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I have used excel future value to calculate this particular sum. Rounded off to nearest 2 decimal.
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If you deposit $29,484 in an account that earns 9% per year, compounded annually. What would...
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What...
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What is the effective annual interest earned on the account? Round your answer to the nearest tenth of a percent. For example, if you get 15.1 %, write 0.151. If you deposit $29,484 in an account that earns 9% per year, compounded annually. What would be the balance in the account at the end of 38 years?
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What...
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What is the effective annual interest earned on the account? Round your answer to the nearest tenth of a percent. For example, if you get 15.1 %, write 0.151. Your friend just won the lottery. He has a choice of receiving $122,788 a year for the next 18 years or a lump sum today. The lottery uses a 8% discount rate. What would be the...
You placed $5,866 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How m...
You placed $5,866 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much you will have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places.
If you deposit $10,000 today in an account that earns 14.5% compounded...
If you deposit $10,000 today in an account that earns 14.5% compounded annually, how much will the account be worth in 45 years? You have the opportunity to purchase an investment that will pay $1,625,000 at the end of 40 years. If your required rate of return on this investment is 13.2%, what is the maximum amount you should be willing to pay for it? Your grandparents deposited a $10,000 birthday check for you when you were...
Problem 1.10 You deposit $5,000 in an account that earns 5% interest compounded annually in years...
Problem 1.10 You deposit $5,000 in an account that earns 5% interest compounded annually in years 1 and 2, and thereafter a continuous rate δ(t) 2/(t + 1) (t > 0). What is the value of the account after 5 years?
Problem 1.10 You deposit $5,000 in an account that earns 5% interest compounded annually in years...
Problem 1.10 You deposit $5,000 in an account that earns 5% interest compounded annually in years 1 and 2, and thereafter a continuous rate δ(t) 2/(t + 1) (t > 0). What is the value of the account after 5 years?
9. If you deposit $1000 per month into an account which pays interest at a rate...
9. If you deposit $1000 per month into an account which pays interest at a rate of 12% per year compounded annually, the amount of money you would have at the end of five years is nearest to:
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...
Suppose you deposit 4859 today in a savings account that earns an annual interest rate of...
Suppose you deposit 4859 today in a savings account that earns an annual interest rate of 4.53% which is compounded annually. Assuming no withdrawals, how much would you have at the end of 8 years?
You will deposit $10,000 into an account at the beginning of each year for 10 years....
You will deposit $10,000 into an account at the beginning of each year for 10 years. This account earns 10% simple interest per year, payable at the end of the year. Any interest earned in the account will be deposited into a second account. This account pays 5% interest, compounded semi-annually for the first 5 years, and pays a constant force of interest of 5% for the second 5 years. What is the total accumulated value in both accounts at...
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What is the effective annual interest earned on the account? Round your answer to the nearest tenth of a percent. For example, if you get 15.1 %, write 0.151. If you deposit $29,484 in an account that earns 9% per year, compounded annually. What would be the balance in the account at the end of 38 years?
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What is the effective annual interest earned on the account? Round your answer to the nearest tenth of a percent. For example, if you get 15.1 %, write 0.151. Your friend just won the lottery. He has a choice of receiving $122,788 a year for the next 18 years or a lump sum today. The lottery uses a 8% discount rate. What would be the...
You placed $5,866 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much you will have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places.
Problem 1.10 You deposit $5,000 in an account that earns 5% interest compounded annually in years 1 and 2, and thereafter a continuous rate δ(t) 2/(t + 1) (t > 0). What is the value of the account after 5 years?
Problem 1.10 You deposit $5,000 in an account that earns 5% interest compounded annually in years 1 and 2, and thereafter a continuous rate δ(t) 2/(t + 1) (t > 0). What is the value of the account after 5 years?
9. If you deposit $1000 per month into an account which pays interest at a rate of 12% per year compounded annually, the amount of money you would have at the end of five years is nearest to:
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...
Suppose you deposit 4859 today in a savings account that earns an annual interest rate of 4.53% which is compounded annually. Assuming no withdrawals, how much would you have at the end of 8 years?
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