Please solve all three problem I will give you thumbs up.     Problem 1   Mrs. Doe deposits $100 into a saving account that earns interest at %12 a year compounded monthly. How much interest will be earned during: 1) the first year; 2) the second year.   Problem 2   Find the compound interest earned on the investment of $100 for 5 years at a nominal rate of 5% compounded with frequencies: annual, semi-annual, quarterly, monthly, weekly and daily.

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Q: What is the amount of the quartery deposits A such that you w able to withdraw the amounts shown in…

A: Let Quarterly Deposit = A r = 8%/4 = 2%

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Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

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Q: What single amount at the end of the fifth year is equivalent to a uniform annual series of $3,000…

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Q: You can afford a $1500 per month mortgage payment. You've found a 30 year loan at 7% interest…

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Q: An automobile loan of $15,000 at a nominal rate of 10% compounded monthly for 36 months requires…

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Q: Hector Perez deposits $500 in a savings account. The money is left on deposit earning 4% compounded…

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Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

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Q: You have deposited your $20000 lottery winnings in an account that pays 8%interest compounded…

A:

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Q: For a 9-year loan of $75,000 with an interest rate of 7.20% compounded monthly, What is your…

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Q: You have $25,000 in an account that pays 6% interest compounded annually. You want to make equal…

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Q: Draw cash flow diagram and show your solution A person needs $20,000 immediately as a down payment…

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Q: A payment of $26,000 is due today. What three equal payments, one in 3 years, one in 4 years, and…

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Q: If $11,500 per quarter is invested in an account that earns a nominal annual interest rate of 9%…

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Q: What single amount at the end of the sixth yearis equivalent to a uniform annual series of $7,500per…

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