Eric deposits 200 into a fund today and 400 twenty years later. Interest for the first...
Eric deposits 200 into a fund today and 400 twenty years later. Interest for the first ten years is credited at a nominal interest rate of 8% compounded quarterly, and thereafter at nominal discount rate of d compounded semiannually. The accumulated value in the fund at the end of thirty years is 4552. Calculate d.
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Eric deposits 200 into a fund today and 400 twenty years later.
Interest for the first...
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited...
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited...
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
Gloria deposited $100 into a fund and $200 ten years later. Interest is credited at a...
Gloria deposited $100 into a fund and $200 ten years later. Interest is credited at a nominal discount rate of d compounded quarterly for the first 10 years, and at a nominal interest rate of 5% compounded quarterly thereafter. The accumulated balance in the fund at the end of 25 years is $1000. Calculate d.
3. Determine the value at the end of eight years of a $3,200 investment today that...
3. Determine the value at the end of eight years of a $3,200 investment today that pays a nominal annual interest rate of 18%, compounded: a) Annually b) Semiannually c) Quarterly d) Monthly
3. Determine the value at the end of nine years of a $12,500 investment today that...
3. Determine the value at the end of nine years of a $12,500 investment today that pays a nominal annual interest rate of 15%, compounded: a) Annually b) Semiannually c) Quarterly d) Monthly
3) Effective versus nominal interest rates. Bank A pays 4% interest compounded annually on deposits, Bank...
3) Effective versus nominal interest rates. Bank A pays 4% interest compounded annually on deposits, Bank B pays 3.75% compounded semiannually, and Bank C pays 3.5% compounded daily. a) Which bank would you use? Why? b) If you deposited $5,000 in each bank today, how much would you have at the end of 2 years? c) What nominal rate would cause Banks B and C to provide the same effective annual rate as Bank A? d) Suppose you do not...
A sinking fund is established to discharge a debt of $50,000 in 25 years. If deposits...
A sinking fund is established to discharge a debt of $50,000 in 25 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 4%, compounded semiannually, what is the amount of each deposit? (Round your answer to the nearest cent.)
Raj deposits 50 into a fund at the end of each month for 5 years. The fund pays interest at an an...
Raj deposits 50 into a fund at the end of each month for 5 years. The fund pays interest at an annual effective rate of i. The total amount of interest earned during the last month of year 5 is 13. Calculate the accumulated amount in Raj's account at the end of year 5 A) 3325 B) 3350 C) 3375 D) 3400 E) 3425
(1 point) (Exercise 2.11) A deposits $350 today and another $300 in five years into a...
(1 point) (Exercise 2.11) A deposits $350 today and another $300 in five years into a fund paying simple interest of 7.3% per year. B will make the same two deposits, but the $350 will be deposited n years from today and the $300 will be deposited 2n years from today. B's deposits earn an annual effective rate of 7%. At the end of 8 years, the accumulated value of B's deposits equals the accumulated value of A's deposits. Calculate...
1. Deposits are to be made to a fund each January 1 and July 1 for...
1. Deposits are to be made to a fund each January 1 and July 1 for the years 2020 through 2030. The deposit made on each July 1 will be 10.25% greater than the one made on the immediately preceding January 1. The deposit made each January 1 (except for January 1, 2020) will be the same amount as the delposit made on the immediately preceding July 1. The fund will be credited with interest at the nominal annual rate...
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
Gloria deposited $100 into a fund and $200 ten years later. Interest is credited at a nominal discount rate of d compounded quarterly for the first 10 years, and at a nominal interest rate of 5% compounded quarterly thereafter. The accumulated balance in the fund at the end of 25 years is $1000. Calculate d.
3. Determine the value at the end of eight years of a $3,200 investment today that pays a nominal annual interest rate of 18%, compounded: a) Annually b) Semiannually c) Quarterly d) Monthly
3. Determine the value at the end of nine years of a $12,500 investment today that pays a nominal annual interest rate of 15%, compounded: a) Annually b) Semiannually c) Quarterly d) Monthly
3) Effective versus nominal interest rates. Bank A pays 4% interest compounded annually on deposits, Bank B pays 3.75% compounded semiannually, and Bank C pays 3.5% compounded daily. a) Which bank would you use? Why? b) If you deposited $5,000 in each bank today, how much would you have at the end of 2 years? c) What nominal rate would cause Banks B and C to provide the same effective annual rate as Bank A? d) Suppose you do not...
(1 point) (Exercise 2.11) A deposits $350 today and another $300 in five years into a fund paying simple interest of 7.3% per year. B will make the same two deposits, but the $350 will be deposited n years from today and the $300 will be deposited 2n years from today. B's deposits earn an annual effective rate of 7%. At the end of 8 years, the accumulated value of B's deposits equals the accumulated value of A's deposits. Calculate...
1. Deposits are to be made to a fund each January 1 and July 1 for the years 2020 through 2030. The deposit made on each July 1 will be 10.25% greater than the one made on the immediately preceding January 1. The deposit made each January 1 (except for January 1, 2020) will be the same amount as the delposit made on the immediately preceding July 1. The fund will be credited with interest at the nominal annual rate...
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