Assume that you can invest to earn a stated annual rate of return of 12 percent, but where interest is compounded semi-annually. If you make 20 consecutive semi-annual deposits of $500 each, with the first deposit being made today, what will your balance be at the end of Year 20? a. $52,821.19 b. $57,900.83 c. $58,988.19 d. $62,527.47 e. $64,131.50

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A: Future value is the value of current cashflow compounded at specified rate to future date.

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A: Variables in the question:PMT=$575 (quarterly payment)Rate=6% (compounded quarterly)N=12 years

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A: The question is based on the concept of Annuity.

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A: Effective Annual Rate(EAR) shows net rate which an investment will yield after considering…

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A: P = $750r =0.1241n =364t = 4A =?

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A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

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Q: 1. What is the future worth of a serios of equal deposits of $1500 for 10 years in a savings account…

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A: Quaterly deposit is $1000 Time period is 15 years Interest rate is 1.5%   To Find: Future Value

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.