lo find out the balance in your account just after you make deposit whereby you will deposit $400 at the end of each the next 5 years at a nominal rate of 12% p.a. compoundec annually, you can also apply which of the following formula the accumulated amount manually:

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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To find out the balance in your account just after you make your last
deposit whereby you will deposit $400 at the end of each 6 months for
the next 5 years at a nominal rate of 12% p.a. compounded semi-
annually, you can also apply which of the following formula to solve for
the accumulated amount manually:
Select one:
O a. FV= PV(1+i)"
FV = PV(1+i)"
O b. PVn = PMT[1-(1+ i)*"] /i
1-(1+1)
PV = PMT|
FVn = PMT[(1+ i)" -1] / i
(1+i)"-1
FV = PMT
%3D
Transcribed Image Text:To find out the balance in your account just after you make your last deposit whereby you will deposit $400 at the end of each 6 months for the next 5 years at a nominal rate of 12% p.a. compounded semi- annually, you can also apply which of the following formula to solve for the accumulated amount manually: Select one: O a. FV= PV(1+i)" FV = PV(1+i)" O b. PVn = PMT[1-(1+ i)*"] /i 1-(1+1) PV = PMT| FVn = PMT[(1+ i)" -1] / i (1+i)"-1 FV = PMT %3D
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