Previous ProblemProblem ListNext ProblemSuppose you invest $11,695.00 into an account earning an interest rate of2.767% compounded continuously for 1 year(s) and thereafter earning aninterest rate of 3.227% compounded weekly. How much money is in the accountafter 11 years?The amount in the account is $Preview My Answers Submit AnswersYou have attempted this problem 0 times

Step 1: Given Value for Calculation Present Value = pv = $11,695Compound for Year 1 =…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question Help ▼ You plan to deposit $800 in a bank account now and $500 at the end of the year. If the account earns 3% interest per year, what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $ (Round to the nearest dollar.) Enter your answer in the answer box.
A Click Submit to complete this assessment. Question 34 You deposit $ 6,957 in an account that pays 1 % simple interest. How much do you have after 12 years? If needed, round your answer to zero decimal places. A Click Submit to complete this assessment.
Part 1 How long will it take to save $1701.00 by making deposits of $146.00 at the end of every year into an account earning interest at 7% compounded annually? State your answer in years and months ( from 0 to 11 months). Question content area bottom Part 1 It will take enter your response here year(s) and enter your response here month(s).
Just answers plz
Only typing answer Please explain step by step without table and graph thankyou
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Financial Accounting question please solve
How do I do this on a Financial calculator? Can it even do this problem?
Details Account A Account B Bank Name TD Bank Scotiabank TD ePremium Savings Account MomentumPLUS Savings Account Account Name Annual Interest Rate 0.500% 1.350% Compounding Interval Daily Daily 2. Use this information to answer the following questions: a) Let's say you invest $10,000 into each account. What is the final amount after 10 years? b) How much interest did you earn from each account? c) Estimate and compare how long it would take to double your $10,000 with each account. Show all your work. d) Using the information you collected, would you use either of these savings accounts long-term? Explain. e) Write a function for each bank model and compare their 'a' value, base, and exponent. Does your comparison still support your decision? Explain.
How much would you need to deposit in an account each month in order to have $30,000 in the account in 8 years? Assume the account earns 7% interest. S Submit Question Search hp
Tab Window Hélp sponse The balance of an interest-bearing account can be modeled by an exponential equation. For example, consider an initial deposit of $2000 at an annual interest rate of 6%. The interest earned each year is deposited into the account at the end of the year. A. Assuming that no withdrawals or deposits are made, write an equation that models the account balance after x years. Your answer B. What is the account balance at the end of the 10 years? Your answer C. Create a graph that shows the increase in the account balance over the next 20 years, including your initial deposit. Your answer D. Using the graph, estimate how many years it will take for the initial deposit to double. Your answer E. If you deposited $2000 in an account of this type, what would the account balance be when you are 45 years old assuming that you are 18 years of age right now?
eBook Reaching a Financial Goal You need to accumulate $10,000. To do so, you plan to make deposits of $1,350 per year - with the first payment being made a year from today - into a bank account that pays 12% annual interest. Your last deposit will be less than $1,350 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Do not round intermediate calculations. Round your answer up to the nearest whole number. year(s) How large will the last deposit be? Do not round intermediate calculations. Round your answer to the nearest cent. $

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