Suppose that $6,300 is invested at 3.1% annual interest rate, compounded monthly: How much money will be in the account in (A) 9 months? (B) 10 years?
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Suppose that $6,300 is invested at 3.1% annual interest rate, compounded monthly: How much money will be in the account in (A) 9 months? (B) 10 years?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuitySuppose that $4500 is invested in an account that pays 2% annually and is left for 4 years. 1) How much will be in the account if interest is compunded quarterly? 2) How much will be in the account if interest is compouded continuously?If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously, how much will the account be worth in 5 years?
- If $12,000 per quarter is invested in an account that earns a nominal annual interest rate of 12% compounded monthly, how much money will be in the account at the end of 6 years? The account will have $ ?You make an investment into a money market account at time T=0. In year T=5, the value of the money market account will be $5,000. The money market account pays an annual interest of R=6%, and interest is compounded on a quarterly basis. What is the present value of this account?Suppose you want to have $200 in an account after 5 years. If the account generates interest at a nominal rate of 9%, compounded quarterly, how much should you invest in the account now?
- suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will be in the account in 9 months?1. If you invest $ 2,000 now and it will become $ 6,000 at the end of 4 years, determine the nominal rate of interest and the corresponding effective rate of interest if the interest is compounded quarterly.4. If 10,000php is invested in account paying 6% compounded quarterly; A. How much will be in the account at the end of 5years? b. How much interest will it earn? C. Compare the interest it will earn if it is paid at simple interest rate.
- If $0,000 per quarter in invested in an account that eams a nominal annual interest rate of 9% compounded monthly, how much money will be in the account at the end 1 of 6 years? The account will have S (Round to the nearest dollar.)Suppose 500$ is initially placed in savings account and 500$ is deposited at the end of every month for the next year. If interest is at 6% compounded monthly, how much is in the account at the end of the year?Suppose that $1,000 is invested for 4 years at an interest rate of 12%, compounded quarterly. How much will be in the account at the end of 4 years?