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Ans. $80341.27 - This would be the money you would have at the end of five years.
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9. If you deposit $1000 per month into an account which pays interest at a rate...
If you deposit $326 per quarter into an account which pays interest at a rate of...
If you deposit $326 per quarter into an account which pays interest at a rate of 11% per year compounded quarterly, the amount of money you would have at the end of 23 years is equal to
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded a...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
Answer in Excel If I deposit $8,000 in a bank account that pays interest of 1.5%,...
Answer in Excel If I deposit $8,000 in a bank account that pays interest of 1.5%, compounded annually, how much will I have in the account after 10 years? If I deposit $8,000 in a bank account that pays simple interest of 1.5%, how much will I have in the account after 10 years? How would you explain the difference in the answers to the foregoing two problems, given that both banks pay interest at the same rate? Be specific....
You would like to deposit $1000 in a savings account. The bank gives you two options:...
You would like to deposit $1000 in a savings account. The bank gives you two options: Account A pays interest at a rate of 8% (annually compounded) each year. Account B pays a simple interest rate of 8% per year (but never compounds), and gives you a $50 bonus at the end of 5 years. What is the difference in the account balances in 5 years? (Your answer should be the solution to Balance of Account A minus Balance of...
You deposit $1,000 at the end of the year (k = 0) into an account that...
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
You deposit $1000 in an account today You will deposit $600 at the end of each...
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?
8. You deposit $1000 in an account today You will deposit $600 at the end of...
8. 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?
If you deposit $1,067 per month into a savings account that pays an annual rate of...
If you deposit $1,067 per month into a savings account that pays an annual rate of 4.7 percent, compounded monthly, how much will you have in the account after 31 years? Show using Excel Functions. Nper Rate PV FV PMT
Just 57 QUESTION 56 You deposit$ 100 in a savings account that pays 12%interest compounded annually....
Just 57
QUESTION 56 You deposit$ 100 in a savings account that pays 12%interest compounded annually. How much would you have in your account at the end of 5 years? O$160 $166.16 O $168.41 $172.35 O $176.23 QUESTION 57 In the above question, if the bank pays 12% interest compounded qua erly. How much would you have in your account at the end of 5 years? $165.12 $173.16 $180.61 $181.35 $182.45
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
Just 57
QUESTION 56 You deposit$ 100 in a savings account that pays 12%interest compounded annually. How much would you have in your account at the end of 5 years? O$160 $166.16 O $168.41 $172.35 O $176.23 QUESTION 57 In the above question, if the bank pays 12% interest compounded qua erly. How much would you have in your account at the end of 5 years? $165.12 $173.16 $180.61 $181.35 $182.45
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