Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. assume that you deposit $ 835 each year for the ne

Assume that you deposit $ 835 each year for the next 15 years into an...

60.1K

Verified Solution

Question

Finance

image

Assume that you deposit $ 835 each year for the next 15 years into an account that pays 12 percent per annum. The first deposit will occur one year from today (that is, at t 1) and the last deposit will occur 1 5 years from today (that is, at t = 15). How much money will be in the account 15 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

4 Use the law of sines or cosines to solve the triangle a B 116...

Calculus
Q

What are the three types of heat transfer and what are some examples and application of...

Physics
Q

How to apply business ethics relative to how strategic management is portrayed in the Robin Hood...

General Management
Q

shape of the muscle size of the muscle action of the muscle location of the...

Biology
Q

Q 12 A particle is oscillating according to the equation X 7 cos 0 5...

Physics
Q

at is the solution to the given line y x 2 4x 5 the quadratic...

Calculus
Q

Listen Determine the area of the given polygon 2 ft 38 ft 42 ft 23...

Algebra
Q

opportunity costs are not recognized by financial accounting systems but need to be considered in...

Accounting
Q

QS 22-6 (Algo) Allocating costs to departments LO P2 Macee Store has three operating departments,...

Accounting
Q

Need to make a journal entries 26. On October 7, sold merchandise...

Accounting
Q

Using the Traditional Sales Comparison Approach, an appraiser would not adjust the sales price of...

Finance
Q

Check my work Refer to Table 13-28 Onshore Bank has $27 million in assets, with...

Accounting