Today, Thomas deposited $130,000 in a three year, 4% 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 doller (EX.SEX.SEVA.c.$3 and VA.of.55 Multiple Choice O O $140408 $145,600 $146.232

Today, Thomas deposited $130,000 in a three year, 4% 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 doller (EX.SEX.SEVA.c.$3 and VA.of.55 Multiple Choice O O $140408 $145,600 $146.232

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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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

Question

Today, Thomas deposited $130,000 in a three-year, 4% 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, PV of St. EVA of S1, and PVA of $0
Multiple Choice
O
$16,488
$145,000
$146232
$145088

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