1) you open`onan Account toSAVE fordownpaymenthouse. The Account has an APR of 1.2%initialcompounded quarterly. You plan to make anand quarterly deposits of $450." for 5 years.contributions?^) After 5 years, what is the total ofyourWhat is the total interest earned?B) How much will$i7year72 years!5 years$youilD) If you$150,000 condo,want to make.conde, howof $450 wouldyoue) suppose youifc) What would happen if you used a bank that offeredAPR of 1.15% Compounded daily? (still contributinghave had more in the$450 quarterly) Wouldaccount after 5 YEARS#have in the Account after:you甘7jistdownpayment of 10% on amany, quarterly contributionshave to make into the 1st Account?CD (5 years out 7% APR. Monthly)atwere given Aworth $5000,youcombine the CD with the Account willyou have enough for the 10% down payment in 5 years?

The money's time worth concept reveals that any sum of money is worth more currently than the worth…

1) you open an Account to house. The Acce SAVE for ecount has an APR of 1.27 Compounded quarterly. You plan to make an initial and quarterly deposits of $450.00 for 5 years. contributions? a ^) After 5 years, what is the total of What is the total interest earned ? B) How much will $ I 7 year 2 years? 5 years: -> $ ST you your downpayment st 2 jist have in the Account after: c) What would happen if you used a bank that offered APR of 1.15% compounded daily? (still contributing $450 quarterly) Would account after 5 years. have had more in the you want to make. downpayment of 10% on a D) If you #1 $150,000 condo, how many quarterly contributions of $450 would you have to make into the 1st Account? e) seupsose you were given a CD (5 years out 7% APR Monthly) worth $5000, if you combine the CD with the Account will you have enough for the 10% down payment in 5 years?

1) you open an Account to house. The Acce SAVE for ecount has an APR of 1.27 Compounded quarterly. You plan to make an initial and quarterly deposits of $450.00 for 5 years. contributions? a ^) After 5 years, what is the total of What is the total interest earned ? B) How much will $ I 7 year 2 years? 5 years: -> $ ST you your downpayment st 2 jist have in the Account after: c) What would happen if you used a bank that offered APR of 1.15% compounded daily? (still contributing $450 quarterly) Would account after 5 years. have had more in the you want to make. downpayment of 10% on a D) If you #1 $150,000 condo, how many quarterly contributions of $450 would you have to make into the 1st Account? e) seupsose you were given a CD (5 years out 7% APR Monthly) worth $5000, if you combine the CD with the Account will you have enough for the 10% down payment in 5 years?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 2STP

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please help with this Q
please help with this Q
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