$MathMaster logo$

MathMaster

Home
general
calculate the final amount as of september 15 2024 of an investment that laura made and that experienced the following cha

Question

Calculate the final amount as of September 15, 2024, of an investment that Laura made and that experienced the following changes during its validity: Laura made an initial deposit of $150,000 on February 5, 2021, into the "Caja de Inversiones Futuro Seguro" (Secure Future Investment Fund) that offered 10.5% annual interest compounded every quarter. The money remained invested for 500 days, until June 20, 2022. On June 20, 2022, Laura added an additional $50,000 to the same account, and the interest rate was adjusted to 7.5% per year compounded quarterly. The total amount will remain invested for 818 days, until September 15, 2024. a) How much will be the total amount you will receive upon maturity of your investment? Use the calendar year to perform your calculations.

98

likes

489 views

Answer to a math question Calculate the final amount as of September 15, 2024, of an investment that Laura made and that experienced the following changes during its validity: Laura made an initial deposit of $150,000 on February 5, 2021, into the "Caja de Inversiones Futuro Seguro" (Secure Future Investment Fund) that offered 10.5% annual interest compounded every quarter. The money remained invested for 500 days, until June 20, 2022. On June 20, 2022, Laura added an additional $50,000 to the same account, and the interest rate was adjusted to 7.5% per year compounded quarterly. The total amount will remain invested for 818 days, until September 15, 2024. a) How much will be the total amount you will receive upon maturity of your investment? Use the calendar year to perform your calculations.

$Expert avatar$

4.6

110 Answers

t_1 = \frac{500}{365} \approx 1.3699

A_1 = 150,000 \left(1 + \frac{0.105}{4}\right)^{4 \times 1.3699} \approx 172,883.07

P_2 = 172,883.07 + 50,000 = 222,883.07

t_2 = \frac{818}{365} \approx 2.2411

A_2 = 222,883.07 \left(1 + \frac{0.075}{4}\right)^{4 \times 2.2411} \approx 263,268.16

Answer:

A_2 \approx 263,268.16

Frequently asked questions (FAQs)

What is the area of a triangle with side lengths 5, 12, and 13 according to Heron’s formula?

+

What is the value of 'a' in the equation of the parabola y = ax^2 if the vertex is (-1, 4) and it passes through the point (2, 12)?

+

Question: In how many ways can 5 people be arranged in a line?

+

New questions in Mathematics

a ferry travels 1/6 of the distance between two ports in 3/7 hour. the ferry travels at a constant rate. at this rate, what fraction of the distance between the two ports can the ferry travel in one hour?

Jose bought 3/4 of oil and his sister bought 6/8, which of the two bought more oil?

If O(3,-2) is reflected across x = 2. What are the coordinates of O

4x-3y=24 and 5x-2y=9 solve by elimination

Credit title that represents a payment order. This model, which emerged in Brazil, can only be issued in two specific situations: in the purchase and sale of commercial products or in the provision of services. Select the correct alternative: Question 6Answer The. Present value B. Promissory note w. Present value d. Duplicate It is. Bill of exchange

how many arrangement can be made of 4 letters chosen from the 8 letters of the world ABBSOLUTE

Suppose the Golf ball market is perfectly competitive and the functions are known: Q = 120 – 2Px – 2Py 0.2I Q = 2Px 40 Where I = Consumers' income ($200) and Py = Price of Good Y (40) Calculate the equilibrium elasticity: a) 1.6 b) -6 c) 6 d) 0.6

Three squares have a total area of 35.25 𝑐𝑚2 . The larger square has twice the side-length of the middle-sized square. The smaller square has its side length exactly 0.5 cm smaller than the middle-sixed square. Find the side lengths of each of the three squares.

Let v be the set of all ordered pairs of real numbers and consider the scalar addition and multiplication operations defined by: u+v=(x,y)+(s,t)=(x+s+1,y+t -two) au=a.(x,y)=(ax+a-1,ay-2a+2) It is known that this set with the operations defined above is a vector space. A) calculate u+v is au for u=(-2,3),v=(1,-2) and a=2 B) show that (0,0) #0 Suggestion find a vector W such that u+w=u C) who is the vector -u D) show that axiom A4 holds:-u+u=0

Quadratic equation 2X = 15/X + 7

(X+2)(x+3)=4x+18

A multiple choice exam is made up of 10 questions; Each question has 5 options and only one of them is correct. If a person answers at random, what is the probability of answering only 3 good questions?

Solve for B write your answer as a fraction or as a whole number. B-1/7=4

The average undergraduate cost per tuition, fees, room, and board for all institutions last year was $26,025. A random sample of 40 institutions of higher learning this year indicated that the mean tuition, fees, room, and board for the sample was $27,690, and the population standard deviation is $5492. At the 0.05 level of significance, is there sufficient evidence that the cost has increased? (Remember to follow the steps in hypothesis testing)

Find the set of points formed by the expression 𝜋<|𝑧−4+2𝑖|<3𝜋.

Consider the function f(x)=1/2(x+1)^2-3. Use the preceding/following interval method to estimate the instantaneous rate of change at 𝑥 = 1.

How many digits are there in Hindu-Arabic form of numeral 26 × 1011

A plant found at the bottom of a lake doubles in size every 10 days. Yeah It is known that in 300 days it has covered the entire lake, indicate how many days it will take to cover the entire lake four similar plants.