Solved

If You Make 30 Semi-Annual Deposits of $2,000 into a Fund

Question 51

Multiple Choice

If you make 30 semi-annual deposits of $2,000 into a fund that earns 10% compounded quarterly, how much money will be in the fund two years after the last deposit?


A) $172,275.22
B) $171,931.59
C) $209,481.94
D) $199,387.93
E) $163,646.96

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: Calculate the periodic interest rate that matches

Q47: Calculate the periodic interest rate that matches

Q48: $500 is contributed at the beginning of

Q49: Kingston Engineering Services (KES) acquired a backhoe

Q50: What amount will an ordinary annuity be

Q52: Determine the future value in year 8

Q53: What amount would you have to invest

Q54: Assume that your client invests $1,000 at

Q55: The Montreal Canadiens have just announced the

Q56: Determine the future value:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Determine the