Q: You deposit 300 today 500 one year from now and 600 four years from now into an account that earns 8 percent compounded annually How much money will you have 7 years from now?

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2500 * 1.06^3 = 2977.54

13468.02

Only if the 1% per month is compounded annually and not monthly.

He should deposit 17017.82

8029.35

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2500 * 1.06^3 = 2977.54

7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-

$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.

You will have 5000 dollars × (1 + 8/100)18 = 19,980 dollars.

13468.02

Only if the 1% per month is compounded annually and not monthly.

10 years

He should deposit 17017.82

$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter

year

compounded annually--$43,219 compounded quarterly--$44,402 compounded monthly-- $44,677 compounded daily--$44,812

8029.35