Homework Answers
The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.
Add Answer to:
Deposits of $96.00 are made at the end of every six months for 9.5 years. What...
For the last 5 years Kerwin has made deposits of $126.00 at the end of every...
For the last 5 years Kerwin has made deposits of $126.00 at the end of every six months earning interest at 6 % compounded semi-annually. If he leaves the accumulated balance for another 4 years at 10 % compounded annually , what will the balance be in the account?The balance will be $---------nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $240 into a...
Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $240 into a trust fund every six months until Robin was twenty-one years old. The trust fund provides for equal withdrawals at the end of each six months for four years, beginning six months after the last deposit. If interest is 5.87% compounded semi-annually, how much will Robin receive every six months? Robin will receive $___ ? (Round the final answer to the nearest cent as needed....
For the last 8 years Paul has made deposits of $84.00 at the end of every...
For the last 8 years Paul has made deposits of $84.00 at the end of every month earning interest at 9% compounded monthly. If he leaves the accumulated balance for another 5 years at 5% compounded quarterly, what will the balance be in the account? The balance will be $__? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the principal that will grow to $1400 in four years, four months at 9.5%...
What is the principal that will grow to $1400 in four years, four months at 9.5% compounded semi-annually? The principal is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the discounted value of $1327.00 paid at the end of every six months for...
What is the discounted value of $1327.00 paid at the end of every six months for 10 years if interest is 8% per annum compounded quarterly? The discounted value is $____? (Round the final answer to the nearest cent as needed. Round all intermediate values six decimal places as needed.) Please help!! !!!!! assistancr needed !!
What is the discounted value of payments of $100.00 made at the end of every three...
What is the discounted value of payments of $100.00 made at the end of every three months for 3.5 years if interest is 9% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) sd 5 (2 Cha ster! ment Enter your answer in the answer box
7. How much interest is included in the future value of an ordinary simple annuity of...
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...
1. Frank makes deposits into his savings account of $225 at the beginning of every three...
1. Frank makes deposits into his savings account of $225 at the beginning of every three months. Interest earned by the deposits is 3% compounded quarterly. (a) What will the balance in Frank's account be after eight years? (b) How much of the balance will Frank have contributed? (c) How much of the balance is interest? (a) The balance in Frank's account will be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
Jean receives annuity payments at the end of every six months. If she deposits these payments...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
Mr. Maillet has contributed $225.00 at the end of each six months into an RRSP paying...
Mr. Maillet has contributed $225.00 at the end of each six months into an RRSP paying 3% per annum compounded quarterly How much will Mr. Maillet have in the RRSP after 20 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) How much of the above amount is interest? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as...
What is the principal that will grow to $1400 in four years, four months at 9.5% compounded semi-annually? The principal is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the discounted value of payments of $100.00 made at the end of every three months for 3.5 years if interest is 9% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) sd 5 (2 Cha ster! ment Enter your answer in the answer box
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...
1. Frank makes deposits into his savings account of $225 at the beginning of every three months. Interest earned by the deposits is 3% compounded quarterly. (a) What will the balance in Frank's account be after eight years? (b) How much of the balance will Frank have contributed? (c) How much of the balance is interest? (a) The balance in Frank's account will be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
Mr. Maillet has contributed $225.00 at the end of each six months into an RRSP paying 3% per annum compounded quarterly How much will Mr. Maillet have in the RRSP after 20 years? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) How much of the above amount is interest? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as...
Most questions answered within 3 hours.
-
A car drives over the crest of a hill of radius 120m with a
speed of...
asked 4 minutes ago -
Implementation of a MapReduce-style distributed word count
application
For this assignment, you can use any programming...
asked 11 minutes ago -
In females, the labia swells and the vagin-a lubricates during
which phase of the sexual response...
asked 42 minutes ago -
2. An item costs a retailer $200. If a 30 percent markup is
desired, what should...
asked 44 minutes ago -
Your client, Anita, is hurt in a car accident and comes to you
for some advice....
asked 56 minutes ago -
how many mL of 0.1050 M NaOH is needed to reach a pH of 3.74
when...
asked 51 minutes ago -
QUESTION
Memory retrieval that is easier when the person is in the same
psychological condition during...
asked 54 minutes ago -
The mean annual inflation rate in the UNited States over the
past 98 years in 3.37%...
asked 1 hour ago -
Design a class Holiday that represents a
holiday during the year. This class has three
private...
asked 1 hour ago -
Problem 1 (Logistic Regression and KNN). In this problem, we
predict Direction using the data Weekly.csv....
asked 1 hour ago -
What is the difference between VNTRs (Variable Number Tandem
Repeats) and STRs (Short Tandem Repeats) used...
asked 1 hour ago -
Fill in
Isotope: 15 O
1. Element name:
2. Atomic number:
3. Mass number:
4. Number...
asked 1 hour ago