2) since 2007, a particular fund returned 13.5% compounded monthly. How much would a $6000 investment in this phone have been worth after two years? Round your answer to the nearest cent.
3.) In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding.. Find the accumulated amount of the annuity. Round your answer to the nearest cent. $5500 annually at 5% for 10 years.
in the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding. Period find the accumulated amount of the annuity. Round your answer to the nearest cent. $5500 annually at 5% for 10 years
4.) in the following ordinary annuity, The interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the required payment for the syncing phone. Round your answer to the nearest cent. Monthly deposit:s earning 6% to accumulate $2000 after 10 years.
5.) determine the payment to amortize The debt. Round your answer to the nearest cent. Quarterly payments on $18,500 at 3.5% for six years.
19. In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the accumulated amount of the annuity. (Round your answer to the nearest cent.) $2500 annually at 5% for 10 years.
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 8 years at 3% if the interest is compounded in the following ways. _________annually __________quarterly Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 25% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 2.1% per month.] ________% Since 2007, a particular fund returned 13.9% compounded monthly....
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $275 monthly at 5.6% to accumulate $25,000. _________yr 2- Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $18,000 at 3% for 15 years if...
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the required payment for the sinking fund. (Round your answer to the nearest cent.) Monthly deposits earning 4% to accumulate $9000 after 10 years.
16. You have just received $185,000 from the estate of a long-lost rich uncle. If you invest all your inheritance in a tax-free bond fund earning 6.8% compounded quarterly, how long do you have to wait to become a millionaire? (Round your answer to two decimal places.) 20.In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the accumulated amount of the annuity. (Round your...
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $275 monthly at 5.6% to accumulate $25,000. _________yr 2- Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $18,000 at 3% for 15 years if...
1.In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed in years for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $4500 yearly at 7% to accumulate $100,000. 2.In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period....
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $5500 yearly at 8% to accumulate $100,000.
in the following ordinary annuity, the interest is compounded with each payment and the payment is made at the end of the compounding period. Find the accumulated amount of the amount of annuity. $1000 monthly at 4.2% for 20 years
You have just won $130,000 from a lottery. If you invest all this amount in a tax-free money market fund earning 6% compounded weekly, how long do you have to wait to become a millionaire? (Round your answer to two decimal places.) _____yr In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the required payment for the sinking fund. (Round your answer to the...