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Find the final amount of money in the account if $1200 is deposited at 7% interest compounded quarterly (every three months) and the money is left for 7 years
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- Find the final amount of money in an account if $8,900 is deposited at 7% interest compounded quarterly (every 3 months) and the money is left for 8 years.Find the final amount of money in an account if $7,400 is deposited at 7.5% interest compounded semi-annually and the money is left for 6 years.Find the final amount of money in an account if $700 is deposited at 6.5% interest compounded annually and the money is left for 5 years.
- Find the final amount of money in an account if $5,300 is deposited at 6.5% interest compound semi annually and the money is left for 5 yearsFind the final amount of money in an account if $500 is deposited at 7% interest compounded quarterly (every 3 months) and the money is left for 8 years. The final amount is $ . Round answer to 2 decimal placesCalculate the amount of money that must be deposited at the end of every three months into an account paying 6% compounded monthly to accumulate to $12,500 in ten years.
- An amount of 1200 per year is to be paid into an account each for the next five years. Using an interest rate of 12 % determine the total amount the account will have at the end of 5th year. Deposit made at the end of each year with interest compounded monthly.What sum of money must be deposited at the end of every 3 months into an account paying 3.7% compounded monthly to accumulate to $18,000.00 in 12 years?Find the present value of the annuity that will pay $1,500 every 6 months for 9 years from an account paying interest at a rate of 8% compounded semiannually.
- You deposit $700 at the end of each month into an account earning interest at an annual rate of r compounded monthly. Use a spreadsheet to find the value of r that produces an account value of $50,000 in 5 years.How much must be deposited at the beginning of each month in an account that pays 6% compounded monthly, so that the account will contain $31,000.00 at the end of 7 years?The monthly payments are $You deposit $7,000 into an account earning interest at a 7% APR. You keep the money in the account for five years, and the account compounds annually. How much money will be in the account at the end of five years?