I have the underline answer. but I need the process Evelina Bargar is putting away money in a vacation fund to travel in 26 years and currently has an amount of $125,300.00. Given an interest rate of 5.00% compounded quarterly, how much will they have in 26 years? (a) $456,073.03 (b) $152,302.93 (c) $135,837.22 (d) $445,525.79 What is the present value of $1,485,120.00 given an interest rate of 4.5% compounded weekly for 15 years? (a) $1,485,116.66 (b) $756,379.14 (c) $1,455,713.45 (d) $767,391.861
I have the underline answer. but I need the process Evelina Bargar is putting away money in a vacation fund to travel in 26 years and currently has an amount of $125,300.00. Given an interest rate of 5.00% compounded quarterly, how much will they have in 26 years? (a) $456,073.03 (b) $152,302.93 (c) $135,837.22 (d) $445,525.79 What is the present value of $1,485,120.00 given an interest rate of 4.5% compounded weekly for 15 years? (a) $1,485,116.66 (b) $756,379.14 (c) $1,455,713.45 (d) $767,391.861
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.18E
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I have the underline answer. but I need the process
Evelina Bargar is putting away money in a vacation fund to travel in 26 years and currently has an amount of $125,300.00. Given an interest rate of 5.00% compounded quarterly, how much will they have in 26 years?
(a) $456,073.03
(b) $152,302.93
(c) $135,837.22 (d) $445,525.79
What is the present value of $1,485,120.00 given an interest rate of 4.5% compounded weekly for 15 years?
(a) $1,485,116.66
(b) $756,379.14
(c) $1,455,713.45 (d) $767,391.861
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