Question: Question 12 5 pts If a bank pays 8% compounded quarterly, how much should you deposit now to have $6000 in 3 years from now?

Question 12 5 pts If a bank pays 8% compounded quarterly,

Question 12 5 pts If a bank pays 8% compounded quarterly, how much should you deposit now to have $6000 in 3 years from now? $4936.67 $4730.96 $4373.09 KD Answer not given $4693.69

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 Accounting Questions!

Q:

Shown in random order is a list of balance sheet items for Maple Valley Farms at September 30, current year. Instructions a. Prepare a balance sheet by using these items and computing the amount for...

Q:

Exam 1 Business Math Q1. The number 49,842 rounded to the nearest thousand is: a. 50,000 b. 49,000 c. 49,900 d. 49,800 Q2. The number 70624020 should be written: a. 70,624,020.0 b. 7,062,402,0 c....

Q:

1) Common-sized balance sheets A) show data for companies in the same industry. B) show data for companies with approximately the same amount of assets. C) show each balance sheet account as a...

Q:

5) Jones, Inc. has a current ratio equal to 1.40. Which of the following transactions will increase the company's current ratio? A) The company collects $500,000 of its accounts receivable. B) The...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

Direction: Choose the best answer from the four options given. Write the letter of the best answer on your paper. 1. The payment by installment is done periodically, and in equal amounts. This...

Q:

Direction: Choose the best answer from the four options given. Write the letter of the best answer on your paper. 1. The payment by installment is done periodically, and in equal amounts. This...

Q:

Discounted Cash Flow Exercises 1. Find the future value of a bank deposit of: a. $100 held for 4 years in a bank that pays 8% compounded semi-annually. b. $120 held for 67 years in a bank that pays...

Q:

Direction: Choose the best answer from the four options given. Write the letter of the best answer on your paper. 1. The payment by installment is done periodically, and in equal amounts. This...

Q:

Armor world manufactures armored cars. The armor provides low level ballistics protection. Cars are made to customer specification via orders submitted over an internet site. The cars are completed...

Q:

The block shown is released from rest when the spring is stretched a distance d . If k = 50 N/m, m = 0.50 kg, d = 10 cm, and the coefficient of kinetic friction between the block and the horizontal...

Q:

This i s Section 2 . 6 , problem 2 1 . The general ( n o n z e r o ) solution o f the Bernoulli differential equation d y d x + y x = x 2 y 2 can b e written f ( x , y ) = C f ( x , y ) =

Q:

In today\'s society much talk has been about the elimination of the middle-class society. Based on some factual information and your personal opinion do you believe that there is only the high class...

Q:

Calculate the height in meters (m) of a column of a liquid that exerts a pressure of 1.4 atm at its base. The density of the liquid is 0.885 g/cm and the acceleration due to gravity is 9.81 m/s....

Q:

Ordinary repairs on capital assets were recorded as follows: Capital assets 10,000 Cash 10,000 Capital assets are collateral for the Banks loan, and the Bank is the key user of these financial...

Q:

Calculate the height in meters (m) of a column of a liquid that exerts a pressure of 1.4 atm at its base. The density of the liquid is 0.885 g/cm and the acceleration due to gravity is 9.81 m/s....

Q:

Alasy has a year end 31 December 2021. On 15 December 2021 the directors publicly announced their decision to close an operating unit and make a number of employees redundant. Some of the employees...

Q:

explain level 0 diagram step by step 20 10 App Job Receive Applications Create Job Opening Received Apps Formatted on the Process D Job Applications DI Job Database Man view Schule Schedule Interview...

Q:

10. What is meant by the fact that we are socialized into using linear causal thought patterns? Find two examples of this from your everyday life.

Q:

The senders expertise; certification, i.e. the senders educational background

Q:

Context, i.e. the context of the information presented and received