If the sum of P15,000 is deposited in an account earning interest at the rate of 9% compound quarterly, what will it become at the end of 8 years?
If the sum of P15,000 is deposited in an account earning interest at the rate of...
How much will $1 million deposited in an investment account earning a compound quarterly rate of 6% be worth at the end of ten years?
How much will be accumulated in a fund, earning 2% interest, if $4,000 is deposited at the end of each year of 4 years? At what growth rate (annual interest rate), it would take a sum to quadruple in 10 years?
if $2000 is deposited into an account earning 8% interest compounded continuously, what is the value of the account after 5 years?
1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest rate of 5%, compounded monthly, for 18 months. 2, How much money should be invested in an account that earns 6% annual interest, com- pounded monthly, in order to have $15, 000 in 5 years? 3. How much interest is earned on a $2000 deposit for 2 years at a 0.12% monthly interest rate. compounded daily?
6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value: 16,383.44 16,625.25 16,935.25 17,028.60 7. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the interest factor: a. 2.4236 b. 2.1845 c. 2.0325 d. 1.9275 9. 7,500.00 deposited in an account earning 10.26% for 8 years, compounded weekly. Calculate the future value a. 16,383.44 b. 16,625.25 c. 16,935.25 d. 17,028.60
Suppose $10,000 is deposited into a savings account earning 2% interest compounded quarterly. Find the balance in the account 5 years, rounded to the nearest cent. Use one of the formulas below to solve the problem. Future Value: Present Value: A = P (143) P = (1+ht $14,859.47 $51 097.53
$7,500.00 deposited in an account earning 9.35%, compounded monthly for 8 years. Calculate the FV interest factor a. 0.9870 b. 1.3507 c. 2.0509 d. 2.1067
An investor opened a saving account with $K earning simple interest rate at a rate of 2.5% annually. Four years later, the investor closed the account and invested the accumulated amount in a saving account earning 5% compound interest. Determine the number of years necessary for the balance to reach $3K.
1) If $4000 is deposited in a savings account that earns interest at an annual rate of 2.5% interest compounded continuously, what is the value of the account at the end of two years? 2) A trust fund for a 11-year-old child is being set up by a single payment so that at age 21 the child will receive $37,000. Find how much the payment is if an interest rate of 9% compounded semiannually is assumed. 3) A bank account...
What is the future value of $10,000 deposited for five years earning 5% interest rate annually