Question

You need $28000 on March 15, 2021. How much do you need to deposit each quarter...

You need $28000 on March 15, 2021. How much do you need to deposit each quarter in an account earning 7% compounded quarterly if the first deposit is made on June 15, 2011 and the last deposit is made on December 15, 2020? Note: you must be within $5 of the correct answer.

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
How much money do you need on March 30, 2014 earning 9% compounded quarterly in order...
How much money do you need on March 30, 2014 earning 9% compounded quarterly in order to withdraw $350 every quarter with the first withdrawal on June 30, 2014 and the last withdrawal made on December 30, 2045?
You deposit $740 at the end of each quarter into an account that pays a nominal...
You deposit $740 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years?
13. You deposit $100 at the end of each quarter in an account that pays 6%...
13. You deposit $100 at the end of each quarter in an account that pays 6% interest compounded quarterly. Find the balance in the account after 20 years, in correct units and rounded appropriately. How much of this balance is principal and how much is interest? Please spell these words correctly!
A.)How much do you need to invest semiannually into an ordinary annuity earning an annual interest...
A.)How much do you need to invest semiannually into an ordinary annuity earning an annual interest rate of 7.12% compounded semiannually so that you will have $5,953.19 after 7 years? B.) If you make quarterly deposits of $309.00 into an ordinary annuity earning an annual interest rate of 5.74%, how much will be in the account after 15 years? How much interest did you earn in those 15 years?
how much would you have to deposit quarterly in order to have $35,000, at the end...
how much would you have to deposit quarterly in order to have $35,000, at the end of 3 years, assuming an account earning 8% interest compounded quarterly. (using excel)
How much will need to be invested at the beginning of each quarter at 4.7% compounded...
How much will need to be invested at the beginning of each quarter at 4.7% compounded quarterly, to pay off a debt of $37,000.00 in 8 years? The quarterly payments are $__________. (Round to 2 decimal places.)
how much should alex put in a sinking fund at first of each quarter earning 8%...
how much should alex put in a sinking fund at first of each quarter earning 8% compounded quarterly for 6 years in order to accumulate 10,000?
You deposit $2000 in an account earning 3% interest compounded monthly How much will you have...
You deposit $2000 in an account earning 3% interest compounded monthly How much will you have in the account in 20 years? How much interest will you earn? You deposit $10,000 in an account earning 4% interest compounded monthly. How much will you have in the account in 25 years? How much interest will you earn?
Betty and Bob deposit $1,000 at the end of March, June, September, and December for 5...
Betty and Bob deposit $1,000 at the end of March, June, September, and December for 5 years. At the end of 5 years the account balance is $29, 778.08. Using Newton’s Method with a table of several rows find the per annum rate of return compounded quarterly. Your answer should be correct to at least 3 places after the decimal point.
You deposit $4000 each year into an account earning 3% interest compounded annually. How much will...
You deposit $4000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • Suppose that the time (in hours) that Irene spends on an untimed final exam follows an...
    asked 7 minutes ago
  • The following sample observations were randomly selected. (Round intermediate calculations and final answers to 2 decimal...
    asked 20 minutes ago
  • what type of graph is best suitable for data obtained from customer ratings. The ratings are...
    asked 24 minutes ago
  • Determine the cumulative 15-year 18 kip ESAL’s in the design lane for 2-lane highway for the...
    asked 31 minutes ago
  • Q: Dr.Grimace, the evil dentist, is trying to find out if his patients suffer from periodontal...
    asked 31 minutes ago
  • After collecting data on 19283 dogs, you find that male vallhunds have an average weight of...
    asked 33 minutes ago
  • Research Target Corporation and assess your satisfaction with the company you researched and make recommendations about...
    asked 34 minutes ago
  • Evidence suggests that 70% of FSU students like turtles. Suppose we randomly sampled 15 FSU students....
    asked 34 minutes ago
  • Ulrich challenges the appropriateness of the nearly universal symbolism of the spinning wheel as the marker...
    asked 35 minutes ago
  • Differential Equations: Please try to computer type, if not possible be clear and organize. Thank you...
    asked 35 minutes ago
  • In your opinion, what are the three (3) most important benefits an employer can give to...
    asked 41 minutes ago
  • In a test of the effectiveness of garlic for lowering​ cholesterol, 81 subjects were treated with...
    asked 44 minutes ago