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14. How much would you have to deposit each quarter at 6% compounded quarterly, in order...
1 How much would you need to deposit at the end of each quarter in a...
1 How much would you need to deposit at the end of each quarter in a saving account earning 6% interest in order to accumulate $5000 at the end of 5 years.
You deposit $258 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly...
You deposit $258 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point("").
9. How much would you need to deposit in an account now in order to have...
9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly. 13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much would he need to deposit in the account each month? b. How much total money will he put into the account? c. How much total interest will...
Ingrid wants to buy a $17,000 car in five years how much money Messi deposit at the end of each quarter in an account paying 5.4% compounded quarterly so that she will have enough to pay for her car?
Ingrid wants to buy $17,000 car in five years. How much money machine deposit at the end of each quarter in an account paying 5.4% compounded quarterly so that she will have enough to pay for her car?
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the ac...
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the account earns 5% interest compounded monthly. 2. You currently have $7,700 (Present Value) in an account that has an interest rate of 3% per year compounded quarterly (4 times per year). You want to withdraw all your money when it reaches $18,480 (Future Value). In how many years will you be able to withdraw all...
You plan to deposit $5,607 into a savings account paying 6% interest compounded quarterly. How much...
You plan to deposit $5,607 into a savings account paying 6% interest compounded quarterly. How much will be in your account - assuming no withdrawals-after three years? $6,704 $4,187 $5,970 $7,563
How much would you need to deposit in an account now in order to have $5000...
How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 3% interest compounded monthly.
You make a one-time deposit of $3600 into an account earning 6% interest compounded quarterly. How...
You make a one-time deposit of $3600 into an account earning 6% interest compounded quarterly. How much will you have in the account in 8 years? Round to the nearest cent.
14. Gordon Freeman wants to have $32,000 in 5 years in order to purchase a new...
14. Gordon Freeman wants to have $32,000 in 5 years in order to purchase a new car (a) How much should he deposit today in an account earning 6.4%, compounded quarterly, to have the required amount in 5 years? (b) How much interest will be earned? (c) If he can only deposit $16,000 now, how short of $32,000 will he be? (d) Suppose he can deposit $16,000 now in account that compounds interest continuously, What interest rate would he need...
You deposit $300 in a bank account that pays an interest rate of 6%, compounded quarterly....
You deposit $300 in a bank account that pays an interest rate of 6%, compounded quarterly. In excel, compute how much your account balance will be at the end of each year for the next 5 years. Which of the following accurately depicts this calculation?
You deposit $258 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point("").
9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly. 13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much would he need to deposit in the account each month? b. How much total money will he put into the account? c. How much total interest will...
14. Gordon Freeman wants to have $32,000 in 5 years in order to purchase a new car (a) How much should he deposit today in an account earning 6.4%, compounded quarterly, to have the required amount in 5 years? (b) How much interest will be earned? (c) If he can only deposit $16,000 now, how short of $32,000 will he be? (d) Suppose he can deposit $16,000 now in account that compounds interest continuously, What interest rate would he need...
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