Homework Answers
![1) Future value =P((1+r) t-1) P=190, r=0.0415 n=1 t = 11 FV = 190 [0.0415 - 1] 0.04 15 0.04-15 = 190x01 [1.0415)-1] 2582.4](http://img.homeworklib.com/questions/3d9288f0-a95c-11ea-8104-5fed4549f8b5.png?x-oss-process=image/resize,w_560)
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4.15%, how much will be in the account in 11 years? 7890 Incorrect Incorrect Problem #4...
2. How much interest is earned in an account by the end of 8 years...
2. How much interest is earned in an account by the end of 8 years if $24,000 is deposited at the beginning of year 1 and interest is 4.4% per year, compounded semi-annually? 3. If you wish to accumulate $53,000 in 7 years, how much must you deposit today in an account that pays annual interest rate of 8%, with quarterly compounding of interest? 4. If you deposit $9,000 at the end of each year for 9...
if you make quarterly deposits of $2500 for 20 years into a bank account that pays...
if you make quarterly deposits of $2500 for 20 years into a bank account that pays 7% interest, how much will you have in the account at the end of 20 years?
how much will be in an account 4 years from now -10 15 i- 151o 5-1016...
how much will be in an account 4 years from now
-10 15 i- 151o 5-1016 Question 19: How much will be in an account 4 years from now, if we put $4,000 in year 1 and increase our deposit by 4% each vear? Assume an 8% interest rate. )S4000
-10 15 i- 151o 5-1016 Question 19: How much will be in an account 4 years from now, if we put $4,000 in year 1 and increase our deposit by...
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the ac...
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the account earns 5% interest compounded monthly. 2. You currently have $7,700 (Present Value) in an account that has an interest rate of 3% per year compounded quarterly (4 times per year). You want to withdraw all your money when it reaches $18,480 (Future Value). In how many years will you be able to withdraw all...
Simple Interest Problem: How much money is in an account after 6 years, if you initially...
Simple Interest Problem: How much money is in an account after 6 years, if you initially deposit $838, with a simple interest of 5%? Interest is added annually.
5- How much money will be in a saving account at the end of 10 years...
5- How much money will be in a saving account at the end of 10 years from deposits of $1500 per month. If the account earns interest at a rate of 12% per year compounded semiannually? 9:00 AM
How much interest is earned in an account by the end of 5 years if $30,000...
How much interest is earned in an account by the end of 5 years if $30,000 is deposited and interest is 4% per year, compounded semi-annually? What is the balance in an account at the end of 10 years if $6,500 is deposited today and the account earns 3% interest compounded annually? If you wish to accumulate $50,000 in 10 years, how much must you deposit today in an account that pays annual interest rate of 8%, with semi-annual compounding...
4) interest questions: (10 pts total) How much will be in your bank account at the...
4) interest questions: (10 pts total) How much will be in your bank account at the end of five years if you invest $5,000 now at 12% per annum, compounded annually? (1 pts) And what if the interest rate is 12% per annum, but compounded monthly? (1 pts) If you invest your $5,000 and want to have $10,000 in five years' time, what is the minimum yearly interest rate that will ensure that you have at least this much when...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposite...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
How much money will there be in an account at the end of 4 years if...
How much money will there be in an account at the end of 4 years if $19000 is deposited at 7% interest compounded semi-annually? (Assume no withdrawals are made. Use the The amount after 4 years will be $ (Round to the nearest cent as needed.) formula A=F A=P(1 + " for compound interest Enter your answer in the answer box and then click Check Answer.
how much will be in an account 4 years from now
-10 15 i- 151o 5-1016 Question 19: How much will be in an account 4 years from now, if we put $4,000 in year 1 and increase our deposit by 4% each vear? Assume an 8% interest rate. )S4000
-10 15 i- 151o 5-1016 Question 19: How much will be in an account 4 years from now, if we put $4,000 in year 1 and increase our deposit by...
5- How much money will be in a saving account at the end of 10 years from deposits of $1500 per month. If the account earns interest at a rate of 12% per year compounded semiannually? 9:00 AM
4) interest questions: (10 pts total) How much will be in your bank account at the end of five years if you invest $5,000 now at 12% per annum, compounded annually? (1 pts) And what if the interest rate is 12% per annum, but compounded monthly? (1 pts) If you invest your $5,000 and want to have $10,000 in five years' time, what is the minimum yearly interest rate that will ensure that you have at least this much when...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
How much money will there be in an account at the end of 4 years if $19000 is deposited at 7% interest compounded semi-annually? (Assume no withdrawals are made. Use the The amount after 4 years will be $ (Round to the nearest cent as needed.) formula A=F A=P(1 + " for compound interest Enter your answer in the answer box and then click Check Answer.
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