How much money will be in the account

Reference no: EM131965891

Question: You have decided to place $254 in equal deposits every month at the beginning of the month into a savings account earning 5.79 percent per year, compounded monthly for the next 3 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places.

Reference no: EM131965891

Questions Cloud

Evaluate how much the bond will sell : You decided to issue a bond to raise $50,000. Come-up with a term/time, rate and coupon payment. Calculate how much the bond will sell for (PV).

What is the breakeven point for the business : What is the breakeven point for the business over 3 months (12 weeks)?

Planning with your colleagues at great alaska adventures : Discussing a fishing expedition you are planning with your colleagues at Great Alaska Adventures (GAA).

How much will the effective annual rate of return : If you buy the security, by how much will the effective annual rate of return on your investment change?

How much money will be in the account : You have decided to place $254 in equal deposits every month at the beginning of the month into a savings account earning 5.79 percent per year.

What rate of return must it earn in the second year : What rate of return must it earn in the second year to be eligible for an incentive fee?

Calculate the stock price today : A stock will make its first dividend payment in 6 years. Calculate the stock price today.

Make equal annual deposits into the account : You’re prepared to make equal annual deposits into the account at the end of each year. what amount must you deposit each year?

Economic compensation lowering the fixed expenditure : the organization to have variable costs such that expenses are directly related to economic compensation lowering the fixed expenditure?

User Account

All Pages