Find 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 places
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Find 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 places
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- Find the final amount of money in an account if $1,400 is deposited at 2% interest compounded weekly and the money is left for 9 years. The final amount is $ . Round answer to 2 decimal placesIf you deposit #9989 into an account paying 3.6% annual interest compounded monthly, how much money will be in the account after 8 years? Round your answer to 2 decimal places.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.
- Suppose you deposit $1,751.00 into an account today that earns 5.00%. It will take ___ years for the account to be worth $2,806.00. Answer format: Number: Round to: 2 decimal places.Suppose that you will deposit $184 at the end of each month for the next 24 years into an account with an APR of 11% and monthly compounding. How much money will be in the account at the end of the 24 years? Round your final answer to two decimals. Show formula in Excel.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.
- You deposit $100 in an account earning 5% compound interest for 5 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places if necessary. (1 year = 365 days, including leap years)Find the final amount of money in an account if $8,200$8,200 is deposited at 7%7% interest compounded quarterly (every 3 months) and the money is left for 66 years.The final amount is $___________________What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is worth 3% compounded quarterly? Round your answer to 2 decimal places.
- If you deposit $500 per year in an account for six years at 9 percent compounded annually, how much will you have in the account? Round your answer to the nearest dollar. $3,270 Give typing answer with explanation and conclusionFind 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 yearsSuppose an account pays 12% simple annual interest, and $6,316 is deposited into the account. If the interest is paid annually and no money is withdrawn from the account since the initial deposit, find the balance in the account after 5 years. Round answer to two digits after the decimal point.