An investment will pay $5,500 every 2 years for the next 40 years.The annual rate of interest is 12 percent.What is the value of this investment at the end of Year 40?
A) $1,630,590.34
B) $1,096,222.20
C) $1,206,504.11
D) $1,353,997.81
E) $1,990,095.67
Correct Answer:
Verified
Q64: Martha receives $200 on the first of
Q65: An investment will pay $1,200 per quarter
Q66: Rodget's is saving $2,500 a month,starting today,and
Q67: Angela expects to save $500 a year
Q68: You are comparing two annuities with equal
Q70: Today,you are retiring.You have a total of
Q71: Theo just won a prize that will
Q72: A bank is loaning $5,000 for 3
Q73: An annuity costs $185,000 today and provides
Q74: Today,the Future Trust Co.purchased an investment that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents