Compute the present value of a $2,000 deposit in year 1, and another $1,500 deposit at the end of year 3 if interest rates are 10 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Compute the present value of a $2,000 deposit in year 1, and another $1,500 deposit at the end of year 3 if interest rates are 10 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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- Compute the future value in year 9 of a $2,000 deposit in year 1, and another $1,500 deposit at the end of year 3 using a 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)Compute the future value in year 9 of a $2,100 deposit in year 1, and another $1,600 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future Value?Compute the present value of a $2,200 deposit in year 3, and another $1,700 deposit at the end of year 5 if interest rates are 8 percent. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value
- Compute The present value of a $5500 deposit in year 1, and another $5000 deposit at the end of year 4 using an 8% interest rate. ( do not round intermediate calculations and around your final answer to two decimal places)Compute the present value of a $2,000 deposit in year 1, and another $2,500 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)Compute the present value of a $5,500 deposit in year 1, and another $5,000 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value
- consider a $5,600 deposit earning 10 percent interest per year for 10 years. What is the future value? How much total interest is earned on the original deposit? How much is interest earned on interest? (do not round intermediate calculations. Round your answer to 2 decimal places.)Given a 3 percent interest rate, compute the year 6 future value of deposits made in years 1,2,3, and 4 of $1550, $1750, $1750, and $2050, respectively. (do not round intermediate calculations and round your final answer to 2 decimal places.)Find the interest rate for a $8500 deposit accumulating to $12,681, compounded annually for 7 years. a- The interest rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) b- The amount of interest earned is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
- If you deposit $700 in a bank account that earns 5 percent per year, how much total interest will you have earned after the third year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Total Interest =1. Determine the interest rate earned on a $4,444 deposit when $4789 is paid back in one year. (Round your answer to 2 decimal places.) 2. You decide to make a deposit of $500 today and earns the following interest rates:7 percent in the first year.6 percent in the second year.5 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.) 3. How many years will it take $1.5 million to grow to $3.50 million with an annual interest rate of 6.25 percent? (Do not round intermediate calculations.) 4. Jeff realizes that he has charged too much on his credit card and has racked up $8,200 in debt. If he can pay $325 each month and the card charges 19 percent APR (compounded monthly), how long (in months) will it take him to pay off the debt? (Do not round intermediate calculations and round your final answer to 2 decimal places.)Suppose you make equal quarterly deposits of $2,500 into a fund that pays interest at a rate of 5% compounded monthly. Find the balance at the end of year 3. Hint: You will need an effective interest rate in your calculations. As a proportion, round this value to 4 places after the decimal when you use this in subsequent calculations. Note: Note: When entering your answer, do not use any dollar symbols or any other units. Enter only the value rounded to the nearest integer (nearest dollar). Also, for longer values, do not use any commas.