Theodore invests 4720 dollars on a yearly basis at an effective rate of interest of 7.2 percent . He makes the first deposit on 1June 1973 and final deposit on 1June 1995. How much does the investment worth 1June 2008?
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(1 point) Theodore invests 4120 dollars on a yearly basis at an effective rate of interest of 5.1 percent. He makes the first deposit on June 1, 1973, and the final deposit on June 1, 1995. How much is the investment worth on June 1, 2007? Answer dollars
Bob invests $5000 on a yearly basis at an effective rate of interest of 10%. He makes the first deposit on June 1, 1980, and the final deposit on June 1, 2000. How much is the investment worth on June 1, 2020? Please use the effective rate formula and geometric sequence formula because this is for my math assignment, not a finance assignment. Thanks!
Alex makes deposits of 7900 dollars on a yearly basis into an account paying 9.1 percent nominal interest convertible semiannually . How much is in the account immediately after the 14th deposit is made?
Grandma decides to put 1400 dollars into an account for you. She makes monthly 25 deposit ,the last coming 1September2003,the day you start at collage .She wants yoy to be able to withdraw money from this account at the beginning of each month with the first withdrawal coming 1September2003 and the last coming 1June 2008.Note that makes 58 withdrawals in total .How much will you be able to withdraw each month if te account is earning a normal interest rate...
Bubba makes annual deposits of 1950 dollars into an account, with the first coming on August 1, 1980, and the last on August 1, 1988. On August 1, 1990, he makes a deposit of 3200 dollars, and continues to do so once each year until making a final deposit on August 1, 2000. If the account pays an effective rate of interest of 9.3 percent, how much is in the account on August 1, 2005?
Alex makes deposits of 7600 dollars on a yearly basis into an account paying 7.5 percent nominal interest convertible semiannually. How much is in the account immediately after the 14th deposit is made?
Hannibal opens a savings account on January 1, 1984 with a deposit of 330 dollars, and continues to make deposits of the same amount at the beginning of each month until January 1, 1990, when he makes the final deposit. If the account pays a nominal rate of interest of 4.7 percent convertible monthly, how much is in the account on January 1, 1998? (1 point) Hannibal opens a savings account on January 1, 1984 with a deposit of 330...
George invests 2490 dollars at a simple interest rate of 10.4 percent. How much is his investment worth after 27 months?
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,500 for his CD investment. If the bank is offering a 4.5% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two-year investment period? b. six-year investment period? c. ten-year investment period? d. fifteen-year investment period? a. How much will the $7,500 CD investment at 4.5% interest rate...
(1 point) Hannibal opens a savings account on January 1, 1984 with a deposit of 330 dollars, and continues to make deposits of the same amount at the beginning of each month until January 1, 1990, when he makes the final deposit. If the account pays a nominal rate of interest of 5.9 percent convertible monthly, how much is in the account on January 1, 1998?