Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. q7) if you deposit $127 into an account paying 20.

Q7) If you deposit $127 into an account paying 20.00% annual interest compounded monthly, how...

90.2K

Verified Solution

Question

Finance

Q7) If you deposit $127 into an account paying 20.00% annual interest compounded monthly, how many years until there is $28,256 in the account?

Q8) What is the value today of receiving a single payment of $4,248 in 14 years if your required rate of return on this investment is 19.00% compounded semi-annually?

Q9) If you deposit $395 at 09.00%annual interest compounded daily, how much money will be in the account after 13 years? (Assume that there are 364 days in a year)

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

Biology
1.2K views

Plant cells placed in HYPOTONIC conditions will remain A wilted C flaccid B turgid D...

Physics
1.2K views

Q 5 The distance between the centres of moon and earth is D The mass...

Physics
1.2K views

Example 9 46 A horizontal force F acts on the hollow sphere at its centre...

Basic Math
1.2K views

2 0 3 4 A bag contains ten tiles labeled B C D E F...

Statistics
1.2K views

A binomial experiment with probability of success p 0 45 and n 5 trials is...

Calculus
1.2K views

Find the equation of the tangent line to the curve y 6 sec a 12...

Accounting
1.2K views

Wildhorse Corporation had the following transactions. 1. Sold land (cost...

Accounting
1.2K views

Previous Problem Problem List Next Problem (1 point) What nominal interest rate compounded quarterly is...

Accounting
1.2K views

According to a varied contingent in the accounting industry, Activity Based Costing provides more accurate...

Accounting
1.2K views

Journalize these transactions in a general ledger. Selected transactions completed by Kornett Company...

Accounting
1.2K views

M.T. Pockets Below is a summary of M.T. Pockets beginning and ending net...

Finance
1.2K views

A-Rod Manufacturing Company is trying to calculate its cost of capital for use in making...