Author Question: $1,200 is received at the beginning of year 1, $2,200 is received at the beginning of year 2, and ... (Read 279 times)

Wadzanai · **on:** Apr 25, 2021

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.

macmac · **Reply #1 on:** Apr 25, 2021

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