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8. Syrena deposited 3,300 in an account that vields 5.49 interest, compounded quarterly. How much is...
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)
You have deposited $1,500 in an account that promises to pay 8% compounded quarterly for the next five years. How much will you have in the account at the end?
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...
You deposited $20,000 in a savings account that pays 12 percent interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to the Rocky Mountains to become a ski instructor rather than continue in school, so you close out your account. How much money will you receive?
) Avery deposits a tax refund of $235 in an account paying 2.4% interest compounded quarterly. How much is in the account after 20 years? .) If the refund had been deposited in an account paying 2.3% simple interest, how much would be in the account after 20 years? ) If Avery deposits $200 at the end of each quarter in an account paying 2.4% interest compounded quarterly, how much would be in the account after 20 years?
Find how much should be deposited now at 8% interest, compounded semiannually, to yield an annuity payment of $700 at the BEGINNING of each 6 months, for 2 years
John is planning to retire in 15 years. Money can be deposited at 8% compounded quarterly. What quarterly amount must be deposited at the end of each quarter until John retires so that he can make a withdrawal of $ 23,376 semiannually over the first 5 years of his retirement. Assume that John's first withdrawal occurs at the end of six months after his retirement.
You plan to deposit $5,607 into a savings account paying 6% interest compounded quarterly. How much will be in your account - assuming no withdrawals-after three years? $6,704 $4,187 $5,970 $7,563
2. How much interest is earned in an account by the end of 8 years if $24,000 is deposited at the beginning of year 1 and interest is 4.4% per year, compounded semi-annually? 3. If you wish to accumulate $53,000 in 7 years, how much must you deposit today in an account that pays annual interest rate of 8%, with quarterly compounding of interest? 4. If you deposit $9,000 at the end of each year for 9...
if $2000 is deposited into an account earning 8% interest compounded continuously, what is the value of the account after 5 years?