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12. Jeff deposits 11 into an account on day 5, 12 on day 10, 13 on...
*****Need a second opinion on this question. Have conflicting responses.***** 12. Jeff deposits 11 into an...
*****Need a second opinion on this question. Have conflicting
responses.*****
12. Jeff deposits 11 into an account on day 5, 12 on day 10, 13 on day 15 and so on. The account gains interest via an annual interest rate of 3.65% compounded daily. Find the future value of the account on day 600, immediately after the deposit of 130 is made Round your answer to the nearest whole number. Note: There are 365 days in a year. Answer
12....
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited...
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited...
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
please show the work Susan made 5 uniform annual deposits of $5000 in a savings account...
please show the work
Susan made 5 uniform annual deposits of $5000 in a savings account that earned an interest rate of 15% per year. Her last deposit was made 3 years ago. What is the future value of her savings 15 years from now, if she leaves the account untouched? Round your answer to the nearest whole number. Do not use commas in your answer. $
Starting on October 1, 2003, annual deposits of $155 are made into an account paying interest...
Starting on October 1, 2003, annual deposits of $155 are made into an account paying interest at a rate of 8.4% compounded monthly. How much is in the account immediately after the deposit on October 1, 2030? *do not round intermediate steps*
Your local bank is offering a new type of retirement savings account. An initial deposit is...
Your local bank is offering a new type of retirement savings account. An initial deposit is made to the account when it is opened. This money and any accumulated interest must be left in the account for 29 years. No additional deposits can be made. On the day the account is opened and on each annual anniversary of the initial deposit, the account balance is reviewed and the following terms apply: 1. If the account balance is less than or...
You are planning to make monthly deposits of $190 into a retirement account that pays 13...
You are planning to make monthly deposits of $190 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 16 years? How to do it in a financial calculator?
1.)Suppose an account earns a 13% simple rate of interest annually. a. The future value of...
1.)Suppose an account earns a 13% simple rate of interest annually. a. The future value of an annual deposit of $21 at the end of each year for four years will be b.The future value of an annual deposit of $21 at the beginning of each year for four years will be Round your final answer to two decimal places. 2.) If the simple rate of interest is 6%, the interest earned by $1 in 5 years is:$_________ 3.) What...
You are planning to make monthly deposits of $170 into a retirement account that pays 13...
You are planning to make monthly deposits of $170 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 29 years? $683,947.36 $618,809.51 $7,816,541.20 $527,510.09 $651,378.43
Question 14 1.81 pts Deposits of $13 are made to an account each year for 31...
Question 14 1.81 pts Deposits of $13 are made to an account each year for 31 years. If k29% (simple rate of interest) per year, how much will be in the account at the end of 50 years? Round your final answer to two decimal places. 1.81 pts Question 15 You make a deposit of $46 cach year for 40 years in an account that earns a simple interest rate of 6% per year. If you make the first deposit...
*****Need a second opinion on this question. Have conflicting
responses.*****
12. Jeff deposits 11 into an account on day 5, 12 on day 10, 13 on day 15 and so on. The account gains interest via an annual interest rate of 3.65% compounded daily. Find the future value of the account on day 600, immediately after the deposit of 130 is made Round your answer to the nearest whole number. Note: There are 365 days in a year. Answer
12....
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4.5% compounded quarterly for the first 10 years, and at a nominal annual interest rate of 6% compounded semiannually thereafter. The accumulated balance in the fund at the end of 30 years is 400. Calculate X. Give your answer rounded to the nearest whole number. Answer:
please show the work
Susan made 5 uniform annual deposits of $5000 in a savings account that earned an interest rate of 15% per year. Her last deposit was made 3 years ago. What is the future value of her savings 15 years from now, if she leaves the account untouched? Round your answer to the nearest whole number. Do not use commas in your answer. $
Your local bank is offering a new type of retirement savings account. An initial deposit is made to the account when it is opened. This money and any accumulated interest must be left in the account for 29 years. No additional deposits can be made. On the day the account is opened and on each annual anniversary of the initial deposit, the account balance is reviewed and the following terms apply: 1. If the account balance is less than or...
Question 14 1.81 pts Deposits of $13 are made to an account each year for 31 years. If k29% (simple rate of interest) per year, how much will be in the account at the end of 50 years? Round your final answer to two decimal places. 1.81 pts Question 15 You make a deposit of $46 cach year for 40 years in an account that earns a simple interest rate of 6% per year. If you make the first deposit...
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