Q4) How much money would you need to deposit today at 14.00% annual interest compounded...

50.1K

Verified Solution

Question

Finance

Q4) How much money would you need to deposit today at 14.00% annual interest compounded monthly to have $45,543 in the account after 10 years?

Q5) If you deposit $465 into an account paying 04.00% annual interest compounded quarterly, how many years until there is $96,566 in the account?

Q6) If you deposit $61,258 at 11.00% annual interest compounded quarterly, how much money will be in the account after 14 years?

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