Homework Answers
Add Answer to:
D Question 28 3 pts Your 5 year bank Certificate of Deposit just matured and the...
Question 3 2 pts Wk3Hw_FV2 Sara has $5,990 to invest in a bank certificate of deposit...
Question 3 2 pts Wk3Hw_FV2 Sara has $5,990 to invest in a bank certificate of deposit for 9 years. The bank is paying 12% interest per year compounded monthly. How much will Sara's investment be worth at the end of the 9 year period? (round to 2 decimal places) Use the correct formula from below to solve this problem. **(1+r)^n x+(CF/(1+r)^1)+(CF/(1+r)^2)+(CF/(1+r)^3)+(CF/(1+r)^4).... x+SQRT(1-rin) Wk3Hw_FV2
Dixie Bank offers a certificate of deposit with an option to select your own investment period....
Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,000 for his CD investment. If the bank is offering a 6% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a two year investment period? a five-year investment period? a eight-year investment period? a fifteen year year investment period? a. How much will the $7,000 CD investment at 6% interest rate be worth at...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for five years. The CD will pay interest of 9 percent compounded annually. What is the future value of Allen’s investment? How much would that investment be if Allen received simple interest only instead of compounded interest? 2. Mary Grace expects to need $50,000 for a down payment on a house in six years. How much would she have to invest today in an account...
You plan to invest an amount of money in five-year certificate of deposit (CD) at your...
You plan to invest an amount of money in five-year certificate of deposit (CD) at your bank. The stated interest rate applied to the CD is 12 percent, compounded monthly. How much must you invest if you want the balance in the CD account to be $8,500 in five years? Please explain the formula.
Your grandmother asks for your help in choosing a certificate of deposit (CD) from a bank...
Your grandmother asks for your help in choosing a certificate of deposit (CD) from a bank with a one-year maturity and a fixed interest rate. The first certificate of deposit, CD #1, pays 5.95 percent APR compounded quarterly, while the second certificate of deposit, CD #2, pays 6.00 percent APR compounded annually. What is the effective annual rate (the EAR) of each CD, and which CD do you recommend to your grandmother? If the first certificate of deposit, CD #1,...
Your grandmother asks for your help in choosing a certificate of deposit (CD) from a bank...
Your grandmother asks for your help in choosing a certificate of deposit (CD) from a bank with a one-year maturity and a fixed interest rate. The first certificate of deposit, CD #1, pays 5.95 percent APR compounded quarterly, while the second certificate of deposit, CD #2, pays 6.00 percent APR compounded weekly. ****What is the effective annual rate (the EAR) of each CD, If the first certificate of deposit, CD #1, pays 5.95 percent APR compounded , the EAR for...
You’ve decided to set aside $5,000 in a commercial bank certificate of deposit (CD). Assuming your...
You’ve decided to set aside $5,000 in a commercial bank certificate of deposit (CD). Assuming your money will earn interest at a rate of 3%, how much will your entire account be worth at the end of the first year? Group of answer choices $15,000 $5,150 $150 $1,666
Question 6 20 pts How much would you have to deposit in your bank account in...
Question 6 20 pts How much would you have to deposit in your bank account in year 5 and year 6 (the same amount in each year) to have $5,000 in your account in year 8 if your bank account earns 3% compounded annually? 0 $2,288 O $2,322 0 $2,356 O $2,500
Round to the nearest cent Future value (with changing years). Dixie Bank offers a certificate of...
Round to the nearest cent
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $5,000 for his CD investment. If the bank is offering a 6% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. three-year investment period? b. five-year investment period? c. ten-year investment period? d. twenty-year investment period?
Your local bank is offering a new type of retirement savings account. An initial deposit is...
Your local bank is offering a new type of retirement savings account. An initial deposit is made to the account when it is opened. This money and any accumulated interest must be left in the account for 29 years. No additional deposits can be made. On the day the account is opened and on each annual anniversary of the initial deposit, the account balance is reviewed and the following terms apply: 1. If the account balance is less than or...
Question 3 2 pts Wk3Hw_FV2 Sara has $5,990 to invest in a bank certificate of deposit for 9 years. The bank is paying 12% interest per year compounded monthly. How much will Sara's investment be worth at the end of the 9 year period? (round to 2 decimal places) Use the correct formula from below to solve this problem. **(1+r)^n x+(CF/(1+r)^1)+(CF/(1+r)^2)+(CF/(1+r)^3)+(CF/(1+r)^4).... x+SQRT(1-rin) Wk3Hw_FV2
Question 6 20 pts How much would you have to deposit in your bank account in year 5 and year 6 (the same amount in each year) to have $5,000 in your account in year 8 if your bank account earns 3% compounded annually? 0 $2,288 O $2,322 0 $2,356 O $2,500
Round to the nearest cent
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $5,000 for his CD investment. If the bank is offering a 6% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. three-year investment period? b. five-year investment period? c. ten-year investment period? d. twenty-year investment period?
Your local bank is offering a new type of retirement savings account. An initial deposit is made to the account when it is opened. This money and any accumulated interest must be left in the account for 29 years. No additional deposits can be made. On the day the account is opened and on each annual anniversary of the initial deposit, the account balance is reviewed and the following terms apply: 1. If the account balance is less than or...
Most questions answered within 3 hours.
-
Assuming 100% dissociation, calculate the freezing point (?fTf)
and boiling point (?bTb) of 1.45 ? K3PO4(aq)1.45...
asked 34 seconds ago -
An inflated helium balloon with a volume of 0.35L at
sea level (1.0 atm) was allowed...
asked 2 minutes ago -
Python 3.0 Please
Write a function that takes, as arguments, a binary string, a
list of...
asked 30 minutes ago -
(a) Calculate the momentum of a 2150 kg elephant charging a
hunter at a speed of...
asked 18 minutes ago -
all the following is an example of a fixed cost except: any cost
that changes in...
asked 20 minutes ago -
Briefly describe the changes in pupil diameter that occur with
changes in light intensity or distance...
asked 19 minutes ago -
A small sample from a vial of phenol melts at 39-40 °C. A larger
sample from...
asked 22 minutes ago -
Draw a δ-lysine amino acid and label all the carbons (alpha,
beta, gamma, etc.)
asked 35 minutes ago -
A uniform thin rod of length 0.97 m and mass 2.2 kg lies in a
horizontal...
asked 27 minutes ago -
A 110 kg horizontal beam is supported at each end. A 340 kg
piano rests at...
asked 29 minutes ago -
Case 5: World Food Programme: A Quarter a Day Keeps the
Hunger Away
Case Summary: Established...
asked 35 minutes ago -
What do the suction port connection adapter and gasket do in 2
Cylinder refrigerant gas piston...
asked 35 minutes ago