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Author Question: Chelsea's grand parents made a trust deposit of $5000.00 on November 30, 2002, at her birth. This ... (Read 217 times)

c0205847

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Question 1

How much will Ahsan's registered retirement savings deposit of $30 000.00 be worth in 21 years at 5% compounded quarterly?
◦ $83 578.88
◦ $85 173.39
◦ $38 941.88
◦ $1 807 267.24
◦ $81 044.55

Question 2

Chelsea's grand parents made a trust deposit of $5000.00 on November 30, 2002, at her birth. This trust deposit can be withdrawn on Chelsea's twenty-fifth birthday. To what will the deposit amount on that date at 19.11% compounded semi-annually?
◦ $531830.45
◦ $395 982.16
◦ $31 360 374.23
◦ $479 269.91
◦ $48 952.52


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Marked as best answer by c0205847 on Jun 6, 2019

Tonny

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c0205847

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Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review


FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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