Appa deposits $2500 in an account earning 4.9% interest compounded monthly. How much will Ap in the account in 1 year? Bash deposits $2500 in an account earning 4.9% interest compounded daily. How much will Bash ha account in 1 year? How much more does Bash make than Appa? (to the nearest cent)

Q: Assume you deposit $4,200 at the end of each year into an account paying 10 percent interest. a. How…

A: The fixed periodic regular payments/deposits made at each periodic interval are recognized as…

Q: Ali makes the same payment every two months to pay off his $61,600 loan. The loan has an interest…

A: Given: Present Value (Loan Amount )=$61600A=Amount paid every yeari=rate of interest i.e.…

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Future value = Present value ( 1 + rate of interest )Period Future value = Amount deposited * Future…

Q: You have just deposited $3,000 in an unusual bank account that pays interest biannually (ance every…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Alice Reed deposits $16,500 in Rye Bank, which pays 10% interest compounded semiannually.  What will…

A: In this we have to calculate the future value of the present value.

Q: You plan to deposit $4,000 today, $2,000 in one year and $4,000 in two years into an account earning…

A: Here, Deposit Amount  today (D0) is $4,000 Deposit Amount in One Year (D1) is $2,000 Deposit Amount…

Q: Jon plans to start a saving account. His plan is to deposit $59 each month into a money market…

A: The number of months it will take to accumulate $1000 can be calculated with the help of NPER…

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Compound = monthly = 12 Payment = p = $140 Interest rate = r = 6 / 12 = 0.5% Time = t = 15 months

Q: How much will you have in the account in 15 years? b) How much total money will you put into the…

A: Time value of money (TVM) is used to measure the value of money at different point of time in the…

Q: What is the value (in $) of Jorge's account after 16 months? (Round your answer to the nearest…

A: Information Provided: payment made = $150 Term = 16 months Interest rate = 6% compounded monthly

Q: You deposit $200 each year in an account for 15 years and then $400 each year in the same account…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Suppose Ted invests $ 6500 in an account that pays 5.8 % interest compounded continously what is the…

A: Normal interest rate (i) is the rate of return stated on a financial agreement that does not count…

Q: If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the…

A: Interest received = $36.44 Interest rate = 0.06 or 6% Number of days = 10 Amount deposit = ?   In…

Q: You make a one-time $3,088 deposit into an account which pays 2.8% compounded weekly. If you don't…

A: using excel fv function

Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…

A: Time value of money :— According to this concept, value of of money in present day is greater than…

Q: How much will be in Amber's bank account after 2 years if the account pays 8% compounded…

A: Time period = 2 years  Interest rate = 8% Compounded = semi-annually  Semi-annual deposits =$800

Q: Manuel has a $300,000 loan to be paid back with 5.329% interest over 30 years. What are Manuel's…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the…

A: To calculate the deposit amount we will use the below formula   Deposit amount = I/(r*d/365) Where I…

Q: Skippy wants to have $16,000.00 in 7 years. His bank is offering an account that earns 2% compounded…

A: Compound = Monthly = 12Future Value = fv = $16,000Time = t = 7 * 12 = 84Interest Rate = r = 2 / 12 %

Q: You make a $2500 deposit today in a savings account that pays 3.5% interest APY compounded monthly.…

A: Initial deposit = $2500 Interest rate = 3.5% compounded monthly Period = 10 years

Q: Blake Hamilton has money in a savings account that earns an annual interest rate of 3%, compounded…

A: APY stands for Annual Percentage Yield. It is a measure of the total amount of interest earned on a…

Q: If Greg borrows $140.00 from the bank at 6.5% exact simple interest, how much interest does Greg owe…

A: The simple interest can be computed using the principal amount, the time period, and the interest…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Future Value is that amount which includes the interest which is received by investing the amount at…

Q: Jason has a credit card with an APR of 29.5% and a current balance of $13,150.35. He wants to pay it…

A: APR = 29.5% Monthly interest rate (r) = 29.5%/12 = 2.45833333333333% Current balance (PV) = $…

Q: Alvin has $16000 in his saving account. For how long can he withdraw $1600 be from the account at…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Imelda opens a savings account with $12,000, which pays an annual interest rate of 7.8%. If she…

A: Future value of the amount that is invested and also amount of interest accumulated over the period…

Stock Market Indices

Stock indexes are used to compare the price fluctuations of a group of stocks of similar companies, which are combined based on a similar industry or a particular market capitalization limit or type of market. The price comparison is based on a pre-determined standard method or indicators. These stock indexes are usually considered a base for comparison of a particular stock, and the performance of that particular company can be easily determined.