On September 1, 2010, you decided to put $ 14000 in a money market fund. On March 1, 2015, you deposit another $ 17000 and on Jan 1, 2018, you added another $ 18000. This fund pays interest at the annual rate of 7.2%, compounded monthly. Find the future value of the fund on January 1, 2019, one year after the third deposit. a. $ 72654.78 b. $ 69291.83 c. $ 67188.54 d. $ 72762.50

On September 1, 2010, you decided to put $ 14000 in a money market fund. On March 1, 2015, you deposit another $ 17000 and on Jan 1, 2018, you added another $ 18000. This fund pays interest at the annual rate of 7.2%, compounded monthly. Find the future value of the fund on January 1, 2019, one year after the third deposit. a. $ 72654.78 b. $ 69291.83 c. $ 67188.54 d. $ 72762.50

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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