Determine how much $1,000 deposited in a savings account paying 8% (compounded annually) will be worth after 5 years. a. $5,526 b. $1,400 c. $784 d. $1,469
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A: Hi student Since there are multiple questions, we will answer only first question.
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Q: Calculate the future worth of 20 annual $4,000 deposits in a savings account that earns 8%…
A:
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Q: Determine how much $1,000 deposited in a savings account paying 8% (compounded annually) will be…
A: Future Value = Present Value * (1+rate)^time
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Q: Need answers ASAP... If P100 is deposited in a savings account that pays 6% annual interest, what…
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- At the end of two years, what will be the balance in a savings account paying 6% annually if $10,000 is deposited today? The future value of one at 6% for one period is 1.06. a. $10,000 b. $10,600 c. $11,200 d. $11,236How much more is a perpetuity of $6,000 worth than an annuity of the same amount for 10 years? Assume an interest rate of 9% and cash flows at the end of each year. a. $99,212 b. $34,740 c. $58,097 d. $28,161A deposit of $3,000 is made in a savings account that pays 7.5% interest compounded annually. How much money will be available to the depositor at the end of 16 years? a. $8,877 b. $10,258 c. $9,542 d. $943.
- Calculate the future worth of 20 annual $4,000 deposits in a savings account that earns 8% compounded monthly. Assume all deposits are made at the beginning of each year. A. $189,226 B. $190,338 C. $188,197 D. $192,652If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded annually, how much will you have after 8 years of saving? O a. $633,523 O b. $37,566 O c. $473,672 O d. $450,793 O e. $557,760If $235,000 is deposited now, how much annuity at the end of each year can a person get annually from the bank every year for 3.5 years. Cost of money is 8%. a. $79,561.62 b. None of these c. $76,915.62 d. $79,615.62
- 7. You deposit R1 000 annually at the beginning of each of five years into a savings account paying 7% annual interest. The amount of money at the end of the period will be: 1. R1 402.55 2. R6 153.29 3. R5 750.74 4. R4 100.20How much money should be deposited in a bank paying a yearly interest rate of 8% so that after 10 years the accumulated amount will be $30,000? Select one: O a. none b. 13,895 O c. 14,895 d. 12,895 e. 15,895You decide to deposit your money today in a bank account paying 6.30% interest, compounded monthly. If the value of your savings grows to $3, 800 in 10 years, how much did you deposit? Answer a. $1,826 b. $ 2,027 c. $2,193 d. $1,988 e. $1,907
- What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $4,800? a. $20.28 b. $292.96 c. $312.00 d. $156.00 e. $738.46If you deposit $15,000 at EOY 1, $10,000 at EOY 2, and $5,000 at EOY 3 into a savings account which earns an annual interest rate of 22% compounded continuously, how much will you have in your account at EOY 5? O a. $50,779 O b. $48,222 O c. $63,275 O d. $58,830 O e. $40,751iYou invest $8,500 in a savings account that pays interest of 4.8% compounded monthly. To the nearest cent, what is the value of your account after 19 months? A. $9,169.79 B. $9,119.79 C. $9,219.79 D. $9,999.79 E. $9,669.79
