Question

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)

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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?
How much would you need to deposit in an account now in order to have $4000...
How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? Assume the account earns 2% interest compounded monthly.
How much would Steven have to deposit in an ordinary annuity, quarterly, at 6%, in order...
How much would Steven have to deposit in an ordinary annuity, quarterly, at 6%, in order to have $21,000 at the end of 14 years? Steven now has enough money to purchase a house and takes out a 30-year $80,000 home mortgage. What are his monthly payments if the rate is 5.4%.? Steven deposits $15,000 of profit-sharing money he received in an account at 6% compounded semiannually for seven and a half years. He wants to know how much interest...
If you deposit $12,000 in an interest-bearing account earning 3%, compounded daily, how much will you...
If you deposit $12,000 in an interest-bearing account earning 3%, compounded daily, how much will you have at the end of 6 years?
If you deposit $100,000 today at 8 percent interest compounded quarterly, how much will you have...
If you deposit $100,000 today at 8 percent interest compounded quarterly, how much will you have accumulated after 5 years $67,297.13 $68,058.32 $146,932.74 $148,594.74
If you deposit $1,500 in an account paying 8%, how much will you have in 3...
If you deposit $1,500 in an account paying 8%, how much will you have in 3 years? If you deposit $1,500 into an account paying 8% compounded monthly, how much will you have in 3 years? If you deposit $1,500 in an account paying 8% today and deposit $1,500 every year into the account, how much will you have in 3 years?
Question No : 3 If you deposit 10 $ in an account, that pays 5% interest,...
Question No : 3 If you deposit 10 $ in an account, that pays 5% interest, compounded annually, how much you will have at the end of 10 years? 50 years and 100 years How much will be in account at the end of 5 years the amount deposited today is 10,000 and interest is 8% per year, compounded semiannually? How much would I have to deposit in an account today that pays 12% interest, compounded quarterly, so that I...
You have deposited $10,000 in a bank earning interest at 7% p.a. compounded quarterly for four...
You have deposited $10,000 in a bank earning interest at 7% p.a. compounded quarterly for four years and five months. At that time, the interest rate changes to 6% p.a. compounded monthly. What is the value of the deposit three years after the change in the rate of interest? What nominal annual rate compounded quarterly is equivalent to 7.5% p.a. compounded monthly? You have decided to deposit $500 in the Montreal bank at the end of each quarter for seven...
1) You deposit $500 each month into an account earning 3% interest compounded monthly. a) How...
1) You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much will you have in the account in 25 years? b) How much total money will you put into the account? c) How much total interest will you earn? 2) Suppose you invest $190 a month for 6 years into an account earning 7% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 21 years....
How much would you have to deposit in a savings account each month at 5% interest/yr....
How much would you have to deposit in a savings account each month at 5% interest/yr. compounded monthly, to have $1,000,000.00 in the account at the end of 40 years? Note: your deposits will be made at the end of each month.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT