This Question:... 7 of 15 (1 complete) This Test: 50 What is the maturity value of...
What is the maturity value of a 9-year term deposit of $3255,53 at 2.3% compounded annually? How much interest did the deposit cam? The maturity value of the term deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The amount of interest eamed is su (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
2020 This Question:... er 20 15 of 15 (1 complete) This Test: 50 ... 201 The Continental Bank advertises capital savings at 6.9% compounded annually while TD Canada Trust offers premium savings at 6.65% compounded monthly. Suppose you have $2500 to invest for two years. (a) Which deposit will earn more interest? (b) What is the difference in the amount of interest? (a) The savings account will earn more interest. ctic (b) The difference is $ (Round the final answer...
A 54542.16 investment matures in 6 years, 2 months. Find the maturity value if interest is 2.9% per annum compounded semi-annually The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
7. How much interest is included in the future value of an ordinary simple annuity of $1,350 paid every six months at 6% compounded semi-annually if the term of the annuity is 2 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 8. Glenn has made contributions of $250 at the end of every three months into an RRSP for ten years. Interest for...
A $7992.34 investment matures in 4 years, 10 months. Find the maturity value if interest is 8.9% per annum compounded annually. The maturity value is $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
1 of 15 (0 complete) An investment of $3300 earns interest at 6.6% per annum compounded annually for four years. At that time the interest rate is changed to 7% compounded semi-annually. How much will the accumulated value be three-and-a-half years after the change? The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ndal
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is 4.9% per annum compounded quarterly. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Please help thank you. A $87,000 mortgage is to be amortized by making monthly payments for 15 years. Interest is 8.1% compounded semi-annually for a seven-year term. (a) Compute the size of the monthly payment. (b) Determine the balance at the end of the seven-year term. (c) If the mortgage is renewed for a seven-year term at 7% compounded semi-annually, what is the size of the monthly payment for the renewal term? (a) The size of the monthly payment is...
Find the proceeds of a promissory note with a maturity value of $2900 due on December 31, 2021, discounted at 5.6% compounded semi-annually on June 30, 2019. The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A $7114 22 investment matures in 6 years, 4 months. Find the maturity value if interest is 4.1% per annum compounded annually The maturity value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal nlaces as needed