Georgia deposited money in her retirement account 11 years ago. Today her account has $8600 in...
Georgia deposited money in her retirement account 11 years ago. Today her account has $8600 in it. Assuming a 4% interest rate. how much did Georgia deposit 11 years ago? (Round your answer to the nearest dollar)
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Georgia deposited money in her
retirement account 11 years ago. Today her account
has $8600 in...
Many years ago, Julie deposited $14,490 into a savings account. Today, the balance of the account...
Many years ago, Julie deposited $14,490 into a savings account. Today, the balance of the account is $62,625. How long ago did she make the initial deposit if the annual interest rate on the account is 5 percent? Multiple Choice 29.51 years 0 29.72 years 29.72 years 30.13 years 30.00 years 29.67 years
How much money should be deposited today in an account that earns 5% compounded semiannually so...
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...
Anna deposited $6,874 today in a guaranteed investment account with a promised rate of 4.7% compounded...
Anna deposited $6,874 today in a guaranteed investment account with a promised rate of 4.7% compounded annually. She plans to leave it there for 9 full years. How much money will she have in her account in 9 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
Pete Frost made a deposit into his savings account 3 years ago and earned interest at...
Pete Frost made a deposit into his savings account 3 years ago and earned interest at an annual rate of 8%. The deposit accumulated to $20,500. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? terly? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. (a) Annually (b) Semiannually (c) Quarterly
Rick deposited $3,000 into an account 12 years ago for an emergency fund. Today, that account...
Rick deposited $3,000 into an account 12 years ago for an emergency fund. Today, that account is worth $4,460. What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?
Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of
9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...
Tanja wants to establish an account that will supplement her retirement income beginning 20 years from...
Tanja wants to establish an account that will supplement her retirement income beginning 20 years from now. Find the lump sum she must deposit today so that 600.000 will be available at time of retirement, the interest rate is 9%, compounded quarterly How much mu Tanja invest? P- (Round to the nearest cant as needed
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposite...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
an account has been established 4 years ago with an initial deposit. today the account is...
an account has been established 4 years ago with an initial deposit. today the account is credited with annual interest of 291. the interest rate is 7.6 compounded annually. no other deposits or withdrawals have been made. how much is the end of the day balance
Present Value Computation Pete Frost made a deposit into his savings account three years ago, and...
Present Value Computation Pete Frost made a deposit into his savings account three years ago, and earned interest at an annual rate of 8%. The deposit accumulated to $25,000. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually $ (b) Semiannually $ (c) Quarterly $ 0 0
Many years ago, Julie deposited $14,490 into a savings account. Today, the balance of the account is $62,625. How long ago did she make the initial deposit if the annual interest rate on the account is 5 percent? Multiple Choice 29.51 years 0 29.72 years 29.72 years 30.13 years 30.00 years 29.67 years
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...
Anna deposited $6,874 today in a guaranteed investment account with a promised rate of 4.7% compounded annually. She plans to leave it there for 9 full years. How much money will she have in her account in 9 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
Pete Frost made a deposit into his savings account 3 years ago and earned interest at an annual rate of 8%. The deposit accumulated to $20,500. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? terly? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. (a) Annually (b) Semiannually (c) Quarterly
Tanja wants to establish an account that will supplement her retirement income beginning 20 years from now. Find the lump sum she must deposit today so that 600.000 will be available at time of retirement, the interest rate is 9%, compounded quarterly How much mu Tanja invest? P- (Round to the nearest cant as needed
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
Present Value Computation Pete Frost made a deposit into his savings account three years ago, and earned interest at an annual rate of 8%. The deposit accumulated to $25,000. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually $ (b) Semiannually $ (c) Quarterly $ 0 0
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