An engineer deposits $830 per month into a savings account that pays interest at a rate of 10% per year, compounded semiannually. How much will be in account at the end of 4 years? Assume no interperiod compounding. Yanıtınız: O $78,465 O $114,131 O $109,375 O $32,187 * AG 224

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 2E: Future Value Hugh Colson deposited 20,000 in a special savings account that provides for interest at...
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Soru 2
An engineer deposits $830 per month into a savings account that pays interest at a rate of 10% per year, compounded semiannually. How much will be in the
account at the end of 4 years? Assume no interperiod compounding.
Yanıtınız:
$78,465
$114,131
$109,375
$32,187
$46,224
$133,153
$47,555
$33,288
$48,740
$3,852
$7,926
Transcribed Image Text:Soru 2 An engineer deposits $830 per month into a savings account that pays interest at a rate of 10% per year, compounded semiannually. How much will be in the account at the end of 4 years? Assume no interperiod compounding. Yanıtınız: $78,465 $114,131 $109,375 $32,187 $46,224 $133,153 $47,555 $33,288 $48,740 $3,852 $7,926
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