+0  
 
0
70
1
avatar

1. $600 deposited at the end of each year for 10 years at 4.25% compounded annually.

 

2. $1500 deposited at the end of every three months for 25 years at 5.75%compounded quarterly.

 Feb 26, 2021
 #1
avatar+112972 
+1

For each question, answer these

 

a) How much is deposited at the end of each time period   M   or  PMT

 

b) What is the yearly interest rate expressed as a decimal?

c) How many times a year does it compound?  

d) What is the interest rate per compounding period?      r

 

e)  What is the total number of time period   n

 

 

 Feb 26, 2021

62 Online Users

avatar