Anthony invested a sum of money 6 yr ago in a savings account that has since...
9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...
A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the original amount placed in trust was $50,000, how much will he receive if the money has earned interest at the rate of 10%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.) compounded annually $ compounded quarterly $ compounded monthly $ Need Help? Read Talk to a Tutor MY NOTES PRACTICE ANOTHER 4. [-/0.1 Points]...
Your father invested a lump sum 24 years ago at 5.75 percent interest compounded monthly. Today, he gave you the proceeds of that investment which totaled $105,099.24. How much did your father originally invest? $15,929.47 $16,500.00 $17,444.86 $26,528.00 $27,470.75
Question 1 1 pts You invested a sum of money 6 years ago at 10% simple interest. Today the investment is worth $18,000. How much was your original investment? Express your answer in $to the nearest whole $.
I invest a large sum of money into an account that gives 3.5% annual interest compounded monthly. I leave the money in the account for 20 years. At the end of the 20 years I now have $420,300. How much did I originally invest?
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 made an investment of 10,000 in a savings account 8 years ago. this account paid 4% for the first 4 years and 5% for the next 4 years. How much is this investment worth now 3. You made an investment of $10,000 in a savings account 8 years ago. This account paid 4% for the first 4 years and 5% for the next 4 years. How much is this investment worth now? (12 Points)
Patrick macle an investment of 8,000 in a savings account 10 years ago. This account paid interest of 4% for the first 5 years and 6% for the remaining 5 years. How much is the investment worth now?
Patrick macle an investment of 8,000 in a savings account 10 years ago. This account paid interest of 4% for the first 5 years and 6% for the remaining 5 years. How much is the investment worth now?
No. 10 only. Thanks in advance SW1 compound interest (Compatibility Model - Word DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW A man deposited P5.002 on the date his son celebrated his 1st birthday. If money is worth 10% compounded semi-annually, what is the maximum amount the son can withdraw on his 21st birthday? 1. You have a choice to borrow P5.000 from a friend or from a bank. The bank charges 20% per year while your friend charges 16% per...