Three Years Ago Catherine Began Depositing 1 200 At The Beginning Of Every Three X Months Into An Account The Interest 1 (33.66 KiB) Viewed 44 times
Three Years Ago Catherine Began Depositing 1 200 At The Beginning Of Every Three X Months Into An Account The Interest 2 (28.21 KiB) Viewed 44 times
Three years ago Catherine began depositing $1,200 at the beginning of every three x months into an account. The interest rate was 3.74% compounded quarterly. Answer the following questions, and round all answers to two decimal places where necessary, Choose BGN or END BGN 1) What is the present account balance? P/Y = 4 C/Y = 4 N = 12 WY 3.74 PV = $21285 42 x PMT = $ 1200 EV = 15305.86 2) If she stops making deposits immediately, how much will be in the account in eight and a half years from now, if the interest rate remains the same (3.74% compounded quarterly? P/= CN N VY 96
learn.humber.ca/ultra/courses/_195828_1/grades/lti/launchFrame?toolielu Choose BGN or END BGN Х 1) What is the present account balance? 1/4 = N = 12 P/Y 4 C/Y = 4 3.74 % PV = $ 21285.42 X PMT = $ 1200 FV = $ 15305.86 2) If she stops making deposits immediately, how much will be in the account in eight and a half years from now, if the interest rate remains the same (3.74% compounded quarterly)? P/Y = C/Y = N = 1/4 = E PV = 5 PMT= $ FV = $
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