At the end of 2007 a student has $200 in a bank savings deposit that is earning an interest rate of 5 percent a year. If the student leaves the savings account untouched, when will his deposit have grown to $400? If the student leaves the savings account untouched, his deposit will have grown to $400 O A. by 2021 B. after 28 years O C. by 2035 O D. after 7 years

At the end of 2007 a student has $200 in a bank savings deposit that is earning an interest rate of 5 percent a year. If the student leaves the savings account untouched, when will his deposit have grown to $400? If the student leaves the savings account untouched, his deposit will have grown to $400 O A. by 2021 B. after 28 years O C. by 2035 O D. after 7 years

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppore you $15,000 as feu cach year. The college lasts for 2 years. After 2 years, you get a jol that giver you S60,000. Il you do not ga to college, then you carn $30,000 for 3 years, $45,000 for neet 3 S60,000 (on evey yas after that. Amume interest rate is 10 percent. Will you go to colge? have two option: go to college or start working. l you go to college, you have to pay years and
Please please sir answer both I know sir policy but i have no more questions left sir please
Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of the first year is $1,200. The deposit amounts increase by $300 in each of the next 4 years. How much would you have immediately after the 5th deposit? O s10,642.42 O $9,000.00 O $11,705.56 O $8,925.12
Question 1 A Collage student borrowed $5,000 on August 1 from the bank and must repay a total of $5,300 on July 31st of next year. Determine the interest amount. O a. $5,000 O b.$5,350 Oc. $ 350 O d.$ 300
A welder will deposit P500.00with a savings and loan association at the beginning of each 4 months for 10 years. If the association pays interest at the rate of 7% every 4 months, find the sum of his credit just after the last deposit. O a. P22,877.00 O b. P21,787.00 O c. P21,788.00 O d. P21,877.00
A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 12.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the second year? O a. $182,425 O b. $181,650 c. $293,242 d. $215,635 O e. $215,188
Peffers Inc. decided to set aside $10,000.00 at the beginning of each quarter for the next seven years. If this amount can yield a return rate of 12.35% compounded quarterly, what is the present value of this investment (round to the nearest cent)? O a. $768,579.17 O b. $782,139.10 O c. $326,222.99 O d. $331,978.50
If you want to withdraw $5000 in each year for the next 10 years when the interest rate is 40%, what is the approximate amount you need to invest now? O a. $11000 O b. $13000 O . $8500 O d. $16000
Question 19 Find the total amount in your account if you start with $850 at 11% interest for 2.5 years. O a. $1103.4 O b. $432 O c. $1210 O d. $5667
Economics In the following cash flows diagram, Determine the Future Worth at the end of year 12 if the interest rate is 6% ? $200 $200 $150 $150 $100 $100 1 2 3 4 Years O a. $1,532.6 O b. $1,286.8 Oc $1,364 O d. $1,4458 Clear my choice