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You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end 8f month 3. Then after leaving the money in the account for several years, you plan to withdraw everything 15 years from today. How much is available to withdraw at the end of year 15 if the account pays a nominal annual rate of 8% compounded quarterly (every 3 months)?

You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end 8f month 3. Then after leaving the money in the account for several years, you plan to withdraw everything 15 years from today. How much is available to withdraw at the end of year 15 if the account pays a nominal annual rate of 8% compounded quarterly (every 3 months)?

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 11PROB
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Question 4 Part A: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end of month 3. Then after leaving the money in the account for several years, you plan to withdraw everything 15 years from today. How much is available to withdraw at the end of year 15 if the account pays a nominal annual rate of 8% compounded quarterly (every 3 months)? Question 4 Part A: Choose the correct Cash Flow Diagram for this scenario from the following choices. F=? 3 32 60 1= 2.66% A= 100 SCANVAS COURSE_REFERENCE$/file ref/g0eOfcbe26987c3e553b49c58ff75937b/download?download_frd=1
Transcribed Image Text:Question 4 Part A: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end of month 3. Then after leaving the money in the account for several years, you plan to withdraw everything 15 years from today. How much is available to withdraw at the end of year 15 if the account pays a nominal annual rate of 8% compounded quarterly (every 3 months)? Question 4 Part A: Choose the correct Cash Flow Diagram for this scenario from the following choices. F=? 3 32 60 1= 2.66% A= 100 SCANVAS COURSE_REFERENCE$/file ref/g0eOfcbe26987c3e553b49c58ff75937b/download?download_frd=1
F=? 32 60 1= 2% A = 100 SCANVAS COURSE REFERENCES/file_ref/ge4a18d562127c6c58175859919ea3145/download? download_frd=1 F=? 3 32 60 I= 8% A= 100 SCANVAS_COURSE REFERENCES/file_ref/gc7aeed5792alc88368acle9b35d23ba4/download? download_frd=1 Fa? 3 25 |= 2% A = 100 $CANVAS COURSE_REFERENCE$/file_ref/g5f67eccf9d66a9a8e059ba69b640be5b/download? download_frd=1
Transcribed Image Text:F=? 32 60 1= 2% A = 100 SCANVAS COURSE REFERENCES/file_ref/ge4a18d562127c6c58175859919ea3145/download? download_frd=1 F=? 3 32 60 I= 8% A= 100 SCANVAS_COURSE REFERENCES/file_ref/gc7aeed5792alc88368acle9b35d23ba4/download? download_frd=1 Fa? 3 25 |= 2% A = 100 $CANVAS COURSE_REFERENCE$/file_ref/g5f67eccf9d66a9a8e059ba69b640be5b/download? download_frd=1
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