12. Keys Company has a target of establishing a fund of $50 000. If $10 000 is depositedat the end of every six months, and the fund earns interest at 4% compoundedquarterly, how long will it take to reach the target?

Future value refers to the compounded value of the cash flow or annuity after a given period at an…

Answered: 12. Keys Company has a target of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...

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12. Keys Company has a target of establishing a fund of $50 000. If $10 000 is deposited at the end of every six months, and the fund earns interest at 4% compounded quarterly, how long will it take to reach the target?