menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 10: Annuities: Future Value and Present Value
  5. Question
    An Investment Consists of Deposits of $500 Per Quarter for 10
Solved

An Investment Consists of Deposits of $500 Per Quarter for 10

Question 138

Question 138

Short Answer

An investment consists of deposits of $500 per quarter for 10 years. How much will be in the account after 10 years if interest is 5.5% compounded semi-annually?

Correct Answer:

verifed

Verified

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

Related Questions

Q133: An investment plan requires year-end contributions of

Q134: A loan at 6% compounded semi-annually requires

Q135: Quarterly contributions of $700 are made to

Q136: What price will a finance company pay

Q137: Classify the type of annuity described in

Q139: Assume two investments can earn 6.4% compounded

Q140: What distinguishes a General Annuity from an

Q141: Calculate the future value of an ordinary

Q142: Determine the present value of the ordinary

Q143: If money can earn 6% compounded monthly,

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines