At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8% compounded annually.  How much is in the account today?  How much would be in the account if the deposits were made at the beginning of each year (PMT Type) than at the end of each year?  (Use Future Value of an Annuity

Q: Juan deposits $5,000 into a savings account that pays 7.2% per year, continuously compounded. What…

A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: Louis is saving for his retirement by making annual end of year deposits for 30 years into a bank…

A: Future value of Annuity: It is  the total value of annuity payments  accumulated at a specific  time…

Q: Joe and Angela deposited $4800 in a saving account that pays 6% interest compounded annually. This…

A: Compounded Interest is the type of interest that is calculated only on the cumulative amount.…

Q: Jason makes six EOY deposits of $2,000 each in a savings account paying 5% compounded annually. If…

A: The compound interest is calculated on the principal amount annually. It considers the present value…

Q: Hannah places $ 6500 into an account earning 7.75% interest compounded continuously, how much will…

A: Future Value = Present Value * e^rt Where, r =continuously compounded rate of interest i.e. 7.75% t…

Q: Find the future value of each using the future value of an ordinary annuity formula.  Priscilla…

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

Q: Shayla deposited $4,000 into an account earning 5% interest per year, compounded every 6 months.…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: Kelly Malone plans to have $53 withheld from her monthly paycheck and deposited in a savings account…

A:

Q: Karen deposits 700 each month into an annuity that pays 12% annual interest at the end of each year.…

A: solution given Deposits each month (p) 700 Rate of interest (r) 12% Time period…

Q: Sonya is making a savings plan: every year she will deposit $1,650 in an account that earns 4.5%,…

A: Given, yearly payment is $1650 Interest rate is 4.5%

Q: 2) If Bob deposits $5000 at the end of each year for 14 years in an account paying 6% inter…

A: C=$5000i=0.06n=14

Q: Joseph purchased an annuity that had an interest rate of 2.75% compounded semi-annually. It provided…

A: The purchase price of an annuity corresponds to current worth of annuity payments that make investor…

Q: A man deposits her annual bonus into a savings account that pays 8% interest compoundedannually. The…

A: In this question we need to calculate the amount in the saving account immediately after the fifth…

Q: An accountant is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A: The present value means the present value of the payment of the future. It generally tells us what…

Q: nifer deposited $54,000 at Bank of America at 20% interest compounded quarterly. a) What is the…

A: In this we need to find out the effective annual rate.

Q: Christine invested her savings in a bank at 4.00% compounded quarterly. How much money did she…

A: See belowExplanation:

Q: my Jolly deposited $2 000 in a savings account.  The annual rate is 10 per cent   compounded…

A: The future value of money includes the money deposited and interest accumulated over the period of…

Q: At the beginning of each period for 11 years, Merl Agnes invests $410 semiannually at 4%. What is…

A: The future value of annuity due is the total value of a series of payment made at the beginning of…

Q: Twice a year for 6 years, Wendy Cortez invested $800 compounded semiannually at 12% interest. What…

A: Annuity due is the annuity payments or receipts at the start of the period. The value is computed as…

Q: What is the interest on interest if interest is compounded

A: Calculate the compound interest amount as follows:- Total amount after 3 years =P x (1+R/100)n…

Q: At the beginning of each period for 11 years, Bobby Nelson invests $470 semiannually at 4%,…

A: It can be calculated using FV function in excel. FV (rate, nper, pmt, [Pv], [type]) Rate The…

Q: emi-annually. It provided him with payments of $2,000 at the end of every month for 3 ears. If the…

A: Value that is paid for the periodic payment is present value of monthly payment that are based on…

Q: Ryan invests a sum of money in a retirement account with an annual interest rate of 7% compounded…

A: Annual interest rate is 7% Time period is 10 years Future value is 11,008.79   To Find: Initial…

Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: Kelly Malone plans to have $58 withheld from her monthly paycheck and deposited in a savings account…

A: Given Periodic Cash flow = $ 53 Table values are based on  n = 18 periods   (1.5 yrs *12) i= 1% (12%…

Q: CFJ deposited P175,000 every 6 months for 5 years with an interest of 12% compounded semi-annually.…

A: The future value can be calculated using the FV Function in excel. FV = (RATE, NPER, PMT, PV, TYPE)…

Q: ria deposits $1,000 in her account at a rate of 3% per year as interest for 2 years. what is the…

A: Future value of amount is the amount that is being deposited and amount of interest accumulated over…

Q: Anna places $384 each quarter into an account that earns. If the account earns 1.41% interest…

A: Given data; Quarterly payment = $384 interest rate = 1.41% number of years = 7 Compounding frequency…

Q: To attend school, Aisha deposits 5800 at the end of every quarter for five and one-half years. What…

A: An annuity refers to a series of payments made in exchange for a lump sum payment. It is used by the…

Q: John contributes $5,000 per month into an account. How much will he have in the account after 25…

A: In the given question we require to calculate the future value of account after 25 years is john…

Q: Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the…

A: Annuity = a = $1300 Time = t = 26 years Interest rate = r = 8%

Q: Three years ago, ZYX deposited $2,590 in an account that has earned and will earn 8.60 percent per…

A: P = Initial deposit = $2,590 r = Annual interest rate = 8.60% = 0.086 n = Number of years = 6 The…

Q: fank made payments of $161 per month at the end of each month for 30 years to purchase a piece of…

A: Yield to maturity can be calculated by following function in excel=RATE (nper, pmt, pv, [fv],…

Q: Minu deposits $950 at the end of each quarter for 6 years in an account that earns 1.8% per year…

A: As the number of compounding period increase than the effective interest rate increases and more…

Q: Sally Winston is contributing $3200 each year to a Roth IRA. The IRA earns 3.8% per year. How much…

A: In the above question, yearly payments of $3,200 each are made at the beginning of the period into…

Q: Mr. Peabody drove to his bank and deposited $500 at the end of every three months for 15.6 years.…

A: Interest rate = 4.95% compounded semi annuallyThe effective annual rate is The quarterly interest…

Q: Erica purchased an annuity that had an interest rate of 3.75% compounded semi- annually. It provided…

A: Present value (PV) is the value today of an amount you'll receive or pay in the future, considering…

Q: Li Jun purchased an annuity that had an interest rate of 3.75% compounded semi- annually. It…

A: Present value refers to the current value of an asset that will be present at some future date. It…

Q: If Bob and Judy combine their savings of $1,500 and $900, respectively, and deposit this amount into…

A:

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.