lamb company deposited $15000 annually for 6 years in an account paying 5% interest compounded anually...
lamb company deposited $15000 annually for 6 years in an account paying 5% interest compounded anually .what is the balance of the account at the end of the sixth year?
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lamb company deposited $15000 annually for 6 years in an account
paying 5% interest compounded anually...
Jose Reynolds deposited $10,000 in an account paying interest of 4% compounded annually. What amount will...
Jose Reynolds deposited $10,000 in an account paying interest of 4% compounded annually. What amount will be in the account at the end of 4 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Amount $
Bob deposited $409274 into an account paying 2% interest compounded annually with the goal of letting...
Bob deposited $409274 into an account paying 2% interest compounded annually with the goal of letting the money accrue interest until the end of year 34. Unfortunately, Bob had a small health crisis at the end of year 8 and had to use the money in the account for several years to help with expenses. Bob made an annual withdrawal of $30128 at the end of each year for 4 years. Bob's health improved and he was able to let...
Question 6 0.6 pts Chester deposited $420728 into an account paying 5% interest compounded annual...
Question 6 0.6 pts Chester deposited $420728 into an account paying 5% interest compounded annually with the goal of letting the money accrue interest until the end of year 32. Unfortunately, Chester had a small health crisis at the end of year 10 and had to use the money in the account for several years to help with expenses. Chester made an annual withdrawal of $41167 at the end of each year for 5 years. Chester's health improved and he...
How much interest is earned in 5 years on $8200 deposited in an account paying 6%...
How much interest is earned in 5 years on $8200 deposited in an account paying 6% interest, compounded semiannually?
What sum deposited today at 5% compounded annually for 8 years will provide the same amount...
What sum deposited today at 5% compounded annually for 8 years will provide the same amount as $2400 deposited at the end of each year for 8 years at 8% compounded annually? What sum would have to be deposited today at 5% interest compounded annually? (Round to the nearest cent.)
4) If a person deposits $2000 in to an account paying 6% compounded annually one year...
4) If a person deposits $2000 in to an account paying 6% compounded annually one year from now and then increases his deposits by 100$ each year for the next eight years, determine the amount of money that will be in the account at the end of eight years. 5) What is the equivalent present amount of a fifteen year period series of decreasing amounts if the interest rate is 12% compounded annually the first year amount is $35000 and...
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 15 O Mark this question Suppose an account pays 6% interest that is compounded annually....
Question 15 O Mark this question Suppose an account pays 6% interest that is compounded annually. At the beginning of each year, $2,000 is deposited into the account (starting with $2,000 for the first year) What is the value of the account after the tenth deposit if no withdrawals or additional deposits are made? 0 $21,200.00 O $26,361.59 O $23,581.70 O $35,816.95 Suppose $15,000 is deposited into an account paying 6.5% interest, which is compounded annually. How much money is...
You invest $8,000 in a savings account paying 5 perc ent interest a year, compounded annually....
You invest $8,000 in a savings account paying 5 perc ent interest a year, compounded annually. At the end of four years, your account will contain approximately (A) $9,624 $10,880 $10,208 © $10,208 (D $9,728
Twenty years ago, you deposited $5,000 into an account. You earned 12 percent, compounded annually. How...
Twenty years ago, you deposited $5,000 into an account. You earned 12 percent, compounded annually. How much money do you have in your account today? $25,167.14 $34,826.82 $48,231.47 $16,471.46 10 points QUESTION 4 Jesus deposits $3,000 into an account paying 4 percent interest, compounded annually. At the same time, Jorge deposits $3,000 into an account paying 2 percent interest, compounded annually. At the end of five years: Both Jesus and Jorge will have earned the same amount of interest....
Question 6 0.6 pts Chester deposited $420728 into an account paying 5% interest compounded annually with the goal of letting the money accrue interest until the end of year 32. Unfortunately, Chester had a small health crisis at the end of year 10 and had to use the money in the account for several years to help with expenses. Chester made an annual withdrawal of $41167 at the end of each year for 5 years. Chester's health improved and he...
What sum deposited today at 5% compounded annually for 8 years will provide the same amount as $2400 deposited at the end of each year for 8 years at 8% compounded annually? What sum would have to be deposited today at 5% interest compounded annually? (Round to the nearest cent.)
Question 15 O Mark this question Suppose an account pays 6% interest that is compounded annually. At the beginning of each year, $2,000 is deposited into the account (starting with $2,000 for the first year) What is the value of the account after the tenth deposit if no withdrawals or additional deposits are made? 0 $21,200.00 O $26,361.59 O $23,581.70 O $35,816.95 Suppose $15,000 is deposited into an account paying 6.5% interest, which is compounded annually. How much money is...
You invest $8,000 in a savings account paying 5 perc ent interest a year, compounded annually. At the end of four years, your account will contain approximately (A) $9,624 $10,880 $10,208 © $10,208 (D $9,728
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