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?
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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?
David makes a sequence of 34 monthly deposits of 530 dollars each into an account paying interest convertible monthly. Immediately after making the 34th deposit, the account balance is 19741.55 dollars. What is the nominal rate of interest convertible monthly?
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...
(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?
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?
Janelle makes monthly deposits of 90 dollars into an account that pays an effective rate of interest of 6 percent. How much will she have in the account immediately after the 24th deposit? (Hint: What is the formula for an annuity?)
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?
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*
You deposit $1,100 at the end of each year into an account paying 9.1 percent interest. (a) How much money will you have in the account in 19 years? (b) How much will you have if you make deposits for 38 years?
HW21: Problem 4 Previous Problem Problem List Next Problem (1 point) Grandma decides to put 1100 dollars every month into an account for you. She makes 18 monthly deposits, the last coming September 1, 2019 - the day you start college. She wants you to be able to withdraw money from this account at the beginning of each month, with the first withdrawal coming September 1, 2019 and the last coming June 1, 2024, (when you'll graduate). (Note: that makes...