Annuities and compounding
Janet Boyle intends to deposit $300 per year in a credit unio...
![subject](/tpl/images/cats/ekonomika.png)
Business, 21.05.2020 21:00 torrejes241
Annuities and compounding
Janet Boyle intends to deposit $300 per year in a credit union for the next 10 years, and the credit union pays an annual interest rate of 8%.
a. Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn, if
(1) $300 is deposited annually and the credit union pays interest annually.
(2) $150 is deposited semiannually and the credit union pays interest semiannually.
(3) $75 is deposited quarterly and the credit union pays interest quarterly.
b. Use your finding in part a to discuss the effect of more frequent deposits and compounding of interest on the future value of an annuity.
![ansver](/tpl/images/cats/User.png)
Answers: 2
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 21:00
In addition to having a bachelor's degree in accounting, a certification will increase a tax accountant's job opportunities and allow them to file reports with the
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 00:30
Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 09:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 11:00
%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket
Answers: 1
You know the right answer?
Questions
![question](/tpl/images/cats/mkx.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 02.12.2020 03:00
![question](/tpl/images/cats/himiya.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 02.12.2020 03:00
![question](/tpl/images/cats/himiya.png)
Chemistry, 02.12.2020 03:00
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 02.12.2020 03:00
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 02.12.2020 03:00
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
History, 02.12.2020 03:00
![question](/tpl/images/cats/mat.png)
Mathematics, 02.12.2020 03:00
![question](/tpl/images/cats/health.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 02.12.2020 03:00
![question](/tpl/images/cats/mat.png)
Mathematics, 02.12.2020 03:00
![question](/tpl/images/cats/User.png)
SAT, 02.12.2020 03:00
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/en.png)
English, 02.12.2020 03:00
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 02.12.2020 03:00