Question: please write out the work for this problem so i can understand how to do the problem thank you! Susie wants to deposit her savings

please write out the work for this problem so i can understand how to do the problem thank you!

Susie wants to deposit her savings at the end of every four months so that she will have $12,500 available in six years. The account will pay 7.5% interest per year, compounded every four months. How much should she deposit every four months? Write the formula, fill in the formula, and then solve

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!

Describe an EDI fallout report in your own words. Discuss what information it contains and why is it important. (Please write a good amount in paragraph, plagiarism free. Notes of my class included...

a. Suppose you are going to save $500 every month and deposit into your savings account at the end of each month for the next 5 years. So, the first deposit will be made one month from now. If the...

I need short journal entries for these articles, please. 1) Learning Objectives By the end of this section, you will be able to: Explain the various functions of money Contrast commodity money and...

Find attached Ingredients: Water, MCC, Salt, Nicotine, pH regulator, sweeteners and flavours I am wondering why the decision to go with LYFT. I understand migrating to LYFT would be easier from sells...

I need help with Section 4 part A please look at the case study Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student identification (student to complete) Please complete the...

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

Students will review examples and evaluate them. Review these documents and evaluate them (click on the link): https://1drv.ms/w/s!AoYu6G3CLyuakjVCGipkRkNSBVUB?e=jrPXX6...

this is all the information required to do assignment Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The...

read the full slide and need a answer fastly becuase i need answer in 1 hour Week 5 Midterm ASSIGNMENT - 100 pts 30% This is your second week on the job working as a financial planner You are about...

Based on the information in Exercise 5.20, if the student chosen is known to be on a sports team, what is the probability that the student is a female? In exercise There are 100 males and 120 females...

Suppose yesterday was your lucky day. You won $7 million in the Kentucky State Lottery, and the Charles Edwards Coal Mining Company (where you work) raised the wage rate from $12.50 to $17.50 per...

The statement, net income should reflect all items that affected the net increase or decrease in stockholders equity during the period is consistent with which of the following concepts of income?...

perceptual process

Discuss the legal issues involved with preferential treatment programs. page 128

List the major federal laws that require equal employment opportunity and the protections provided by each of these laws. page 103

Understand the different approaches to job design. page 167