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Katarina [22]
2 years ago
9

If Mia saves $200 per quarter at 10 percent compounded quarterly, how much will she have at the end of 28 years

Business
1 answer:
UkoKoshka [18]2 years ago
3 0

If Mia saves $200 per quarter at 10 percent compounded quarterly, how much will she have at the end of 28 years Savings per quarter, PMT = $100 Interest rate = 9% compounded quarterly q = Number of quarters per year = <u>4 Quarterly rate, r = Interest rate/q r = 9%/4 r = 0.0225 Number of years = 30 Number of quarterly payments,</u>

<h3>What is Savings ?</h3>

Savings are the funds that remain after subtracting a person's consumer spending from their disposable income during a specific time period. Savings, then, is what's left over after all bills and commitments have been fulfilled for an individual or household.

Cash or cash equivalents (such as bank deposits) are used to store savings since they carry no danger of loss but also offer very low returns. Savings can increase through investing, but doing so involves putting money at risk.

To learn more about Savings from the given link:

brainly.com/question/27904763

#SPJ4

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Answer:

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Explanation:

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egoroff_w [7]

Answer:

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Explanation:

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4 0
4 years ago
When the bond sells at par, the implicit €/$ exchange rate at maturity of a Euro/U.S. dollar dual currency bond that pays $651.2
Anna007 [38]

Answer:

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3 years ago
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