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Steve deposits a certain amount of money into her savings account at the beginning of each quarter for the next 5 years. She wants to have 5 000 000 Php after 5 years. If the interest rate is 8% compounded quarterly, how much does he have to deposit at the beginning of each quarter?   1. Choose the variable being asked. a. F b. A c. R d. N e. None of the above   2. Choose the option that contains all the given facts. a. R = 5 000 000; n=4; t=4; N=16; r=8% b. F = 5 000 000; n=4; t=5; N=16; r=8% c. R = 5 000 000; n=12; t=4; N=16; r=8% d. F = 5 000 000; n=4; t=5; N=20; r=8% e. None of the above   3. What is the appropriate equation to solve the problem? a. ?[((1+?/?)^?−1)/(?/?)] b. ?[(? − (?+?/?)^(−?))/(?/?)] c. ?(1+?/?)[(1 −(1+?/?)^(−?))/(?/?)] d. ?(1+?/?)[((1+?/?)^? −1)/(?/?)] e. None of the above   4. How much does Steve have to deposit at the beginning of each quarter?

Steve deposits a certain amount of money into her savings account at the beginning of each quarter for the next 5 years. She wants to have 5 000 000 Php after 5 years. If the interest rate is 8% compounded quarterly, how much does he have to deposit at the beginning of each quarter?   1. Choose the variable being asked. a. F b. A c. R d. N e. None of the above   2. Choose the option that contains all the given facts. a. R = 5 000 000; n=4; t=4; N=16; r=8% b. F = 5 000 000; n=4; t=5; N=16; r=8% c. R = 5 000 000; n=12; t=4; N=16; r=8% d. F = 5 000 000; n=4; t=5; N=20; r=8% e. None of the above   3. What is the appropriate equation to solve the problem? a. ?[((1+?/?)^?−1)/(?/?)] b. ?[(? − (?+?/?)^(−?))/(?/?)] c. ?(1+?/?)[(1 −(1+?/?)^(−?))/(?/?)] d. ?(1+?/?)[((1+?/?)^? −1)/(?/?)] e. None of the above   4. How much does Steve have to deposit at the beginning of each quarter?

Essentials Of Investments
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
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Steve deposits a certain amount of money into her savings account at the beginning of each quarter for the next 5 years. She wants to have 5 000 000 Php after 5 years. If the interest rate is 8% compounded quarterly, how much does he have to deposit at the beginning of each quarter?
 
1. Choose the variable being asked.
a. F
b. A
c. R
d. N
e. None of the above
 
2. Choose the option that contains all the given facts.
a. R = 5 000 000; n=4; t=4; N=16; r=8%
b. F = 5 000 000; n=4; t=5; N=16; r=8%
c. R = 5 000 000; n=12; t=4; N=16; r=8%
d. F = 5 000 000; n=4; t=5; N=20; r=8%
e. None of the above
 
3. What is the appropriate equation to solve the problem?
a. ?[((1+?/?)^?−1)/(?/?)]
b. ?[(? − (?+?/?)^(−?))/(?/?)]
c. ?(1+?/?)[(1 −(1+?/?)^(−?))/(?/?)]
d. ?(1+?/?)[((1+?/?)^? −1)/(?/?)]
e. None of the above
 
4. How much does Steve have to deposit at the beginning of each quarter?
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