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5. If you deposit $1,750 at the end of each month for the next 10 years...
5. If you deposit $1,750 at the end of each month for the next 10 years into an account paying 5.6%, how much will you have in the account in 16 years?
If you deposit $5030 at the end of each of the next 10 years into an account paying 7.8 percent interest, how much money will you have in the account in 10 years?
If you deposit $4,800 at the end of each of the next 15 years into an account paying 11.3 percent interest, how much money will you have in the account in 15 years? How much will you have if you make deposits for 30 years?
If you deposit $5,000 at the end of each year for the next 20 years into an account paying 10.1% interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years?
Functions 1. You are presented with two investment strategies for the next ten years. In strategy A, you deposit $300 into an account at the end of each month for the next four years, then allow the account to accumu- late interest for the remaining six years. In strategy B, you do nothing for five years and then deposit $300 at the start of each month for the remaining five years. In both cases, interest is paid at the rate...
You plan to deposit $6,100 at the end of each of the next 15 years into an account paying 11.3 percent interest. a. How much will you have in your account if you make deposits for 15 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 30 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,...
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...
You deposit $1,000 at the end of each year into an account paying 10.6 percent interest. a. How much money will you have in the account in 16 years? b. How much will you have if you make deposits for 32 years?
You deposit $1,700 at the end of each year into an account paying 11.1 percent interest. a. How much money will you have in the account in 16 years? b. How much will you have if you make deposits for 32 years?
You deposit $1000 in an account today You will deposit $600 at the end of each month for the next twelve months and $800 per month for the following twelve months. How much interest will you have earned in two years in the account pays 5.5% compounded monthly?