Determine the amount of money Danielle will have if she deposits 2434 dollars every 3 months...
Determine the amount of money Danielle will have if she deposits 2434 dollars every 3 months for 14 years if interest is 8% p.a.
Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
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Determine the amount of money Danielle will have if she deposits 2434 dollars every 3 months...
How much money does Matthew have to repay each period if he borrows $248746 for 14...
How much money does Matthew have to repay each period if he borrows $248746 for 14 years at 11% p.a. in interest compounded every 6 months Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
Calculate the Present Value of an amount if the accumulated sum is $8420 the number of...
Calculate the Present Value of an amount if the accumulated sum is $8420 the number of periods is 9 at an annual compound interest rate of 2%. Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
Kreskin deposits $12,071 every six months, increasing the amount deposited by 2.5% with each subsequent deposit....
Kreskin deposits $12,071 every six months, increasing the amount deposited by 2.5% with each subsequent deposit. The account pays a nominal annual interest rate of 5%, compounded biannually (twice a year). How much will Kreskin have in the account at the end of 23 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (",") or a decimal point ("")
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...
1. Deposits of $1200.00 are being made at the beginning of every 3 months for 10...
1. Deposits of $1200.00 are being made at the beginning of
every 3 months for 10 years. At the end of the 10 year term the
accumulated amount is left in the fund for a further 5 years (the
deposits have stopped). What is the maturity value at the end of
the 15 year term if the interest rate for the full period is 5.25%
compounded semiannually?
2. Find the monthly payments for a mortgage of $200,000 that
is to...
Steve has decided to save 21831 dollars at the end of every year from now on...
Steve has decided to save 21831 dollars at the end of every year from now on (no deposit today). If he keeps doing this over the next 23 years and deposits those dollars in a savings account that yields 3% per year, what will be the maximum dollar amount that Steve will be able to withdraw at the end of those 23 years? (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
Deposits of $96.00 are made at the end of every six months for 9.5 years. What...
Deposits of $96.00 are made at the end of every six months for 9.5 years. What will the deposits amount to if interest is 9% compounded semi-annually? The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Victoria plans to make deposits of $520 at the end of every three months into a...
Victoria plans to make deposits of $520 at the end of every three months into a savings account in the hopes of saving up for a used car. If the account earns interest at a rate of 5% compounded quarterly, how much money will she have after 5 years?
How much will Tamara have in 10 years from now if she deposits the $9,868 that...
How much will Tamara have in 10 years from now if she deposits the $9,868 that her grandfather gave her at 2.1 % interest rate, compounded annually? Round your answer to 2 decimal places and do not enter any symbols such as S, % or commas. Match the correct terms for the given definitions below. A sum received today is worth more than that same sum received some time in the future. A. Compound interest B. Simple interest C. Time...
Kreskin deposits $8,039 every six months, increasing the amount deposited by 2.5% with each subsequent deposit....
Kreskin deposits $8,039 every six months, increasing the amount deposited by 2.5% with each subsequent deposit. The account pays a nominal annual interest rate of 5%, compounded biannually (twice a year). How much will Kreskin have in the account at the end of 21 years?
Kreskin deposits $12,071 every six months, increasing the amount deposited by 2.5% with each subsequent deposit. The account pays a nominal annual interest rate of 5%, compounded biannually (twice a year). How much will Kreskin have in the account at the end of 23 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (",") or a decimal point ("")
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...
1. Deposits of $1200.00 are being made at the beginning of
every 3 months for 10 years. At the end of the 10 year term the
accumulated amount is left in the fund for a further 5 years (the
deposits have stopped). What is the maturity value at the end of
the 15 year term if the interest rate for the full period is 5.25%
compounded semiannually?
2. Find the monthly payments for a mortgage of $200,000 that
is to...
Deposits of $96.00 are made at the end of every six months for 9.5 years. What will the deposits amount to if interest is 9% compounded semi-annually? The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
How much will Tamara have in 10 years from now if she deposits the $9,868 that her grandfather gave her at 2.1 % interest rate, compounded annually? Round your answer to 2 decimal places and do not enter any symbols such as S, % or commas. Match the correct terms for the given definitions below. A sum received today is worth more than that same sum received some time in the future. A. Compound interest B. Simple interest C. Time...
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