1 if you invest 50 at the end of each month for 12 years, Ask an Expert

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1. If you invest $50 at the end of each month for 12 years into an account paying 7.5% compounded monthly, to what amount will your investment accumulate at the end of the twelve years?

2. If you invest $1,000 today into a deposit account earning 5.75% interest compounded monthly, how much would your investment be worth in 10 years?

3. Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 8.0 % Quarterly % 17.0 Monthly 13.0 Daily 10.0 Infinite

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92793250

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