How much to the nearest dollar should be deposited today into an account paying 10% interest...
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...
How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $12,000 in three years? The amount of money that should be deposited is $
How much interest is earned in an account by the end of 5 years if $30,000 is deposited and interest is 4% per year, compounded semi-annually? What is the balance in an account at the end of 10 years if $6,500 is deposited today and the account earns 3% interest compounded annually? If you wish to accumulate $50,000 in 10 years, how much must you deposit today in an account that pays annual interest rate of 8%, with semi-annual compounding...
How much interest is earned in 5 years on $8200 deposited in an account paying 6% interest, compounded semiannually?
How much should be deposited monthly in an account that generates 6% of annual compound interest to accumulate the 20% that it needs as soon (downpayment) of a car that will acquire in 2 years and whose sales price is $25.000? a. $157.28 b.$257.50 c. $127.89 d. $474.34
Answers must be typewritten. a. Determine how much money (to the nearest dollar),that you must invest today, at 7% per annum,compounded monthly,in order to obtain 1 million dollars in 30 years. b. Determine how long it will take (to the nearest year),for $25,000, invested at an annual rate of interest of 10% and compounded quarterly,to grow to $200,000.
How much must be deposited today into the following account in order to have a $105,000 college fund in 13 years? Assume no additional deposits are made. An account with annual compounding and an APR of 5.7% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
how much must be deposited today into the following account in order to have $40,000 in 5 years for a down payment on a house? Asssume no additional deposits are made. An account with monthly compounding and an APR of 6%. how much should be deposited today?
How much should I invest today in a bank account that offers an annual interest rate of a 12% compounded monthly, in order to be able to afford infinite monthly payments, the first one of them to be of 200 €, and the amount of the further payments increasing in a 0.2% month after month?
1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest rate of 5%, compounded monthly, for 18 months. 2, How much money should be invested in an account that earns 6% annual interest, com- pounded monthly, in order to have $15, 000 in 5 years? 3. How much interest is earned on a $2000 deposit for 2 years at a 0.12% monthly interest rate. compounded daily?