1.)Suppose an account earns a 13% simple rate of interest annually.
a. The future value of an annual deposit of $21 at the end of each year for four years will be
b.The future value of an annual deposit of $21 at the beginning of each year for four years will be
Round your final answer to two decimal places.
2.) If the simple rate of interest is 6%, the interest earned by $1 in 5 years is:$_________
3.) What is the future value of $12 deposited today in 5 years when earning 6% simple rate of interest?
4.)Deposits of $13 are made to an account each year for 31 years. If k=9% (simple rate of interest) per year, how much will be in the account at the end of 50 years? Round your final answer to two decimal places.
1.)Suppose an account earns a 13% simple rate of interest annually. a. The future value of...
Question 14 1.81 pts Deposits of $13 are made to an account each year for 31 years. If k29% (simple rate of interest) per year, how much will be in the account at the end of 50 years? Round your final answer to two decimal places. 1.81 pts Question 15 You make a deposit of $46 cach year for 40 years in an account that earns a simple interest rate of 6% per year. If you make the first deposit...
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Question 9 1.81 pts How will you enter 10% in a computational formula lot in financial calculator Question 10 1.81 pts what is the future value of $12 deposited today in 5 years when earning 6% simple rate of interest? Question 11 1.81 pts In how, many years will $15O become S300 if k-02% simple interest per year? Question 12 1.81 pts At what rate of interest will an amount triple in 50 years? Enter your answer as decimals, not...
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How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...
What is the present value of $100 ten years from now if the simple rate of interest is0.12? Round your final answer to two decimal places. Question 2 2 pts A deposit of $19 is made at the beginning of each year for 14 years, what is the future value of all deposits if simple rate of interest is 0.09? Round your final answer to two decimal places. Question 3 2 pts In how many years will $100 become $320...
1) If $4000 is deposited in a savings account that earns interest at an annual rate of 2.5% interest compounded continuously, what is the value of the account at the end of two years? 2) A trust fund for a 11-year-old child is being set up by a single payment so that at age 21 the child will receive $37,000. Find how much the payment is if an interest rate of 9% compounded semiannually is assumed. 3) A bank account...
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You placed $6,464 in a saving account today that earns an annual interest rate of 13 percent, compounded semiannually. How much will you have in this account at the end of 20 years? Assume that all interest received at the end of the period is reinvested the next period. Round the answer to two decimal places.
1.)You make a deposit of $46 each year for 40 years in an account that earns a simple interest rate of 6% per year. If you make the first deposit today, the future value of the deposits in 90 years will be:$___________ 2.)How will you enter 10% in a computational formula (not in a financial calculator)? 3.)At what rate of interest will an amount triple in 50 years? Enter your answer as decimals, not percentages (e.g., enter 0.01 instead of...