Calculating future value of annuity compounded quarterly

Assignment Help Mathematics
Reference no: EM13830292

Problem:

Calculate the future value of an ordinary annuity consisting of quarterly payments of $1200 for 5 years, if the rate of interest is10% compounded quarterly for the first 2 years and 9% compounded quarterly for the last 3 years.

Additional Information:

This problem is basically from Mathematics as well as it is about calculating the future value of an annuity compounded quarterly for last 3 years.

Reference no: EM13830292

Questions Cloud

Explain language and accent discrimination issue in canada : Explain the language and accent discrimination issue in Canada. In countries such as the US and Canada, there is a discrimination on accented speakers of English from the native speakers.
Calculating the difference between investing in rrsp : What is the better investment and by how much: putting $300 a month into an RRSP that pays 6% compounded monthly or putting $3600 at the end of each year into an RRSP that pay 8% compounded annually?
Computing the size of the payment for installment : John Doe borrowed $5,000 and agreed to repay the principal and interest at 15% compounded monthly in 25 equal monthly payments. The first payment is due in l½ years. How large is each payment?
Compare the ideologies and views of durkheim : The problem is about Sociology and the problem explores the comparing and contrasting the ideologies and views of Durkheim, Weber and Marx.
Calculating future value of annuity compounded quarterly : Calculate the future value of an ordinary annuity consisting of quarterly payments of $1200 for 5 years, if the rate of interest is10% compounded quarterly for the first 2 years and 9% compounded quarterly for the last 3 years.
Linear programming by using simplex method calculation : Use the simplex method for solving nonstandard problems to solve the given linear programming problem.
Calculate linear programming using simplex method : Use the simplex method for solving nonstandard problems to solve the given linear programming problem.
Explain negotiation particularly cross-cultural negotiation : The problem in Sociology and the problem is explains about negotiation, particularly cross-cultural negotiation. In the present times of globalization
Calculation of linear programming using simplex method : Use the simplex method for solving nonstandard problems to solve the given linear programming problem.

Reviews

Write a Review

Mathematics Questions & Answers

  Lloyd industrial cleaning supplies to large factories

Lloyd industrial cleaning supplies to large factories.

  How long will take to walk from first floor to eight floor

It takes you 50 seconds to walk from the first(ground) floor of a building to the fourth floor. How long will it take to walk from the first floor to the eight floor( at the same pace, assuming that all floors have the same height)

  Estimate the true proportion of students who have parents

A college believes that 28% of applicants to that school have parents who have remarried. How large a sample is needed to estimate the true proportion of students who have parents who have remarried to within 6 percentage points with 95% confidenc..

  How many hamburgers were sold on friday

on friday a local hamburger shop sold a c ombined total of 426 hamburgers and cheeseburgers. The number of cheeseburgers sold was two times the number of hamburgers sold. how many hamburgers were sold on friday?

  How much did he invest in each account

John invested $15,000 into two accounts paying 6% and 8% intreset. His total return at the end of the year was $1,112.55, how much did he invest in each account?

  What was the price of the stock after 8 hr

The value of EFX Corp. began the day at $17.68 per share and dropped $1.63 per hour for 8 hr. What was the price of the stock after 8 hr?

  Focus and directrix of parabola and ellipse

Find the equation of a parabola whose vertex is (0,0) and directrix is the line y=3. Find the vertex, focus, and directrix of (x-2)^2=12(y+1). Find the latus rectum and graph the parabola, making sure that all points and axis are labeled.

  What is the probability of underfilling the bottles

What is the probability of underfilling the bottles by at least 30ml?

  Determine the optimal daily production mix

The profit per ton is $40 per sheet and $35 per bar. Determine the optimal daily production mix.

  The one percent level of significance

The one percent level of significance

  Construct a table that shows all the possible results

Construct a table that shows all the possible results.

  What is the relationship between correlation and regression

What is the relationship between correlation and regression? Can you have one without the other? Why or why not?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd