Homework Answers
Add Answer to:
Today, an engineer deposited $34,000 into an account that pays interest at 8% per year compounded...
help please An engineer deposited her annual bonus of $10,000 into an account that pays interest...
help please
An engineer deposited her annual bonus of $10,000 into an account that pays interest at 8% per year, compounded semiannually. If she withdrew $1000 in months 2, 11, and 23. (See the table below) and made deposits of $500 in months 5 through 8 and another single deposit of $600 in month 20, what was the total value of the account at the end of 2 years? Assume no interperiod compounding. You must draw the cash flow diagram....
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...
Suppose that $1000 is deposited into an account that pays 5% interest per year, at the...
Suppose that $1000 is deposited into an account that pays 5% interest per year, at the end of each year, the amount in the account is 1.05 times the amount at the beginning of the year. Write a MATLAB program with a for loop to calculate the amount in the account after 10, 20, and 30 years. Repeat problem 1, assuming that the interest is compounded quarterly; that is, one-fourth of the annual interest (1.25%) is added to the account...
5) An engineer deposits $500 per month into an account that pays 6% interest per year...
5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How much will be in the account at the end of 10 years? Assume no interperiod. a. d) 80,611 b. a) 60.029 c. b) 70,250 od.c) 75,890 QUESTION 6 6) What effective annual interest rate is equal to a nominal 6% per year, compounded continuously? a. d) 6.55% b. a) 6.10% C. c) 6.25% d. b) 6.18%
$2,000 is deposited today into a bank account. The account earns 4.3% per annum compounded quarterly...
$2,000 is deposited today into a bank account. The account earns 4.3% per annum compounded quarterly for the first 4 years, then 6.3% per annum compounded monthly thereafter. Assuming no further deposits or withdrawals are made, (a) Calculate the account balance six months from today. (b) Calculate the account balance 4 years from today. (c) Calculate the account balance 4.25 years from today. (d) Calculate the account balance 13 years from today.
$5,000 is deposited today into a bank account. The account earns 4.5% per annum compounded half...
$5,000 is deposited today into a bank account. The account earns 4.5% per annum compounded half yearly for the first 6 years, then 4.8% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, (a) Calculate the account balance six months from today. (b) Calculate the account balance 6 years from today. (c) Calculate the account balance 6.5 years from today. (d) Calculate the account balance 10 years from today.
5) An engineer deposits $500 per month into an account that pays 6% interest per year...
5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How much will be in the account at the end of 10 years? Assume no interperiod. a. d) 80,611 b. a) 60,029 c. b) 70,250 d. c) 75,890
calculate the value of $10,000 received today and deposited for 6 years in an account which pays interest of 12% compounded quarterly
Calculate the value of $10,000 reveived today and deposited for six years in an account which pays interest of 12% compounded quarterly
$5,000 is deposited today into a bank account. The account earns 2.8% per annum compounded half...
$5,000 is deposited today into a bank account. The account earns 2.8% per annum compounded half yearly for the first 6 years, then 7.2% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, Calculate the account balance 10 years from today.
1. If $5,000 is deposited into a savings account that pays 8% interest, compounded quarterly Ya)...
1. If $5,000 is deposited into a savings account that pays 8% interest, compounded quarterly Ya) What will the balance be after 6 years? (5 points)
help please
An engineer deposited her annual bonus of $10,000 into an account that pays interest at 8% per year, compounded semiannually. If she withdrew $1000 in months 2, 11, and 23. (See the table below) and made deposits of $500 in months 5 through 8 and another single deposit of $600 in month 20, what was the total value of the account at the end of 2 years? Assume no interperiod compounding. You must draw the cash flow diagram....
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...
Suppose that $1000 is deposited into an account that pays 5% interest per year, at the end of each year, the amount in the account is 1.05 times the amount at the beginning of the year. Write a MATLAB program with a for loop to calculate the amount in the account after 10, 20, and 30 years. Repeat problem 1, assuming that the interest is compounded quarterly; that is, one-fourth of the annual interest (1.25%) is added to the account...
5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How much will be in the account at the end of 10 years? Assume no interperiod. a. d) 80,611 b. a) 60.029 c. b) 70,250 od.c) 75,890 QUESTION 6 6) What effective annual interest rate is equal to a nominal 6% per year, compounded continuously? a. d) 6.55% b. a) 6.10% C. c) 6.25% d. b) 6.18%
5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How much will be in the account at the end of 10 years? Assume no interperiod. a. d) 80,611 b. a) 60,029 c. b) 70,250 d. c) 75,890
1. If $5,000 is deposited into a savings account that pays 8% interest, compounded quarterly Ya) What will the balance be after 6 years? (5 points)
Most questions answered within 3 hours.
-
Do we have a duty of national loyalty in business? What is the
major argument in...
asked 11 minutes ago -
The test statistic used in the F test for the equality of two
variances is calculated...
asked 6 minutes ago -
compare the international treatment of segment reporting to the
us gaap treatment
asked 7 minutes ago -
A statistics student finds herself struggling with a newspaper
article stating that only eighteen percent of...
asked 41 minutes ago -
People with beriberi, a disease caused by a thiamin deficiency,
have elevated levels of blood pyruvate...
asked 28 minutes ago -
PYTHON Programming Exercise 2: Create a Simple Cost Calculator
Write a program that displays input fields...
asked 34 minutes ago -
1.​Seki agreed that Groupon could sell 18 hot air
balloon rides on his Magical Adventures company...
asked 35 minutes ago -
A cohort study is conducted to determine whether smoking is
associated with an increased risk of...
asked 40 minutes ago -
Create the pseudo-code/flowchart for an application class named
Monogram. Its main() method inputs three variables that...
asked 41 minutes ago -
How many liters of water are required to dissolve 1.00 g of
silver chromate? Express your...
asked 43 minutes ago -
Hot: T_inlet = 80, T_out = 65
Cold: T_inlet = 10, T_out = 25
Explain in...
asked 44 minutes ago -
Two protons fly in different directions and collide. They both
have a total energy of 1.5...
asked 53 minutes ago