2. A sum of $1,000 is deposited at time "0" at an interest rate of 52%, compounded quarterly. What is this money worth in five years? Choose your final answer from below while still showing your work. A. $1314 B. $1307 C. $1252 D. $1186

Q: If one makes quarterly deposit of $1250 into an account that pays interest at a rate of 6%…

A: Given,  Quarterly Deposit= $1,250 Monthly Interest Rate=6% Therefore, Quarterly Interest Rate=…

Q: Muhammad takes out a loan of $ 2,130, at 8% simple interest, for 8 years. How much will he pay back…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: The interest rate is 12% compounded quarterly. Which of the following is true?   a The effective…

A: Effective Interest Rate (r)=(1+in)n - 1                                             = (1+ 0.124)4 -…

Q: 4) You desire to save $200,000 for retirement. You can afford to save $125 a month into a mutual…

A: so here we can time by using the annuity formula which are follow

Q: Liz plans to deposit $10,000 in the bank now and another $5,000 two years from now. If she plans to…

A: Deposit = 10,000 deposit after 2 years = 5,000 withdraw after 5 years = 8,000 interest rate = 10%

Q: A series of equal quarterly payments of $2,000 for 10 years is equivalent to what future lump-sum…

A: Quarterly payment (A)=$2000 Total number of quarters for which the payment is made =10×4=40…

Q: Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20…

A: The future value refers to the value of an investment or cash flow at a specific point in the…

Q: How much will be in a bank account at the end of five years if $2000 is invested today at 12 percent…

A: Answer: Given, Principal = $2000 Interest rate per annum = 12% Number of years = 5 The following…

Q: Consider each of the equations below and draw the corresponding cash flow diagram. In each case, the…

A: Cash flow refers to the diagramatic representation that tells the net balance of cash moving into…