Today, Thomas deposited $130,000 in a three-year, 12% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. EV of S1, PVDES1. EVA of $1. and EVA of $.1).
Today, Thomas deposited $130,000 in a three-year, 12% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. EV of S1, PVDES1. EVA of $1. and EVA of $.1).
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:**Investment Calculation Example**
Today, Thomas deposited $130,000 in a three-year, 12% investment account that compounds quarterly. What is the maturity value of the investment account?
**Note:** Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar.
- Present Value of $1 (PV of $1)
- Future Value of $1 (FVA of $1)
- Present Value Annuity of $1 (PVA of $1)
- Future Value Annuity of $1 (FVA of $1)
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