How much money should be deposited today in an account that earns 3% compounded semiannually so...
How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $12,000 in three years?
The amount of money that should be deposited is $
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How much money should be deposited today in an account that
earns 3% compounded semiannually so...
How much money should be deposited today in an account that earns 5% compounded semiannually so...
How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...
How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded...
How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded quarterly, if he wants to receive $3,750 at the end of every 6 months for the next 3 years?
How much to the nearest dollar should be deposited today into an account paying 10% interest...
How much to the nearest dollar should be deposited today into an account paying 10% interest compounded monthly in order to accumulate $30,000 in 10 years? A. $11,082 O B. $24,016 OC. $9,090 OD. $16,324 O E. $7,850
How much money should Ali invest today into a fund that earns interest at 3.25% compounded...
How much money should Ali invest today into a fund that earns interest at 3.25% compounded quarterly, if he wants to receive $7,750 at the end of every 6 months for the next 4 years?
A company must pay a $308, 000 settlement in 3 years. (a) What amount must be deposited now at 8% compounded semiannually to have enough money for the settlement? (b) How much interest will be e...
A company must pay a $308, 000 settlement in 3 years. (a) What amount must be deposited now at 8% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $100, 000 now. How much more will be needed in 3 years? (d) Suppose the company can deposit $100 ,000 now in an account that pays interest continuously. What interest rate would they need to accumulate the...
How much money should Sophie invest today into a fund that earns interest at 3.25% compounded...
How much money should Sophie invest today into a fund that earns interest at 3.25% compounded quarterly, if she wants to receive $5,000 at the end of every 6 months for the next 5 years? (the answer is not 47836.37)
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...
How much should be deposited now at 10% compounded semiannually to make possible withdrawals of $3,000...
How much should be deposited now at 10% compounded semiannually to make possible withdrawals of $3,000 every 6 months for the next 10 years? Also, how much free cash will you have withdrawn (ie money the bank gave you as interest)?
$5,000 is deposited today into a bank account. The account earns 2.8% per annum compounded half...
$5,000 is deposited today into a bank account. The account earns 2.8% per annum compounded half yearly for the first 6 years, then 7.2% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, Calculate the account balance 10 years from today.
$2,000 is deposited today into a bank account. The account earns 4.3% per annum compounded quarterly...
$2,000 is deposited today into a bank account. The account earns 4.3% per annum compounded quarterly for the first 4 years, then 6.3% per annum compounded monthly thereafter. Assuming no further deposits or withdrawals are made, (a) Calculate the account balance six months from today. (b) Calculate the account balance 4 years from today. (c) Calculate the account balance 4.25 years from today. (d) Calculate the account balance 13 years from today.
How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...
How much to the nearest dollar should be deposited today into an account paying 10% interest compounded monthly in order to accumulate $30,000 in 10 years? A. $11,082 O B. $24,016 OC. $9,090 OD. $16,324 O E. $7,850
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