Ken deposited $2500 in an account that earns 6% interest, compounded monthly. How much money will be on Ken's account in 10 years from now? Round to the nearest cent.
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Ken deposited $2500 in an account that earns 6% interest, compounded monthly.
How much money will be on Ken's account in 10 years from now?
Round to the nearest cent.
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- Derek will deposit $1,169.00 per year into an account starting today and ending in year 5.00. The account that earns 7.00%. How much will be in the account 5.0 years from today?Roger just deposited $12,000 into his account at Market Place Bank. The bank will pay 3.2 percent interest, compounded annually, on this account. How much interest on interest will he earn over the next 11 years?Suppose that Jacob would like to invest at the end of each month for the next 15 years into an account paying 6.72% compounded monthly in order to accumulate $10,000 at the end of that time? How much money must Jacob deposit into the account each month? How much interest will he have earned?
- John deposits $1500 into a savings account earning simple interest at 2.19%annually. How much will he have in the account after 30 months?Derek will deposit $2,713.00 per year for 16.00 years into an account that earns 10.00 %, The first deposit is made next year. He has $14,955.00 in his account today. How much will be in the account 50.00 years from today? round answer 2 decimal placesIf Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of 6%/year compounded monthly, how much will he have on deposit in his savings account at the end of 5 yr, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.) $ Need Help? Master It
- Please help me answer the following time value of money question. If Hollie deposits $5000 in an account that earns 3.5% interest compounded annually, how much will she have in 19 years? What if it is compounded quarterly?Appa deposits $2500 in an account earning 4.9% interest compounded monthly. How much will Appa have in the account in 1 year? $ Bash deposits $2500 in an account earning 4.9% interest compounded daily. How much will Bash have in the account in 1 year? How much more does Bash make than Appa? (to the nearest cent)You deposit $200 each month into an account earning 3% interest compounded monthly.a) How much will you have in the account in 20 years?$b) How much total money will you put into the account?$c) How much total interest will you earn?$
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