How much will she have at the end of fourth year

Reference no: EM13267658

Gina has planned to start college education in four years from now. To pay for her college education, she has decided to save $1,000 a quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly). How much will she have at the end of fourth year? (Round to the nearest whole dollar)

Reference no: EM13267658

Questions Cloud

Determine the molarity of the carbonate in the solution : Find the molarity of the carbonate in the solution. A solution is prepared by dissolving 11.60g of a mixture of sodium carbonate and sodium bicarbonate in 1.00 L of water. A 300.0-cm^3 sample of the solution is then treated with excess HNO3 and boi..

What is the difference in the future value of savings : What is the difference in the future value of savings between investing in an active fund and a passive fund?

What are the ways these two issues can be resolved : What are the two most important reasons for why technology is not adopted? What can be done about them and what are the ways these two issues can be resolved?

Technological transformation the knowledge revolution : Do you agree with the assertion that we are now living in a third-great technological transformation the Knowledge Revolution? Have computers truly changed our lives so much that we can call this a revolution like the Industrial Revolution of the 18t..

How much will she have at the end of fourth year : she has decided to save $1,000 a quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly). How much will she have at the end of fourth year? (Round to the nearest whole dollar)

Explain the small bubbles that form on the bottom of a water : The small bubbles that form on the bottom of a water pot that isbeing heated (before boiling) are due to dissolved air coming outof solution.

The term nanotechnology was first used to refer : The term nanotechnology was first used to refer to

Determine impedance of the load and primary current : A 200-kVA, 2300\230-V, 60-Hz transformer operating at rated voltage in the step-down mode is supplying 150 kVA at 0.654 power-factor lagging. Assume the transformer is ideal. Determine (a) secondary current; (b) impedance of the load; (c) primary ..

Compare and contrast the different types of exchanges : Compare and contrast the different types of exchanges. In your opinion why would a trader choose one over the other? Which would you choose? Why?

User Account

All Pages