You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below? 1 2 3 26 27 28 29 30 5% 7% 5% 7% 5% 7% 5% %7 F? 2000 1000 2000 1000 1000 2000 1000 2000 1000 Select one: O a. 117724 O b. 90000 O c. 120408 O d. 106141 O e. 18050

You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below? 1 2 3 26 27 28 29 30 5% 7% 5% 7% 5% 7% 5% %7 F? 2000 1000 2000 1000 1000 2000 1000 2000 1000 Select one: O a. 117724 O b. 90000 O c. 120408 O d. 106141 O e. 18050

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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Assume that you can invest to earn a stated annual rate of return of 12 percent, but where interest is compounded semiannually. If you make 20 consecutive semiannual deposits of $500 each, with the first deposit being made today, what will your balance be at the end of Year 20? Group of answer choices $52,821.19 $57,900.83 $58,988.19 $62,527.47 $64,131.50
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Emit wants to make an initial payment P at Year 0 hoping to get $400 annually from Year 5 to Year 10 (6 Years). How much should the initial payment be at an 8% interest rate?
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