if you make quarterly deposits of $2500 for 20 years into a bank account that pays...
if you make quarterly deposits of $2500 for 20 years into a bank account that pays 7% interest, how much will you have in the account at the end of 20 years?
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if you make quarterly deposits of $2500 for 20 years
into a bank account that pays...
1. Suppose an investor deposits $2500 in an interest-bearing account at her local bank. The account...
1. Suppose an investor deposits $2500 in an interest-bearing account at her local bank. The account pays 2.5% interest compounded annually. If the investor plans on withdrawing the original principal plus accumulated interested at the end of 7 years, what is the total amount that she should expect to receive assuming interest rates do not change? Please show steps on how to calculate answer with a financial calculator.
Assume you opened and deposited $1000.00 into a savings account that pays 4% per annum. If the bank compounds interest...
Assume you opened and deposited $1000.00 into a savings account that pays 4% per annum. If the bank compounds interest annually, how much will you have in your account at the end of 3 years (assuming no deposits or withdrawals are made for 3 years)? Find the balance if the bank compounds interest quarterly under the same conditions. Find the balance if the bank compounds interest continuously under the same conditions.
You deposit $300 in a bank account that pays an interest rate of 6%, compounded quarterly....
You deposit $300 in a bank account that pays an interest rate of 6%, compounded quarterly. In excel, compute how much your account balance will be at the end of each year for the next 5 years. Which of the following accurately depicts this calculation?
QUESTION 10 You are going to deposit $2500 in an account that pays 0.51 percent interest compou...
QUESTION 10 You are going to deposit $2500 in an account that pays 0.51 percent interest compounded quarterly. How much will you have in 5 years? $2781.86 $2770.82 $2753.70 $2765.62 $2767.74
A company deposits $6,000 in a bank at the end of every year for 10 years....
A company deposits $6,000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 7 years. If the bank pays 6% interest, how much would be in the account at the end of 17 years?
A company deposits $6,000 in a bank at the end of every year for 10 years....
A company deposits $6,000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 8 years. If the bank pays 10% interest, how much would be in the account at the end of 18 years? (7 points)
30. You plan to make five deposits of $1,000 each, one every 6 months, with the...
30. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 6% nominal interest, compounded semiannually, how much will be in your account after 3 years? Do not round intermediate calculations. Round your answer to the nearest cent. $ One year from today you must make a payment of $9,000. To prepare for this payment, you plan...
) Avery deposits a tax refund of $235 in an account paying 2.4% interest compounded quarterly....
) Avery deposits a tax refund of $235 in an account paying 2.4% interest compounded quarterly. How much is in the account after 20 years? .) If the refund had been deposited in an account paying 2.3% simple interest, how much would be in the account after 20 years? ) If Avery deposits $200 at the end of each quarter in an account paying 2.4% interest compounded quarterly, how much would be in the account after 20 years?
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...
Ann deposits $1000 at the end of each month into her bank savings account. The bank...
Ann deposits $1000 at the end of each month into her bank savings account. The bank paid 6% nominal interest, compounded and paid quarterly. No interest was paid on money not in the account for the full 3-month period. How much was in Ann's account at the end of 3 years?
A company deposits $6,000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 8 years. If the bank pays 10% interest, how much would be in the account at the end of 18 years? (7 points)
) Avery deposits a tax refund of $235 in an account paying 2.4% interest compounded quarterly. How much is in the account after 20 years? .) If the refund had been deposited in an account paying 2.3% simple interest, how much would be in the account after 20 years? ) If Avery deposits $200 at the end of each quarter in an account paying 2.4% interest compounded quarterly, how much would be in the account after 20 years?
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...
Ann deposits $1000 at the end of each month into her bank savings account. The bank paid 6% nominal interest, compounded and paid quarterly. No interest was paid on money not in the account for the full 3-month period. How much was in Ann's account at the end of 3 years?
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