You deposit $5500 each year into an account earning 7% compounded annually. How much will you...
You deposit $5500 each year into an account earning 7% compounded annually. How much will you have in the account in 15 years? Round your answer to the nearest cent.
Homework Answers
We have to calculate future value of investment, it can be done using the excel function:
=FV(rate,time,pmt)
=FV(7%,15,-5500)
=138,209.62
Add Answer to:
You deposit $5500 each year into an account earning 7%
compounded annually. How much will you...
You deposit $4000 each year into an account earning 7% interest compounded annually. How much will...
You deposit $4000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 35 years?
You deposit $5000 each year into an account earning 7% interest compounded annually. How much will...
You deposit $5000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 25 years? Get help: Video Video
You deposit $1000 each year into an account earning 6% interest compounded annually. How much will...
You deposit $1000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 15 years?
You deposit $400 in an account earning 2% interest compounded annually. How much will you have...
You deposit $400 in an account earning 2% interest compounded annually. How much will you have in the account in 10 years?
You deposit $3000 each year into an account earning 3% interest compunded annually. How much will...
You deposit $3000 each year into an account earning 3% interest compunded annually. How much will you have in the account in 20 years?
You make a one-time deposit of $3600 into an account earning 6% interest compounded quarterly. How...
You make a one-time deposit of $3600 into an account earning 6% interest compounded quarterly. How much will you have in the account in 8 years? Round to the nearest cent.
You deposit $350 each month into an account earning 4% interest compounded monthly. a) How much...
You deposit $350 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 15 years? b) How much total money will you put into the account? c) How much total interest will you earn? S
1. You deposit $400 each month into an account earning 7% interest compounded monthly. a) How...
1. You deposit $400 each month into an account earning 7% interest compounded monthly. a) How much will you have in the account in 35 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $ 2. Suppose you want to have $300,000 for retirement in 35 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? $ b)...
You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have...
You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have in the account in 10 years? Use this formula and round to the nearest cent. А Pem $ The admission fee at an amusement park is $4.00 for children and $5.20 for adults. On a certain day, 273 people entered the park, and the admission fees collected totaled 1290 dollars. How many children and how many adults were admitted? number of children equals number...
You deposit $300 each month into an account earning 4% interest compounded monthly. a) How much...
You deposit $300 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 30 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $
You deposit $5000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 25 years? Get help: Video Video
You deposit $350 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 15 years? b) How much total money will you put into the account? c) How much total interest will you earn? S
You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have in the account in 10 years? Use this formula and round to the nearest cent. А Pem $ The admission fee at an amusement park is $4.00 for children and $5.20 for adults. On a certain day, 273 people entered the park, and the admission fees collected totaled 1290 dollars. How many children and how many adults were admitted? number of children equals number...
Most questions answered within 3 hours.
-
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 58 minutes ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 1 hour ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 1 hour ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 2 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 2 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 3 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 3 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 3 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 3 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 3 hours ago -
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 3 hours ago -
what were the social political and economic causes and impacts of
the late 19th century urban...
asked 3 hours ago