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Find the final amount of money in an account if $1,400 is deposited at 2 %...
Find the final amount of money in an account if $ 6 , 100 is deposited...
Find the final amount of money in an account if $ 6 , 100 is deposited at 4 % interest compounded quarterly (every 3 months) and the money is left for 10 years. The final amount is $__________
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...
Find the final amount of money in an account if $2,500 is deposited at 4% interest...
Find the final amount of money in an account if $2,500 is deposited at 4% interest compounded annually and the money is left for 10 years. The final amount is $ . Round answer to 2 decimal places
Find the amount of money (Future Value) in an account where $3,300 is deposited (Present Value)...
Find the amount of money (Future Value) in an account where $3,300 is deposited (Present Value) at an interest rate of 6% per year compounded continuously and the money is left in the account for 12 years. The final amount is $ Round your answer to 2 decimal places
Find the inverse of f(x) 2x - 4 5.2 3 f-'(x) = Find the final amount...
Find the inverse of f(x) 2x - 4 5.2 3 f-'(x) = Find the final amount of money in an account if $4, 900 is deposited at 2 % interest compounded quarterly (every 3 months) and the money is left for 8 years, The final amount is $ Round answer to 2 decimal places
An investor needs $16,000 in 16 years. (a) What amount should be deposited in a fund...
An investor needs $16,000 in 16 years. (a) What amount should be deposited in a fund at the end of each quarter at 6% compounded quarterly so that there will be enough money in the fund? (b) Find the investor's quarterly deposit if the money is deposited at 9.6% compounded quarterly. (a) The deposit should be $ - (Do not round until the final answer. Then round to the nearest cent as needed.)
Compounded Continuously 1. How much money will be in the account after 5 years if $2030...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have...
You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have in the account in 10 years? Use this formula and round to the nearest cent. А Pem $ The admission fee at an amusement park is $4.00 for children and $5.20 for adults. On a certain day, 273 people entered the park, and the admission fees collected totaled 1290 dollars. How many children and how many adults were admitted? number of children equals number...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposite...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
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...
Find the amount of money (Future Value) in an account where $3,300 is deposited (Present Value) at an interest rate of 6% per year compounded continuously and the money is left in the account for 12 years. The final amount is $ Round your answer to 2 decimal places
Find the inverse of f(x) 2x - 4 5.2 3 f-'(x) = Find the final amount of money in an account if $4, 900 is deposited at 2 % interest compounded quarterly (every 3 months) and the money is left for 8 years, The final amount is $ Round answer to 2 decimal places
An investor needs $16,000 in 16 years. (a) What amount should be deposited in a fund at the end of each quarter at 6% compounded quarterly so that there will be enough money in the fund? (b) Find the investor's quarterly deposit if the money is deposited at 9.6% compounded quarterly. (a) The deposit should be $ - (Do not round until the final answer. Then round to the nearest cent as needed.)
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have in the account in 10 years? Use this formula and round to the nearest cent. А Pem $ The admission fee at an amusement park is $4.00 for children and $5.20 for adults. On a certain day, 273 people entered the park, and the admission fees collected totaled 1290 dollars. How many children and how many adults were admitted? number of children equals number...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
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