Question: please i need the correct answer this is really important to me For 37 years, Janet saved $250 at the beginning of every month in

please i need the correct answer this is really important to me

For 37 years, Janet saved $250 at the beginning of every month in a fund that earned 5.47% compounded annually. a. What was the balance in the fund at the end of the period? Round to the nearest cent b. What was the total amount of interest earnet over the period? Round to the nearest cent

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!

Pls i need the correct answer this is really important to me For 9 years, Janet saved $350 at the beginning of every month in a fund that earned 5.75% compounded annually. a. What was the balance in...

Question 1. What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 18 years if the interest rate is 4.90% compounded quarterly? (Round to the nearest cent)...

please answer my all the question from 1 to 6 What is the accumulated value of periodic deposits of $4,500 made into an investment fund at the beginning of every six months, for 6 years, if the...

can someone please answer these questions asap 57 Question 6 of 6 Melissa secured a 4-year car lease at 5:90% compounded annually that required him to make payments of $889.66 at the beginning of...

only numbers 3,4 and 5 thank you TAXES! When it comes to how the American household is taxed, every family is different. We will start with a model suggesting that the average U.S. household earns a...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Needing ANSWERS ASAP! Starting at pg 34 - Labeled Graded Project 06155200: Graded Project Instructions & Worksheets 1 Lesson 1: Business, Accounting, and You PROJECT GOAL The goal of this graded...

I need help on the Boulder Public School Case Study . There are three questions asked at the end of the case study. HBSP Product Number TCG239. Rev. Oct. 2015 THE CRIMSON PRESS CURRICULUM CENTER THE...

Please answer the following questions after reading Lectures 3,4 and 5: 1. Please list, describe and explain each one of the five major types of taxes as discussed in Lectures 3,4, and 5: What is the...

MULTIPLE CHOICE 1 Using the recurrence relation t0 = 8, tn+1 = tn + 9, the sixth term would be: A 2 15 B 17 C 23 D 53 E 62 A canoe costs $40 to hire for the first day and $30 for each extra day. If...

Summarize statistical methods used in forecasting and the types of time series to which they are most appropriate.

You are provided with the following transactions that took place during a recent fiscal year. Instructions Complete the table indicating whether each item (1) affects operating (O) activities,...

Question 5 6 The tax consequences to the target corporation shareholders in a stock purch the shareholders will report gain or loss on the liquidating distribution under Section if the target is...

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,520,000 Net operating income $928,560 Average operating assets $4,830,000 The...