Exactly 3 years ago, Carlos deposited $791 into a savings account that earned 1% annual interest, compounded quarterly. There have been no other deposits and no withdrawals. What is the account balance today?
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- How much did you initially deposit of this financial accounting question?Ten years ago, when Franco was still a college student, he deposited 10,000 in a bank. The bank's rate of interest on deposit is 2% compounded quarterly, what is the balance of Nigel's account today? No peso sign, with comma, no decimal point.Suppose Zoe had deposited another $900 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 7% but with quarterly compounding. Keeping everything else constant, how much money will Zoe have in her account at this bank in 13 years? O $163.00 O $166.16 O $964.67 O $2,218.36
- Seven years ago Ruby began depositing $500 at the beginning of each month into an account. The interest rate was 1.48% compounded monthly. Answer the following questions, and round all answers to two decimal places where necessary. Choose BGN or END? Ⓒ 1) What is the present account balance P/Y= PV = $ esc P/Y= PV = $ Submit Question 1 C/Y= 2) If she stops making deposits immediately, how much will be in the account in three and a half years from now, if the interest rate remains the same (1.48% compounded monthly)? F1 PMT= $ C/Y= PMT= $ 2 F2 N= #3 N= FV = $ 80 F3 FV = $ I/Y = Q F4 I/Y = % 9 F5 % % F6 F7If you wish to accumulate.... Please answer the financial accounting questionFrank deposites $885 into a savings account earning 2.8% exact simple interest . How much interest was earned in 165 days?
- Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264You have $10,000 in the bank today. Your only deposit was $6,700 exactly 4 years ago. What is the annual interest rate?Dila just deposited $10,600 into an account that pays 7.4% p.a.. but with daily compounding (i.e., 365 times per year). How much money will Dila have in her account exactly 13 years from today? Record your answer as a dollar amount , rounded to two decimal places , but do not include a dollar sign or any commas in your answer . For example , enter $ 18,232.36987 as 18232.37 .
- Suppose you deposit $1,093.00 into an account 4.00 years from today that earns 11.00% . It will be worth $1,622.00 years from today.You deposit $ 7,812 in your account today. You make another deposit at t = 1 of $ 6,946 . How much will there be in your account at the end of year 1 if the interest rate is 11.9 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer:Michelle Payne deposited $16,000 in a savings account paying 6.25% simple interest. How long (in years) will it take for her investment to amount to $28,000? years Need Help? Read It