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If at the beginning each month, a saver deposited $100 into a savings account that paid 12% compounded monthly, how much would he have at the end of 3 years?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.If at the end of each month, a saver deposited $100 into a savings account that paid 12% compounded monthly, how much would he have at the end of 3 years?
- If you deposit $250 into an account that earns 4.8% interest compounded monthly, How much will you have in the account 30 years from now ? What is the interest earned on the account ?If you deposit $250 each month into an individual retirment account that earns 4.8% interest compounded monthly, a.) How much will you have in the account 30 years from now ? b.) What is the interest earned on the account ?You deposit $400 each month into an account earning 6% interest compounded monthly. How much will you have in the account in 25 years? How much total money will you put into the account? How much total interest will you earn?
- You deposit $100 each month into an account earning 6% interest compounded monthly.a) How much will you have in the account in 35 years?b) How much total money will you put into the account?c) How much total interest will you earn?If you deposit $50,000 in an account that pays an annual interest rate of 10% compounded monthly, what will your account balance be in 11 years?Assume you deposit $5700 at the end of each year into an account paying 11.25 percent interest. A.) How much money will you have in the account in 19 years? B.) How much will you have if you make deposits for 38 years?
- What will the total amount of an account be where I deposited $1000 per year earning 4 % annually for 12 years?If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance after six years? How much interest is earned?Suppose that today you start a savings account with a deposit of $75, and continue to invest $75 at the beginning of every month for 3 years. If your savings earn 3.00% p.a. and interest is calculated monthly, determine the total in your account at the end of the 3 years. Give your answer to the nearest penny.
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