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The amount is $339240
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5- How much money will be in a saving account at the end of 10 years...
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...
Question 1 Each year, you invest 100 in a saving account that earn 10%/year. How much...
Question 1 Each year, you invest 100 in a saving account that earn 10%/year. How much will you have at the end of 20 years? Question 2 Today you deposit 1500 in a savings account that earns 5%/year. How much will you have after 20 years? Question 3 What is the present value of 20000 to be received 20 years from today if interest rate is 5.5%/year
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...
$ 150 weekly in saving account at 4.00% interest compounded saving any money. a.how much will you have at the end of 5.5...
$ 150 weekly in saving account at 4.00% interest compounded saving any money. a.how much will you have at the end of 5.5 years? b. 250 monthly for the next 5 years discount 4%. what is the cost today? c.15 % every year compounded quaterly, effective annual. what is the rate you are going to pay.
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
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...
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the ac...
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the account earns 5% interest compounded monthly. 2. You currently have $7,700 (Present Value) in an account that has an interest rate of 3% per year compounded quarterly (4 times per year). You want to withdraw all your money when it reaches $18,480 (Future Value). In how many years will you be able to withdraw all...
4) (10 points) You just invested $10,000 in a fund for 5 years. How much money...
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?
Problem 1- Saving Money You want to deposit money into a bank account that pays 1.5%...
Problem 1- Saving Money You want to deposit money into a bank account that pays 1.5% compounded monthly. Answer the following questions: f depositing $4000, how much is avaiable in the account at the end of S years? .How much do you have to deposit now in order to have $5000 available at the end of 5 years? Instead of depositing one sum of money at the beginning of the 5-year period, suppose you wish to make monthly payments. How...
A company deposits $2,000 in a bank account every six months for 10 years. The account...
A company deposits $2,000 in a bank account every six months for 10 years. The account earns 6% interest compounded annually. How much money will be in the account at the end of 10 years?
Question 1 Each year, you invest 100 in a saving account that earn 10%/year. How much will you have at the end of 20 years? Question 2 Today you deposit 1500 in a savings account that earns 5%/year. How much will you have after 20 years? Question 3 What is the present value of 20000 to be received 20 years from today if interest rate is 5.5%/year
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...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
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...
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?
Problem 1- Saving Money You want to deposit money into a bank account that pays 1.5% compounded monthly. Answer the following questions: f depositing $4000, how much is avaiable in the account at the end of S years? .How much do you have to deposit now in order to have $5000 available at the end of 5 years? Instead of depositing one sum of money at the beginning of the 5-year period, suppose you wish to make monthly payments. How...
A company deposits $2,000 in a bank account every six months for 10 years. The account earns 6% interest compounded annually. How much money will be in the account at the end of 10 years?
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