Friday

March 27, 2015

March 27, 2015

Posted by **plz help** on Saturday, April 30, 2011 at 6:16pm.

- math -
**MathMate**, Saturday, April 30, 2011 at 9:29pmAssume 2% is per quarter (not per annum).

so R=1.02, n=4 quarters, and rent, P=$2000.

Future value

P(R+R^2+R^3+R^4)

= PR(1+R+R^2+R^3)

=PR (R^4-1)/(R-1)

=2000*1.02*(1.02^4-1)/(1.02-1)

=$8408.08

**Answer this Question**

**Related Questions**

(basic)accounting help plz! - June 1: Rented office space and paid three months...

math - Suppose a young couple deposits $700 at the end of each quarter in an ...

math - Hello, I'm having a hard time fingering our this question. Not really ...

Math - Meg's pension plan is an annuity with a guaranteed return of 7% per year...

Finance - Find the least amount that could be deposited in a bank account today ...

calculus - Meg's pension plan is an annuity with a guaranteed return of 4% per ...

math 10 - Theo deposited $1,250 in a savings account that pays 6% interest, ...

math - Meg's pension plan is an annuity with a guaranteed return of 6% per year...

Business math - Meg's pension plan is an annuity with a guaranteed return of 3% ...

college Accounting - The ledger of Piper Rental Agency on March 31 of the ...