8% for 1 year compounded semi- annually = 4% for 6 months
of Month | Deposit | Withdraw | |
0 | =10000*1.04*1.04*1.04*1.04 | ||
2 | =1000*1.026*1.04*1.04*1.04 | ||
5 | =500*1.0066*1.04*1.04*1.04 | ||
6 | =500*1.04*1.04*1.04 | ||
7 | =500*1.033*1.04*1.04 | ||
8 | =500*1.026*1.04*1.04 | ||
11 | =1000*1.0066*1.04*1.04 | ||
20 | =600*1.026 | ||
23 | =1000*1.006 | total value | |
$14556.26885 | $3248.849024 | $11307.41983 |
help please An engineer deposited her annual bonus of $10,000 into an account that pays interest...
Today, an engineer deposited $34,000 into an account that pays interest at 8% per year compounded semiannually. If there is no interperiod compounding and withdrawals of $1150 in months 2.11 and 23 are already planned, what will be the future value at the end of 3 years? The future value would be $
help please For the transactions shown below, determine the amount of money in the account at the end of year 2 if the interest rate is 12% per year, compounded quarterly. Assume no interperiod compounding. Draw Cash Flow Diagram End of Quarter Amount of Deposit, $/Month Amount of Withdrawal S/Month 0 1000 1 950 600 2-5 1150 13 1000 2500 21 1100 24 1200
Question 3 Kim deposits her annual bonus into a savings account that pays 10% interest compounded monthly. The size of the bonus increases annually. The size of the bonus increases by $1,000 each year, and the initial bonus amount is $3,000. Determine how much will be in the account immediately after the fifth deposit.
help please!! For the transactions shown below, determine the amount of money in the account at the end of year 2 if the interest rate is 12% per year, compounded quarterly. Assume no interperiod compounding. Draw Cash Flow Diagram End of Quarter Amount of Withdrawal S/Quarter 600 Amount of Deposit, S/Quarter 1000 950 1150 1000 1100 2-5 13 2500 21 24 1200
5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How much will be in the account at the end of 10 years? Assume no interperiod. a. d) 80,611 b. a) 60.029 c. b) 70,250 od.c) 75,890 QUESTION 6 6) What effective annual interest rate is equal to a nominal 6% per year, compounded continuously? a. d) 6.55% b. a) 6.10% C. c) 6.25% d. b) 6.18%
5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How much will be in the account at the end of 10 years? Assume no interperiod. a. d) 80,611 b. a) 60,029 c. b) 70,250 d. c) 75,890
An individual deposits an annual bonus into a savings account that pays 5% interest compounded annually. The size of the bonus increases by $4.600 each year, and the initial bonus amount was $20,000. Determine how much will be in the account immediately after the sixth deposit. A. $197,000 OB. $209.808 C. $300,523 D. $296,087
Suppose that $1000 is deposited into an account that pays 5% interest per year, at the end of each year, the amount in the account is 1.05 times the amount at the beginning of the year. Write a MATLAB program with a for loop to calculate the amount in the account after 10, 20, and 30 years. Repeat problem 1, assuming that the interest is compounded quarterly; that is, one-fourth of the annual interest (1.25%) is added to the account...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts. (11) An account with an...
answers only please How much must be deposited at the beginning of each year an account that pays 7%, compounded annually so that the account will contain $32,000 at the end of 5 years? (Round your answer to the nearest cent) $ Need Help? What is the size of the payments that be deposited at the beginning of each 6-month period in an account that pays 5.2%, compounded semiannually, so that the account will have a future value of $140,000...