Question: . 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

. Question Help How long will it take to save $2480.00

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 and months (from 0 to 11 months) It will take year(s) and month(s). inter vor answer in the edit fields and then click Check

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!

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 $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...

Question 11.5.2 How long wil it take to save $1563.00 by making deposits of $123.00 at the end of every three months to an account eaming interest at 12% compounded quarter State your answer in years...

Question 14 How long would it take to save $7500 by making deposits of $500 at the end of every quarter into a savings account earning 2.85% monthly? Not yet answered Marked out of Select one: 1.00...

BUSI 1003: Assignment 4 (Units 7 & 8) 1. What will deposit of $80 made at the end of each month amount to after 4 years if interest is 4.8% compounded monthly? 2. Ali contributed $1,000 per year for...

1. What will deposit of $80 made at the end of each month amount to after 4 years if interest is 4.8% compounded monthly? 2. Ali contributed $1,000 per year for the past 9 years into an RRSP account,...

Q1) What willthe depositof $100 made at the end of each month amount to after 4 years if interest is 4.8% compounded monthly? Q2) Ali contributed $2,000 per year for the past 9 years into an RRSP...

1.What will deposit of $100 made at the end of each month amount to after 4 years if interest is 4.8% compounded monthly? 2.Ali contributed $2,000 per year for the past 9 years into an RRSP account,...

6.Hannah is buying a house in Prince Edward Island. She paid $45000 cash when she bought the house and agreed to pay $1200 at the end of every month for 15 years. Find the cash price of the house if...

1. Alwinder has $16000 in his saving account. For how long can he withdraw $1600 be from the account at the end of every quarter starting one month from now if interest is 6% compounded semi-...

How is the before-tax cost of debt converted into the after-tax cost?

In the situation described in BE 1515, what will be the balances in the balance sheet accounts related to the lease at the end of the first year for Caf Med (ignore taxes)?

The P/E ratio is determined by Question 8Select one: a.net worth divided by earnings. b.market capitalization divided by earnings. c.net worth per share divided by earnings per share. d.market value...

Provide a detailed explanation of the process associated with passing values by value and by reference. Following your description of this process, explain the key differences between these two...