Lee Holmes deposited $17,300 in a new savings account at 12% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $42,300 at 12% interest compounded semiannually. At the end of 6 years, what is the balance in Lee’s account? (Do not round intermediate calculations. Round your answer to the nearest cent.) I keep doing exactly what i am supposed to and it keeps telling me I am wrong. The answer I have gotten is 94,812.61
Risk and return
Before understanding the concept of Risk and Return in Financial Management, understanding the two-concept Risk and return individually is necessary.
Capital Asset Pricing Model
Capital asset pricing model, also known as CAPM, shows the relationship between the expected return of the investment and the market at risk. This concept is basically used particularly in the case of stocks or shares. It is also used across finance for pricing assets that have higher risk identity and for evaluating the expected returns for the assets given the risk of those assets and also the cost of capital.
Lee Holmes deposited $17,300 in a new savings account at 12% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $42,300 at 12% interest compounded semiannually.
At the end of 6 years, what is the balance in Lee’s account? (Do not round intermediate calculations. Round your answer to the nearest cent.)
I keep doing exactly what i am supposed to and it keeps telling me I am wrong. The answer I have gotten is 94,812.61
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