Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alexander made periodic deposits into a savings ac

Alexander made periodic deposits into a savings account at the end of every month for...

60.1K

Verified Solution

Question

Accounting

Alexander made periodic deposits into a savings account at the end of every month for 3 years. The investments were earning 5.70% compounded quarterly and grew to $14,125.00 at the end of 3 years.
Calculate the size of the month-end deposits.
$372.05
$360.84
$303.02
$350.24
How long will it take for the $14,125.00 to accumulate to $37,215.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term?
5 years and 1 months
7 years and 1 months
4 years and 1 months
4 years and 4 months
h(i,x)=
{10if program i halts on input x,otherwise.{1if program i halts on input x,0otherwise.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students