Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you are a financial adviser. your client is thinki

You are a financial adviser. Your client is thinking of investing $800.00 at the end...

90.2K

Verified Solution

Question

Basic Math

image

You are a financial adviser. Your client is thinking of investing $800.00 at the end of every six months for the next 10 years with the invested funds earning 6.5% compounded semi-annually. Your client wants to know how much money she will have after 10 years. What do you tell your client?a. Determine the annuity type.Ordinary Simple AnnuityOrdinary General AnnuitySimple Annuity DueGeneral Annuity Dueb. Identify the following pieces of information to be used to calculate the future value of the annuity.Periodic Payment: PMT=Number of Payments per Year: PY =Total Number of Payments: N =Annual Interest Rate: r =Number of Compoundings per Year: C'Y =c. Your client will have after 10 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

Advance Math
1.2K views

(9) (a) If f(t) = x1e −kt cos(ωt) + x2e −kt sin(ωt), then f'(t) has the...

Biology
1.2K views

question A what is the structure and affects of Escitalopram question B what is the mechanism of...

General Management
1.2K views

Describe one primary and one secondary data source that could be used in developing a public...

Physics
1.2K views

43 The angle of incidence for a ray of light at a refracting surface of...

Basic Math
1.2K views

What is the y intercept of the line described by the equation below y 6x...

Algebra
1.2K views

6 2 log H log 6 log x log 3 1og2 log x 3 log...

Accounting
1.2K views

please help me just re do it i think its right just want to make...

Accounting
1.2K views

Mauro Products distributes a single product, a woven basket whose selling price is...

Accounting
1.2K views

a. Compute the predetermined rate assuming that wanda instrumentation uses direct labor cost to apply...

Accounting
1.2K views

Stuart Company is considering investing in two new vans that are expected to generate combined...

Accounting
1.2K views

Striking at the Queen After being offered the "enticements" by Foster, chairman of the...

Finance
1.2K views

A person deposits $3000 into a savings account that earns interest at 7,50% compounded daily....