Chapter 10, Section 10.1, Question 026 Each year, a family deposits $5000 into an account paying...
Deposits are made at the end of years 1 to 7 into an account paying 5.8%/year compounded annually. The deposits start at 5000 and increase by $1000 each year. How much will be in the account after the last deposit?
Question 14 1.81 pts Deposits of $13 are made to an account each year for 31 years. If k29% (simple rate of interest) per year, how much will be in the account at the end of 50 years? Round your final answer to two decimal places. 1.81 pts Question 15 You make a deposit of $46 cach year for 40 years in an account that earns a simple interest rate of 6% per year. If you make the first deposit...
Violet deposits $1,567 at the end of each year into an account paying a nominal annual interest rate of 3% compounded monthly. How much does Violet have in the account at the end of 12 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (";") or a decimal point (':')
You deposit $5000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 25 years? Get help: Video Video
Starting on October 1, 2003, annual deposits of $155 are made into an account paying interest at a rate of 8.4% compounded monthly. How much is in the account immediately after the deposit on October 1, 2030? *do not round intermediate steps*
Assume you deposit $4,800 at the end of each year into an account paying 11.5 percent interest a. How much money will you have in the account in 25 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Book erences / a. Future value b....
Deposits are made at the end of years 1 through 7 into an account paying 9.5% per year interest. The deposits start at $5,600 and increase by $700 each year. How much will be in the account immediately after the last deposit?
4) If a person deposits $2000 in to an account paying 6% compounded annually one year from now and then increases his deposits by 100$ each year for the next eight years, determine the amount of money that will be in the account at the end of eight years. 5) What is the equivalent present amount of a fifteen year period series of decreasing amounts if the interest rate is 12% compounded annually the first year amount is $35000 and...
14)A man deposits $18 comma 000 at the beginning of each year for 10 years in an account paying 6% compounded annually. He then puts the total amount on deposit in another account paying 9% compounded semiannually for another 9 years. Find the final amount on deposit after the entire 19-year period. He will have a final amount of $ after the entire 19-year period .
Question 3 Kim deposits her annual bonus into a savings account that pays 10% interest compounded monthly. The size of the bonus increases annually. The size of the bonus increases by $1,000 each year, and the initial bonus amount is $3,000. Determine how much will be in the account immediately after the fifth deposit.