2.33. You have decided to put $130 in a savings account at the end of each month. The savings account credits interest monthly, at the annual rate of 6%. How much money is in your account after 6 years?

Q: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…

Q: If you deposit money today in an account that pays 5% annual interest, how long will it take to…

A: Interest rate (r) = 5% Future value factor required (FVF) = 3 Period = n

Q: If you deposit OMR 8415 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Future value is the value of current asset or investment at a future date. Future value is…

Q: You want able to withdraw 15,000 each month for 15 years. your account earns 3 1/4% interest. a.…

A: Investments are the ways in which individuals and corporations park and save their money and funds…

Q: can you solve it with formulas? please make your text readable.

A: Answer  Deposit today = $100 Interest rate = 8% Time = 15 year

Q: You start a savings account with $1,500 and an interest rate of 6% compounded yearly. How much is in…

A: Future value of an investment account is the total value of all investments either in lumpsum amount…

Q: you for the next 6 years, with your first deposit one month from today. If your savings earn 12.05%…

A: As per the given information: Amount deposited every month = $650Period = 6 yearsInterest rate =…

Q: how much money will be in the account? How much of it is interest?

A: Annuity payments are the fixed periodic payments that an investor or depositor makes into an…

Q: How much would you need to deposit in an account right now in order to have $2,000 in the account in…

A: Amount = $2,000 = A Time period = 10 years = T  Interest rate = 2% = R Compounded monthly where it…

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Number of period is 4 (2 x 2).

Q: Suppose you put $200 into a bank account at the annual interest rate of 7%.  *Round your answer to…

A: In this we have to find the future value of given value.

Q: 4. You deposit $50 each month in an account that pays 4.2% compounded monthly. How much is in in…

A: Compounded monthly refers to the annual rate of interest where the interest accrues at the end of…

Q: Suppose you have decided to put $2000 in a savings account that credits interest at the annual rate…

A: Solution: An amount invested earns interest over it. So, we have, FV = PV (1+i)t where, FV = Future…

Q: If you deposit OMR 16830 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Amount of Deposit = OMR 16830 Interest Rate = 8%  Years =5 Interest Rate half yearly (r)=8%/2 =4%…

Q: 9) You deposit $200 each month for five years. How much will be in the account after the five years…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: You have $5,340.25 in your savings account today. Every two weeks (26 times a year) $200 will be…

A: A savings account is a deposit account that pays interest and is kept at a bank or other financial…

Q: How much do you have to invest today in a savings account that returns 6.5% interest, compunded…

A: Amount after 10 years = $25,300 Amount Invested =Let P Years =10 Interest Rate(r) =6.5% compounded…

Q: How much would you need to deposit in an account now in order to have $20,000 in the account in 4…

A: Interest rate = 5%No. of years = 4FV = 20000

Q: You deposit $400 each month into an account earning 3% interest compounded monthly. How much will…

A: The value of money changes with time. It is the concept that worth of a dollar received today is…

Q: Suppose you have decided to put $200 at the end of every month in a savings account that credits…

A: Future value of annuities includes the amount being deposited and amount of compounding interest…

Q: How much would you have if the account paid 4.25%?

A: We can determine the FV using the FV of annuity due formula as below:In the formula above PMT =…

Q: b. You have a $20,000 note payable which is due in three years. How much money must you put into a…

A: Solution d: N = 1 PV (Future value of at the end of 3 years) = $20,000 Interest rate (I) = 3%

Q: 27. You hope to accumulate an account balance of $20,000 in 4 years by making a single deposit…

A: We need to calculate the amount to be deposited today - present value (PV)Future Value (FV) =…

Q: you want to withdraw equal amount of $100 from your account each year for 3 years. To do so, how…

A: Present value is the equivalent value today of the the future value of money that is expected to be…

Q: If you want to have $22,327 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required today is calculated as the present value.

Q: You are planning to save to purchase a car in 23 years for $28,000. You have opened a bank account…

A: Annuity is a series of equal payments made for some particular period of time . When payment is made…

Q: 1. If you deposit OMR 32000 today in to a bank account that pays 4% interest compounded, how much…

A: 1. we need to calculate future value of OMR 32,000 after 5 years at 4% interest rate. so, future…

Q: If someone put $615 in the bank every month with an annually interest rate of 6% compounded monthly…

A: Given: PMT =$615Interest rate =6% annually i.e. 6%/12 monthlyNper =10 x12 months =120 months

Q: Suppose you have decided to put $500 at the beginning of every month in a savings account that…

A: Monthly deposit (m) = $500 Monthly interest rate (r) = 0.00416666666666667 (i.e. 0.05 / 12) Number…

Q: How much must you deposit in the bank today if you want to have $1,500 after 4 years?  Interest rate…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: If you deposit $13,.224 annually at the end of every year in a bank account paying 8% annually. how…

A: Annual deposit (D) = $13,224 Period (n) = 5 Years Interest rate (i) = 8% (or 0.08) Amount saved at…

Q: The state income rate on your account is 3.5 interest compounded monthly. If you deposit 100 each…

A: As the amount is being deposited the value of account increases with time due to the compounding of…

Q: Your savings account pays 6% annually. Assuming this interest rate remains constant, how much do you…

A: If the annual saving interest is 6%. let's say the amount invested is X So total amount after 4…

Q: Suppose you want to have $400,000 for retirement in 10 years. Your account earns 9% interest. Feel…

A: Compound = Monthly = 12Future Value = fv = $400,000Time = t = 10 * 12 = 120Interest Rate = r = 9 /…

Q: .  You invest some amount today for two years that pays 6% annually. The bank compounds annually. At…

A: Solution:- When some amount is invested somewhere, it earns interest on it. The amount invested…

Q: You will deposit $7500 in a savings account every year for 10 years. The account pays 6% interest.…

A: This problem can be solved in light of annuity and future value. The future value(FV) of an annuity…