The interest rate for a savings fund was 3.20% compounded semi-annualy for the first 4 years...
The interest rate for a savings fund was 3.20% compounded semi-annualy for the first 4 years and then 4.90% compounded semi-annualy for the second 4 years. Harsha invested $2,450 at the end of each 6 months for 8 years.
a. Calculate the accumulated value of her investment after the first 4 years.
b. Calculate the accumulated value of her investment at the end of 8 years.
c. How much interest did she earn in her investment over the 8 years.
Homework Answers
Add Answer to:
The interest rate for a savings fund was 3.20% compounded
semi-annualy for the first 4 years...
The interest rate for a savings fund was 3.20% compounded semi-annualy for the first 4 years...
The interest rate for a savings fund was 3.20% compounded semi-annualy for the first 4 years and then 4.90% compounded semi-annualy for the second 4 years. Harsha invested $2,450 at the end of each 6 months for 8 years. a. Calculate the accumulated value of her investment after the first 4 years. b. Calculate the accumulated value of her investment at the end of 8 years. c. How much interest did she earn in her investment over the 8 years.
The interest rate for a savings fund was 3.40% compounded semi-annualy for the first 6 years...
The interest rate for a savings fund was 3.40% compounded semi-annualy for the first 6 years and then 4.90% compounded semi-annualy for the second 6 years. Harsha invested $2,650 at the end of each 6 months for 12 years. a. Calculate the accumulated value of her investment after the first 6 years. b. Calculate the accumulated value of her investment at the end of 12 years. Round to the nearest cent c. How much interest did she earn in her...
Question 11 of 13 The interest rate for a savings fund was 3.50% compounded semi-annualy for...
Question 11 of 13 The interest rate for a savings fund was 3.50% compounded semi-annualy for the first 5 years and then 4.70% compounded semi-annualy for the second 5 years. Harsha invested $2,500 at the end of each 6 months for 10 years. stion 6 (1) estion 7 (1) estion 8 (2) estion 9 (1) estion 10 (2) estion 11 (3) uestion 12 (1) uestion 13 (1) a. Calculate the accumulated value of her investment after the first 5 years....
Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years....
Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years. For the first 8 years she earned interest at a rate of 4.80% compounded semi-annualy and for the next 8 years she earned interest at a rate of 6.40% compounded semi-annualy. a. Calculate the accumulated value of her investment after the first 8 years. $0.00 Round to the nearest cent b. Calculate the accumulated value of her investment at the end of 16 years....
mit: 01:22:29 Question 6 of 13 ons on 1 (3) Michelle invested $1,550 at the end...
mit: 01:22:29 Question 6 of 13 ons on 1 (3) Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years. For the first 8 years she earned interest at a rate of 4.70% compounded semi-annualy and for the next 8 years she earned interest at a rate of 6.50% compounded semi-annualy. zion 2 (3) stion 3 (3) a. Calculate the accumulated value of her investment after the first 8 years. estion 4 (4) mestion...
3. a) b) Victoria invested her savings in a bank at 2.75% compounded monthly. How much...
3.
a)
b)
Victoria invested her savings in a bank at 2.75% compounded monthly. How much money did she invest to enable withdrawals of $3,000 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 12 years? Round to the nearest cent How much would a business have to invest in a fund to receive $13,000 at the end of every month for 5 years? The fund has...
You invested $8,500 at the end of each half-year for 7 years in an investment fund. At the end of year 7, if the balance in the fund was $137,000, what was the nominal interest rate compounded semi-an...
You invested $8,500 at the end of each half-year for 7 years in an investment fund. At the end of year 7, if the balance in the fund was $137,000, what was the nominal interest rate compounded semi-annually?
Red Company invested $20,000 in a fund that was earning interest at a rate of 4.00%...
