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Author Question: If you want to have 12,500 in 57 months, how much money must you put in a savings account today? ... (Read 37 times)

PhilipSeeMore

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on: Jul 11, 2018
If you want to have 12,500 in 57 months, how much money must you put in a savings account
  today? Assume that the savings account pays 4.5 and it is compounded quarterly; round to
  nearest 1.
 
  A) 10,387 B) 8,459 C) 11,129 D) 10,106

Question 2

Effective budgeting in an expense area will lead to a zero variance at year end.
 
  Indicate whether the statement is true or false


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wilsonbho

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Reply #1 on: Jul 11, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


PhilipSeeMore

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

cassie_ragen

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Reply 3 on: Yesterday
Excellent

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