Assume an individual is wanting to determine the interest of a monthly deposit $1000 if after 1 year based on monthly deposits, the account now has $12,336.42. Determine the interest if it given as continuous compounding. 5.75% 5% 6% 6.5%

Q: Find how much money needs to be deposited now into an account to obtain $5,200 (Future Value) in 5…

A:

Q: Retirement Ray contributes $1000 to an individualretirement account (IRA) semiannually. What will…

A: Individual retirement account

Q: Suppose you invest $3,100.00 in an account with an annual interest rate 12% compounded monthly (1%…

A: Annual interest rate = 12% That is, 1% each month.

Q: (x+4)² inx-2) 9 3 Express In in terms of In x, In (x+4) and In (x-2). 5, Select one: 2 1 9 In x -In…

A:

Q: A fund is to be created by investing P10,000 at the end of every month for 10 years. If money is…

A: An annuity is a type of investment where the person depositing the amount develops a sequence of…

Q: ASAP

A: Please refer to the image below

Q: encourage new members a bank offers a savings account of 2.4% interest mpounded monthly provided new…

A: We will determine the account value after 10 years.

Q: Find how much money needs to be deposited now into an account to obtain $3,900 in 6 years if the…

A:

Q: How much money will i have if I am going to deposit 1000$ every month starting now for 5 years if…

A:

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

A:

Q: Find the present value of $40,000 due in 3 years at the given rate of interest. (Use a 365-day year.…

A: Given that The Future value  FV=$ 40,000Interest rate r=4%=4100=0.04Compounded monthly  n=12Number…

Q: You open a brand-new savings account January 1, 2021. every paycheck you earn you deposit $25 into a…

A:

Q: 7. Find the future value of an annuity where $1000 is deposited at the end of each quarter for 6…

A: According to the problem, we have

Q: A down payment of $4500 is needed for a car. Money will be invested at 9.2%/a compounded bi-weekly…

A: Given the interest rate 9.2% and the time period is 3 years and the amount is $ 4500. Interest…

Q: Find the present value of $70,000 due in 6 years at the given rate of interest. (Use a 365-day year.…

A: Given: Future value=$70,000            Annual interest rate, r=6%=0.06            Number of years,…

Q: The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future…

A: Given: P=$700 r=8.25% t=3 months To find: The Future value A Interest   To find the interest I=P×R×T…

Q: 5. Andy plans to have a fixed amount from his paycheck directly deposited into an account that pays…

A: Present value = R× future value/ {1-(1+R) -n } Where, R= rate per month n= number of month

Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

A:

Q: Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your…

A:

Q: Manually calculate the compound interest on an investment of $13,500 at 8.5% interest, compounded…

A:

Q: Find the future value. $1417.32 invested for 6 years at 4% compounded monthly

A:

Q: Jason deposits $ 5000 into his savings account at the end of every 3 months for 4 years. For the…

A: Please see the attachment

Q: 2. Determine the regular monthly deposit required to accumulate $8 000 in 6 years at an interest…

A: Total amount accumulated Total time  yearsRate of interest compounded monthly

Q: Calculate the present value of $100 in 3 years. Assume 7.2% interest rate with continuous…

A:

Q: Find the future value and interest of $10,000 at 5.8% compounded continuously for eight years. A.…

A:

Q: 3. A bank's two year GIC pays 5% interest compounded monthly. Maureen buys $4000 worth of the GICs.…

A: Here we have to find what maureen would have in 2 years.

Q: Find how much money needs to be deposited now into an account to obtain $5,900 (Future Value) in 13…

A: The given future value  in  years and the interest rate is  per year compounded semi-annually.The…

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The amount $4000 deposit in an account with rate of interest 5.1%, compounded monthly for 7…

Q: What

A: