What will be value of investments at the end of time

Assignment Help Econometrics

Reference no: EM13236106

A woman makes an investment every 3 months at a nominal annual interest rate of 28%, compounded quarterly. Her first investment was $100, followed by investments increasing $20 each 3 months. Thus, the second investment was $120, the third investment $140, and so on. If she continues to make this series of investments for a total of 20 years, what will be the value of the investments at the end of that time?

Reference no: EM13236106

Questions Cloud

How many of each type of table should the company produce : Country Tables sell for $350 and contemporary tables sell for $450. Management has determined that at least 20% of the tables made should be country and at least 30% should be contemporary. How many of each type of table should the company produce

What strategies are recommended for a firm : Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.

Religious rights of employees : Identify and describe a case in which an employer's activities were restricted because of religious rights of employees.

Racial composition of latin american societies : The racial composition of Latin American societies is one of the most complex in the world. Slavery ended in Cuba and Brazil before the adoption of the Thirteenth Amendment in the United States. Nineteenth century Latin America allowed more assimilat..

What will be value of investments at the end of time : A woman makes an investment every 3 months at a nominal annual interest rate of 28%, compounded quarterly. Her first investment was $100, followed by investments increasing $20 each 3 months.

What is proctor and gambles corporate structure : What are Proctor and Gambles main markets within the four following areas: North America, Latin America and Asia/Pacific and a fourth overseeing Europe, the Mideast and Africa?

International system to achieve peace : What role should the United States play in the international system to achieve peace? Which perspective (or perspectives) does your view reflect?

Interpret the role of ethics in business : Interpret the Role of Ethics in Business

How much should the smog control district pay to firm : The local smog control district has agreed to pay to the firm a lump sum of money to provide for the first cost of the equipment and maintenance during its 10-year useful life. At the end of 10 years the equipment, which initially cost $10,000, is..

User Account

All Pages