If you deposit $500 per month into an investment account that pays interest at a rate...

If you deposit $500 per month into an investment account that pays interest at a rate of 8% per month, compounded quarterly, how much will be in the account at the end of 5 years? There is no interperiod compounding. (for full credit show cash flow diagram) (25 points)

Expert Solution

Rahul Sunny answered 2 years ago

You deposit $15,700 into an account this morning. The account pays interest at a rate of...

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"You deposit $32,000 in a savings account that pays a nominal interest rate of 4.2% compounded monthly. 3 years later, you deposit $14,000. 3 years after the second deposit, you make another deposit in the amount of $9,000. 6 years after the third deposit, half of the accumulated funds are transferred to a fund that pays a nominal interest rate of 6.9% compounded quarterly. How much total will you have in the accounts 4 years after the transfer?" SHOW ALL...

you deposit $500 today in a savings account that pays 6% interest, compounded annually. How much...

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