How large must each of the two payments be

Assignment Help Financial Management

Reference no: EM131853879

One year from today you must make a payment of $4,000. To prepare for this payment, you plan to make 2 equal quarterly deposits (at the end of Quarters 1 and 2) in a bank that pays 6% nominal interest, compounded quarterly. How large must each of the two payments be?

calculate in Excel. show all work

Reference no: EM131853879

Questions Cloud

Explain the role of tolerance and victimization : Explain the role of tolerance and victimization using one of the theories.

Reflective essay - Cross-Cultuaral Communication : Write a reflective essay on given topic. Topic - Cross-Cultuaral Communication. You are also required to use at least 5 academic journal articles

Explain the difference between science and pseudoscience : Examine the key reasons why so many people might seem to be attracted to more pseudoscience-type claims.

Construct a residual plot-comment on the results : Perform a regression to estimate Mort using Teen as the independent variable. Do the results confirm the stated hypothesis? Interpret the results.

How large must each of the two payments be : One year from today you must make a payment of $4,000. How large must each of the two payments be?

Determine the annual compound interest or inflation rate : Determine the annual compound interest or inflation rate and discuss the differences in these rates from one situation to another.

Improvement in reading ability across students : A new method of teaching children to read promises more consistent improvement in reading ability across students. The new method is implemented

Discuss key trends that will affect the care of patients : Describe the major stakeholders in the U.S. healthcare system. Explain the key areas of concern for major stakeholders in the U.S. healthcare system.

Manager of a large office building : The manager of a large office building needs to buy a large shipment of light bulbs. After reviewing specifications and prices

User Account

All Pages