if $500 is placed in an account that earns a normal 6 % compounded quarterly, what will be worith in 10 years. a. $907 b. $1,045 c. $980 d. $ 1,020 e. $117.48
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if $500 is placed in an account that earns a normal 6 % compounded quarterly, what will be worith in 10 years.
a. $907
b. $1,045
c. $980
d. $ 1,020
e. $117.48

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- Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year, compounded quarterly, how much will be in the account at the end of 4 years.A. $812 84B. $750.00C. $1,029.59D. $927.52E. $1.020.37Suppose you invest $3,800 today in an account that earns a nominal annual rate (inom) of 12 percent, with interest compounded quarterly. How much money will you have after 12 years? a. $5,417.89 b. $15,702.56 c. $14,804.71 d. $875,484.95 e. $51,072.00Suppose you deposit $1,681.00 into an account today that earns 11.00% p.a. It will take years for the account to be worth $2,936.00.
- If you deposit $150 in an account with an APR of 6% and continuous compounding, the balance after 2 years is O a. $150 x e0.12 O b. $250 x (1 + 0.06)² O c. $250 xe0.12 Od. $150 x e2If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per year, how much money will be in the account at the end of that time period? O A. $1,890,000 B. $63,000 O C. $132,878 O D. $1,200,000Suppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The account earned _% per year
- What parameter is this question asking for? What deposit made at the end of each month will accumulate to $10,000 in five years at 4% compounded monthly? Select one: a. n b. PMT c. FV d. i e. PVSuppose you are depositing an amount today in an account that earns 5.25% interest, compounded quarterly. If your goal is to have $5000 in the account at the end of six years, how much must you deposit in the account today? Round to the nearest dollar. $3507 $3657 $657 $2765Suppose you have $5,000 to invest for the next 40 years. You are given 3 choices on where to invest your money. Account #1 12.20% compounded weekly Account #2 12.18% compounded daily 12.16% compounded continuously Account #3 Calculate the APR (assume P-$100, t=1 year) for each account. Round to 2 decimal places, in percent form. APR Account #1 % Account #2 % Account #3 % SHOW WORK BELOW: Based on your calculations, which account will you invest your $5,000? Why? How much money will you have after 40 years in the account that you have chosen? How much in total interest will you gain? In other words, from $5,000, by how much did your money increase?
- What amount three years from now is equivalent to $3000 due five months from now? Assume that money can earn 7.5% compounded monthly.* O $3639.18 O $3392.15 $3049.10 $3529.14You deposit $400 at the end of each month into an account earning 3.7% interest compounded monthly. a) How much will you have in the account in 30 years? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ (round to the nearest cent) b) How much will be the total amount of money deposited into the account after 30 years? Total Deposited = $ (enter a positive value) c) How much total interest will you earn? Total Interest= $ (enter a positive value, and round to the nearest cent) ( Explain all point of question with proper step by step Answer. )What is the interest earned in a savings account after 12 months on a balance of $7500 if the interest rate is 1.5% APY compounded yearly? interest = $[?] Round your answer to the nearest hundredth.





