If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find th

Question

Sonbull [250]

2 years ago

14

If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find th

e amount he will have at the end of the 10 years.
a.
$98,272.92
c.
$94,625.32
b.
$98,828.28
d.
$95,876.82

Mathematics

2 answers:

BartSMP [9] · Answer 1 · 2022-03-24T09:46:52+03:00

BartSMP [9]2 years ago

5 0

Answer:

A. $98,272.92

Step-by-step explanation:

Edge2020

Leto [7] · Answer 2 · 2022-03-24T07:27:49+03:00

Answer:

A

Step-by-step explanation:

R = $7,500, i = 12% interest compounded semiannually for 3 years ... 12) Payments of $500 made at the beginning of each year for 7 years at 12% ... 15) If Bob deposits $5,000 at the end of each year for 8 years in an account paying 10% ... annually, find the amount he will have on deposit. $ 575.25. N=8. To = 10.