Lu deposits $124 at the end every three months into an account that earns 4.35% compounded monthly. Find the future value of the account in 6 years and 6 months, and the interest earned. Round all answers to the nearest cent where applicable. P/Y= C/Y 12 Enter an integer or decimal number (more] PV = S Interest Earned $ Check Answer PMT= $ N= FV=S (enter a positive value) MY
Lu deposits $124 at the end every three months into an account that earns 4.35% compounded monthly. Find the future value of the account in 6 years and 6 months, and the interest earned. Round all answers to the nearest cent where applicable. P/Y= C/Y 12 Enter an integer or decimal number (more] PV = S Interest Earned $ Check Answer PMT= $ N= FV=S (enter a positive value) MY
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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Please answer all subparts without using Excel.
![Lu deposits $124 at the end every three months into an account that earns 4.35%
compounded monthly. Find the future value of the account in 6 years and 6 months,
and the interest earned.
Round all answers to the nearest cent where applicable.
P/Y=
C/Y=12
Enter an integer or decimal number (more..
PV = S
Interest Earned = $
Check Answer
PMT= $
N=
FV=S
(enter a positive value)
VY=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf26dfbc-11df-442b-897f-0d3a257a70a6%2F545e5b52-1aba-4345-9b7c-fa327ba0e880%2Fd6umia_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lu deposits $124 at the end every three months into an account that earns 4.35%
compounded monthly. Find the future value of the account in 6 years and 6 months,
and the interest earned.
Round all answers to the nearest cent where applicable.
P/Y=
C/Y=12
Enter an integer or decimal number (more..
PV = S
Interest Earned = $
Check Answer
PMT= $
N=
FV=S
(enter a positive value)
VY=
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