Question: Idk wat to do? Please help. 6. How much would your parents have to deposit each month into an account that grows at a rate

Idk wat to do? Please help. Idk wat to do? Please help. 6. How much would your

6. How much would your parents have to deposit each month into an account that grows at a rate of 12% per year, compounded semiannually, if they want to have $80,000 at the end of year 3 to cover part of your college expenses? Assume no interperiod compounding. Also, write the spreadsheet function to display the monthly amount

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 Accounting Questions!

The purchase of the car that Joe dreams about can be accomplished by making payments of $300 a month for six years, if the first payment is made on February 1.1995. and the last payment is made on...

need help with B, C, D Question 1 (20 points) a) Calculate the future value of $20,000 invested now (time zero) for 5 years. It grows at a rate of 3% per year compounded annually. b) How much money...

1. What is the accumulated sum of the following stream of payments? $9624 every year at the beginning of the year for 5 years, at 7.75%, compounded annually. 2. You have accumulated some money for...

Can someone please provide me with the solutions for 3, 7 and 27 Ryerson University Ted Rogers School of Management FIN300 Midterm Exam Fall 2013 Version A Student Name (Please print) Student Number...

Can you please show number 3 , step for step with the formulas? I cannot seem to find the Total Equity inorder to calculate ROE Ryerson University Ted Rogers School of Management FIN300 Midterm Exam...

#15, Please show the step by step process clearly to get the answer, Thanks! Ryerson University Ted Rogers School of Management FIN300 Midterm Exam Fall 2013 Version A Student Name (Please print)...

please solve with detailed steps and thank you! How much would your parents have to deposit each month into an account that grows at a rate of 8% per year compounded semi-annually if they want to...

please do it in clear writing. also finish all of it so i can give you a up write it in clear writing HO 5 Too Unit #6 Assignment - Annuities (211 (2) Jus 10,2030 4:35 PM 40 MAPAC UNIT 6 ASSIGNMENT -...

1 The cl ' lowes for Problem number 2 from the book are given below. / , k Ork 3- Sl,351.97 $1,300.00 6 lb}: XC'Q'D/e X C $1,103.22 : O D 4 A' d. $1,371.07 ,b: q/'@; Of") c $108.33 fi , 7' 2. TI - ,....

please help me solve I have 1hr left Find the accumulated amount at the end of 5 months on a $ 180 bank deposit paying simple interest at a rate of 5% per year. $ 183.75 $ 184.75 $ 181.75 $ 179.75 $...

An organization has recently started outsourcing work to a low cost, high value, engineering center located in a different country. Which of the following should the project manager provide for the...

As a result of an economic value added analysis (EVA), the owner of a company that makes and installs swimming polls has decided to shut down the manufacturing operations which show a negative...

what is the net income if variable expenses are 8 7 0 0 0 and break even is 8 7 0 0 0

Any negligence of the part of the plaintiff is a complete bar to recovery in: Group of answer choices a comparative negligence state a contributory negligence state a concurrent negligence state a...

8. Should public employees have the same right to strike as private-sector employees are granted under the Labor Management Relations Act? Why or why not?

1. Was Williams entitled to have a witness at the meeting with Harless, Gray, and Fisher? Explain. TerryWilliams is an employee at a unionized plant in Memphis, Tennessee. Williams is a member of and...

4. What proof does the Company have that the Grievant did what he was accused of? On March 27, 1998, the Company, the Union, and Mr. Danny Webb, the Grievant, entered into and signed the following...