Connie made deposits of $2,000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the value of Connie's account in four years? Multiple Choice $8,260.00 $9,051.20 $8.260.20

Q: Mrs. Rodrigues has made deposits of $850 at the end of every six months for twenty-five years. If…

A: The FV of an investment refers to the value of the cash flows of the investment assuming that they…

Q: Daniel and Claire each deposit 10,000 in high interest savings account and each earned 5% interest…

A: Interest Rate is the rate that is earned by the investor on deposits or paid by the borrower on…

Q: Jim Jones deposited $19,000 in a savings account at 7% interest compounded daily. At the end of 6…

A: The Future Value is calculated with the help of following formula  A = P (1 + r/n) nt A = Future…

Q: When Gerardo was born, his grandparents started a savings account for him with a beginning balance…

A: Interest earned:Interest gained is the income that gradually appears as a reward for the patience…

Q: Mary Moore opened a new savings account. She deposited $2,000 at 4% compounded quarterly. At the end…

A: Deposit now (P) = $ 2000 Annual interest rate = 4% Quarterly interest rate (r) = 4%/4 = 1% Deposit…

Q: Vijay

A: The objective of the question is to find out how much money Ms. Burke invested in each of the two…

Q: If Laura invests $1,230.00 in an account earning 2.95% simple interest, how much money will be her…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: ppose that Mark borrowed $27,750 on his car loan, and it is to be repaid in eight equal payments at…

A: Loans are paid by the equal annual payments and these annual payments carry the payment for interest…

Q: Alice Reed deposits $16,500 in Rye Bank, which pays 10% interest compounded semiannually.  What will…

A: In this we have to calculate the future value of the present value.

Q: Abe deposits $50 each month for 30 years in an account with an APR of 3.5%. Beatrice deposits $100…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Michelle Payne deposited $4,000 in a savings account paying 6.25% simple interest. How long (in…

A: Calculation of Simple Interest The purpose to provide the interest for the loan is repayment with…

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: Obtain today's value of the investment account.

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Q: Suppose 10 years ago your father deposited $ 25,000 in an account earning 4.6%. Every year you…

A: First step is to compute the future values of withdrawals staarting 9 yrs ago till today by applying…

Q: Taylor deposits $1500 in an account earning 4.7% interest compounded annually. How much will Taylor…

A: Future Value = Present Value x (1+ Periodic Interest Rate)^No. of Periods

Q: Lizzy Clar bought a home for $160,000, putting down $30,000. The rate of interest is 7% for 25…

A: Total Present Value = $160,000 Down payment = $30,000 Present Value of Loan = $130,000 Annual…

Q: Carla borrowed money to bank and she pays equal 3,500 every end of a quarter for 3 years with an…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: K Ms. Burke invested $30,000 in two accounts, one yielding 6% interest and the other yielding 9%. If…

A: Amount invested refers to an amount that is being invested by the investors for the purpose of…

Q: Kaye deposited $5,000 into a savings account today. For how long can $440 be withdrawn from the…

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Q: A young couple wishes to accumulate $35,000 at the end of four years so that they may make a down…

A: Given: Particulars Amount Future value (FV) 35000 Years (NPER) 4 Interest rate (rate) 6%

Q: Katelyn put $12,000 into a savings account three years ago. It paid 6% interest in the first year,…

A: Amount deposited = $12,000Interest rate :   for first year = 6%  for second year = 7%

Q: Kristina saves $23 at the end of each week and deposits the money in an account paying 11%…

A: Future value is an estimate of future cash values ​​that may be received at a future date,…

Q: Michelle Payne deposited $24,000 in a savings account paying 6.25% simple interest. How long (in…

A: Formula: FV=PV×1+rt

Q: how much did she invest in each account? account paying 5% $________ account paying 11%…

A: Investment refers to those mechanism which is used by the company for the purpose of generating…

Q: Financial Math, question One: Ryan purchased an annuity that had an interest rate of 2.75%…

A: Present value refers to the current value of future investment or series of investments at a rate of…

Q: c) Joana has $12,800 in her bank account today. She makes the following withdrawals: $2,200 in 2…

A: We need to use compound interest formula to solve this problem A =P(1+i)n Where A=Compound amount…

Q: 5 years ago Mayra began depositing money into a bank account every quarter that earns 6% compounded…

A: When interest on interest is calculated and accumulated it is called compounding.

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A: The future value is the future worth of the amount that will be paid or received in the future.

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: Tina deposited $20 in a savings account earning 5% interest, compounded annually. To the nearest…

A: Interest is the amount charged or received for loan taken or investment made. There can be simple…

Q: 4. Beatrice invests $1,888 in an account that pays 6% simple interest. How much more could she have…

A: Compound interest describes the process of earning interest on both the principal invested or…

Q: Sara deposits $13,900 into an account. For the first two years, money in the account earns 5.5%…

A: Deposit=$13900Interest rate 2 years=5.5%Interest rate next 2 years=5.8%

Q: Suppose 27 years ago your father deposited $ 27992 in an account earning 9%. Every year you withdrew…

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Q: Heidi deposits $8,000 in a savings account that earns 4.5% compound interest. What is the estimated…

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Q: Margaret M. withdrew $630,315 from an account into which she had invested $350,000. If the account…

A: FV= $630,315 PV= $350,000 Interest at 4% per year Time period= ?

Q: Jane has a 90-day bank Certificate of Deposit that pays 8% compounded quarterly. She is starting…

A: To calculate how much Jane will have in her account in five years, we need to consider the…

Q: Helena deposited P3,000 every beginning of 6 months for 10 years at Metro Bank at 9% compounded semi…

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

Q: The balance in Cari's savings account is currently $45,000. Initially, Cari opened the account by…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

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

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