Sofia plans to save for next two years. She plans to put away $1000 every 6 months starting 6 months from now. What will be the value of her savings after two years if her savings accounts earns at a rate of 8% compounded semi- annually?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuitySabrina plans to save for next two years. She plans to put away $1000 every 6 months starting 6 months from now. What will be the value of her savings after two years if her savings account earns at a rate of 8% compounded semi-annually? A) $4000 B) $4246.46 C) $2080 D) $6414.51Please help me answer the following time value of money question. How much will be in Sarah’s account in 10 years if she deposits $5000 in an account that pays 10% interest per year, compounded semi-annually?
- Christine would like to know the value of their savings, assuming that they deposit $750 each month and steadily increase the size of their deposit by 3.00% csa for 25 years, and earn an annual return of 7.25% ca. What is the present value of this stream of deposits?Amahle would like to save $5,750 at the end of every month for the next 5.5 years in a savings account earning 5.8% compounded monthly. a) What would be the accumulated value of the investment at the end of the term? b) What would be the amount of interest earned? TVM SolverIf you open a savings account that earns 6.5%simple interest per year, what is the minimum number of years you must wait to triple your balance?Suppose you open another account that earns 6%interest compounded yearly. How many years will ittake now to triple your balance?
- If you open a savings account that earns 6.5% simple interest per year, what is the minimum num-ber of years you must wait to triple your balance? Suppose you open another account that earns 6%interest compounded yearly. How many years will ittake now to triple your balance?Suppose that you vow to save $650 a month for the next 6 years, with your first deposit one month from today. If your savings earn 12.05% pa and interest is calculated monthly, determine the total in your account at the end of the 6 years. Give your answer to the nearest penny.Karen wants to have $22,559 in her investment account in 5 years. If her bank offers an annual compound interest rate of 1.2% with monthly compounding, how much should she deposit today? Round your answer to the nearest dollar.
- In 6 years Dawn wants her current savings of $3700 to grow to $7300? What per annum rate, compounded annually, would her savings need to earn?Susan plans to make an investment today which promises to return to her $3,000 each year for ten (10) years beginning one year from today. The investment account will earn 6% compounded annually. At the end of ten years, the investment account balance will be zero.Question: Rounding to the nearest whole dollar, what should be the amount of Susan's original investment?what effective annual rate of return would rayne need to earn if she deposits 1,000 per month into an account beginning one month from today in order to have a total of 1000000 in 30 years?