How much would you have to deposit into savings account, Financial Accounting

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How much would you have to deposit into savings account

Response to the following questions:

1. How much would you have to deposit into a savings account that earns 2% interest compounded quarterly, to have a balance of $2,000 at the end of four years, if you make no withdrawals?

2. What is the present value of $5,000 to be received five years from now, if the nominal annual interest rate (APR) is 12% and interest is compounded:

a. annually?

b. semiannually?

c. quarterly?

d. monthly?

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Financial Accounting: How much would you have to deposit into savings account

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Financial Accounting: How much would you have to deposit into savings account

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