Juan Has Two Investment Accounts

question 65

Multiple Choice

Juan has two investment accounts. The first had Juan make monthly deposits of $375 per month over 5 years at a rate of 4.4% compounded semi-annually. The second investment required Juan make an initial $5,000 deposit along with $125 quarterly deposits over a 5-year period at a rate of 3.5% compounded monthly. Determine the combined future value of both investments at the end of five years.

• A) $35,186.27
• B) $34,764.53
• C) $34,011.67
• D) $33,764.53
• E) $33,011.67

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Definitions:

White Men

Refers to adult human males identified as having Caucasian or European ancestry.

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