You already have $54,700 in your savings account that earns 3.50% compounded annually. You will contribute an additional $2,820 to the account at the start of every quarter. How much will you have in the account in 45 months? Round final dollar answer to 2 decimal places. Mode N = %3D I/Y = P/Y = C/Y = PV = PMT = 2,820 FV = How much is the interest?

You already have $54,700 in your savings account that earns 3.50% compounded annually. You will contribute an additional $2,820 to the account at the start of every quarter. How much will you have in the account in 45 months? Round final dollar answer to 2 decimal places. Mode N = %3D I/Y = P/Y = C/Y = PV = PMT = 2,820 FV = How much is the interest?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 34P

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