FIND WHICH ACCOUNT IS PAYING YOU THE MOST AT THE END OF 5 YEARS IF YOU DEPOSIT 30,000 TODAY   6% with annual compounding 5.95% with semi-annual compounding 5.93% with quarterly compounding 5.9% with weekly compounding (note : there are 52 weeks in a year) ANSWER BY SOLVING FOR ACCOUNT BALANCE AT THE END OF 5 YEARS

Q: Use the appropriate formula to find the amortization payment you would need to make each 3 months at…

A: Amortization payment refers to that payment which is required to be paid to payoff the loan during…

Q: Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20…

A:

Q: You deposit $7,000 into an account earning interest at a 7% APR.  You keep the money in the account…

A: Initial deposit = $7,000 Interest rate = 0.07 or 7% Period = 5 years Money in account at the end of…

Q: How much interest will an account earn if you deposited $605 at the end of every six months for 11…

A: Amount deposited$605Number of years11Interest rate3.50%

Q: You deposit $23,000.00 in an account that pays 4% compounded annually and immediately start making…

A: In this question future value would also be find out so that payment per year can be find out.

Q: Quarterly compounding implies that interest is compounded _  times per year.   You have deposited…

A: Compound = Semiannually = 2Present Value = pv = $96,780Interest rate = r = 8 / 2 = 4%Time = t = 8 *…

Q: Principal $6500 Rate 8% Compounded quarterly Time 3 years

A: Future value refers to the value of current asset at some future date affected by interest rates,…

Q: If you deposit $750 at 12.41% annual interest compounded daily, how much money will be in the…

A: P = $750r =0.1241n =364t = 4A =?

Q: A person deposits $1,000 for 5 years in an account that pays 7.2% per year compounded quarterly.…

A: Future value refers to the future date value when all cash flows are compounded at the given…

Q: You plan to deposit $200 at the end of every six months for 8 years starting at the end of month 6.…

A: Answer: Calculation of the amount that will be available to withdraw at the end of year 15: The…

Q: 1.Assume that you deposit $946 into an account that pays 11 percent per annum. How much money will…

A: Time value of money refers to the concept that money available at the present time is worth more…

Q: Problem 1. Answer the following questions on recurrence relations. a) A person deposits $5000 in an…

A: A recurrence relation is an equation that defines a sequence based on a rule that gives the next…

Q: How much would you need to deposit in an account now in order to have $6,000 in the account in 8…

A: In order to solve this question one has to solve for the present value to know how much to save into…

Q: Please help me , Fast solution please.

A: The objective of this question is to calculate the total interest earned on an account where $605 is…

Q: How much interest will an account earn if you deposited $605 at the end of every six months for 11…

A: The objective of the question is to calculate the total interest earned on an account where $605 is…

Q: None

A: If you have any help please let me know in comment box and then I will help you.

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

A: The concept of time value of money will be used and applied to get the solution.   The amount to be…

Q: The stated interest rate on your account is 8% interest, compounded monthly if you deposit $50 each…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Suppose you invest $1,000.00 in an account with an annual interest rate of 6% compounded monthly…

A: To complete this table we have add simple interest on ending balance and then add deposit balance to…

Q: Calculating deposit needed You put $7,000 in an account earning 7%. After 2 years, you make another…

A: The objective of the question is to find out the amount of the deposit made at the end of year 2.…

Q: If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: Find the final amount of money in an account if $7,400 is deposited at 7.5% interest compounded…

A: The interest rate compounds semi-annually. Hence, the interest rate that should be considered is…

Q: Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded…

A: Compound = Quarterly = 4Present Value = pv = $8100Interest Rate = r = 8 / 4 = 2%Time = t = 5 * 4 =…

Q: te.4 If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5%…

A: The objective of the question is to calculate the future value of an ordinary annuity. An ordinary…

Q: How much money would you need to deposit today at 16.12% annual interest compounded monthly to have…

A: Present value refers to the current value of the future cash flow. Present value can be determined…

Q: You want to receive ​$275 at the end of every three months for 5 years. Interest is 5.7% compounded…

A: Present value refers to the current value of an asset present at some future date. It is helpful…

Q: Find the final amount of money in an account if $5,300 is deposited at 6.5% interest compound semi…

A: Initial deposit (I) = $5,300Semiannual interest rate (r) = 0.0325 (i.e. 0.065 / 2)Semiannual period…

Q: Calculating deposit needed You put $7,000 in an account earning 7%. After 2 years, you make another…

A: The objective of this question is to find out the amount of the deposit made at the end of year 2.…

Q: You deposit $27,000.00 in an account that pays 4% compounded annually and immediately start making…

A: Given:

Q: . If you were to deposit $399.27 into an account today that pays 8% interest annually, with a…

A: Present Value = pv = $399.27Interest Rate = rate = 8%Payment = pmt = $100Time = nper = 5 Years

Q: how much interest will an account earn if you deposited $435 at the end of every six months for 7…

A: The objective of the question is to calculate the total interest earned on an account where $435 is…

Q: Please step by step solution

A: First, you must understand that what is required for this question is to determine the future value…

Q: How much would you have to deposit into a bank at the beginning of every 6 months to have a total of…

A: We need to use future value of annuity due formula to calculate semi annual payment.whereFVn =future…