UHULJIC PICCI Value ullus perpetuity? 2) Smith Bank pays 8% interest, compounded quarterly. If you deposit...
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?
1. You are going to deposit $3,400 in an account that pays .40 percent interest compounded monthly. How much will you have in 5 years? a. $4,320.18 b. $4,337.46 c. $4,298.19 d. $4,324.50 e. $4,302.97 2. Your bank will pay you an interest rate of .102 percent per week. You want to have $22,500 in 10 years. How much will you have to deposit today? Assume 52 weeks per year. a. $13,418.45 b. $13,419.42 c. $13,536.16 d. $21,338.27 e. $13,241.89...
You are going to deposit $3,200 in an account that pays .58 percent interest compounded quarterly. How much will you have in 8 years?
Future 0.23 Suppose that you deposit $1,000 into a savings account that pays 8 percent. a If the bank compounds interest annually, how much will you have in your account in four years? b. What would your balance be in four years if the bank used quarterly com- pounding rather than annual compounding? C. Suppose you deposited the $1,000 in four payments of $250 each year beginning one year from now. How much would you have in your account after...
A bank pays 6% interest per year, compounded quarterly. To what amount will a $5000 deposit grow if left in that bank for 10 years? Ans. $9070.09
you deposit 4000 in an account that pays 8% interest compounded semiannually. After two years the interest rate is increased to 8.44% compounded quarterly. What will the value of the account after a total of four years
Answer in Excel If I deposit $8,000 in a bank account that pays interest of 1.5%, compounded annually, how much will I have in the account after 10 years? If I deposit $8,000 in a bank account that pays simple interest of 1.5%, how much will I have in the account after 10 years? How would you explain the difference in the answers to the foregoing two problems, given that both banks pay interest at the same rate? Be specific....
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
2) A bank is offering 12 percent compounded quarterly. If you put $100 in an account, how much will you have at the end of one year? What’s the EAR? How much will you have at the end of two years?
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%...