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Jordan just deposited $13,000 into his savings account at Traditions Bank. The bank will pay .87...
Matt recently deposited $27,500 in a savings account paying a guaranteed interest rate of 5.2% for...
Matt recently deposited $27,500 in a savings account paying a guaranteed interest rate of 5.2% for the next 10 years if Matt expects his marginal rate tax to be 22% for the next 10 years how much interest will he earn after-tax for the first year of his investment? how much interest will I earn after-tax for the second year of his investment if he withdraws enough cash every year to pay the tax on the interest he earns? How...
Olivia deposited $800 at her local credit union in a savings account at the rate of...
Olivia deposited $800 at her local credit union in a savings account at the rate of 6.2% paid as simple interest. She will earn Interest once a year for the next 7 years. If she were to make no additional deposits or withdrawals, how much money would the credit union owe Olivia in 7 years? O $1,218.88 $852.68 $1,147.20 $149.60 Now, assume that Olivia's credit union pays a compound interest rate of 6.2% compounded annually. All other things being equal,...
You have just deposited $12,000 into an account that promises to pay you an annual interest...
You have just deposited $12,000 into an account that promises to pay you an annual interest rate of 6.7 percent each year for the next 8 years. You will leave the money invested in the account and 20 years from today, you need to have $44,950 in the account. What annual interest rate must you earn over the last 12 years to accomplish this goal?
You have just deposited $8,000 into an account that promises to pay you an annual interest...
You have just deposited $8,000 into an account that promises to pay you an annual interest rate of 5.9 percent each year for the next 5 years. You will leave the money invested in the account and 15 years from today, you need to have $19,400 in the account What annual Interest rate must you earn over the last 10 years to accomplish this goal? 50:50 Multiple Choice O O O C < Prev 17 of 20 Next >
You have just deposited $6,000 into an account that promises to pay you an annual interest...
You have just deposited $6,000 into an account that promises to pay you an annual interest rate of 5.5 percent each year for the next 6 years. You will leave the money invested in the account and 10 years from today, you need to have $12,800 in the account. What annual interest rate must you earn over the last 4 years to accomplish this goal? Multiple Choice 10.64% 10.48% 9.22% 12.97% 11.53%
Assume you just deposited $1,000 into a bank account. The interest rate on your deposit is...
Assume you just deposited $1,000 into a bank account. The interest rate on your deposit is 6% and inflation is expected to be 2% over the next year. What is the real interest rate you expect to earn on your deposit over the next year? How much money will you have on deposit at the end of one year? If you are saving to buy a new smartphone that currently sells for $1,050, will you have enough money to buy...
1) If $4000 is deposited in a savings account that earns interest at an annual rate...
1) If $4000 is deposited in a savings account that earns interest at an annual rate of 2.5% interest compounded continuously, what is the value of the account at the end of two years? 2) A trust fund for a 11-year-old child is being set up by a single payment so that at age 21 the child will receive $37,000. Find how much the payment is if an interest rate of 9% compounded semiannually is assumed. 3) A bank account...
your bank pay 5 percent annual interest compounded semianually on your savings account. you dont expect...
your bank pay 5 percent annual interest compounded semianually on your savings account. you dont expect to add to the current balance of $2,700 over the next four year. how much money can you expect to have at the end of this period?
you have just deposited $8,000 into an account that promises to pay you an annual interest...
you have just deposited $8,000 into an account that promises to pay you an annual interest rate of 5.9% each year for the next 5 years. you will leave the money invested in the account and 15 years from today you jeex to have 19,400 in the account. what annual interest rate must you earn over the last 10 years to accomplish this goal?
(5 marks) Planters Bank pays 5 percent simple interest on its savings account balances, whereas Centura...
(5 marks) Planters Bank pays 5 percent simple interest on its savings account balances, whereas Centura Bank pays 5 percent compounded annually. If you made a RM12,000 deposit in each bank, how much more money would you earn from your Centura Bank account at the end of 20 years?
Olivia deposited $800 at her local credit union in a savings account at the rate of 6.2% paid as simple interest. She will earn Interest once a year for the next 7 years. If she were to make no additional deposits or withdrawals, how much money would the credit union owe Olivia in 7 years? O $1,218.88 $852.68 $1,147.20 $149.60 Now, assume that Olivia's credit union pays a compound interest rate of 6.2% compounded annually. All other things being equal,...
You have just deposited $8,000 into an account that promises to pay you an annual interest rate of 5.9 percent each year for the next 5 years. You will leave the money invested in the account and 15 years from today, you need to have $19,400 in the account What annual Interest rate must you earn over the last 10 years to accomplish this goal? 50:50 Multiple Choice O O O C < Prev 17 of 20 Next >
(5 marks) Planters Bank pays 5 percent simple interest on its savings account balances, whereas Centura Bank pays 5 percent compounded annually. If you made a RM12,000 deposit in each bank, how much more money would you earn from your Centura Bank account at the end of 20 years?
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