Q6) If you deposit$98,327.00at11.16%annual interest compounded quarterly, how much money will be in the account after18.0years? (1.5
Question:
Q6) If you deposit$98,327.00at11.16%annual interest compounded quarterly, how much money will be in the account after18.0years? (1.5 points)
Q7) If you deposit$837.00into an account paying18.29%annual interest compounded monthly, how many years until there is$32,198.00in the account? (1.5 points)
Q8) What is the value today of receiving a single payment of$60,796.00in13.0years if your required rate of return on this investment is10.36%compounded semi-annually? (1.5 points)
Q9) If you deposit$473.00at27.69%annual interest compounded daily, how much money will be in the account after4.0years?(Assume that there are 364 days in a year and show your answer to the nearest cent) (1.5 points)
Q10) Suppose you deposit$945.00today,$725.00in one year, and$498.00in two years in an account that pays an annual rate of interest of16.74% .How much money will be in the account after three years? (1.5 points)
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair