10.159 11.464 17.5490 20.6550 10 11 12.808 24.1330 28.0290 12 14.192 15.618 17.086 13 14 32.3930
Expert Answer:
Answer rating: 100% (QA)
Solution Quarterly interest 1243 Deposit 4000 at be... View the full answer
Related Book For
Introduction to Corporate Finance
ISBN: 978-0324657937
2nd edition
Authors: Scott B. Smart, William L Megginson
Posted Date:
Students also viewed these finance questions
-
How are the present value and the future value of a lump sum related in definition and in terms of mathematics? Notice that for a given interest rate (r) and a given investment time horizon (n),...
-
How much interest is included in the future value of an ordinary simple annuity of $1500 paid every 6 months at 7% compounded semi-annually if the term of the annuity is 15 years? Reference Example...
-
You believe that the future value of the Australian dollar will be determined by purchasing power parity (PPP). You expect that inflation in Australia will be 6% next year, whereas inflation in the...
-
Tonys mother is extremely proud that her son will graduate college in a few months. She expresses concern, however, when Tony tells her that following graduation, he plans to move to Las Vegas to...
-
Many airlines flying overseas have recently considered changing the kinds of goods they sell at their in-flight duty-free services. Swiss, for example, is considering selling watches instead of the...
-
A pinhole camera doesn't have a lens; a small circular hole lets light into the camera, which then exposes the film. For the sharpest image, light from a distant point source makes as small a spot on...
-
For each of the following situations, calculate the \(z\)-statistic \((z)\). a. \(\mathrm{X}^{-}=14.00 ; \mu=11 ; \sigma=6 ; N=36\) b. \(\mathrm{X}^{-}=7.00 ; \mu=8 ; \sigma=3 ; N=9\) c....
-
Myer Food in Bowling Green, Kentucky, manufactures and markets snack foods. Mila Giles manages the company's fleet of 220 delivery trucks. Giles has been charged with "reengineering" the...
-
7. It is often suggested that K, should be changed so that (Ks) = (Ks). For example, if cos 2 Ks = cos (0-2) cos (0 + 2T) sin 0 sin (0-2) sin (0+2) 3 T then (K) = (K)-1. Show that this is true. Also,...
-
Southwick Company uses normal costing in its job- costing system. Partially completed T- accounts and additional information for Southwick for 2012 are as follows: Required Additional information...
-
answer the question You are asked to write for the Vice Chancellor on how staff & students can begin to 'green' our digital future. How can we begin to green our digital future? the current status...
-
Use the decomposition ALU to solve the system Az = b, where 1 0 4 1 L= 3 1 0U=0 -2 2 b= 24 1 31 0 0 3 First solve Lyb, and then solve Uz = y.
-
Consider the audience for Italian opera in eighteenth century London. How would you ?describe this audience socially and culturally? What do they value as consumers? Be prepared to discuss..
-
The strategic management process includes activities that managers take to help put their firms in the best position to be successful in the market. Which of the following is not a part of the...
-
A crate having a mass of 500 kg is lifted vertically from rest with a uniform acceleration by a crane such that after 5 seconds it has a velocity of 8 m/s. Calculate the tension in the lifting cable.
-
On January 2, 2017, SilverCorp. bought a trademark from Lake Inc. for $150,000. An independent research company estimated that the remaining useful life of the trademark was 30 years. At this time,...
-
1. Why is search so important for businesses as a marketing tactic. 2. What is the difference between SEO and SEM? 3. Name the different search engines.
-
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
-
Kevin Federline recently inherited $1 million and has decided to invest it. His portfolio consists of the following positions in several stocks. Calculate the portfolio weights to fill in the bottom...
-
An investor who notices that interest rates are much lower in Japan than in the United States borrows in Japan and invests the proceeds in the United States. This is called uncovered interest...
-
What factors should a manager consider when choosing between a term loan and a bond issue for funding long- term debt?
-
Consider the following time series data. a. Construct a time series plot. What type of pattern exists in the data? b. Show the four-quarter and centered moving average values for this time series. c....
-
Refer to exercise 35. a. Deseasonalize the time series using the adjusted seasonal indexes computed in part (c) of exercise 35. b. Using Minitab or Excel, compute the linear trend regression equation...
-
The following table reports prices and usage quantities for two items in 2009 and 2011. a. Compute price relatives for each item in 2011 using 2009 as the base period. b. Compute an unweighted...
Study smarter with the SolutionInn App