Homework Answers
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP
PLEASE
Add Answer to:
73) You make 6 quarterly deposits starting at $135 and increasing at a constant rate of...
You decide to deposit $50 in the bank today and to make 10 additional deposits every...
You decide to deposit $50 in the bank today and to make 10
additional deposits every 6 months beginning 6 months from now, the
first of which will be $50 and increasing $10 per deposit after
that. A few minutes after making the last deposit, you decide to
withdraw the all the money deposited. If the bank pays 8% nominal
interest compounded semiannually, how much money will you
receive?
You decide to deposit $50 in the bank today and to...
You decide to deposit $100 in the bank today and to make 10 additional deposits every...
You decide to deposit $100 in the bank today and to make 10 additional deposits every 6 months beginning 6 months from now, the first of which will be $75 and increasing $25 per deposit after that. A few minutes after making the last deposit, you decide to withdraw all the money deposited. If the bank pays 6% nominal interest compounded semiannually, how much money will you receive?
What is the amount of the quarterly deposits A such that you will be able...
What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? 8% Compounded quarterly $2,000 $1,300 Quarters 0 1 2 3 4 5 678 (Deposit) The amount of the quarterly deposits A should be S(Round to the nearest dollar.)
1. You won $100 000 in a lottery and you want to set some of that...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
1. Calculate the real interest rate per annum using the full Fisher equation if the nominal interest rate is 6% per annu...
1. Calculate the real interest rate per annum using the full Fisher equation if the nominal interest rate is 6% per annum and the inflation rate is 2% per annum. A. 3.92% B. 4.00% C. 8.00% D. 8.12% 5. Calculate the simple interest rate per to a nominal interest rate of 4% compounded monthly over a 24 period. A. 3.33% B. 4.00% C. 4.16% D. 6.67% 6. Michael made a deposit of $13,000 exactly 5 years ago into an account...
Problem #5: You will be making monthly deposits of increasing size into a bank account for...
Problem #5: You will be making monthly deposits of increasing size into a bank account for 5 years. The account will earn continuously compounding interest each month. Every 3 months (i.e. every quarter) the interest rate will increase. The initial deposit will be $227. At the beginning of each month thereafter, another deposit will be made increasing by size $30. The continuously compounded interest rate will be 4.44% per annum for the first quarter, but will then increase by 0.4%...
Problem 3-19 (algorithmic) Question What is the amount of the quarterly deposits A such that you...
Problem 3-19 (algorithmic) Question What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? $2,400 8% Compounded quarterly $1,700 1 Quarters 1 2 3 4 5 6 7 0 8 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 А (Deposit) The amount...
A person wants to establish an annuity for retirement. He wants to make quarterly deposits for...
A person wants to establish an annuity for retirement. He wants
to make quarterly deposits for
years so that he can then make quarterly withdraws of
for
years. The annuity earns
% compounded quarterly.
(a) How much will have to be in the account at the time he
retires?
Value of account at retirement:
[Note: Your answer is a dollar amount and should have a dollar sign
and exactly two decimal places.]
(b) How much should be deposited each quarter...
Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $170 into a...
Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $170 into a trust fund every six months until Robin was twenty dash one years old. The trust fund provides for equal withdrawals at the end of each six months for two years, beginning six months after the last deposit. If interest is 5.66% compounded semi dash annually, how much will Robin receive every six months? Robin will receive $
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
You decide to deposit $50 in the bank today and to make 10
additional deposits every 6 months beginning 6 months from now, the
first of which will be $50 and increasing $10 per deposit after
that. A few minutes after making the last deposit, you decide to
withdraw the all the money deposited. If the bank pays 8% nominal
interest compounded semiannually, how much money will you
receive?
You decide to deposit $50 in the bank today and to...
You decide to deposit $100 in the bank today and to make 10 additional deposits every 6 months beginning 6 months from now, the first of which will be $75 and increasing $25 per deposit after that. A few minutes after making the last deposit, you decide to withdraw all the money deposited. If the bank pays 6% nominal interest compounded semiannually, how much money will you receive?
What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? 8% Compounded quarterly $2,000 $1,300 Quarters 0 1 2 3 4 5 678 (Deposit) The amount of the quarterly deposits A should be S(Round to the nearest dollar.)
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
Problem #5: You will be making monthly deposits of increasing size into a bank account for 5 years. The account will earn continuously compounding interest each month. Every 3 months (i.e. every quarter) the interest rate will increase. The initial deposit will be $227. At the beginning of each month thereafter, another deposit will be made increasing by size $30. The continuously compounded interest rate will be 4.44% per annum for the first quarter, but will then increase by 0.4%...
Problem 3-19 (algorithmic) Question What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? $2,400 8% Compounded quarterly $1,700 1 Quarters 1 2 3 4 5 6 7 0 8 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 А (Deposit) The amount...
A person wants to establish an annuity for retirement. He wants
to make quarterly deposits for
years so that he can then make quarterly withdraws of
for
years. The annuity earns
% compounded quarterly.
(a) How much will have to be in the account at the time he
retires?
Value of account at retirement:
[Note: Your answer is a dollar amount and should have a dollar sign
and exactly two decimal places.]
(b) How much should be deposited each quarter...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
Most questions answered within 3 hours.
-
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 7 minutes ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 1 hour ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 1 hour ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 2 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 2 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 2 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 2 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 6 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 6 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 7 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 7 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 7 hours ago