Question: PLEASE ANSWER ASAP. MANUAL COMPUTATION. if you save $25 at the beginning of each month and interest is 4% compounded quarterly, how much will you

PLEASE ANSWER ASAP. MANUAL COMPUTATION.

if you save $25 at the beginning of each month and interest is 4% compounded quarterly, how much will you accumulate in thirty years?

A. 17,367.79

B. 3,678.67

C. 17, 310.28

D. 3,690.89

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:

PLEASE ANSWER ASAP. MANUAL COMPUTATION The Berezins agreed to monthly payments rounded up to the nearest $100 on a mortgage of $36,000 amortized over 10 years. Interest for the first 5 years was...

Q:

PLEASE ANSWER ASAP. MANUAL COMPUTATION. A debt of $60,000 is repaid over 25 years with monthly payments. Interest is 7% compounded semi-annually. a. What is the size of the periodic payments? b. What...

Q:

PLEASE ANSWER ASAP MANUAL COMPUTATION. 3. Shelby and associates plan to invest a property that will yield $1,725 at the end of each month indefinitely. Payments will deferred for 5.5 years while the...

Q:

Answer to all the Question Including A,B,C Question The Hills obtain a 30-year, $144,000 conventional mortgage at a 4.5% rate on a house selling for $180,000. Their monthly mortgage payment,...

Q:

Answer to all the Question Including A,B,C Question The Hills obtain a 30-year, $144,000 conventional mortgage at a 4.5% rate on a house selling for $180,000. Their monthly mortgage payment,...

Q:

Please solve the 2 problems. I need it. I will rate if you solve both. Note: At number 3, it is compounded quarterly at 4%. 3. How much should be invested at the beginning of every three months at 4...

Q:

If you save $25 at the beginning of each month, and interest is 4% compounded quarterly, how much will you accumulate in 30 years?

Q:

If you save $25 at the beginning of each month, and interest is 4% compounded quarterly, how much will you accumulate in 30 years?

Q:

JUST ANSWER THE FIRST PAGE: ALL INFO ARE ALREADY GIVEN PRESENT VALUE OF SIMPLE ANNUITY DUE EXAMPLE: Hope borrows money for the renovation of her house and repays by making yearly payments of P50,...

Q:

JUST ANSWER THE FIRST PAGE: ALL INFO ARE ALREADY GIVEN PRESENT VALUE OF SIMPLE ANNUITY DUE EXAMPLE: Hope borrows money for the renovation of her house and repays by making yearly payments of P50,...

Q:

Mandler Inc.'s payroll clerk unexpectedly quit on December 24, one week before the end of the fiscal year. At that time, employees had not been paid for the most recent pay period. Management issued...

Q:

The Present Value of all four of the following future cash flows is $3,000 when discounted at 5 percent annually. 1 year in the future 2 years in the future 3 years in the future 4 years in the...

Q:

1 6 . Central Bank has the following balance sheet ( in millions of dollars ) . Cash inflows over the next 3 0 days from the bank's performing assets are \ ( \ $ 7 . 5 \ ) million. Calculate the LCR...

Q:

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

Q:

1. What do you think are the main problems in using performance management when working in an organisation where many of the workers are volunteers?

Q:

describe a model for achieving strategic learning, training and talent development

Q:

state what is meant by the term performance management