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Author Question: $1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and ... (Read 294 times)

Wadzanai

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Question 1

$1,200 is deposited today into an account paying 6% interest compounded semiannually. How much interest will have been earned after 25 years?
◦ $3,950.24
◦ $1,312.53
◦ $20,904.19
◦ $5,260.69
◦ $4,060.69

Question 2

$1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and $3,300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is
◦ $6,700.
◦ $17,000.
◦ $12,510.
◦ $7,504.
◦ $8,141.


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Marked as best answer by Wadzanai on Apr 25, 2021

macmac

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Wadzanai

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Reply 2 on: Apr 25, 2021
:D TYSM


debra928

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

 

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