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4) (10 points) You just invested $10,000 in a fund for 5 years. How much money...
4. (8 points) Precision Engineering invested $120,000 at 5 % interest, compounded annually for 4 years....
4. (8 points) Precision Engineering invested $120,000 at 5 % interest, compounded annually for 4 years. (a) How much will Precision Engineering have at the end of the 4th year? (b) What is the total interest earned in this investment? (c) How much is the simple interest in this investment based on its initial $120,000? (d) How much is the interest on interest?
154. How much money must be invested in an account that pays 6% per year in-...
154. How much money must be invested in an account that pays 6% per year in- terest to be worth $20,000 at the end of 8 years if (forgetting leap years and making "convenient" assumptions): a. Interest is compounded annually? onomani a b. Interest is compounded semi-annually? c. Interest is compounded quarterly? Wo b d. Interest is compounded monthly? no wo o e. Interest is compounded weekly? f. Interest is compounded daily? g. Interest is compounded hourly? h. Interest is...
3) How much money should be invested at 8% per year so that after 2 years...
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly? 4) To save for his son's college education, Mr. Graff decides to put $50 aside every month in a credit union account paying 10% interest compounded monthly. If he begins this saving program when his son is 3 years old, how much will he have saved by the time his son is 18...
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...
How much money would be accumulated in 10 years for a deposit of $10,000 made at...
How much money would be accumulated in 10 years for a deposit of $10,000 made at the end-of-year zero if the account earned interest at 7% per year for the first three years, 10% per year for the next four years, and 8% per year for the last three years? The amount accumulated in 10 years will be $_________.(Round to the nearest dollar.)
Compounded Continuously 1. How much money will be in the account after 5 years if $2030...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
3) How much money should be invested at 8% per year so that after 2 years...
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly?
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
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...
How much money you will save if you deposit $1000 per year for 10 years into...
How much money you will save if you deposit $1000 per year for
10 years into an interest-bearing account earning 5% per
year?
QUESTION 5 How much money you will save if you deposit $1000 per year for 10 years into an interest-bearing account earning 5% per year? a. $9,568 b. $12.578 C. $11,578 d. $10.900 10 points Save Answer
4. (8 points) Precision Engineering invested $120,000 at 5 % interest, compounded annually for 4 years. (a) How much will Precision Engineering have at the end of the 4th year? (b) What is the total interest earned in this investment? (c) How much is the simple interest in this investment based on its initial $120,000? (d) How much is the interest on interest?
154. How much money must be invested in an account that pays 6% per year in- terest to be worth $20,000 at the end of 8 years if (forgetting leap years and making "convenient" assumptions): a. Interest is compounded annually? onomani a b. Interest is compounded semi-annually? c. Interest is compounded quarterly? Wo b d. Interest is compounded monthly? no wo o e. Interest is compounded weekly? f. Interest is compounded daily? g. Interest is compounded hourly? h. Interest is...
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly? 4) To save for his son's college education, Mr. Graff decides to put $50 aside every month in a credit union account paying 10% interest compounded monthly. If he begins this saving program when his son is 3 years old, how much will he have saved by the time his son is 18...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly?
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 money you will save if you deposit $1000 per year for
10 years into an interest-bearing account earning 5% per
year?
QUESTION 5 How much money you will save if you deposit $1000 per year for 10 years into an interest-bearing account earning 5% per year? a. $9,568 b. $12.578 C. $11,578 d. $10.900 10 points Save Answer
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