Alpha Geek

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    Polytechnic State University Sanluis
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Category > Accounting Posted 13 Jun 2017 My Price 6.00

Let's assume that a late-twentieth century college graduate got a good job

Let's assume that a late-twentieth century college graduate got a good job and began a savings account. He is paid monthly and authorized the bank to automatically withdraw $75 each month. The bank made the first withdrawal on July 1, 1997 and is instructed to make the last withdrawal on January 1,2015 the bank pays a nominal interest rate of 4.5% and compounds twice a month. What is the future worth of the account on January 1, 2015?

Answers

Alpha Geek
(8)
Status NEW Posted 13 Jun 2017 07:06 AM My Price 6.00

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Attachments

file 1497340347-364063_1_636328425625486745_Future-worth-account.xlsx preview (175 words )
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