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Suppose $10,000 is deposited into a savings account earning 2% interest compounded quarterly. Find the balance...
1. If $5,000 is deposited into a savings account that pays 8% interest, compounded quarterly Ya) What will the balance be after 6 years? (5 points)
Suppose you deposited $13,000 in a savings account earning 2.9% interest compounding daily. How long will it take for the balance to grow to $26,000? Answer in years rounded to one decimal place.
Suppose you deposited $11,000 in a savings account earning 3.6% interest compounding daily. How long will it take for the balance to grow to $22,000? Answer in years rounded to one decimal place.
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...
Lee Holmes deposited $17,200 in a new savings account at 11% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $42,200 at 11% interest compounded semiannually. At the end of 6 years, what is the balance in Lee’s account? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Lee Holmes deposited $17,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $42,000 at 9% interest compounded semiannually. At the end of 6 years, what is the balance in Lee’s account? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Lee Holmes deposited $15,500 in a new savings account at 10% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,500 at 10% interest compounded semiannually. At the end of 6 years, what is the balance in Lee's account? (Do not round intermediate calculations. Round your answer to the nearest cent.) & Answer is complete but not entirely correct. Balance $ 75,045.35
Lee Holmes deposited $17.200 in a new savings account at 11% interest compounded semiannually. At the beginning of year Lee deposits an additional $42,200 at 11% Interest compounded semiannually. At the end of 6 years, what is the balance in Lee's account? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Calculate the value of $10,000 reveived today and deposited for six years in an account which pays interest of 12% compounded quarterly
You make a one-time deposit of $3600 into an account earning 6% interest compounded quarterly. How much will you have in the account in 8 years? Round to the nearest cent.