establish a "rainy day" cash reserve account, a certain company deposits $11,000 of its profit at the end of each quarter into a money market account that pays 1.85% interest compounded quarterly. (Round ur answers to the nearest cent.) a) How much (in $) will the account be worth in 2 years? $ (b) How much (in $) will the account be worth in 3 years? $

establish a "rainy day" cash reserve account, a certain company deposits $11,000 of its profit at the end of each quarter into a money market account that pays 1.85% interest compounded quarterly. (Round ur answers to the nearest cent.) a) How much (in $) will the account be worth in 2 years? $ (b) How much (in $) will the account be worth in 3 years? $

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Suppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The account earned _% per year
Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8% compounded annually. In other words, how much do you have to deposit now (with the second deposit in the amount of $1,000 at the end of the first year) so that you will be able to withdraw $600 at the end of the second year through the fourth year, and $800 at the end of the fifth year, where the bank pays you 8% annual interest on your balance?
You deposit $400 at the end of each month into an account earning 3.7% interest compounded monthly. a) How much will you have in the account in 30 years? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ (round to the nearest cent) b) How much will be the total amount of money deposited into the account after 30 years? Total Deposited = $ (enter a positive value) c) How much total interest will you earn? Total Interest= $ (enter a positive value, and round to the nearest cent) ( Explain all point of question with proper step by step Answer. )
I. Hamilton wants to accumulate $170.000 at the end of 4 years. It starts quarterly payments in a bank account which pays J4= 5% (annual interest rate with quarterly compounding). a) Find the size of quarterly payments. b) If, after 2 years, bank switches the rate to J4= 8%, what would be the size of quarterly payments for last 2 years required to meet the ₺ 230.000 goal?
Your mother deposit P1,000 in an account that pays 12% interest, compounded quarterly. How much will be in the account after eight years if there are no withdrawals? Follow the format. 1. Given: 2. Formula: 3. Required: 4. Cash flow Sketch: 5. Solution:
A bank pays 6% interest, compounded semiannually. Use the appropriate formula to find how much should be deposited (in $) now to yield an annuity payment of $300 at the beginning of each six months, for 14 years. (Round your answer to the nearest cent.) Need Help? Read It Watch It Master It
Your bank pays 4% interest, compounded semiannually. Use Table 12-1 to find the future value (in $) of $700 deposited at the beginning of every six months, for 17 years. (Round your answer to the nearest cent.)
Your bank pays an interest rate quoted as 5.0% per annum compounded semi-annually. You invest $1,000 into the bank now for a 5 year period. What will your balance be after 5 years? (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)
Q1) A man deposited $10,000 in a bank saving account that pays X % / year compounded monthly. He withdraw his money in five equal ends of year withdrawals starting at the end of the first year. Each withdrawal equals $3,000. Determine: 1) Effective Interest Rate per year (i) 2) Nominal Interest Rate per year (X) 3) Effective interest rate per month 4) Effective interest rate per six months
What amount of money must invert in a bank that pay the 25 % annual, capitalizable monthly, with the objective of get, to the final of three years, the addition of $3,000 000.00? Which would is amount Yes the rate it is capitalizable semi-annually?
A bank features a savings account that has an annual percentage rate of R=5.8% with interest compounded quarterly. Holly deposits $6,500 into the account.(A) What value should be used for n if time = 1010 years? (B) How much money will Holly have in the account in 1010 years? C) What is the effective rate for the savings account?
If you deposit $1,000 in an account that earns an APR of 5% compounded once per year a) How long will it take for an initial deposit to triple b) How much will you have after 20 months? Please answer fast I give you upvote

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