10) A sum of $3,000 is deposited into an account paying 10% annually. If $1,206 is...
The sum of $5300 is deposited into an account paying 10% annually. If $ 1100 is withdrawn at the end of years 1, year 2 and year 3, how much remains in the account at the end of year 3? Multiple Choice 0 3754.63 0 3013 3413 0 3583.97 3583.97 2730.64
6) Sharon Marsh just graduated. She plans to work for five years and then leave for the Australian "Outback" Country for an extended vacation. She figures she can save $3,500 at the end of each of the first three years and $5,000 at the end of each of two years after. Her family also gave her a graduation gift today of $2,500. Sharon sets up a savings account that offers her an APR of 7.75% which compounds annually. What is...
Bob deposited $409274 into an account paying 2% interest compounded annually with the goal of letting the money accrue interest until the end of year 34. Unfortunately, Bob had a small health crisis at the end of year 8 and had to use the money in the account for several years to help with expenses. Bob made an annual withdrawal of $30128 at the end of each year for 4 years. Bob's health improved and he was able to let...
Twenty years ago, you deposited $5,000 into an account. You earned 12 percent, compounded annually. How much money do you have in your account today? $25,167.14 $34,826.82 $48,231.47 $16,471.46 10 points QUESTION 4 Jesus deposits $3,000 into an account paying 4 percent interest, compounded annually. At the same time, Jorge deposits $3,000 into an account paying 2 percent interest, compounded annually. At the end of five years: Both Jesus and Jorge will have earned the same amount of interest....
lamb company deposited $15000 annually for 6 years in an account paying 5% interest compounded anually .what is the balance of the account at the end of the sixth year?
Question 6 0.6 pts Chester deposited $420728 into an account paying 5% interest compounded annually with the goal of letting the money accrue interest until the end of year 32. Unfortunately, Chester had a small health crisis at the end of year 10 and had to use the money in the account for several years to help with expenses. Chester made an annual withdrawal of $41167 at the end of each year for 5 years. Chester's health improved and he...
6,7 pls 6. A person deposits $1,000 in an account each year for five years beginning at the end of year 1). At the end of the fifth year (immediately after the deposit), one half of the account balance is withdrawn. $2,000 is deposited annually for five more years (starting at the end of year 6), and the total balance is withdrawn at the end of the 15th year. There are no additional deposits made in years 11 - 15....
Jose Reynolds deposited $10,000 in an account paying interest of 4% compounded annually. What amount will be in the account at the end of 4 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Amount $
5 of 16 (4 complele) HW Score: Problem 4-62 (algorithmic) A person deposits $3,000 in an account each year for five years (starting at the end of year one) At the end of the fifth year, one-half of the account balance is withdrawn, 56,000 is deposited annually for five more your starting in the balance withdrawn at the end of the fifteenth year. There are no additional payments in years 11-15 a. Choose the correct cash flow diagram b. If...
Problem 4-62 (algorithmic) Question Help A person deposits $3,000 in an account each year for five years (starting at the end of year one). At the end of the fifth year, one-half of the account balance is withdrawn: $6,000 is deposited annually for five more years (starting in the 6th year), with the total balance withdrawn at the end of the fifteenth year. There are no additional payments in years 11-15. a. Choose the correct cash flow diagram. b. If...