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Author Question: Determine the accumulated value after 13.5 years of deposits of $470.00 made at the beginning of ... (Read 110 times)

lb_gilbert

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Question 1

Payments of $845.00 are made into a fund at the beginning of every month for 5.25 years. If the fund earns interest at 8.4% compounded monthly, what will the balance in the fund be after 5.25 years?

Question 2

Determine the accumulated value after 13.5 years of deposits of $470.00 made at the beginning of every three months and earning interest at 7.2% compounded quarterly.


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Marked as best answer by lb_gilbert on Jun 6, 2019

14vl19

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lb_gilbert

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


EAN94

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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