online quiz 5 help -- FinanceProfessor Current classes

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 14:40:15 02/18/02 Mon
Author: jim mahar
Subject: online quiz 5 help

This quiz turned out to be more difficult than expected...sorry!!

here is some help, I hope....

jim

I'll add a link when I get time...

here
1.000150506
1.056467309
3
7300

1.0549 1.000150411
1.3222E+167 2.997916156

. John and Jennifer deposited $1,000 in an account today. They will deposit $600 at the end of each month for the nest 12 months and $800 the following 12 months. How much interest will they have earned in 2 years if the account pays 5.5% compounded monthly?

A. interest of $849.42
B. interest of $795.42
C. interest of $962.57
D. interest of $979.00
E. interest of $827.65
0.055
what we will have in account at the end of 24 months
0 1000 1000 1115.997567
1 600 600 666.5435492
2 600 600 663.5024961
3 600 600 660.4753176
4 600 600 657.4619503
5 600 600 654.4623313
6 600 600 651.4763978
7 600 600 648.5040874
8 600 600 645.5453379
9 600 600 642.6000875
10 600 600 639.6682746
11 600 600 636.7498378
12 600 600 633.8447162
8200 8916.831951
13 800 800 841.2704653
14 800 800 837.4322343
15 800 800 833.6115148
16 800 800 829.8082271
17 800 800 826.0222916
18 800 800 822.2536291
19 800 800 818.5021609
20 800 800 814.7678085
21 800 800 811.0504937
22 800 800 807.3501389
23 800 800 803.6666667
24 800 800 800
what we paid in 26000 27679.39953 1679.399534

1250

10 1 2 3 4 5 6 7 8 9 10 11
2500 2500 2500 2500 2500
0.055 int rate
0.01375 3196.653905 0 3110.526346 0 3026.719326 0 2945.170321 0 2865.818493 0
1.056144809
0.056144809

10. If Rachael deposits $2,500 at the end of each six months into an account which earns 5.5% interest compounded quarterly, how much will be in the account in 5 years?

A. total in account $16,931
B. total in account $32,188
C. total in account $13,953
D. total in account $26,605
E. total in account $28,357

1 2 3 4 5 6 7 8 9 10 11 12
contributions 2500 2500 2500 2500 2500 2500
interest 34.375 34.84765625 69.70181152 70.66021143 106.0067893 107.4643827 143.317018 145.287627 181.6603318 184.1581614

account balance 0 2500 2534.375 5069.222656 5138.924468 7709.584679 7815.591469 10423.05585 10566.37287 13211.6605 13393.32083 16077.47899

[ Next Thread | Previous Thread | Next Message | Previous Message ]