What is the maturity value of the CD

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Question - Time Value of Money Problems

A) At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years?

B) Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. What is the maturity value of the CD?

C) Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $100,000 four years from now. How much must Shane deposit to accomplish his goal?

D) What are you planning to do over winter break?

E) Are you considering an accounting concentration?

Reference no: EM132789315

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