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Posted on Jul 29, 2011
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You are to make a series of quarterly deposits of 12500 in the bank that pays 14% every 3 months. if your first deposit is mAde on february 15, 2007 and the last in august 15, 2013, how much will these deposits amount to? use ordinary time to determine t.

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kakima

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  • Cameras Master 102,366 Answers
  • Posted on Jul 29, 2011
kakima
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If the bank truly pays 14% quarterly (which works out to about 69% annually) then the final amount is about 2,604,159 .
If the bank actually pays 14% annually compounded quarterly then the final amount is about 534,766 .

Without knowing what make and model camera (or calculator) you're using, I can't give you the exact sequence to calculate these values.

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0helpful
1answer

Wife died. I was gone out oftown and had a late payment. Payment record is excellent for 20 years. Will go to automatic bank if necessary. I want to avoid the deposit payment. Suggestions?

-You mean you want to make payment automatic each month from your bank account instead mail in or pay by phone...?
-It's very sample:
-Just call the companies that you want to pay them that you want to make automatic payment each month from your bank account.
-They will ask you the bank routing number, account number and what type account like checking or saving.
-After they got all your informations and your authorization then
they will begin to automatic withdraw or take it out from your bank each month, on it's billing circle and base on the amount of each month.
-Just make sure you keep deposit enough fund there before all the withdrawals.

-It's very sample.

Good luck and enjoy

Mai
0helpful
1answer

My benefits are automatic deposits that are deposited on the third day of the month. if the third falls on a Sunday will I recieve my deposit on the preciding Friday? 11-3 deposited on 11-1?

You'll have to ask the organization paying the benefits. Some organizations will pay before the date if it falls on a weekend or holiday, others will pay after. FixYa cannot tell you another organization's payment policies, even if you had bothered to name that organization.
0helpful
2answers

My name is willie berry and i am try see when i am going to get payed can you let me know

Google racks up the money you've made by the end of the month, then they go through a two week process of calculating it and checking the statistics of your traffic and ad clicks. You will then be paid after if you've been accepted.


For example.

Ad Clicks for the Month of April will be processed on the first day of May, two weeks of checking over the traffic & ad clicks minimum, then the payment should be received by the end of the month of May.
0helpful
1answer

A sum of Rs 500 deposited in a bank which pays interest at the rate of 6 percent compounded semi anually. What will be the value of the deposit in 18 months? ...

@ 6mo = 500 x 6/100 + 500 = 530
@12mo = 530 x 6/100 + 530 = 561.80
@ 18mo = 561.80 x 6/100 + 561.80 = 595.508 ~ 595.51 (rounded)
6helpful
2answers

How is interest calculated on recurring deposit accounts in banks

Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator
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Have you got any payment from fixya?

Sorry, been busy of late and hadn't checked my email.

I was emailed a tax form, which I filled out and faxed back to a number they provided, and they just sent the money via paypal to my email address. It was actually very simple.

I received it in the first week of the third month I was there. So if I expect you'll receive yours some time in the first week of February. I'm not sure exactly how much work it is for them to calculate payments, but I don't think it's entirely automated, so it takes a few days.
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