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Social Science Clinic => Business => Topic started by: Wadzanai on Jun 6, 2019

Title: Find the amount to which monthly deposits of $100.00 will grow in five years at 4.8% p.a. compounded monthly.
Post by: Wadzanai on Jun 6, 2019

Question 1

Find the amount to which semi-annual deposits of $200.00 will grow in four years at 6.6% p.a. compounded semi-annually.

Question 2

Find the amount to which monthly deposits of $100.00 will grow in five years at 4.8% p.a. compounded monthly.

Title: Find the amount to which monthly deposits of $100.00 will grow in five years at 4.8% p.a. compounded monthly.
Post by: ju on Jun 6, 2019

Answer 1

FVn = 200.00 = 200.00(8.9875671) = $1797.51

Answer 2

FVn = 100.00 = 100.00(67.660180) = $6766.02

Title: Find the amount to which monthly deposits of $100.00 will grow in five years at 4.8% p.a. compounded monthly.
Post by: Wadzanai on Jun 6, 2019

TY

Title: Find the amount to which monthly deposits of $100.00 will grow in five years at 4.8% p.a. compounded monthly.
Post by: ju on Jun 6, 2019

You're welcome