The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

Question

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Answer 1

Question

Chapter 4, Problem 18P

a)

Summary Introduction

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

b)

Summary Introduction

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

c)

Summary Introduction

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

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Answer 2

Question

Chapter 4, Problem 18P

a)

Summary Introduction

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

b)

Summary Introduction

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

c)

Summary Introduction

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

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Answer 3

Question

Chapter 4, Problem 18P

a)

Summary Introduction

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

b)

Summary Introduction

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

c)

Summary Introduction

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

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Answer 4

Question

Chapter 4, Problem 18P

a)

Summary Introduction

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

b)

Summary Introduction

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

c)

Summary Introduction

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

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Answer 5

Chapter 4, Problem 18P

a)

Summary Introduction

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

b)

Summary Introduction

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

c)

Summary Introduction

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

Answer 6

Chapter 4, Problem 18P

a)

Summary Introduction

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

Answer 7

Chapter 4, Problem 18P

a)

Summary Introduction

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

Answer 8

b)

Summary Introduction

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

Answer 9

b)

Summary Introduction

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

Answer 10

c)

Summary Introduction

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

Answer 11

c)

Summary Introduction

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

Answer 12

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Answer 13

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Answer 14

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Answer 15

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The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

Solution Summary: The author calculates the future value of 400 for 5 years semiannually compounded at a nominal rate of 12%. The present value is 5,374.07.

To determine: The future value of $400 each 6months for 5 years semiannually compounded at the nominal rate of 12%.

To determine: The future value of $200 for each 3 months for 5 years quarterly compounded at a nominal rate of 12%.

To determine: The reason why the annuity in part b acquires 101.75 extra than part a during the 5 years.

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