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QUESTION 9 Suppose you will deposit $3,500 every year for the next 25 years in a savings account that earns 3,5% compounded yearly. What is the future value of this series at year 25 if payments are made at the beginning of the period? O 39,843.56 O 97,374.64 O 141,095.86 O 71,590.65

QUESTION 9 Suppose you will deposit $3,500 every year for the next 25 years in a savings account that earns 3,5% compounded yearly. What is the future value of this series at year 25 if payments are made at the beginning of the period? O 39,843.56 O 97,374.64 O 141,095.86 O 71,590.65

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 9 Suppose you will deposit $3,500 every year for the next 25 years in a savings account that earns 3,5% compounded yearly. What is the future value of this series at year 25 if payments are made at the beginning of the period? O 39,843.56 O 97,374.64 O 141,095.86 O 71,590.65 QUESTION 10 In case you deposit $2,500 every year for 20 years in a savings account that earns 10% compounded yearly. What is the future value of this series in year 20? Suppose the payments are made at the beginning of the period. O 125,919.57 O 113,843.56 O 157,506.25 122,629.92
Transcribed Image Text:QUESTION 9 Suppose you will deposit $3,500 every year for the next 25 years in a savings account that earns 3,5% compounded yearly. What is the future value of this series at year 25 if payments are made at the beginning of the period? O 39,843.56 O 97,374.64 O 141,095.86 O 71,590.65 QUESTION 10 In case you deposit $2,500 every year for 20 years in a savings account that earns 10% compounded yearly. What is the future value of this series in year 20? Suppose the payments are made at the beginning of the period. O 125,919.57 O 113,843.56 O 157,506.25 122,629.92
QUESTION 11 What is the equivalent value in period 3 of a series consisting of 10 yearly deposits of $5,000 considering an 8% interest compounded yearly. 32,263.85 O 10,803.23 O 6,134.67 31,238.22 QUESTION 12 You have taken a loan of $300,000 loan over 12 years at a 3% interest rate compounded monthly, which is reimbursed with monthly payments. What is the principal portion of the 73rd payment? 2,314.18 O2,074.74 O654.56 O 449.86
Transcribed Image Text:QUESTION 11 What is the equivalent value in period 3 of a series consisting of 10 yearly deposits of $5,000 considering an 8% interest compounded yearly. 32,263.85 O 10,803.23 O 6,134.67 31,238.22 QUESTION 12 You have taken a loan of $300,000 loan over 12 years at a 3% interest rate compounded monthly, which is reimbursed with monthly payments. What is the principal portion of the 73rd payment? 2,314.18 O2,074.74 O654.56 O 449.86
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