Bill plans to deposit $1,500 quarterly for 30 years at 5.5% Interest, compounded monthly. How much will he have in the account in 30 years? O $468,780.80 O $189,900 O $180,000 O $3,744,000 O $477,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Dyanne Godoy
Math Models B: Practice Test
Next Activity
Target due: 11/16/20
O 2016
All changes saved
O 2026
LI O 3. Choose the correct answer.
Bill plans to deposit $1,500 quarterly for 30 years at 5.5% Interest, compounded monthly. How much will he have in
the account in 30 years?
O $468,780.80
O $189,900
O $180,000
O $3,744,000
O $477,000
A 4. Choose the correct answer.
You sell 600 shares of AVG Technologies (AVG). You purchased the stock at $2.99 per share and sold it at $0.88 per
PRÉVIOUS
1-31 of 31
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REVIEW
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Transcribed Image Text:Dyanne Godoy Math Models B: Practice Test Next Activity Target due: 11/16/20 O 2016 All changes saved O 2026 LI O 3. Choose the correct answer. Bill plans to deposit $1,500 quarterly for 30 years at 5.5% Interest, compounded monthly. How much will he have in the account in 30 years? O $468,780.80 O $189,900 O $180,000 O $3,744,000 O $477,000 A 4. Choose the correct answer. You sell 600 shares of AVG Technologies (AVG). You purchased the stock at $2.99 per share and sold it at $0.88 per PRÉVIOUS 1-31 of 31 NEXT REVIEW enovo
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