Red Company invested $20,000 in a fund that was earning interest at a rate of 4.00% compounded semi-annually. After 3 years and 6 months, the company transferred these funds to another investment that was earning interest at 4.50% compounded monthly. a. What is the balance in the fund at the end of 3 years and 6 months? Round to the nearest cent b. What is the balance in the fund at the end of 6 years (from the initial investment)?...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
Eric deposits 200 into a fund today and 400 twenty years later. Interest for the first...
Eric deposits 200 into a fund today and 400 twenty years later. Interest for the first ten years is credited at a nominal interest rate of 8% compounded quarterly, and thereafter at nominal discount rate of d compounded semiannually. The accumulated value in the fund at the end of thirty years is 4552. Calculate d.
The interest rate for a savings fund was 3.40% compounded semi-annualy for the first 6 years and then 4.90% compounded semi-annualy for the second 6 years. Harsha invested $2,650 at the end of each 6 months for 12 years. a. Calculate the accumulated value of her investment after the first 6 years. b. Calculate the accumulated value of her investment at the end of 12 years. Round to the nearest cent c. How much interest did she earn in her...
Question 11 of 13 The interest rate for a savings fund was 3.50% compounded semi-annualy for the first 5 years and then 4.70% compounded semi-annualy for the second 5 years. Harsha invested $2,500 at the end of each 6 months for 10 years. stion 6 (1) estion 7 (1) estion 8 (2) estion 9 (1) estion 10 (2) estion 11 (3) uestion 12 (1) uestion 13 (1) a. Calculate the accumulated value of her investment after the first 5 years....
Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years. For the first 8 years she earned interest at a rate of 4.80% compounded semi-annualy and for the next 8 years she earned interest at a rate of 6.40% compounded semi-annualy. a. Calculate the accumulated value of her investment after the first 8 years. $0.00 Round to the nearest cent b. Calculate the accumulated value of her investment at the end of 16 years....
mit: 01:22:29 Question 6 of 13 ons on 1 (3) Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years. For the first 8 years she earned interest at a rate of 4.70% compounded semi-annualy and for the next 8 years she earned interest at a rate of 6.50% compounded semi-annualy. zion 2 (3) stion 3 (3) a. Calculate the accumulated value of her investment after the first 8 years. estion 4 (4) mestion...
3.
a)
b)
Victoria invested her savings in a bank at 2.75% compounded monthly. How much money did she invest to enable withdrawals of $3,000 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 12 years? Round to the nearest cent How much would a business have to invest in a fund to receive $13,000 at the end of every month for 5 years? The fund has...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
Most questions answered within 3 hours.
-
A disabled tanker leaks kerosene (n = 1.20) into the
Persian Gulf, creating a large slick...
asked 54 seconds ago -
5. Explain the condition for a DC motor to develop the
maximum power. If a DC...
asked 15 minutes ago -
Compute the p[Ag] after 35.00 mL of 0.1 M silver nitrate has been
added to the...
asked 18 minutes ago -
Walgreen Company (NYSE: WAG) is currently trading at $48.50 on
the NYSE. Walgreen Company is also...
asked 32 minutes ago -
Based on historical data, your team knows what proportion of the
company's orders come from Males...
asked 50 minutes ago -
8. Which of the following atoms has the largest magnitude
electron affinity?
(a) Sodium (Na)
(b)...
asked 53 minutes ago -
Assess the two types of tests of cognitive abilities. (
regarding HR course)
asked 57 minutes ago -
1.Write an inspiring vision statement for an organization where
you work or have worked. If the...
asked 59 minutes ago -
2. Is fair trade coffee sustainable for the mass market,
or is it a niche product...
asked 59 minutes ago -
Please answer this asap in MATLAB.
In the following for loop, the the loop is executed...
asked 1 hour ago -
A 50.0-g golf ball is driven from the tee with an initial speed
of 44.6 m/s...
asked 1 hour ago -
Use the molar concentration of the 50 mL solution to calculate
the moles of Cr(III) in...
asked 1 hour ago