Mathematics, 17.02.2021 23:00 travisvb
Please help!
Jonathon saves $4,000 at the end of each quarter for 10 years. Assume 12% compounded quarterly and find the present value.
A. $35,008.24
B. $92,459.08
C. $105,623.10
D. $88,459.08
Kaitlyn hopes to attend a college where tuition is $24,000 per year. She believes that tuition will increase at 4% for the 3 years until she plans to enter college. Find the quarterly payments needed to accumulate funds to pay the first year’s tuition if funds earn 8% compounded quarterly.
A. $1,597.20
B. $34.05
C. $2,012.87
D. $2,561.30
Answers: 3
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Jonathon saves $4,000 at the end of each quarter for 10 years. Assume 12% compounded q...
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