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How much money will there be in an account at the end of 7 years if...
How much money will there be in an account at the end of 4 years if...
How much money will there be in an account at the end of 4 years if $19000 is deposited at 7% interest compounded semi-annually? (Assume no withdrawals are made. Use the The amount after 4 years will be $ (Round to the nearest cent as needed.) formula A=F A=P(1 + " for compound interest Enter your answer in the answer box and then click Check Answer.
Compounded Continuously 1. How much money will be in the account after 5 years if $2030...
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...
How much interest is earned in an account by the end of 5 years if $30,000...
How much interest is earned in an account by the end of 5 years if $30,000 is deposited and interest is 4% per year, compounded semi-annually? What is the balance in an account at the end of 10 years if $6,500 is deposited today and the account earns 3% interest compounded annually? If you wish to accumulate $50,000 in 10 years, how much must you deposit today in an account that pays annual interest rate of 8%, with semi-annual compounding...
2. How much interest is earned in an account by the end of 8 years...
2. How much interest is earned in an account by the end of 8 years if $24,000 is deposited at the beginning of year 1 and interest is 4.4% per year, compounded semi-annually? 3. If you wish to accumulate $53,000 in 7 years, how much must you deposit today in an account that pays annual interest rate of 8%, with quarterly compounding of interest? 4. If you deposit $9,000 at the end of each year for 9...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposite...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
o continuously for 7 years, the account balance is 3. Find the account balance for the...
o continuously for 7 years, the account balance is 3. Find the account balance for the following when 5650 is invested with an anna interest rate of 0.4% when the interest is compounded a) monthly for 45 years, the account balance is b) seriamaly for 56 months, the account balance is c) quartery for 225 years, the account balance is continuously for 3 years, the account balance is 4. Find the doubling time found to the nearest hundredth when $2.500...
5- How much money will be in a saving account at the end of 10 years...
5- How much money will be in a saving account at the end of 10 years from deposits of $1500 per month. If the account earns interest at a rate of 12% per year compounded semiannually? 9:00 AM
An initial deposit of $8,000 is made into an account earning 6.5% compounded continuously. Therea...
I need the solution process, thanks!
An initial deposit of $8,000 is made into an account earning 6.5% compounded continuously. Thereafter, money is deposited into the account at a constant rate of $2600 per year. Find the amount in this account at any time t. How much is in this account after 5 years? O A. A -52,000e 0.065t-44,000 $27,969.59 $26,433.47 A 44,000e 0065t-3 BA 48,000 065-40.000 $24,897.34 OD. A -60,000e 0.065t -52,000 $31,041.84
An initial deposit of $8,000 is...
6. Suppose a family is depositing money into a bank account continuously at the rate of...
6. Suppose a family is depositing money into a bank account continuously at the rate of about $10,000 per year, and the account earns interest of 4% annually (compounded continuously). The family began their first year with $23,000 in the account. Assuming they don't make any withdrawals, how much money is in the account after 4 years? Derive the equation to be used
6. Suppose a family is depositing money into a bank account continuously at the rate of about...
How much money must initially be deposited in a savings account paying 5% per year, compounded...
How much money must initially be deposited in a savings account paying 5% per year, compounded annually, to provide for ten annual withdrawals that start at $6000 and decrease by $500 each year?(Ans.$30504.19)
How much money will there be in an account at the end of 4 years if $19000 is deposited at 7% interest compounded semi-annually? (Assume no withdrawals are made. Use the The amount after 4 years will be $ (Round to the nearest cent as needed.) formula A=F A=P(1 + " for compound interest Enter your answer in the answer box and then click Check Answer.
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...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...
o continuously for 7 years, the account balance is 3. Find the account balance for the following when 5650 is invested with an anna interest rate of 0.4% when the interest is compounded a) monthly for 45 years, the account balance is b) seriamaly for 56 months, the account balance is c) quartery for 225 years, the account balance is continuously for 3 years, the account balance is 4. Find the doubling time found to the nearest hundredth when $2.500...
5- How much money will be in a saving account at the end of 10 years from deposits of $1500 per month. If the account earns interest at a rate of 12% per year compounded semiannually? 9:00 AM
I need the solution process, thanks!
An initial deposit of $8,000 is made into an account earning 6.5% compounded continuously. Thereafter, money is deposited into the account at a constant rate of $2600 per year. Find the amount in this account at any time t. How much is in this account after 5 years? O A. A -52,000e 0.065t-44,000 $27,969.59 $26,433.47 A 44,000e 0065t-3 BA 48,000 065-40.000 $24,897.34 OD. A -60,000e 0.065t -52,000 $31,041.84
An initial deposit of $8,000 is...
6. Suppose a family is depositing money into a bank account continuously at the rate of about $10,000 per year, and the account earns interest of 4% annually (compounded continuously). The family began their first year with $23,000 in the account. Assuming they don't make any withdrawals, how much money is in the account after 4 years? Derive the equation to be used
6. Suppose a family is depositing money into a bank account continuously at the rate of about...
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