Samantha's savings account has a balance of $4643. After 25 years, what will the amount of...
Samantha's savings account has a balance of $4643. After 25 years, what will the amount of interest be at 6% compounded annually? Round to the nearest cent as needed.
Homework Answers
Add Answer to:
Samantha's savings account has a balance of $4643. After 25
years, what will the amount of...
nual interest rate or $23,543 what 51) or as a ally to have $8,500 to buy...
nual interest rate or $23,543 what 51) or as a ally to have $8,500 to buy 53) Solve the problem. 54) Jennifer invested $3000 in her savings account for 7 years. When she withdrew it, she had $4862.79. Interest was compounded continuously. What was the interest rate on the account? Round to the nearest tenth of a percent 55) The State Employees' Credit Union offers a 1-year certificate of deposit with an APY (or effective rate) of 5.59 If interest...
TOPC. X51) If an investor buys a 39-week T-bill with a maturity value of $25,000 for...
TOPC. X51) If an investor buys a 39-week T-bill with a maturity value of $25,000 for $23,543 what annual interest rate (annual yield) will the investor earn? (Express your answer as a percentage, correct to one decimal place.) *52) An investment company pays 7% compounded quarterly. What is the effective rate? (Compute the answer to two decimal places). 53) How much should you invest now at 6% compounded semiannually to have $8,500 to bu a car in 2.5 years? ve...
Use the compound interest formula to compute the balance in the following account after the stated...
Use the compound interest formula to compute the balance in the following account after the stated period of time, assuming interest is compounded annually. $12000 invested at an APR of 3.1% for 20 years. The balance in the account after 20 years is $ ___ (Round to the nearest cent as needed.)
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn)....
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn). If deposits of $10,000 are made each year into an account paying 8% compounded annually, how much will be in the account after 23 years? What will be the total amount of interest earned? The amount in the account after 2 years is $ (round to the nearest cent, as needed). The amount of interest earned is s (round to the nearest cent, as...
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...
f $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how fast is the balance growing after 4 years
f $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how fast is the balance growing after 4 years? (Round your answer to the nearest cent.)$ 1 per yr
M C CUNICU NU Tulure Value or savings account If you put $4,000 in a savings...
M C CUNICU NU Tulure Value or savings account If you put $4,000 in a savings account that pays Interest at the rate of 7 percent, compounded annually. a. how much will you have in three years? Round the answer to the nearest cent. Round PV-factor to three decimal places or use the Appendix A. (Hint: Use the future value formula.) b. how much interest will you earn during the three years? Round the answer to the nearest cent. c....
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.)
Find the savings plan balance after 2 years with an APR of 3% and monthly payments of $100. The balance is $ (Do not ro...
Find the savings plan balance after 2 years with an APR of 3% and monthly payments of $100. The balance is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the savings plan balance after 2 years with an APR of 3% and monthly payments of $100. The balance is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the amount needed to deposit into an account today that will yield pension payments of...
Find the amount needed to deposit into an account today that will yield pension payments of $25,000 at the end of each of the next 25 years if the account earns interest at a rate of 4.5%/yr compounded annually. (Round your answer to the nearest cent.) $
nual interest rate or $23,543 what 51) or as a ally to have $8,500 to buy 53) Solve the problem. 54) Jennifer invested $3000 in her savings account for 7 years. When she withdrew it, she had $4862.79. Interest was compounded continuously. What was the interest rate on the account? Round to the nearest tenth of a percent 55) The State Employees' Credit Union offers a 1-year certificate of deposit with an APY (or effective rate) of 5.59 If interest...
TOPC. X51) If an investor buys a 39-week T-bill with a maturity value of $25,000 for $23,543 what annual interest rate (annual yield) will the investor earn? (Express your answer as a percentage, correct to one decimal place.) *52) An investment company pays 7% compounded quarterly. What is the effective rate? (Compute the answer to two decimal places). 53) How much should you invest now at 6% compounded semiannually to have $8,500 to bu a car in 2.5 years? ve...
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn). If deposits of $10,000 are made each year into an account paying 8% compounded annually, how much will be in the account after 23 years? What will be the total amount of interest earned? The amount in the account after 2 years is $ (round to the nearest cent, as needed). The amount of interest earned is s (round to the nearest cent, as...
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...
M C CUNICU NU Tulure Value or savings account If you put $4,000 in a savings account that pays Interest at the rate of 7 percent, compounded annually. a. how much will you have in three years? Round the answer to the nearest cent. Round PV-factor to three decimal places or use the Appendix A. (Hint: Use the future value formula.) b. how much interest will you earn during the three years? Round the answer to the nearest cent. c....
Find the savings plan balance after 2 years with an APR of 3% and monthly payments of $100. The balance is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the savings plan balance after 2 years with an APR of 3% and monthly payments of $100. The balance is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Most questions answered within 3 hours.
-
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 43 minutes ago -
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 50 minutes ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 1 hour ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 2 hours ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 2 hours ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 3 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 3 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 2 hours ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 3 hours ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 3 hours ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 4 hours ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 4 hours ago