Cristina invests $140.00 a quarter for 9 years into an account earning 9% compounded quarterly. After 9 years, she leaves the money, without making additional deposits, in the account for another 18 years. How much will she have in the end and what is the total amount of her deposits? Cristina will have in her account at the end of 27 years and is the total amount of deposits she made. Hint
Cristina invests $140.00 a quarter for 9 years into an account earning 9% compounded quarterly. After 9 years, she leaves the money, without making additional deposits, in the account for another 18 years. How much will she have in the end and what is the total amount of her deposits? Cristina will have in her account at the end of 27 years and is the total amount of deposits she made. Hint
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cristina invests $140.00 a quarter for 9 years into an account earning 9% compounded quarterly. After 9 years, she leaves the money, without making additional deposits, in the account for another 18 years. How much will she have in the end and what is the total amount of her deposits?
Cristina will have in her account at the end of 27 years and is the total amount of deposits she made. Hint
Adam didn't invest anything for the first 9 years, then deposited $140 a quarter for 18 years into an account earning 9% compounded quarterly. How much will he have in the end and what is the total amount of his deposits?
Adam will have in her account at the end of 27 years and is the total amount of deposits he made.
Cristina will have in her account at the end of 27 years and is the total amount of deposits she made. Hint
Adam didn't invest anything for the first 9 years, then deposited $140 a quarter for 18 years into an account earning 9% compounded quarterly. How much will he have in the end and what is the total amount of his deposits?
Adam will have in her account at the end of 27 years and is the total amount of deposits he made.
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