Question 14 1.81 pts Deposits of $13 are made to an account each year for 31...
Question 9 1.81 pts How will you enter 10% in a computational formula lot in financial calculator Question 10 1.81 pts what is the future value of $12 deposited today in 5 years when earning 6% simple rate of interest? Question 11 1.81 pts In how, many years will $15O become S300 if k-02% simple interest per year? Question 12 1.81 pts At what rate of interest will an amount triple in 50 years? Enter your answer as decimals, not...
1.)You make a deposit of $46 each year for 40 years in an account that earns a simple interest rate of 6% per year. If you make the first deposit today, the future value of the deposits in 90 years will be:$___________ 2.)How will you enter 10% in a computational formula (not in a financial calculator)? 3.)At what rate of interest will an amount triple in 50 years? Enter your answer as decimals, not percentages (e.g., enter 0.01 instead 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...
Your parents opened a savings account for you where they plan to make monthly deposits of $200 for the next 10 years, starting with a $200 deposit they made today. Assume the account earns 0.5% interest per month. What will be the value of the account in 10 years?
Question (3) Mary made five annual deposits of $6,000 in a savings account that pays interest at a rate of 6% per year. One year after making the last deposit, the interest rate changed to 10% per year. Five years after the last deposit, how much accumulated money can she withdraw from the account?
6,7 pls 6. A person deposits $1,000 in an account each year for five years beginning at the end of year 1). At the end of the fifth year (immediately after the deposit), one half of the account balance is withdrawn. $2,000 is deposited annually for five more years (starting at the end of year 6), and the total balance is withdrawn at the end of the 15th year. There are no additional deposits made in years 11 - 15....
Monthly deposits of $62.50 are made into a savings account for three consecutive years. One year later $2550 is withdrawn from the account, leaving the account empty. Draw the cash flow diagram from the bank 's perspective assuming interest is paid once per year 3. You open a savings account on January 1 with $150 deposit (call this Time 0). The account pays interest at the end of every month. Over the rest of the year, you make the following...
Derek will deposit $2,297.00 per year for 16.00 years into an account that earns 15.00%. The first deposit is made today. How much will be in the account 16.0 years from today? Note that he makes 16.0 total deposits. Derek will deposit $1,588.00 per year into an account starting today and ending in year 15.00. The account that earns 15.00%. How much will be in the account 15.0 years from today? Derek will deposit $6,609.00 per year for 26.00 years...
Question 1 2 pts hat is the present value of $100 ten years from now if the simple rate of interest is0.01? Round your final answer to two decimal places. Question 2 2 pts A deposit of $17 is made at the beginning of each year for 15 years, what is the future value of all deposits if simple rate of interest is 0.01? Round your final answer to two decimal places. Question 3 2 pts In how many years...
Question 1 2 pts What is the present value of $100 ten years from now if the simple rate of interest is0.25? Round your final answer to two decimal places. Question 2 2 pts A deposit of $11 is made at the beginning of each year for 17 years, what is the future value of all deposits if simple rate of interest is 0.11? Round your final answer to two decimal places. Question 3 2 pts In how many years...