Question 10 0/9 pts Find the annually compounded interest balance function and the annual interest rate...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She then deposits $150 into that savings account at the end of every subsequent month. This savings account pays an annual interest rate of 3.6% and is compounded monthly. How much does Leona have in her account at the end of each of the first 3 years? not ((1+5)* - 1 B(t)= P. (5) Round your answer to the nearest penny. Input the dollar sign...
Find the balance if $17,500 is invested at an annual interest rate of 3.25% , compounded annually, for 7 years? 15 years?
Compare simple and compound interest (compounded annually) on a principal of $25,000 at an annual rate of 4%. Find the number of years it takes for the the difference of the TOTAL using Simple interest and TOTAL using compound interest (compounded annually) to reach more than $1000.
The bank offers interest rate of 5.26%, compounded semi-annually. If you put $10 in the bank now, how much money do you have at the end of one year? (Round to the nearest cent.)
A loan of $1730 at 9.75% interest compounded semi-annually is to be repaid in four years in equal semi-annual payments. Complete an amortization schedule for the first four payments of the loan. Adjust the final payment so the balance is zero. Fill out the amortization schedule below. (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Payment Amount of Interest for Portion to Principal at Number End of Payment Period Principal Period $1730...
You placed $5,866 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much you will have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places.
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What is the effective annual interest earned on the account? Round your answer to the nearest tenth of a percent. For example, if you get 15.1 %, write 0.151. If you deposit $29,484 in an account that earns 9% per year, compounded annually. What would be the balance in the account at the end of 38 years?
8. $1000 is invested in a saving account with an annual interest rate 4%. Find the balance of the account after 15 years in the following situations (round each answer to its nearest 100th): (i) The interest is compounded annually. (ii) The interest is compounded monthly. (iii) The interest is compounded continuously.
Classify the financial problem. Assume a 6% interest rate compounded annually. What annual deposit is necessary to give $10,000 in 5 years? o ordinary annuity O future value O present value O amortization O sinking fund Answer the question. (Round your answer to the nearest cent.) $
Classify the financial problem. Assume a 10% interest rate compounded annually. Find the value of a $1,000 certificate in 4 years. O sinking fund O present value future value o ordinary annuity amortization Answer the question. (Round your answer to the nearest cent.)