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PLEASE SHOW ALL WORK PLEASE SHOW ALL WORK PLEASE SHOW ALL WORK PLEASE SHOW ALL WORK 4) At the end of each month, for 24 months, $300 s put into an account paying 6% annual interest compounded continu...
please, i need help with the answer thank you 6.3(3) At the end of each month, for 36 months, $500 is put into an a...
please, i need help with the answer thank you
6.3(3)
At the end of each month, for 36 months, $500 is put into an account paying 9 % annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent.
6. If $40,000 is put in a savings account paying interest of4% compounded annually, what amount...
6. If $40,000 is put in a savings account paying interest of4% compounded annually, what amount will be in the account at the end of 5 years? A) $48,666 B) $32,878 C) $48,000 D) $48,620 7. Suzy Douglas has been offered the opportunity of investing $73,540 now. The investment will earn 8% How many years must Suzy wait to receive the $200,000? A) 13 B) 10 C) 11 D) 12 per year and at the end of its life will...
1) You plan to deposit $1,000 every month into an account paying 6% compounded monthly for...
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...
Question 4 Ali has decided to invest $100 in a savings account paying 6% interest compounded...
Question 4 Ali has decided to invest $100 in a savings account paying 6% interest compounded semiannually. Find the future value if he leaves his money in the account for 2 years?
You deposit $300 each month into an account earning 4% interest compounded monthly. a) How much...
You deposit $300 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 30 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $
Assume that you deposit $10,000 today into an account paying 6% annual interest and leave it...
Assume that you deposit $10,000 today into an account paying 6% annual interest and leave it on deposit for exactly 8 years. a. How much will be in the account at the end of 8 years in interest is compounded: 1. annually? 2. semiannually? 3. monthly? 4. continuously? b. Calculate the effective annual rate (EAR) for a (1) through a (4) above. c. Based on your findings in parts a and b, what is the general...
Jean receives annuity payments at the end of every six months. If she deposits these payments...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
Assume that you open a savings account that accrues 3% nominal annual interest that is compounded...
Assume that you open a savings account that accrues 3% nominal annual interest that is compounded monthly. Initially, your account has no funds in it. Starting next month, you add $100 / month for 6 months. Then, starting in the 7th month, you increase your monthly deposit by $25 each month from the month before for the following 18 months (i.e. month 7 deposit = $125). At the end of the second year, what will be the present worth of...
You agree to deposit $500 at the beginning of each month into a bank account for...
You agree to deposit $500 at the beginning of each month into a
bank account for the next 24 months. At the end of the 24th month,
you will have $13,000 in your account. If the bank compounds
interest monthly, what annual interest rate will you have
earned?
Note: Please post the formula used to solve the question and
list the steps taken to reach the answer, please don't use excel. I
provided a list of formulas, please state the...
please, i need help with the answer thank you
6.3(3)
At the end of each month, for 36 months, $500 is put into an account paying 9 % annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent.
6. If $40,000 is put in a savings account paying interest of4% compounded annually, what amount will be in the account at the end of 5 years? A) $48,666 B) $32,878 C) $48,000 D) $48,620 7. Suzy Douglas has been offered the opportunity of investing $73,540 now. The investment will earn 8% How many years must Suzy wait to receive the $200,000? A) 13 B) 10 C) 11 D) 12 per year and at the end of its life will...
Question 4 Ali has decided to invest $100 in a savings account paying 6% interest compounded semiannually. Find the future value if he leaves his money in the account for 2 years?
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
You agree to deposit $500 at the beginning of each month into a
bank account for the next 24 months. At the end of the 24th month,
you will have $13,000 in your account. If the bank compounds
interest monthly, what annual interest rate will you have
earned?
Note: Please post the formula used to solve the question and
list the steps taken to reach the answer, please don't use excel. I
provided a list of formulas, please state the...
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