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44. A deposits X into a savings account at time 0 which...
Suppose a savings and loan pays a nominal rate of 3.2% on savings deposits. Find the...
Suppose a savings and loan pays a nominal rate of 3.2% on savings deposits. Find the effective annual yield if interest is compounded annually.
Suppose a savings and loan pays a nominal rate of 3.9% on savings deposits. Find the...
Suppose a savings and loan pays a nominal rate of 3.9% on savings deposits. Find the effective annual yield if interest is compounded quarterly.
You are making $500 monthly deposits into a savings account that pays interest at a nominal...
You are making $500 monthly deposits into a savings account that pays interest at a nominal rate of 6% per year, compounded monthly. What is the future equivalent value of this account after six years? The future equivalent value of this account after six years is $0 (Round to the nearest dollar.)
Suppose a savings and loan pays a nominal rate of 4.5% on savings deposits. Find the...
Suppose a savings and loan pays a nominal rate of 4.5% on savings deposits. Find the effective annual yield if interest is compounded 10,000 times per year. The effective annual yield is %. Type an integer or a decimal rounded to the nearest thousandth as needed.)
Please indicate all steps taken to solve this question clearly so it is easy to understand....
Please indicate all steps taken to solve this question clearly
so it is easy to understand. Thank you.
Problem #7: You deposit P dollars into an account that earns a nominal rate of compounded semiannually. At the same time, you deposit 1.8P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the same amount of interest in the last 6 months of year 7, what is i? Answer as a percentage,...
A deposit of X is made into a fund which pays an rate of 12 for...
A deposit of X is made into a fund which pays an rate of 12 for 8 years. At the same time, 2X is deposited into another fund which pays a continuous compounded rate (force of interest) of o for 8 years From the end of the 4th year until the end of the 8th year, both funds the same dollar amount of interest. Calculate d (A) 7.2% (B) 7.5% |(C) 7.8% (D) 8.1% (E) 8.4% annual effective discount earn...
1. Frank makes deposits into his savings account of $225 at the beginning of every three...
1. Frank makes deposits into his savings account of $225 at the beginning of every three months. Interest earned by the deposits is 3% compounded quarterly. (a) What will the balance in Frank's account be after eight years? (b) How much of the balance will Frank have contributed? (c) How much of the balance is interest? (a) The balance in Frank's account will be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What...
8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What is the effective annual interest rate? Determine the value of his account at the end of four years. The effective annual interest rate is %. (Round to two decimal places.) The value of this account at the end of four years is $ (Round to the nearest dollar.)
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
Calculate the savings you would have in the account at the end of 12 months if...
Calculate the savings you would have in the account at the end of 12 months if you made the following deposits. The banks pays 8% interest per year, compounded quarterly and it pays simple interest on any inter period deposits. End of Month 2 4 6 8 9 10 Deposits 250 75 65 105 95 95
You are making $500 monthly deposits into a savings account that pays interest at a nominal rate of 6% per year, compounded monthly. What is the future equivalent value of this account after six years? The future equivalent value of this account after six years is $0 (Round to the nearest dollar.)
Please indicate all steps taken to solve this question clearly
so it is easy to understand. Thank you.
Problem #7: You deposit P dollars into an account that earns a nominal rate of compounded semiannually. At the same time, you deposit 1.8P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the same amount of interest in the last 6 months of year 7, what is i? Answer as a percentage,...
A deposit of X is made into a fund which pays an rate of 12 for 8 years. At the same time, 2X is deposited into another fund which pays a continuous compounded rate (force of interest) of o for 8 years From the end of the 4th year until the end of the 8th year, both funds the same dollar amount of interest. Calculate d (A) 7.2% (B) 7.5% |(C) 7.8% (D) 8.1% (E) 8.4% annual effective discount earn...
1. Frank makes deposits into his savings account of $225 at the beginning of every three months. Interest earned by the deposits is 3% compounded quarterly. (a) What will the balance in Frank's account be after eight years? (b) How much of the balance will Frank have contributed? (c) How much of the balance is interest? (a) The balance in Frank's account will be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What is the effective annual interest rate? Determine the value of his account at the end of four years. The effective annual interest rate is %. (Round to two decimal places.) The value of this account at the end of four years is $ (Round to the nearest dollar.)
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
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