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What amount should be invested per month at 9.1% compounded monthly so that it will become...
17. Determine the amount of each investment. a) $6500 invested at 4% per year, compounded semi-annually,...
17. Determine the amount of each investment. a) $6500 invested at 4% per year, compounded semi-annually, for 3 years b) $3200 invested at 3% per year, compounded quarterly, for 8 years c) $900 invested at 6% per year, compounded daily, for 150 days d) $25 000 invested at 8% per year, compounded monthly, for 35 years
2. Determine the future value amount of $400 invested at 6% per annum compounded quarterly for...
2. Determine the future value amount of $400 invested at 6% per annum compounded quarterly for three years and five months. 3. A demand loan of $10,000 is repaid by payments of $5000 in one year, $6000 in four years, and a final payment in six years. Interest on the loan is at 10% per annum compounded quarterly during the first year, 8% per annum compounded semi-annually for the next three years and 7.5% per annum compounded annually for the...
3) How much money should be invested at 8% per year so that after 2 years...
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly?
3) How much money should be invested at 8% per year so that after 2 years...
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly? 4) To save for his son's college education, Mr. Graff decides to put $50 aside every month in a credit union account paying 10% interest compounded monthly. If he begins this saving program when his son is 3 years old, how much will he have saved by the time his son is 18...
find the future value of $5000 invested for 10 years at 8% per year compounded monthly? a. $11,098.20 b. $10,800.00 c. $...
find the future value of $5000 invested for 10 years at 8% per year compounded monthly? a. $11,098.20 b. $10,800.00 c. $10,794.62 d. $11,095.15
Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly deposit should...
Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $110,000 in 17 years? The amount of each deposit should be $ 7. (Round to the nearest cent.)
3. a) b) Victoria invested her savings in a bank at 2.75% compounded monthly. How much...
3.
a)
b)
Victoria invested her savings in a bank at 2.75% compounded monthly. How much money did she invest to enable withdrawals of $3,000 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 12 years? Round to the nearest cent How much would a business have to invest in a fund to receive $13,000 at the end of every month for 5 years? The fund has...
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find the amount in the bank after 12 years if interest is compounded monthly Finally, find the amount in the bank after 12 years if interest is compounded continuously
20. An inheritance of $250000 is invested at 8% compounded monthly. If $500 is withdrawn at the end of each month, how long will it be until the account balance is $50? 20. An inheritance of...
20. An inheritance of $250000 is invested at 8% compounded monthly. If $500 is withdrawn at the end of each month, how long will it be until the account balance is $50?
20. An inheritance of $250000 is invested at 8% compounded monthly. If $500 is withdrawn at the end of each month, how long will it be until the account balance is $50?
What is $1,000 invested today at 8% compounded monthly worth in 20 years? What is $1,000.00...
What is $1,000 invested today at 8% compounded monthly worth in 20 years? What is $1,000.00 received every month for 5 years plus $5,000 received after all the other payments worth today if the interest rate is 8% Please show work or how to do it on the calculator.
17. Determine the amount of each investment. a) $6500 invested at 4% per year, compounded semi-annually, for 3 years b) $3200 invested at 3% per year, compounded quarterly, for 8 years c) $900 invested at 6% per year, compounded daily, for 150 days d) $25 000 invested at 8% per year, compounded monthly, for 35 years
2. Determine the future value amount of $400 invested at 6% per annum compounded quarterly for three years and five months. 3. A demand loan of $10,000 is repaid by payments of $5000 in one year, $6000 in four years, and a final payment in six years. Interest on the loan is at 10% per annum compounded quarterly during the first year, 8% per annum compounded semi-annually for the next three years and 7.5% per annum compounded annually for the...
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly?
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly? 4) To save for his son's college education, Mr. Graff decides to put $50 aside every month in a credit union account paying 10% interest compounded monthly. If he begins this saving program when his son is 3 years old, how much will he have saved by the time his son is 18...
Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $110,000 in 17 years? The amount of each deposit should be $ 7. (Round to the nearest cent.)
3.
a)
b)
Victoria invested her savings in a bank at 2.75% compounded monthly. How much money did she invest to enable withdrawals of $3,000 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 12 years? Round to the nearest cent How much would a business have to invest in a fund to receive $13,000 at the end of every month for 5 years? The fund has...
20. An inheritance of $250000 is invested at 8% compounded monthly. If $500 is withdrawn at the end of each month, how long will it be until the account balance is $50?
20. An inheritance of $250000 is invested at 8% compounded monthly. If $500 is withdrawn at the end of each month, how long will it be until the account balance is $50?
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