Suzanne starts her college education four years from now. For her college education, she is going to save $1,100 a quarter for the next four years in a bank account paying 13 percent interest. How much will she have at the end of the fourth year? m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV
Suzanne starts her college education four years from now. For her college education, she is going to save $1,100 a quarter for the next four years in a bank account paying 13 percent interest. How much will she have at the end of the fourth year? m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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Suzanne starts her college education four years from now. For her college education, she is going to save $1,100 a quarter for the next four years in a bank account paying 13 percent interest. How much will she have at the end of the fourth year?
m |
Nper (or N) =n*m |
Rate (or I/Y)=i/m |
PV |
PMT |
FV |
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