1 answer

Selon 1 Find the amount to which those monthly deposits of $958.00 will grow in twelve...

Question:

selon 1 Find the amount to which those monthly deposits of $958.00 will grow in twelve years at 6% p.a. compounded monthly 12
selon 1 Find the amount to which those monthly deposits of $958.00 will grow in twelve years at 6% p.a. compounded monthly 12 13 ed out of Select one: a. $ 241 128.97 23 24 Finish at a question Time left Ob. $ 231 128.97 OC. $ 251 128.97 od. $ 211 128.97 Oe. $ 221 128.97

Answers

Given that Periodic payment or Rent R= $958.00 number of payments n= 12 years 12 months n=14.4 internet Interest role 6% Pa c

Please check your options once again I checked the solution on MATLAB also and I got the same thing.

Monthly investment of $958 for 12 years at an annual interest rate of 6%, the future value would be $2,01,323.86

Cumulative Investment $1,37,952

Cumulative Interest $63,371. 86

Please comment here if you have any doubts.

.

Similar Solved Questions

1 answer
In calculating the vertical displacement of point D due to a P force acting at B,...
In calculating the vertical displacement of point D due to a P force acting at B, a student uses the principle of virtual work. Before he substitutes his analysis into the deflection equation for virtual work and part of the procedure for analysis, this is what he does... Choose the correct answer. ...
1 answer
A) Discuss in detail the fields of the IPv4 header that deal with the fragmentation of...
a) Discuss in detail the fields of the IPv4 header that deal with the fragmentation of IPv4 packets. Using these fields show how an IPv4 packet containing 4000 bytes of user data is fragmented to be carried using Ethernet frames. b) The fragmented IPv4 packet in the Ethernet frames must go over a To...
1 answer
Scrap and retesting are examples of ____ failure costs. a. external b. prevention c. appraisal d....
Scrap and retesting are examples of ____ failure costs. a. external b. prevention c. appraisal d. internal e. detection...
1 answer
Determine the total cash inflows, the total cash outflows, and the expected change in cash for ea...
Determine the total cash inflows, the total cash outflows, and the expected change in cash for each month from January to July, 2019. Show your work in excel using excel functions. Based the findings, explain in your own words whether the company should borrow/invest and how much and in which months...
1 answer
Set theory and logic 2. (3 points) Let A be a set with 10 elements and...
Set theory and logic 2. (3 points) Let A be a set with 10 elements and assume R is an equivalence relation on A. Assume a, b, c, d E A. If [a] has 4 elements, [b] has 5 elements, [c] has 4 elements and [d] 5 elements. How many equivalence classes can A contain? 2. (3 points) Let A be a set with...
1 answer
Sheaves Corporation economists estimate that a good business environment and a bad business environment are equally...
Sheaves Corporation economists estimate that a good business environment and a bad business environment are equally likely for the coming year. Management must choose between two mutually exclusive projects. Assume that the project chosen will be the firm's only activity and that the firm will c...
1 answer
Use undetermined coefficients to find the particular solution to y''+5y'+4y=7t^2+5t+5
use undetermined coefficients to find the particular solution to y''+5y'+4y=7t^2+5t+5...
1 answer
Question 11 A plant asset was purchased on January 1 for $40,000 with an estimated salvage...
Question 11 A plant asset was purchased on January 1 for $40,000 with an estimated salvage value of $8,000 at the end of its useful life. The current year's depreciation expense is $4,000 calculated on the straight-line basis and the balance in the Accumulated Depreciation account at the end of ...
1 answer
Futura Company purchases the 71,000 starters that it installs in its standard line of farm tractors...
Futura Company purchases the 71,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $9.60 per unit. Due to a reduction in output, the company now has idle capacity that could be used to produce the starters rather than buying them from an outside supp...
1 answer
JS Kimmel, Survey of Accounting, le & Practice Assignment Gradebook ORION Downloadable eTextbook signment CALCULATOR ME...
JS Kimmel, Survey of Accounting, le & Practice Assignment Gradebook ORION Downloadable eTextbook signment CALCULATOR ME Exercise 2-9 (Part Level Submission) Nordstrom, Inc. operates department stores in numerous states. Selected financial statement Part End of Year Beginning of Year $ 358 Cash a...
1 answer
Citric acid (shown below), a natural food preservative, accounts for the tartness of citrus fruits. About...
Citric acid (shown below), a natural food preservative, accounts for the tartness of citrus fruits. About 730 g of this material can be dissolved in water, making a liter of solution. However, only about 1.5% of it dissociates. As such, it would be considered a _______________ acid. What is the mola...
1 answer
The current​ year's statement of net income for Tupper TreatsTupper Treats​, Inc. is presented below in...
The current​ year's statement of net income for Tupper TreatsTupper Treats​, Inc. is presented below in a​ single-step format. Requirement Prepare a​ condensed, multiple-step statement of net income for Tupper Treats Inc. that includes all supporting schedules. Prepare Tu...
1 answer
Conditional probability: 16% ticks carry Lyme disease. 10% Ticks carry HGE. 10% of ticks...
Deer ticks can be carriers of either Lyme disease or HGE. Based on a recent study, suppose that 16% of all ticks in a certain location carry Lyme disease, 10% carryHGE, and 10% of the ticks that carry one of these diseases in fact carry both of them. If a randomly selected tick is found to have carr...
1 answer
Juell Assento Fly - Saved to my Mac Mailings Review View Evev AaBBCode AaBbCcDdE AaBbCcD Heading...
Juell Assento Fly - Saved to my Mac Mailings Review View Evev AaBBCode AaBbCcDdE AaBbCcD Heading 1 AaBbc Stron Emphasis Normal 1) The following information is provided for Sebastian Inc.: Sebastian Inc. Statement of Financial Position 2019 2018 Assets Cash $ 135,000 $ 266,000 Accounts Receivable 252...
2 answers
What is the quadratic formula of #0=10x^2 + 9x-1#?
What is the quadratic formula of #0=10x^2 + 9x-1#?...
1 answer
Question 6 The following is Ivanhoe Cycle Repair Shop's trial balance at January 31, 2017, the company's fiscal year e...
Question 6 The following is Ivanhoe Cycle Repair Shop's trial balance at January 31, 2017, the company's fiscal year end: Credit $11,000 IVANHOE CYCLE REPAIR SHOP Trial Balance January 31, 2017 Debit Cash $3,400 Accounts receivable 6,650 Prepaid insurance 6,420 Supplies 5,240 Land 53,000 Bui...