A company deposits $2,000 in a bank account every six months for 10 years. The account...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
A company deposits $6,000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 8 years. If the bank pays 10% interest, how much would be in the account at the end of 18 years? (7 points)
Victoria plans to make deposits of $520 at the end of every three months into a savings account in the hopes of saving up for a used car. If the account earns interest at a rate of 5% compounded quarterly, how much money will she have after 5 years?
Deposits of $96.00 are made at the end of every six months for 9.5 years. What will the deposits amount to if interest is 9% compounded semi-annually? The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
You decide to deposit $50 in the bank today and to make 10 additional deposits every 6 months beginning 6 months from now, the first of which will be $50 and increasing $10 per deposit after that. A few minutes after making the last deposit, you decide to withdraw the all the money deposited. If the bank pays 8% nominal interest compounded semiannually, how much money will you receive? You decide to deposit $50 in the bank today and to...
Kreskin deposits $8,039 every six months, increasing the amount deposited by 2.5% with each subsequent deposit. The account pays a nominal annual interest rate of 5%, compounded biannually (twice a year). How much will Kreskin have in the account at the end of 21 years?
For the last 3 years Paul has made deposits of $128.00 at the end of every six months earning interest at 11% compounded semi-annually. If he leaves the accumulated balance for another 5 years at 10% compounded annually, what will the balance be in the account?
For the last 5 years Kerwin has made deposits of $126.00 at the end of every six months earning interest at 6 % compounded semi-annually. If he leaves the accumulated balance for another 4 years at 10 % compounded annually , what will the balance be in the account?The balance will be $---------nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
please show all steps 4. A company deposits $20000 in a bank at the end of every year for 10 years, The company makes no subsequent payment for the next 8 years but withdraws $25000 at the end of 18 years. How much would be in the account at the end of 20 years? The bank pays 8% interest compounded annually. (ii) How much annual deposit should be made if your goal is to have $25,000 at the end of...
Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $170 into a trust fund every six months until Robin was twenty dash one years old. The trust fund provides for equal withdrawals at the end of each six months for two years, beginning six months after the last deposit. If interest is 5.66% compounded semi dash annually, how much will Robin receive every six months? Robin will receive $