(1 point) Theodore invests 4120 dollars on a yearly basis at an effective rate of interest...
Theodore invests 4720 dollars on a yearly basis at an effective rate of interest of 7.2 percent . He makes the first deposit on 1June 1973 and final deposit on 1June 1995. How much does the investment worth 1June 2008?
Bob invests $5000 on a yearly basis at an effective rate of interest of 10%. He makes the first deposit on June 1, 1980, and the final deposit on June 1, 2000. How much is the investment worth on June 1, 2020? Please use the effective rate formula and geometric sequence formula because this is for my math assignment, not a finance assignment. Thanks!
George invests 2490 dollars at a simple interest rate of 10.4 percent. How much is his investment worth after 27 months?
Cicely invests 3600 dollars in an account paying an effective rate of interest of 6.4 percent. Two years later, she deposits an additional 1950 dollars. If there are no other transactions, how long will it take (from the time of the first investment) for her account balance to reach 8400 dollars? (Assume simple interest between compoundings.) Answer = years and days. (Note: your answer for the number of years should be a whole number, while your answer for the number...
Bubba makes annual deposits of 1950 dollars into an account, with the first coming on August 1, 1980, and the last on August 1, 1988. On August 1, 1990, he makes a deposit of 3200 dollars, and continues to do so once each year until making a final deposit on August 1, 2000. If the account pays an effective rate of interest of 9.3 percent, how much is in the account on August 1, 2005?
Hannibal opens a savings account on January 1, 1984 with a deposit of 330 dollars, and continues to make deposits of the same amount at the beginning of each month until January 1, 1990, when he makes the final deposit. If the account pays a nominal rate of interest of 4.7 percent convertible monthly, how much is in the account on January 1, 1998? (1 point) Hannibal opens a savings account on January 1, 1984 with a deposit of 330...
Janelle makes monthly deposits of 90 dollars into an account that pays an effective rate of interest of 6 percent. How much will she have in the account immediately after the 24th deposit? (Hint: What is the formula for an annuity?)
QUESTION 22 - 1 POINT David invests $800 into an account with a 2.3% interest rate that is compounded semiannually. How much money will he have in this account if he keeps it for 5 years? Round your answer to the nearest dollar. Provide your answer below:
(1 point) Hannibal opens a savings account on January 1, 1984 with a deposit of 330 dollars, and continues to make deposits of the same amount at the beginning of each month until January 1, 1990, when he makes the final deposit. If the account pays a nominal rate of interest of 5.9 percent convertible monthly, how much is in the account on January 1, 1998?
Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 17% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 1.4% per month.] Since 2007, a particular fund returned 13.3% compounded monthly. How much would a $6000 investment in this fund have been worth after 3 years? (Round your answer to the nearest cent.)