Sarah deposited $1,250 into a savings account 4 years ago that earns 2% annual interest, compounded quarterly. What is the account balance today?
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- Sandy just received her annual bank statement. Exactly one year ago, she deposited $10,000 in a savings account. Today, her balance is $10,509.45. Sandy's savings account interest is compounded quarterly. Using simple interest as a guideline, Sandy received an annualized interest rate of_percent. a. 5, b. 5.5, c. 6, d. 6.5A year ago your Aunt Sheri deposited $ 1 comma 000 in a bank account. One year later, there was $ 1 comma 090 in Aunt Sheri's account. What APR, compounded monthly, was the bank providing Aunt Sheri?The APR, compounded monthly, is closest to: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.) $
- Heidi deposits $8,000 in a savings account that earns 4.5% interest, compounded quarterly. How much interest did she earn in 5 years? Round to the nearest cent.Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. $95,037.72$103,940.74 $112,256.00$113,556.00cecilia invested $5000 in an account four years ago. Today her account has a balance of $6200. Given that her account offered quarterly compounding of interest, the APR on this account is?
- Mr. Peabody drove to his bank and deposited $500 at the end of every three months for 15.6 years. What is the accumulated value of Mr. Peabody's annuity at 4.95% compounded semi-annually?Melinda opened a savings account for her daughter on ? the day she was born, depositing $1,000: Each year on her birthday she deposits another $1,000 making the last deposit on her 21st birthday. The асcount рays 9.5% interest compounded annually. Find the total amount accumulated in the account at the end of the day on the daughters 21st birthday. (answer in whole number)Lyndsay puts $1,000.00 into a savings account that pays 3% interest, compounded annually. As the interest is earned, she leaves it in her account. At the end of the third year, what is her balance? a. $1,030.00 b. $1,090.00 c. $1,095.95 d. $1,092.73
- Eight years after opening her savings account, Macy had $7,880 in the account which earns annual simple interest. If Macy started with $5,000 in her account and did not make any additional deposits or withdrawals, what was the approximate annual interest rate on the savings account? 7.2% 8% 4.5% 19.7%Cathy makes a single deposit into an account earning 2.5% compounded monthly. After five years,, the account contains $3,057.46. How much did she deposit? Show formula and step.Helen contributed $500 at the end of every month for the past 5 years into an RRSP account, earning 3.8% p.a. compounded quarterly. If she leaves the accumulated contributions for another 4 years in the RRSP at the same rate of interest How much will Helen have in total in her RRSP account? How much did she contribute? How much will be the interest?