Question Details

(Solved) Please use PMT formula for this problem. PMT = 400.00; I = 1.25%;


Please use PMT formula for this problem. PMT = 400.00; I = 1.25%; n = 12

FVn = 400.00[......

William has saved $400 per quarter for the last three years in a savings account earning 5.0% compounded quarterly. He plans to leave the accumulated savings for eight years in the savings account at the same rate of interest.

a) How much will be in total in the savings account? 

b) How much did he contribute?

c) How much interest in total did he earn?


Thank you very much.


 


Solution details:

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Oct 15, 2019

EXPERT

Tutor

ANSWER RATING

YES, THIS IS LEGAL

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now