Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. paulo is making quarterly contributions of of $430

Paulo is making quarterly contributions of of $430 to his savings account which pays interest...

80.2K

Verified Solution

Question

Accounting

Paulo is making quarterly contributions of of $430 to his savings account which pays interest at the APR of 7.1%, compounded quarterly. Right after Paulo makes his 66th contribution, the bank changes the APR to 5.3% and Paulo makes 45 more $430 contributions. What is Paulo's balance right after his last contribution?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The formula for the standard deviation of a sample is S 1 11 n 1...

Statistics
Q

An auto insurance company classifies drivers as low risk if they are accident-free for one year. Historically...

Statistics
Q

1) What will happen to the effective population size if we change the sex ratio from...

Biology
Q

Please Answer 1-3 for me 1. Solve the system of linear equations using the Gauss-Jordan elimination method. 2x1 ? x2 + 3x3 = ?16 x1 ? 2x2 + x3 = ?5 x1 ? 5x2 + 2x3 = ?11 (x1,...

Advance Math
Q

Which substances below are considered criteria pollutants Select all that may apply Methane Particulate matter...

Biology
Q

Marks 31 In the given arrangement shown in figure a mass M is suspended with...

Physics
Q

Find the x intercepts of the following parabola y 4x 8x 12 A 2 0...

Geometry
Q

K The following are the ratings of males by females in an experiment involving speed...

Statistics
Q

Companying table lists the ages of acting award winners matched by the years in which...

Statistics
Q

Samtech Manufacturing purchased land and building for $4 million. In addition to the purchase price,...

Accounting
Q

On June 30,2024 , $ ingle Computers issued 6% stated rate bonds with a face...

Accounting
Q

3. Analysis of an expansion project Aa Aa Companies invest in expansion projects with the...

Finance