What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 6.2%, compounded semiannually, so that the account will have a future value of $200,000 at the end of 13 years? (Round your answer to the nearest cent.) $ 3282.24 Need Help? Read It
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- You wish to save $52000 in an account which pays 3% compounded semiannually by making quarterly deposits for 6 years. What is the amount of the deposits? $ (Round to 2 decimal places.) Submit QuestionHow much must you deposit into an account today so that you can have $25,000 in twelve years? Assume that the account earns 6% per year compounded quarterly. You should deposit $ (Round the final answer to the nearest cent as needed. Keep all decimal places as you work through the problem.)Suppose you are depositing an amount today in an account that earns 5.25% interest, compounded quarterly. If your goal is to have $5000 in the account at the end of six years, how much must you deposit in the account today? Round to the nearest dollar. $3507 $3657 $657 $2765
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- You wish to save $58000 in an account which pays 7% compounded quarterly by making monthly deposits for 8 years. What is the amount of the deposits? $ (Round to 2 decimal places.) Submit QuestionIf you deposit #9989 into an account paying 3.6% annual interest compounded monthly, how much money will be in the account after 8 years? Round your answer to 2 decimal places.What amount must be deposited today, if, starting one year from today, you wish to make 15 equal annual withdrawals of $3,450 from an account offering an annual stated rate of interest r = 0%?