Laura saves $22 at the end of each week and deposits the money in an account paying 8% compounded semi-annually. How much will Laura accumulate in 4 years? How much of the accumulated amount is interest? Laura will accumulate $ in 4 years. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Laura saves $22 at the end of each week and deposits the money in an account paying 8% compounded semi-annually. How much will Laura accumulate in 4 years? How much of the accumulated amount is interest? Laura will accumulate $ in 4 years. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Molly has made deposits of $960 at the end of every six months for twelve years. If interest is 5% compounded quarterly, how much will Molly have accumulated ten years after the last deposit? Molly will have accumulated $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Yolanda deposited $1,800 at the end of each six months for 2 years in a savings account. If the account paid 4% interest, compounded semiannually, use Table 12-1 to find the future value of her account. (Round your answer to the nearest cent.) $
Stephen plans to purchase a car 4 years from now. The car will cost $35,175 at that time. Assume that Stephen can earn 7.38 percent (compounded monthly) on his money. How much should he set aside today for the purchase? Round the answer to two decimal places.
To start a new business Beth deposits $2000 at the end of each six-month period in an account that pays 7%, compounded semiannually. How much will she have at the end years? At the end of 9 years, Beth will have approximately S (Do not round until the final answer. Then round to the nearest hundredth as needed.)
Alyssa has $800,000 saved for retirement in an account earning 2.2% interest, compounded quarterly. How much will she be able to withdraw each quarter if she wants to take withdrawals for 19 years? Round your answer to the nearest dollar. LA
To attend school, Arianna deposits $160 at the end of every month for three and one-half years. What is the accumulated value of the deposits if interest is 9% compounded quarterly? The accumulated value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Juanita has $100 deducted from her paycheck at the end of each month and put into a savings account earning 11% interest compounded monthly. She continues these deposits for 5 years. How much is in the account at the end of 5 years?
Reese contributed $250.00 every month into an RRSP for 5 years. What nominal annual rate of interest will the RRSP earn if the balance in Reese's account just after she made her last contribution was $16,750.00? The nominal annual rate of interest is % compounded monthly. (Round to two decimal places as needed.) C
Shelly deposits the $2000 she got as a birthday gift from her grandmother into an account earning 3.6% interest compounded monthly. She decides to also deposit $200 at the end of each month into the same account. How much will be in the account in 10 years?
Jane Adele deposits $1,500 in an account at the beginning of each 3-month period for 11 years. If the account pays interest at the rate of 4%, compounded quarterly, how much will she have in her account after 11 years? Solve the problem. (Round your answer to the nearest cent.)
Rosa has a annuity worth $20, 000 to help pay for expenses while they are in a year-long (12-month) masters program. The annuity earns 5.4 % compounded monthly. Using the present value annuity formula, they find the will receive $1708 monthly during this time, sent to them at the start of the month. Fill in the table to track how much money remains in the annuity after each month. Round answers to 2 decimal places and use rounded answers in subsequent calculations. Time (Months) 0 2 3 Balance at start of month (after payment) $ $ $ Interest Earned during Time Period $ s $ Balance at end of month $ 20,000 $ $ $
Bha

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