Boris is saving for the down payment on a house. He deposits $13,750.00 today, $6,000.00 in 5 months, and $5,750.00 in 2 years. The account earns interest at the rate i(¹) = 9.788%. How much does he have in his account after 6 years? a. $43,814.74 O b. $45,516.28 O c. $44,240.12 d. $42,538.58 O e. $43,389.35 Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
Boris is saving for the down payment on a house. He deposits $13,750.00 today, $6,000.00 in 5 months, and $5,750.00 in 2 years. The account earns interest at the rate i(¹) = 9.788%. How much does he have in his account after 6 years? a. $43,814.74 O b. $45,516.28 O c. $44,240.12 d. $42,538.58 O e. $43,389.35 Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
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
Problem 1PS
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3. the math of interest. please indicate if you are unsure or totally sure about the answer
![Boris is saving for the down payment on a house. He deposits $13,750.00 today, $6,000.00 in 5 months, and
$5,750.00 in 2 years. The account earns interest at the rate ¡(¹) = 9.788%. How much does he have in his account
after 6 years?
a. $43,814.74
b. $45,516.28
C. $44,240.12
d. $42,538.58
e. $43,389.35
Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4703214b-7b6d-48dc-8fec-73bc2badaa48%2F5d4ad90c-83ba-4cf5-9f0f-e439f0f55700%2Fm1vdveh_processed.png&w=3840&q=75)
Transcribed Image Text:Boris is saving for the down payment on a house. He deposits $13,750.00 today, $6,000.00 in 5 months, and
$5,750.00 in 2 years. The account earns interest at the rate ¡(¹) = 9.788%. How much does he have in his account
after 6 years?
a. $43,814.74
b. $45,516.28
C. $44,240.12
d. $42,538.58
e. $43,389.35
Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
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