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Osmara Del Toro deposits her life savings working at HoneyBee for $545,000, for when her retirement day arrives in 6 years, 6 months 6 days. The contract stipulates the payment of interest capitalizable quarterly, at a rate of 10.¼ %. What is the amount she will have at the end of the term that will provide welfare in her old age?

Osmara Del Toro deposits her life savings working at HoneyBee for $545,000, for when her retirement day arrives in 6 years, 6 months 6 days. The contract stipulates the payment of interest capitalizable quarterly, at a rate of 10.¼ %. What is the amount she will have at the end of the term that will provide welfare in her old age?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS

PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS

PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS

1.- 
Osmara Del Toro deposits her life savings working at HoneyBee for $545,000, for when her retirement day arrives in 6 years, 6 months 6 days. The contract stipulates the payment of interest capitalizable quarterly, at a rate of 10.¼ %. What is the amount she will have at the end of the term that will provide welfare in her old age?

Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.

Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.

 

 

Osmara Del Toro deposita los ahorros de su vida trabajando en HoneyBee por $545,000, para cuando llegue el día de su jubilación dentro de 6 años, 6 meses 6 días. El contrato estipula el pago de intereses capitalizables cuatrimestralmente, a una tasa del 10.¼ % ¿Qué cantidad es la que tendrá al final del plazo que aportará bienestar a su vejez?
Transcribed Image Text:Osmara Del Toro deposita los ahorros de su vida trabajando en HoneyBee por $545,000, para cuando llegue el día de su jubilación dentro de 6 años, 6 meses 6 días. El contrato estipula el pago de intereses capitalizables cuatrimestralmente, a una tasa del 10.¼ % ¿Qué cantidad es la que tendrá al final del plazo que aportará bienestar a su vejez?
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