Q: What is the future value of a single $5,000 deposit earning 8 percent interest, compounded monthly,…
A: Formula:
Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…
A: Interest rate is the rate that is charged on the money (Principal) lent by the lender to the…
Q: How much must be deposited at the beginning of each year in an account that pays 3% compounded…
A: Time value tells that amount received today is of more value than that of receiving the exact value…
Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…
Q: How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest…
A: Future value can be referred to as the value of an underlying asset or security at a future date.…
Q: If $1,300 is deposited each quarter in an account that earns 2% compounded quarterly, how many full…
A: To calculate the number of payments, future value of annuity formula will be used. where C is…
Q: One year from today you must make a payment of $4,000. To prepare for this payment,you plan to make…
A: Excel Spreadsheet: Excel Workings:
Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…
A: Future value of a value is the amount which the grow from the principal amount to future amount with…
Q: If you deposited $18000 and the bank is paying 7% interest compounded monthly, how much would be…
A: We know that the formula to calculate the accumulated value of cash flow is C*(1+r)n, where C is the…
Q: If you deposit $8700 today in an account that pays 8.5% per year, compounded quarterly, how much…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: If the bank is paying 12% interest compounded semiannually, how much must you deposit today in your…
A: Formulae for present value is, Present value = Future value / (1+(r/n))t*n Where 'r' is rate of…
Q: IF you deposit $300 each quarter into an account earning 3.2% compunded quarterly, how many years…
A: Quarterly payment (PMT) is $300. Annual rate of return is 3.2% and Rate of return per quarter is…
Q: Suppose you deposit $1,250 at the end of each quarter in an account that will earn interest at an…
A: Computations as follows: Hence, the amount available at the end of four year is $24,225.28.
Q: How much will the account contain after 9 years and 3 months? How much interest will be earned?
A: Deposit amount = $600 Interest Rate = 5±70 compounded quarterly i.e 4.3 or 5.7 compounded quarterly…
Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…
A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58
Q: You deposit $201 at the end of each quarter into an account that pays a nominal annual rate of 16%…
A: The account value at end of 15 years can be calculated with the help of future value of annuity…
Q: How much must be deposited at the beginning of each year in an account that pays 7%, compounded…
A: Here, The future value is FV i.e $28,000 The rate of interest is r i.e. 7% The maturity is n i.e 10…
Q: Suppose you invest $1,500.00 in an account with an annual interest rate of 6% compounded monthly (6%…
A: Monthly deposit = $125 Monthly interest = 0.5% In contrasts to a fee that the borrower may pay the…
Q: Suppose you deposit $22.000 in an account today that pays 6% interest, compounded annually. How long…
A: Information Provided: Initial deposit = $22,000 Future value = $76,000 Interest rate = 6% compounded…
Q: How much money must initially be deposited in a savings account paying 5% per year, compounded…
A: Formulas:
Q: You deposit $5000 at the beginning of each year into an account earning 3% interest compounded…
A: Introduction: Annuity Due: It refers to the series or stream of equal payments made at the beginning…
Q: If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Given data; deposit amount = $5500 rate of interest = 7% Future value of annuity = $90,000
Q: You wish to save $76000 in an account which pays 5% compounded semiannually by making annual…
A: FUTURE VALUE OF ANNUITY =A×1+RMN×m-1RM WHERE, A=annuity R=rate of interest N= number of years M=…
Q: If you deposit $3,500 into an account earning an annual rate of 11% what would your account be worth…
A: To calculate the value of account after 35 years we will use the below formula Value after 35…
Q: Suppose 500$ is initially placed in savings account and 500$ is deposited at the end of every month…
A: Future Value of Cash Flow = Amount Invested * ( 1+r)n Where r is Rate of Interest and n is period…
Q: You make deposits of $300 each year for the next 17 years at 5 % compounded annually. How much is in…
A: Annual deposit (P) = $300 Interest rate (r) = 5% Period (n) = 17 Years
Q: If you contribute $1000.00 into an RRSP every six months for fifteen years and interest on the…
A: GIVEN, pmt =$1000 NPER = 15 X 2 =30 RATE = 8%2=4% PV=0
Q: You deposit $3000 in an account that pays 88% interest compounded semiannually. After 33 years,…
A: Amount deposited, P = $ 3,000Future value of P deposited in an account offering annual interest rate…
Q: If you invest $2,538.00 in an account earning an annual interest rate of 3.153% compounded…
A: Interest is the fee paid to investor for investing funds over a period of time. It is the…
Q: Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest…
A: Following informations are given in the question:
Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…
A: A deposit is a financial phrase that refers to money that is kept in a bank. A deposit is a…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…
A: PV = FV/(1+r)^n
Q: How much must be deposited at the beginning of each month in an account that pays 6% compounded…
A: Monthly rate = 6%/12 = 0.5% Number of periods = 7*12 = 84 Future value required is $31,000 Find…
Q: You have set a goal to save $ 10000 in a savings account that earns interest at 2.54% compounded…
A: Annuity due are the payments which are made at the beginning of the period.
