Question

How much money would have to be deposited every quarter, beginning 3 months from now, if...

How much money would have to be deposited every quarter, beginning 3 months from now, if a company wanted to have $75,000 at the end of 3 years? Assume the interest rate is 11% per year, compounded annually. Draw cash flow diagram

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Payments of $715 will be deposited every six months, beginning now. If money can earn 4.2%...
Payments of $715 will be deposited every six months, beginning now. If money can earn 4.2% compounded semiannually, determine the balance at the end of seven years. ($2873.31) Cannot use Excel.
An individual wishes to deposit an amount of money now and $100 every six months so...
An individual wishes to deposit an amount of money now and $100 every six months so that at the end of five years $1,650 will have been accumulated.   With interest at 4% per year, compounded semiannually, how much should be deposited now? A. $455.35                                           B. $510.95                            C. $332.24                            D. $284.51 Answer:_________________ Show work
You have deposited $1,000 with an interest rate of 3% every 6 months where the interest...
You have deposited $1,000 with an interest rate of 3% every 6 months where the interest is computed every 6 months How much you will have after 5 years? Two years later after the initial deposit of the money, you deposited additional $1,000 with an interest rate of 2% every 6 months (applies only to this deposit). How much will you have after 5 years?
A company deposited $9,500 into an investment fund at the beginning of every quarter for 4...
A company deposited $9,500 into an investment fund at the beginning of every quarter for 4 years. It then stopped making deposits into the fund and allowed the investment to grow for 6 more years. The fund was growing at 3.50% compounded monthly. a. What was the accumulated value of the fund at the end of 4 years ? b. What was the accumulated value of the fund at the end of 10 years ? c. What was the amount...
Calculate the amount of money that must be deposited at the end of every three months...
Calculate the amount of money that must be deposited at the end of every three months into an account paying 6% compounded monthly to accumulate to $12 500.00 in ten years?
Calculate the amount of money that must be deposited at the end of every three months...
Calculate the amount of money that must be deposited at the end of every three months into an account paying 6% compounded monthly to accumulate to $12 500.00 in ten years?
If instead of buying a $10 lottery ticket every week, the money is deposited into an...
If instead of buying a $10 lottery ticket every week, the money is deposited into an investment earning 9% interest compounded annually (here a total of 52 weeks per year). In 40 years, you would have how much? Please show your work.
How much should you be willing to pay for an annuity that will provide $300 every...
How much should you be willing to pay for an annuity that will provide $300 every 3 months for 6 years starting 3 months from now if you want to make a nominal 12% per year compounded quarterly? Another words, what is the present worth of the benefit that is described here? Also,draw a properly labeled Cash Flow Diagram for this question.
How much money should be deposited annually in a bank account for five years if you...
How much money should be deposited annually in a bank account for five years if you wish to withdraw $5,000 each year for three years, beginning five years after the last deposit? The interest rate is 3% per year
An Engineer deposited $12,000 in a bank saving account that pays 3% per quarter. a) How...
An Engineer deposited $12,000 in a bank saving account that pays 3% per quarter. a) How much money the engineer will find in his account after 4 years? b) What will be the effective interest rate per six months? c) What will be the effective interest rate per year?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT