Certain Concrete Company deposits $2,000 at the end of each quarter into an account paying 11% interest compounded quarterly. What is the value of the account at the end of  7 1/2 1 2  years? (a) State the type. A. present valueB. ordinary annuity    C. sinking fund D. amortization E. none of these (b) Answer the question. (Round your answer to the nearest cent.)

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Q: $10,000 is deposited in an account in which it earns 9.5% interest compounded quarterly. No…

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Q: Molly Hamilton deposited $60,000 at Bank of America at 16% interest compounded quarterly. What is…

A: Given, Rate = 16% p.a. compounded quarterly Amount Deposited = $60000

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A: Notes payable: Notes payable is the promissory note which has been issued by the company for their…

Q: Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3…

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Q: An investor makes a 15 year deposit of $57,632. The bank is paying an interest rate of 11% per year,…

A: The value of deposit is $57,632. The maturity period is 15 years. The annual interest rate is 11%.…

Q: The amount of P100,000.00 was deposit in the bank earning an interest of 7.5% per annum. Determine…

A: Answer : Principal (P) = 100,000 Interest (r) = 7.5%  Time (n) = 5 Amount = P (1 + r/100)^n

Q: A $2600 certificate of deposit held for 88 days was worth $2635.59. What simple interest rate was…

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Q: Company A borrows P2,000,000 from Bank at 12% interest to be paid at the end of each year for 15…

A: Hi there, thanks for posting the questions. But as per our Q&A guidelines, we must answer the…

Q: A debt is amortized by monthly payments of $250. Interest is 8% compounded monthly. If the…

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Q: A given account accrues two kinds of deposits for a period of 7 years. One is a leveled deposit of…

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Q: A sinking fund is established to discharge a debt of $70,000 in 15 years. If deposits are made at…

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Q: Mark Welsch deposits $7,000 in an account that earns interest at an annual rate of 12%, compounded…

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Q: Here is your question to solve, due April 1. A loan was taken out for $600,000 with a 10-year…

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Q: The maturity value of a savings account that belonged to Peach Company was $44,418.50. The interest…

A: PRESENT VALUE   Present value, also known as Present Discounts value, is the value of an expected…

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A: Given: Deposit = $7,900 Interest rate = 12% Years = 2

Q: Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of…

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Q: 3) For the transaction shown below, determine the amount of money in the account at the end of year…

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Q: Bank A pays 11.50% annual interest, compounded quarterly, on its savings accounts. Bank B wants to…

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Q: If $15,500 is deposited in an account earning interest compounded continuously at 4.00% for 12…

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Q: Mark Welsch deposits $7,300 in an account that earns interest at an annual rate of 12%, compounded…

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Q: How much interest (in dollars) is earned in 7 years on $8,800 deposited in an account paying 7%…

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Q: Find the compound amount for the deposit and the amount of interest earned. $8900 at 8.7% compounded…

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Q: oday Bill invested $5400 in an account that pays an annual interest rate of 2.6%, compounded…

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Q: Parts a–c for each of the following cases. Answer parts a–c for each of the following cases.…

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Q: Bank 1 is offering interest rate of 8.4%(compounds semiannually) on fixed deposits. Bank2 is…

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Q: If $19,000 is deposited in an account earning interest compounded weekly at 5.87% for 13 years, what…

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Q: Your bank pays 4% interest, compounded semiannually. Use Table 12-1 to find the future value (in $)…

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Q: A personal account earmarked as a retirement supplement contains $292,200. Suppose $250,000 is used…

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Q: What is the future value on December 31, Year 5, of a deposit of $10,000 made on January 1, Year 2,…

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Q: Certain Concrete Company deposits $2,000 at the end of each quarter into an account paying 5%…

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Q: $30,624 is put into an empty savings account with a nominal interest rate of 0.1. No other…

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Q: Halep Inc. borrowed $10,771 from Davis Bank and signed a 8-year note payable stating the interest…

A: Annual payment amount = Loan amount/Present value of annuity factor