Q: You deposit $3500 in an account earning 2% interest compounded quarterly. How much will you have in…
A: Deposit amount (P) = $3500 Interest rate = 2% Quarterly interest rate (r) = 2%/4 = 0.50% Period = 18…
Q: How much must be deposited at the beginning of every six months in an account that pays 4%…
A: The amount which is deposited at the beginning of each period is called as annuity due. The period…
Q: Suppose that $3000 is deposited in a saving account at the rate of 8% per year. Determine in details…
A: Given data, Principal (P) = $3000 Interest rate (r) = 8% per year…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…
A: Present Value is the today's value of a future amount at a given interest rate for a specified time…
Q: If $550 is deposited at the end of each quarter into an account paying 8% compounded quarterly, how…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: If you deposit $1500 per month into a credit union savings account that pays interest at a rate of…
A: Using Excel FV function
Q: How much will be at the said account three years after the ast deposit? If you make six consecutive…
A: In cases where the interest is compounded semi-annually, the compounding period is considered to be…
Q: If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance…
A: given, pv = $2000 r = 3.6% m =4 n= 6
Q: You deposit $2000 in an account earning 8% interest, compounded quarterly. How much will you have in…
A: Principle P :- $2000 Time t :- 11 years Rate of interest r = 8% Compounded quaterly No. of intervals…
If you deposit 2500 into an account paying 11% annual interest compounded quarterly, how long until there is 4500 in the account?
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- If you deposit $250 each month into an individual retirment account that earns 4.8% interest compounded monthly, a.) How much will you have in the account 30 years from now ? b.) What is the interest earned on the account ?If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance after six years? How much interest is earned?If you deposit $250 into an account that earns 4.8% interest compounded monthly, How much will you have in the account 30 years from now ? What is the interest earned on the account ?
- You plan to deposit $5, 706 into a savings account paying 8% interest compounded quarterly. How much will be in your account - assuming no withdrawals - after three years?Suppose you deposit $22.000 in an account today that pays 6% interest, compounded annually. How long does it take before the balance in your account is $76.000?If you deposit $63,679.00 at 10.16% annual interest compounded quarterly, how much money will be in the account after 19.0 years? Question 9 If you deposit $1,760.00 into an account paying 11% annual interest compounded monthly, how many years until there is $2,837.00 in the account?
- Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest compounded monthly. After a year, ------ is in the account.Suppose you deposit $380 today, $565 in one year, and $929 in two years in an account that pays an annual rate of interest of 18.91%. How much money will be in the account after three years?Compute the future value of a $1500 deposit, after eight years, in an account that pays an interest rate of 7% that compounds monthly. How much interest will be paid to this account?
- How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest compounded quarterly for three years? Round to the nearest cent and show your work.You deposit $650 in a savings account. How long does it take an account with an annual interest rate of 5% to earn $178.25 in interest? Round your answer to the nearest tenth.you deposit $9000 into a bank account that pays 3.15% annual interest, compound quarterly. How much interest does the account earn after 5 years?