For the next 7 years, you decide to place $1,536 in equal year-end deposits into a savings account earning 6.60 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
Future value of annuity=Annuity[(1+rate)^time period-1]/rate
=$1536[(1.066)^7-1]/0.066
=$1536*8.548929678
=$13131.16(Approx).
For the next 7 years, you decide to place $1,536 in equal year-end deposits into a...
For the next 8 years, you decide to place $3,747 in equal year-end deposits into a savings account earning 5.74 percent per year. How much money will be in the account at the end of that time period? Round answer to two decimal places.
For the next 15 years, you decide to place $1,299 in equal year-end deposits into a savings account earning 11.37 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
For the next 3 years, you decide to place $3,695 in equal year-end deposits into a savings account earning 8.25 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
For the next 7 years, you decide to place $3,800 in equal year-end deposits into a savings account earning 8.90 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
For the next 13 years, you decide to place $749 in equal year-end deposits into a savings account earning 8.67 percent per year. How much money will be in the account at the end of that time period? Round answer to two decimal places. Thank you.
For the next 9 years, you decide to place $2,586 in equal year-end deposits into a savings account earning 10.82 percent per year. How much money will be in the account at the end of that time period?
For the next 4 years, you decide to place $1,433 in equal year-end deposits into a savings account earning 14.01 percent per year. How much money will be in the account at the end of that time period?
For the next 14 years, you decide to place $3,315 in equal year-end deposits into a savings account earning 8.03 percent per year. How much money will be in the account at the end of that time period? Please show your work including the formula.
You have decided to place $416 in equal deposits every month at the beginning of the month into a savings account earning 3.04 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
You have decided to place $416 in equal deposits every month at the beginning of the month into a savings account earning 3.04 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places.