Amanda invests $7000 in a new savings account which earns 5.0% annual interest, compounded quarterly. What...
01:29:03 Question 22 - of 22 Step 1 of 1 Tyra invests $5300 in a new savings account which earns 4.4 % annual interest compounded quarterly. What will be the value of her investment after 5 years? Round to the nearest cent. Keypad Answer How to Enter) 5 Points < rev
Jamie is making quarterly contributions of of $290 to her savings account which pays interest at the APR of 7.2%, compounded quarterly. Right after Jamie makes her 30th contribution, the bank changes the APR to 4.5% and Jamie makes 54 more $290 contributions. What is Jamie's balance right after her last contribution? Jamie is making quarterly contributions of of $290 to her savings account which pays interest at the APR of 7.2%, compounded quarterly. Right after Jamie makes her 30th...
A man invests $15,000 in an account that pays 8.5% interest per year, compounded quarterly. Find the amount after 6 years. Give the answer tl the nearest cent. $________
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...
14) Christopher invests $400 today at a 4% annual rate of return which is compounded quarterly. What is the future value of this investment after 40 years?
13.1.21 # $7000 is invested at 9% compounded (a) annually. (b) semiannually, or (c) quarterly, what is the amount after 6 years? (a) If it is compounded annually, what is the amount after 6 years? A= $ 11739.7 (Round to the nearest cent as needed.) (b) If it is compounded semiannually, what is the amount after 6 years? A = $ 11,871.17 (Round to the nearest cent as needed.) (c) If it is compounded quarterly, what is the amount after...
4) Townville Bank offers a savings account that pays 3.25% annual interest compounded monthly. a) What is the yield (APY) on this account? Round to the nearest hundredth of a percent. [5 pt] b) If Amy makes a deposit of $15,000 into this account, how much will be in her account after 8 years? [8 pt]
Lee Holmes deposited $17,200 in a new savings account at 11% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $42,200 at 11% interest compounded semiannually. At the end of 6 years, what is the balance in Lee’s account? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Lee Holmes deposited $17,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $42,000 at 9% interest compounded semiannually. At the end of 6 years, what is the balance in Lee’s account? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Suppose $10,000 is deposited into a savings account earning 2% interest compounded quarterly. Find the balance in the account 5 years, rounded to the nearest cent. Use one of the formulas below to solve the problem. Future Value: Present Value: A = P (143) P = (1+ht $14,859.47 $51 097.53