If you deposit $16000 in a savings account at 12.4% interest per year, how much will you have in 21 years? (Answer to the nearest dollar)
If you deposit $16000 in a savings account at 12.4% interest per year, how much will...
At the end of each year, you plan to deposit $3,100 in a savings account. The account will earn 7% annual interest, which will be added to the fund balance at year-end. The first deposit will be made at the end of Year 1. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: 1. Prepare the required journal entry at the end of Year 1. (If no...
How much should you deposit at the end of each month into an investment account that pays 6% compounded monthly to have $3 million when you retire in 40 years? How much of the $3 million comes from​ interest? In order to have $3 million in 40 years, you should deposit how much each month? ___ round to the nearest dollar. $___ of the $3 million comes from interest. use the answer from part a to find this answer round...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next year. Then you wait two more years (until 4 years from now) and deposit $1,000. If your account always earns 6% annual interest and you make no withdrawals, how much will be in the account 11 years from now? 9-You deposit $5000 for 5 years at 4% annual interest. In 5 years, you add $15,000 to your account, but the rate on your account...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
3. Suppose Tyrone wants to open a savings account that earns 3,5% simple interest per year. He wants it to be worth S1500 in 4 years. How much does he need to deposit in the account today to make that happen? Round to the nearest whole dollar,
You make a quarterly deposit of $141 into a savings account for the next 27 years. How much can you withdraw immediately after your last deposit if your savings account pays 9% per quarter? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point("").
You will deposit 600 per year into an account that earns 4.0% per year. How much will you have in the account 3 years from now? Round your answer to 2 decimals, for example 100.21
You make a deposit of $927 into a savings account at the end of each year for the next 9 years. How much can you withdraw immediately after your last deposit if your savings account pays 7% compounded annually? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), commas() or a decimal point (""
How much money must you deposit into a savings account at the end of each year at 4% interest compounded annually in order to earn $9,778.08 interest during a 20-year period?
You plan to deposit $5,607 into a savings account paying 6% interest compounded quarterly. How much will be in your account - assuming no withdrawals-after three years? $6,704 $4,187 $5,970 $7,563