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In: Finance

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

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

Solutions

Expert Solution

The final solution is as shown below:

formula sheet used in excel is as shown below:

Output of the above formula implementation is as shown below:

jeff jeffy answered 1 year ago
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