Mrs. Rodrigues has made deposits of $850 at the end of every six months for twenty-five years. If interest is 4.2% compounded monthly, how much will Mrs. Rodrigues have accumulated after the last deposit? PMT= I/Y= C/Y = i= # of payment in one year = C= p= n = up to 4 decimal places FV = $ Total paid = $ Interest earned = $ up to 2 decimal places
Mrs. Rodrigues has made deposits of $850 at the end of every six months for twenty-five years. If interest is 4.2% compounded monthly, how much will Mrs. Rodrigues have accumulated after the last deposit? PMT= I/Y= C/Y = i= # of payment in one year = C= p= n = up to 4 decimal places FV = $ Total paid = $ Interest earned = $ up to 2 decimal places
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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Transcribed Image Text:Mrs. Rodrigues has made deposits of $850 at the end of
every six months for twenty-five years. If interest is 4.2%
compounded monthly, how much will Mrs. Rodrigues have
accumulated after the last deposit?
PMT=
I/Y=
C/Y =
i=
# of payment in one year =
C =
p=
n =
up to 4 decimal places
FV = $
Total paid = $
Interest earned = $
up to 2 decimal places
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