Finance
posted by D Johnson .
Bob Bryan made deposits of $10,000 at the end of each quarter to Lion Bank, which pays 8% interest compounded quarterly. After 9 years, Bob made no more deposits. What will be the account's balance 4 years after the last deposit? (p. 317)
Respond to this Question
Similar Questions

Annuities
Vic French mad deposits of 5000 at the end of each quarter to book bank, which pays 8% intrest compounded quarterly. After 3 years, Victor made no more deposits. What will be the balance in the account 2 years after the last deposit? 
essential Mathematics
if on the first of january a savings account has a balance of $3,200, what amount will be there in this account after three years if the bank gives 6% per year interest compounded quarterly? 
math
Suppose a young couple deposits $700 at the end of each quarter in an account that earns 7.1%, compounded quarterly, for a period of 6 years. After the 6 years, they start a family and find they can contribute only $200 per quarter. … 
Math
Roiger made deposits of $900 semiannually to the bank, which pays 6% interest compounded semiannually. After 7 yrs., he makes no more deposits. What would be the balance in the account 8 yrs. later from the last deposit? 
business math
roger fox made deposits of $ 900 semiannualy to Reel Bank which pays 6% interest compounded semiannualy. After seven years, Roger made no more deposits. What would be the ballance in the accounnt eight years later from the last deposit? 
Economics  Finance
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? 
business
Susie has decided to make deposits at the end of each quarter in the amout of $5,000. After three years, she makes more deposits and just lets the money sit there for two more years. What will be the balance in the account at the end … 
Mathematics and investment
1. Angelo wants to renovate his house in 3 years. He estimates the cost 300,000. How much must Angelo invest now at 8% compounded quarterly in order to have 300,000 3 years from now. 2. Angelo Ancis want to save 500,000 in 5.5 years … 
math
Juanita Finn deposits $12,000 into an account at Valley Bank that pays 8% interest compounded quarterly. At the end of 5 years, how much will Juanita have in her account? 
math
Bob places $5,000 in a special account that accumulates interest compounded annually. Assuming no additional deposits or withdrawals, how much will be in the account after 7 years if the interest rate is 8.5% per annum for first 4 …