How much does a depositor have to save at the beginning of every month for 30 years to accumulate $1,000,000 if interest is 6% compounded semi-annually?
A. $1,293.98
B. $1,117.27
C. $1,004.65
D. $1,065.38
E. $1,100.00
How much does a depositor have to save at the beginning of every month for 30...
How much more would you need to deposit at the end of every month to accumulate $289,500 over 22 years if the interest rate earned is 4.5% compounded annually instead of 4.5% compounded monthly?
How much more would you need to deposit at the end of every month to accumulate $288,500 over 20 years if the interest rate earned is 5.0% compounded annually instead of 5.0% compounded monthly?
How much more would you need to deposit at the end of every month to accumulate $288,500 over 20 years if the interest rate earned is 5.0% compounded annually instead of 5.0% compounded monthly?
how much more would you need to deposit at end of every month to accumulate $287500 over 18 years if the interest rate earned is 4.5% compounded annually instead of 4.5% compounded monthly?
FINANCIAL UNIT 1) Andre deposited $800 in an account at the end of every 6 month period for 7 years. The account paid 9% compounded semi-annually. a) How much money will be in the account on the date of the last deposit? (4 marks) b) How much interest will Andre have earned over the term? (1 mark)
A mortgage requires payments of $1,000.00 at the end of every month for 25 years. If interest is 6% compounded semi-annually, calculate the principal of the loan. Select one: O a. $300,000 b. $33,328.64 O c. $155,206.86 O d. $156,297.23 e. $46,188.41
How much will you have to save each month to have $6,000 in two years if the interest rate is 18% compounded monthly? $398.01 $209.54 $476.59 $299.54
1) You plan to deposit $1,000 every month into an account paying 6% compounded monthly for the next 5 years. How much will you accumulate over this five year period? 2) What is the future value interest factor of an annuity for #1? 3) If you plan to make annual payments instead of the monthly payments indicated in #1 above, how much will you have to deposit annually to have the same sum accumulated in five years as in #1...
Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 14.5%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $9,000 in the account in two years' time? A. $328 В. $460 С. $525 D. $263 A home buyer buys a house for $800,000. She pays 20% cash, and takes a fixed-rate mortgage for ten years...
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...