What amount of money will accumulate to $1275.75 in 280 days at 5.4%?
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compound interest 11. What rate of interest makes deposit of $2000 cam $22 in 91 days? 12. If 45 is earned at 2.5% on a deposit of $4500, how many days are required? 13. What amount of money will accumulate to $545.00 in 95 days at 4.6%? 14. Debt payments of $1200 in five months and $1600 in ten months are scheduled to be due. If interest at 6.5% is to be allowed, what single payment today is required to...
Leslie Mosallam, who recently sold her Porsche, placed $8,400 in a savings account paying annual compound interest of 7 percent.a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 2, 6, and 16 year(s).b. Suppose Leslie moves her money into an account that pays 9 percent or one that pays 11 percent. Rework part (a) using 9 percent and 11 percent. c. What conclusions can you draw about the relationship between interest...
ASSIGNMENT 2 QUESTIONS b) to $2000.00? 9. Sarah deposited $4500 into a savings account on July 17, 2018 that earned simple interest of 2.25%. How much interest was earned and paid into her account on December 1, 2018? 10. Find the size of the deposit that must be made to earn $65 in 150 days at 2.50%. 11. What rate of interest makes deposit of $2000 earn $22 in 91 days? 12. If 45 is earned at 2.5% on a...
How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $12,000 in three years? The amount of money that should be deposited is $
Greg invested a sum of money at 9.5% APR, compounded monthly. He let the sum accumulate interest for 25 years and now has $31,952.82. What was Greg's initial amount that he invested?
4. Sally invested a sum of money at 10% interest, compounded monthly. She let the sum accumulate interest for 12 years and now has $15,000. What was Sally's initial amount that she invested?
In order to accumulate enough money for a down payment on a house, a couple deposits $624 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 3 years? What is the amount in the account after 3 years? $ (Round to the nearest cent as needed.)
4, Sally invested a sum of money at 10% interest, compounded monthly. She let the sum accumulate interest for 12 years and now has $15,000. What was Sally's initial amount that she invested? I/Y PV PMT FV
del 5629 per month into an account paying In order to accumulate enough money for a down payment on a house, a couple deposits $629 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 6 years? What is the amount in the account after 6 years? in 6 years $07 Round to the nearest cent as needed.)
unuldu Assignment Save Score: 0 of 4 pts P5-2 (similar to) 2 of 12 (1 complete) HW Score: 8%, 4 of 50 pts Question Help (Related to Checkpoint 5.2) (Future value) Leslie Mosallam, who recently sold her Porsche, placed $10.400 in a savings account paying annual compound interest of 4 percent. a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 37 and 17 year(s) b. Suppose Leslie moves her money into...