Friday

July 25, 2014

July 25, 2014

Posted by **Diane** on Tuesday, August 2, 2011 at 3:14pm.

- Math -
**Reiny**, Tuesday, August 2, 2011 at 4:25pmwill assume you are making 14 deposits, the first one 6 months from now, and then leave the balance alone for another year.

Amount at the last deposit

= 900[ 1.03^14 - 1]/.03 = 15377.69

Value at the end of 8 years = 15377.69(1.03)^2 = 16314.19

**Related Questions**

Math - Roiger made deposits of $900 semiannually to the bank, which pays 6% ...

FINANCE - You deposit $2,000 in an account that pays 8% interest compounded ...

math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...

Business Math - Shelley Katz deposited $30,000 in a savings account at 5% ...

math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...

Finance - You deposit $1000 in an account that pays 8% interest compounded ...

Finance - Bob Bryan made deposits of $10,000 at the end of each quarter to Lion ...

Math - Lee Holmes deposited $15,000 in a new savings account at 9% interest ...

MATH HOMEWORK HELP PLEASE ANSWER - Lee Holmes deposited $15,000 in a new savings...

Business math - Sam Monte deposits $21,500 into Legal Bank which pays 6 percent...