How much must be deposited today into the following account in order to have $55,000 in...
How much must be deposited today into the following account in order to have $55,000 in 8 years for a down payment on a house? Assume no additional deposits are made. An account with that compounds annual at an APR of 4%
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How much must be deposited today into the following account in
order to have $55,000 in...
How much must be deposited today into the following account in order to have a $105,000...
How much must be deposited today into the following account in order to have a $105,000 college fund in 13 years? Assume no additional deposits are made. An account with annual compounding and an APR of 5.7% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
how much must be deposited
how much must be deposited today into the following account in order to have $40,000 in 5 years for a down payment on a house? Asssume no additional deposits are made. An account with monthly compounding and an APR of 6%. how much should be deposited today?
How much must be deposited today in an account earning 6% annually to accumulate a 20%...
How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car one year from now, assuming that the car's price one year from now is $20,800? Select one: a. $3,782 b. $3,774 c. $4,080 d. $3,925
How much must be deposited today in an account earning 6% annually to accumulate a 20%...
How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car one year from now, assuming that the car's price one year from now is $20,800? Select one: a. $3,782 b. $3,774 c. $4,080 d. $3,925
answers only please How much must be deposited at the beginning of each year an account...
answers only please
How much must be deposited at the beginning of each year an account that pays 7%, compounded annually so that the account will contain $32,000 at the end of 5 years? (Round your answer to the nearest cent) $ Need Help? What is the size of the payments that be deposited at the beginning of each 6-month period in an account that pays 5.2%, compounded semiannually, so that the account will have a future value of $140,000...
13. How much must you deposit in an account today so that you have a balance...
13. How much must you deposit in an account today so that you have a balance of $ 10,974 at the end of 12 years if interest on the account is 9 % p.a., but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). 14. The Milken Company is offering you an investment that promises you $10,000 at the end of 8 years if you invest $ 7,267 today....
You want to have $55,000 in the bank account 9 years from today to pay for...
You want to have $55,000 in the bank account 9 years from today to pay for a car and if you can fund the car by making one payment into your account today, and the bank will pay a yearly interest rate of 3%. Then, how much do you need to put in your account today?
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...
Assume you opened and deposited $1000.00 into a savings account that pays 4% per annum. If the bank compounds interest...
Assume you opened and deposited $1000.00 into a savings account that pays 4% per annum. If the bank compounds interest annually, how much will you have in your account at the end of 3 years (assuming no deposits or withdrawals are made for 3 years)? Find the balance if the bank compounds interest quarterly under the same conditions. Find the balance if the bank compounds interest continuously under the same conditions.
How much to the nearest dollar should be deposited today into an account paying 10% interest...
How much to the nearest dollar should be deposited today into an account paying 10% interest compounded monthly in order to accumulate $30,000 in 10 years? A. $11,082 O B. $24,016 OC. $9,090 OD. $16,324 O E. $7,850
How much must be deposited today into the following account in order to have a $105,000 college fund in 13 years? Assume no additional deposits are made. An account with annual compounding and an APR of 5.7% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
answers only please
How much must be deposited at the beginning of each year an account that pays 7%, compounded annually so that the account will contain $32,000 at the end of 5 years? (Round your answer to the nearest cent) $ Need Help? What is the size of the payments that be deposited at the beginning of each 6-month period in an account that pays 5.2%, compounded semiannually, so that the account will have a future value of $140,000...
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...
How much to the nearest dollar should be deposited today into an account paying 10% interest compounded monthly in order to accumulate $30,000 in 10 years? A. $11,082 O B. $24,016 OC. $9,090 OD. $16,324 O E. $7,850
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