5. How much money, P, should be invested at 6% compounded quarterly (n=4) so that you...
How much money must be invested at 4% interest compounded quarterly to yield $50,000 after 10 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...
How much money should a company deposit in an account with an annual interest rate of 4%, compounded quarterly, in order to have $50,000 in six years? (Round to the nearest dollar) (a) $41,923 (b) $38,844 (c) $39,378 (d) $50,000
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
154. How much money must be invested in an account that pays 6% per year in- terest to be worth $20,000 at the end of 8 years if (forgetting leap years and making "convenient" assumptions): a. Interest is compounded annually? onomani a b. Interest is compounded semi-annually? c. Interest is compounded quarterly? Wo b d. Interest is compounded monthly? no wo o e. Interest is compounded weekly? f. Interest is compounded daily? g. Interest is compounded hourly? h. Interest is...
How much money should Ali invest today into a fund that earns interest at 3.25% compounded quarterly, if he wants to receive $7,750 at the end of every 6 months for the next 4 years?
3) How much money should be invested at 8% per year so that after 2 years the amount will be $10,000 when the interest is compounded monthly? 4) To save for his son's college education, Mr. Graff decides to put $50 aside every month in a credit union account paying 10% interest compounded monthly. If he begins this saving program when his son is 3 years old, how much will he have saved by the time his son is 18...
4) (10 points) You just invested $10,000 in a fund for 5 years. How much money will be in the account at the end of 5 years for the following interest rates a) 10% simple interest per year? b) 8% per year compounded annually?
How much money should Sophie invest today into a fund that earns interest at 3.25% compounded quarterly, if she wants to receive $5,000 at the end of every 6 months for the next 5 years? (the answer is not 47836.37)
How much money should be invested today in order to have $8340 at the end of 9 years if the interest paid is a nominal rate of 4.25 percent compounded semi-annually?