How much money you will save if you deposit $1000 per year for
10 years into an interest-bearing account earning 5% per
year?
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How much money you will save if you deposit $1000 per year for
10 years into...
You deposit $1000 each year into an account earning 6% interest compounded annually. How much will...
You deposit $1000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 15 years?
You plan to save $7,300 per year for the next 11 years. After the last deposit,...
You plan to save $7,300 per year for the next 11 years. After the last deposit, you will keep the money in the account for 3 more years. The account will earn an interest rate of 7.6 percent. How much will there be in the account 14 years from today?
6) Suppose you save money at a bank that pays 3% per year in simple interest....
6) Suppose you save money at a bank that pays 3% per year in simple interest. If you open the account with $1000, and in addition to the interest that the bank pays, on the last day of each year, you deposit $200 more into the account. Give a recurrence relation for S(n) your money at the end of n years, forn 20. How much money will you have at the end of 4 years?
HELP In order to save for your child's college education, you've decided to begin depositing money...
HELP
In order to save for your child's college education, you've decided to begin depositing money into the local bank which is advertising a savings rate of 6% APR. This morning you opened the savings account with a deposit of $1000. $1000 into the account one year from today. You plan to deposit another After the second deposit, you'll make no additional deposits for a few years, but then, 5 years from today, you'll resume making annual deposits. More specifically,...
1. If you can save $1000 per year for the next six years in an account...
1. If you can save $1000 per year for the next six years in an account earning 10 percent per year. How much will you have at the end of the sixth year? Group of answer choices $7,715.61 $7,615.61 $7,515.61 $7,815.61 2. Suppose you borrow $20,000 and then repay the loan by making 12 monthly payments of $1,200 each. What rate will you be quoted on the loan?
How much money would be accumulated in 10 years for a deposit of $10,000 made at...
How much money would be accumulated in 10 years for a deposit of $10,000 made at the end-of-year zero if the account earned interest at 7% per year for the first three years, 10% per year for the next four years, and 8% per year for the last three years? The amount accumulated in 10 years will be $_________.(Round to the nearest dollar.)
You deposit $175 semi-monthly (that's twice per month) into an account earning 5% interest. You play...
You deposit $175 semi-monthly (that's twice per month) into an account earning 5% interest. You play to continue the same deposit until your retirement, in 30 years. a) How much will you have in the account after 30 years? b) How much total money will you put in the account? Answer: 126000 c) How much total interest will you earn?
4) (10 points) You just invested $10,000 in a fund for 5 years. How much money...
4) (10 points) You just invested $10,000 in a fund for 5 years. How much money will be in the account at the end of 5 years for the following interest rates a) 10% simple interest per year? b) 8% per year compounded annually?
Interest-on-Interest Consider a $2,300 deposit earning 10 percent interest per year for 7 years. How much...
Interest-on-Interest Consider a $2,300 deposit earning 10 percent interest per year for 7 years. How much total interest is earned on interest (excluding interest earned on the original deposit)? Multiple Choice () $572.05 $1,610.00 $161.00 $2,182.05
Approximately how much money do you need to deposit today in an a account earning 6.4%...
Approximately how much money do you need to deposit today in an a account earning 6.4% per year in order to pay for a car that will cost you $27,000 in 4 years? $25,376 $21, 067 $6,344 $23,221
6) Suppose you save money at a bank that pays 3% per year in simple interest. If you open the account with $1000, and in addition to the interest that the bank pays, on the last day of each year, you deposit $200 more into the account. Give a recurrence relation for S(n) your money at the end of n years, forn 20. How much money will you have at the end of 4 years?
HELP
In order to save for your child's college education, you've decided to begin depositing money into the local bank which is advertising a savings rate of 6% APR. This morning you opened the savings account with a deposit of $1000. $1000 into the account one year from today. You plan to deposit another After the second deposit, you'll make no additional deposits for a few years, but then, 5 years from today, you'll resume making annual deposits. More specifically,...
4) (10 points) You just invested $10,000 in a fund for 5 years. How much money will be in the account at the end of 5 years for the following interest rates a) 10% simple interest per year? b) 8% per year compounded annually?
Interest-on-Interest Consider a $2,300 deposit earning 10 percent interest per year for 7 years. How much total interest is earned on interest (excluding interest earned on the original deposit)? Multiple Choice () $572.05 $1,610.00 $161.00 $2,182.05
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