Question: Today you are going to put $ 2 1 , 0 0 0 into an investment. You expect to earn an APR ( based on

Today you are going to put $21,000 into an investment. You expect to earn an APR (based on quarterly compounding) of 3.47%. How much will you have in the account in exactly 12 years?
To nearest $0.01

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!

Q:

Use the Microsoft Excel PMT function to calculate questions 1 and 2 of the following. After showing the calculations for questions 1 and 2 below, write out the appropriate PMT function exactly as you...

Q:

Today you are going to put $ 3 8 , 0 0 0 into an investment. You expect to earn an APR ( based on quarterly compounding ) of 8 . 5 5 % . How much will you have in the account in exactly 1 3 years?

Q:

Today you are going to put $45,000 into an investment. You expect to earn an APR (based on quarterly compounding) of 7.16%. How much will you have in the account in exactly 8 years? To nearest $0.01

Q:

Today you are going to put $ 3 6 , 0 0 0 into an investment. You expect to earn an APR ( based on quarterly compounding ) of 7 % . How much will you have in the account in exactly 1 1 years? To...

Q:

Today you are going to put $ 1 0 , 0 0 0 into an investment. You expect to earn an APR ( based on quarterly compounding ) of 5 . 1 7 % . How much will you have in the account in exactly 1 0 years? To...

Q:

Today you are going to put $ 1 6 , 0 0 0 into an investment. You expect to earn an APR ( based on quarterly compounding ) of 3 . 3 6 % . How much will you have in the account in exactly 5 years? To...

Q:

Today you are going to put $37,000 into an investment. You expect to earn an APR (based on quarterly compounding) of 8.85%. How much will you have in the account in exactly 5 years?

Q:

Today you are going to put $ 2 8 , 0 0 0 into an investment. You expect to earn an APR ( based on quarterly compounding ) of 6 . 2 6 % . How much will you have in the account in exactly 6 years? To...

Q:

Today you are going to put $45,000 into an investment. You expect to earn an APR (based on quarterly compounding) of 7.16%. How much will you have in the account in exactly 8 years? To nearest $0.01

Q:

Need to complete 10 homework but now i need 5 homework then after some time 5 homework more. Here it is attachment. Chapter 5 HW Questions [ALL OF THESE MUST BE DONE IN EXCEL] 1. Future value: Chuck...

Q:

Could Yocca and the other plaintiffs have plausibly argued that the terms of the SBL brochure must have been integrated within the SBL agreement because those terms were needed to define and describe...

Q:

in a A 50 mm square hole is to be produced casting of length 300 mm. The density of core used is 4.5 g/cc and density of molten metal used during casting process is 8 g/cc. If the surface area of the...

Q:

1 2 Bequired information Exercise 1 9 - 1 1 ( $tatic ) Absorption costing and variable costing income statements LO P 2 [ The following information apples to the questions displeyed below ] Oak Mart,...

Q:

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

Q:

A You know that both Ellen and Steve rely on you as a friend (and in Ellens case, as family). How can you maintain your relationships with both of them even as their relationship with each other is...

Q:

1. The engagement in and resolution of interpersonal conflict are often key factors in romantic comedies (like Life As We Know It and When Harry Met Sally), as well as in buddy-driven action films...

Q:

2. For an interesting look at conflict and debate, you need not search further than the U.S. Congress. Debates on the floor of the Senate and House of Representatives are broadcast on C-SPAN and...