What is the accumulated value after 15 years of monthly deposits of $500.00 earning interest at 8% compounded semi-annually if the deposits are made
a) at the end of each month?
b) at the beginning of each month?
Correct Answer:
Verified
- 1 = 0.006558197 =...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q17: Roxanne contributes $167.00 at the beginning of
Q18: Robert Downey deposited $610.00 in a trust
Q19: What semi-annual payment must be made into
Q20: Judy paid for a living room suite
Q21: A sum of money is deposited at
Q23: Kelly is saving $1600.00 at the beginning
Q24: A contract valued at $81 500.00 requires
Q25: Vicki paid for a kitchen set over
Q26: Gibran bought a boat valued at $110
Q27: How much does a depositor have to
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