contestada

Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. Whatis the maturity value of the CD?A) $109,270.B) $119,410.C) $142,576D) $309,090

Respuesta :

Answer:

C) $142,576

Explanation:

The computation of the maturity value of the CD is shown below:

We use the future value formula that is shown in the spreadsheet.  

Given that,  

Present value = $100,000

Rate of interest = 12%  ÷ 4 quarters = 3%

NPER = 3 years × 4 quarters = 12 years

PMT = $0

The formula is shown below:

= -FV(Rate;NPER;PMT;FV;type)

The future value is $142,576

Ver imagen andromache

Otras preguntas