SR 3,479 was deposited in a savings account that pays 10 percent interest compounded annually. How much will at the end of the 18 -year period, if a withdraw of SR 9 at the end of the year 1,118 was made?

Q: Most people prepare for retirement by depositing money into a monthly or annual savings plan. An…

A: Here, Monthly Deposit is $454 Nominal Interest Rate is 19% Compounding Period is Quarterly i.e 12

Q: 3) $4491 is deposited into a savings account at 4% interest, compounded quarterly. To the nearest…

A: Here, Deposit Amount (PV) is $4491 Interest Rate (r) is 4% Compounding Period (m) is Quarterly i.e.…

Q: Deposits are made at the end of years 1 through 7 into an account paying 6% per year interest. The…

A: Future value  is the worth of any asset or any sum of money at a future date when such asset or…

Q: An amount of money P is deposited in a savings account that pays interest at a rate of r percent per…

A: It is simple formula which compounds the principal amount at number of times in a year. We use this…

Q: A depositor opens a new savings account with 8,000 at 8% compounded semiannually. At the beginning…

A: The concept of time value of money will be applied here. We have to find the amount at the end of…

Q: Suntech Distributors, Inc., deposits $4,000 at the beginning of each 3-month period for 7 years in…

A: Formula: A = P [ 1 + ( r / N )NT ] Interest : Interest is a fee charged on the borrowed amount.

Q: How much interest (in dollars) is earned in 9 years on $8,500 deposited in an account paying 5%…

A: Future value (FV) refers to the amount of money that an investment will be worth at a future point…

Q: An individual deposits $1,397 at the end of each year for 8 years in an account that pays 8.2%…

A: When interest is compounded quarterly and deposits are made quarterly, the future value of an…

Q: Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of…

A: Future Value = Present Value * (1+rate)^n Where, Rate = 9%/2 = 0.045 n = no. of compounding period =…

Q: How much money would be accumulated in15years for a deposit of $15,000 made at the end-ofyear zero…

A: The formula used as follows:

Q: The maturity value of a savings account that belonged to Peach Company was $47,333.50 The interest…

A: Given that: Future value = $47,333.50 Interest rate (First 4 years) = 4% compounded semi annually…

Q: If a deposit of $100 is made on the first day of each month into an account that pays 6% interest…

A: The compounding method is used to determine the future value of cash that is deposited today. Given;…

Q: A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used…

A: The interest rate is 6%, compounded quarterly. The interest rate per quarter will be (6%/4) = 1.5%.…

Q: If $300,000 is deposited at a rate of 12% compounded bimonthly, determine the compounded interest…

A: Note: It has been assumed that bi-monthly means something which has occurred once in two months.…

Q: An engineer deposits $1,000 in a savings account. Four years after the deposit, half of the account…

A: Future value of Annuity: It represents the future worth of the investment annuity cash flows.…

Q: How much interest (in dollars) is earned in 7 years on $8,800 deposited in an account paying 7%…

A: To solve this problem, we can use the formula for compound interest: A = P(1 + r/n)^(nt) where: A…

Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…

A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58

Q: A regular deposit of $120 is made at the beginning of each year for 20 years. Simple interest is…

A: Simple interest is the interest paid or computed only on the principal amount of money. It odes not…

Q: Consider a $1,800 deposit earning 10 percent interest per year for 7 years. How much total interest…

A: Interest on interest is that under which is earned by the investor on his interest earned amount…

Q: If the interest is deposited into a non interest bearing account B, what is the balance in account B…

A: The first investment is effectively a payout annuity where the interest amount is withdrawn each…

Q: Certain Concrete Company deposits $2,000 at the end of each quarter into an account paying 5%…

A: Time Value of Money refers to the concept that states that the cash flow in hand today has more…

Q: A 10,000 loan is paid off over 10 years; interest is 6 percent effective. The borrower uses a…

A: Sinking funds are funds which are set aside for the repayment of a particular debt or loan.

Q: Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5%…

A: A savings account is a deposit account opened with banks and other financial institutions. The…

Q: You invest $3,000 in a Certificate of Deposit paying an annual compound interest of 1.26% for 10…

A: Principal amount, P = $3,000  Interest rate, r = 1.26%  Number of compounding periods, n = 10    The…

Q: Anna places $384 each quarter into an account that earns. If the account earns 1.41% interest…

A: Given data; Quarterly payment = $384 interest rate = 1.41% number of years = 7 Compounding frequency…

Q: $30,000 is deposited in an account in which it earns 10% interest compounded annually. No principal…

A: Interest is defined as the payment from the deposit taking or the borrower's financial institution…

Q: If, starting one year from today, 12 equal annual deposits of $2,500 are made into an account…

A: Annual deposit (P) = $ 2500 Annual interest rate (R) = 0% Number of annual deposit (N) = 12

Q: $30,624 is put into an empty savings account with a nominal interest rate of 0.1. No other…

A: Initial amount (P) = $30624 Interest rate = 0.1 = 10% per annum = 5% semiannually n = 10 years = 20…

Q: Twenty-five thousand dollars is deposited in a bank trust account that pays 3% interest, compounded…

A: Formula to calculate annual withdrawal is: W = A(F/A, i, n)

Q: 100 is deposited into an account at the end of each 3-year period for 36 years. The accumulated…

A: Annual effective rate is the real rate at which the money deposited grows.

Q: Mark Welsch deposits $7,300 in an account that earns Interest at an annual rate of 8%, compounded…

A: Compound = Quarterly = 4Present Value = pv = $7300Interest rate = r = 8 / 4 = 2%Time = t = 1 * 4 = 4

Q: What is the amount of five equal annual deposits that can provide five annual withdrawals, where a…

A: First withdrawal of $1500 is made at the end of year six and subsequent withdrawals increase at $100…

Q: At the start of this year, $10,000 was deposited into an account that earns an effective annual…

A: The FV of the payment series refers to the value of the cash flows at a fixed future date assuming…

Q: You invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for…

A: Formula: A = P ( 1 + ( R / N )NT ) P = Principal R = Rate of interest N = Number of times…

Q: monthly compounding, how much will be collected after 5 years

A: Maturity value = Principal * (1 + Interest rate/Frequency of compounding in a year)(Number of years…

Q: You decide to deposit $126 monthly in a 3.2% annual interest bearing account over the next 18 years.…

A: The future value of annuity is used to determine the value of a series of payments in future at a…

Q: How much must be deposited today into an account earning 3% interest annually to support an annual…

A: Information Provided: Interest rate = 3% Annual withdrawal = $1800

Q: The value of the account after 10 years is: -$ 31,874.85 $ 114,549.99 - $ 114,549.99 $31,874.85

A: Information Provided: Annual deposits = $2000 Interest rate = 10.00% compounded annually Years = 10…