if Margaret deposited $525 into an account that earns an annual interest rate of 6.24% compounded...
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Margaret deposited $525 into an account that earns an annual
interest rate of 6.24% compounded...
1) If $4000 is deposited in a savings account that earns interest at an annual rate...
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...
If $10,000 is invested in a money market account that earns an annual rate of interest...
If $10,000 is invested in a money market account that earns an annual rate of interest of r, and interest is compounded weekly, then after 10 years the future value ( FV ) of the initial investment is given by the formula FV = 10,000[1+ r/ 52 ] ^ 520. (a) How does the future value change with the annual rate of interest? (b) Derive the elasticity of the future value with respect to the annual rate of interest? (c)...
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...
wh. 5.2. 3-61 Suppose that $2,000 is deposited in an account that earns 6% interest, compounded...
wh. 5.2. 3-61 Suppose that $2,000 is deposited in an account that earns 6% interest, compounded annually. How much is in the account (a) after 5 years? (b) after 10 years? (c) after 20 years? (d) after 50 years? (e) after 100 years? 3-65 The Ma Ma cor bu
If $2000 is invested in an account that is compounded quarterly with an annual interest rate...
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest...
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?
Suppose that $3659 is deposited in a savings account which earns 6.5% simple interest. -What is...
Suppose that $3659 is deposited in a savings account which earns 6.5% simple interest. -What is the amount due after 5 years? -What is the amount due after 2 years if the interest is compounded? -What is the equivalent six month interest rate?
$5,000 is deposited today into a bank account. The account earns 3.2% per annum compounded half...
$5,000 is deposited today into a bank account. The account earns 3.2% per annum compounded half yearly for the first 7 years, then 8.2% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, (d) Calculate the account balance 10 years from today. A loan of $100,000 is made today. The borrower will make equal repayments of $3800.75 per month with the first payment being exactly one month from today. The interest being charged on this loan...
Suppose you've just deposited $4,000 in a bank account which earns an annual rate of return...
Suppose you've just deposited $4,000 in a bank account which earns an annual rate of return of 7%. How much will you have in the bank account after 6 years? (Work it out on a piece of paper before entering the answer.) (Round up your answer to two decimal point)
How much would need to be deposited in a bank account now that earns 6% annual...
How much would need to be deposited in a bank account now that earns 6% annual interest if you want to withdraw the annual payment series shown in the figure at right? Si son $1.250 $1.00 $123
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...
wh. 5.2. 3-61 Suppose that $2,000 is deposited in an account that earns 6% interest, compounded annually. How much is in the account (a) after 5 years? (b) after 10 years? (c) after 20 years? (d) after 50 years? (e) after 100 years? 3-65 The Ma Ma cor bu
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
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?
Suppose you've just deposited $4,000 in a bank account which earns an annual rate of return of 7%. How much will you have in the bank account after 6 years? (Work it out on a piece of paper before entering the answer.) (Round up your answer to two decimal point)
How much would need to be deposited in a bank account now that earns 6% annual interest if you want to withdraw the annual payment series shown in the figure at right? Si son $1.250 $1.00 $123
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