Solved

Seabee Makes Quarterly (End of Period)payments of $30,000 into a Pension

Question 38

Multiple Choice

Seabee makes quarterly (end of period) payments of $30,000 into a pension fund earning 12 percent compounded quarterly for 10 years. How much interest will have been earned in 10 years?


A) $2,262,030
B) $2,105,880
C) $905,880
D) $1,062,030

Correct Answer:

verifed

Verified

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

Related Questions

Q18: Many IRA funds argue that investors should

Q33: A(n)_ is a financial instrument that agrees

Q34: You want to purchase a car for

Q35: What is the effective annual interest rate

Q36: You have just won a lottery that

Q37: If the interest rate is 0%:<br>A)future amounts

Q39: The more frequent the compounding the:<br>A)greater the

Q40: A thirty year $200,000.00 mortgage has a

Q42: Your firm, New Sunrise, has just leased

Q43: Six years ago you paid $20 per