How much interest (in dollars) is earned in 9 years on $8,500 deposited in an account paying 5% interest compounded semiannually? (Round your answer to the nearest cent.)
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?How much interest is earned in 9 years on $8200 deposited in an account paying 6% interest, compounded semiannually? (Round your answer to two decimal places.)How much interest is earned in 8 years on $8400 deposited in an account paying 7% interest, compounded semiannually? (Round your answer to two decimal places.) Only type answer and give answer fast
- Determine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. (Round your answer to 2 decimal places.)A person deposits $1,000 for 5 years in an account that pays 7.2% per year compounded quarterly. What is the interest rate per period? % How many compounding periods are there? How much is in the account at the end of the 5 years? $ Round to two decimal places as necessary.If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn $1,796.26 in total interest, then the annual interest rate for the account is?
- You deposit $8900 in an account paying 8% interest, compounded semiannually. Calculate the compound amount after 9 years. (Round your answer to two decimal places.)$18029.77 18029.77 Step 2 The compound amount is $18029.77.Using the answer to Step 1, how much interest is earned? (Round your answer to two decimal places.)What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 7.6%, compounded semiannually, so that the account will have a future value of $150,000 at the end of 18 years? (Round your answer to the nearest cent.)$_____Suppose $3500 is deposited in an account paying 4% interest compounded continuously for 5 years. Find the total amount in the account at the end of 5 years. Give your answer to the nearest hundredth (two decimal places).Total Amount: Find the total amount of interest accrued over the 5-year period. Give your answer to the nearest hundredth (two decimal places).Interest Accrued:
- If 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.If the interest earned by a savings account paying an APR of 1% is compounded quarterly, what percent of the current balance is added to the account as interest every three months during the year? What about for 4%, 5%, and 7%? (Enter an exact answer and use decimals if needed.) percent of current balance added as interest for 1% APR: percent of current balance added as interest for 4% APR: percent of current balance added as interest for 5% APR: percent of current balance added as interest for 7% APR: 28What amount needs to be deposited into an account earning 4.3% interest compounded annually to have $21,707 in 11 years?
