Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the...

Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the end of each payment period. The interest rate and the payment period information are given in the following table.How much will the company have after 5 years in the bank account? Assume each year contains 52 weeks/365 days, each quarter contains 13 weeks/90 days, each month contains 4 weeks/30 days.

	$1500 will be paid... (PP)	Rate is 12 % per year with the compounding period below (CP)	Future Value At the end of year 5
1	Yearly	Yearly
2	Yearly	Simi Annually
3	Yearly	Monthly
4	Yearly	Weekly (52 weeks/year)
5	Yearly	Daily (365 days/year)
6	Yearly	Continuously
	Yearly	Quarterly
7	Simi Annually	Yearly
8	Simi Annually	Simi Annually
	Simi Annually	Quarterly
9	Simi Annually	Monthly
10	Simi Annually	Weekly
11	Simi Annually	Daily
12	Simi Annually	Continuously
13	Quarterly	Yearly
14	Quarterly	Simi Annually
14-1	Quarterly	Quarterly
15	Quarterly	Monthly

Solutions

Expert Solution

As per rules I am answering the first 4 subparts of the question

	$1500 will be paid... (PP)	Rate is 12 % per year with the compounding period below (CP)	Future Value At the end of year 5
1	Yearly	Yearly	$27,152.69
2	Yearly	Semi Annually	$37,679.67
3	Yearly	Monthly	$140,671.47
4	Yearly	Weekly (52 weeks/year)	$551,767.41

WORKINGS

jeff jeffy answered 1 month ago

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