What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest, compounded annually?
You invested $8,500 at the end of each half-year for 7 years in an investment fund. At the end of year 7, if the balance in the fund was $137,000, what was the nominal interest rate compounded semi-annually?
You invested $8,500 at the end of each quarter for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $224,000, what was the nominal interest rate compounded quarterly? Round to two decimal places
Raj deposits 50 into a fund at the end of each month for 5 years. The fund pays interest at an annual effective rate of i. The total amount of interest earned during the last month of year 5 is 13. Calculate the accumulated amount in Raj's account at the end of year 5 A) 3325 B) 3350 C) 3375 D) 3400 E) 3425
William deposited $7,000 into a fund at the end of every quarter for 9 years. He then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at a rate of 5.00% compounded monthly a. What was the accumulated value of the fund at the end of 9 years? $0.00 Round to the nearest cent b. What was the additional accumulated value of the fund in the last 4 years?
Rick deposited $3,050 into an account 9 years ago for an emergency fund. Today, that account is worth $3,950. What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?
Use your TVM Solver to determine the future balance in a mutual fund account (a type of investment account) if you make weekly payments of $50 into an account that pays 2.0% interest compounded monthly. You open the account with $500 and pay into the account for 15 years.
Rick deposited $3,000 into an account 12 years ago for an emergency fund. Today, that account is worth $4,460. What annual rate of return did Rick earn on this account assuming no other deposits and no withdrawals?
In 4 years, you will start receiving monthly payments of $950 from a trust fund that one of your great parents set up for you. The first payment will be made at the very end of year 4 and the payments will last for 27 years. You plan to deposit the money you receive every month into a special account right away that pays 6.10% APR with quarterly compounding. Today the account mentioned above has a balance of $20000. Assuming...
How much interest is earned in an account by the end of 5 years if $30,000 is deposited and interest is 4% per year, compounded semi-annually? What is the balance in an account at the end of 10 years if $6,500 is deposited today and the account earns 3% interest compounded annually? If you wish to accumulate $50,000 in 10 years, how much must you deposit today in an account that pays annual interest rate of 8%, with semi-annual compounding...