Question: Question Help How long will it take to save $12,500 by making deposits of $80 at the end of every month into an account earning

Question Help How long will it take to save $12,500 by making deposits of $80 at the end of every month into an account earning interest at 84% compounded quarterly State your answer in years and months (from 0 to 11 months) it will take year(s) and month(s) to save $12,500

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!

Question Help How long will it take to save $2357 00 by making deposits of $82.00 at the end of every six months into an account earning interest at 10% compounded semi-annually? State your answer in...

How long will it take to save $12 000 by making deposits of $115 at the end of every month into an account earning interest at 10.1% compounded semi-annually? State your answer in years and months...

Require answers with work shown step by step please: 1. What is the principal from which $175 can be withdrawn at the end of each month for 20 years if interest is 5% compounded quarterly? 2. What...

Homework: Assignment 8 (Ch. 12 & 13) Save Score: 0 of 2 pts 4 of 11 (0 complete) HW Score: 0%, 0 of 20 pts 12.4.2 Question Help How long will it take to save $16,000 by making deposits of $85 at the...

. Question Help How long will it take to save $2480.00 by making deposits of $195.00 at the end of every month into an account earning interest at 4% compounded monthly? State your answer in years...

Require answers with work shown step by step please: How long will it take to save $15 000 by making deposits of $90 at the end of every month into an account earning interest at 4% compounded...

How long will it take to save $15 000 by making deposits of $90 at the end of every month into an account earning interest at 4% compounded quarterly?

Require answers with work shown step by step please: How long will it take to save $15 000 by making deposits of $90 at the end of every month into an account earning interest at 4% compounded...

How long will it take to save $15 000 by making deposits of $90 at the end of every month into an account earning interest at 4% compounded quarterly?

Bob and Jane Loveboat are saving to buy a boat at the end of 5 years. If the boat costs $25,000, and they can earn 8 percent a year on their savings, how much do they need to put aside at the end of...

Wojewski was a heart surgeon with staff privileges at Rapid City Regional Hospital. He took a leave of absence based on his bipolar disorder and, upon his return, was subject to various restrictions...

Talent development is consider equipping talented individuals with the skill, abilities and knowledge for the purpose of increasing the organizational effectiveness. The talent development...

Find the ending inventory and the cost of goods sold using the FIFO, LIFO, and Average - cost

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Think of a person with whom you have recently had a disagreement who isnt willing to discuss the situation with you. What might be causing this reluctance? And which technique might best help you...

Are there certain people with whom you engage in more challenging strategies than others? Do you engage in conflict with strangers more or less than you do with people who are important to you?

1 Is forgiving those who do harm an acceptable outcome for a conflict of this magnitude? Did the reaction of the Amish to their childrens killer and to his family effectively resolve the conflict, or...