Suppose that you deposited $1,000 in a savings account at the beginning of a year where the annual interest rate is 18%, for each month the annual effective rate is: Select one: a. $1195,61 b. $11561.5 c. %19.561 d. $19561.5

Q: .If $1000 is deposited at 12.5% p.a. for one year, what is the effective annual interest rate if…

A: Given, The amount deposited is $1000 The annual rate is 12.5%

Q: Question 3: Suppose you make $100 quarterly deposits to your saving account which earns an interest…

A: Quarterly deposit (q) = $100 Number of deposits (n) = 12 (i.e. 3 years * 4) Interest rate = 0.15…

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: Assume $300 is deposited every three years into an account earning an annual effective interest rate…

A: A sum of money is worth more now than it will be at a later time due to its potential for profits in…

Q: Forty eight monthly deposits are made into an account paying 6% nominal interest per year compounded…

A: Amount of each deposit = M Number of deposits (n) = 48 r = 6% per annum = 0.5% per month Accumulated…

Q: You wish to accumulate $60,000.  You make 14 quarterly deposits into a savings account with an…

A: Amount required (F) = $60,000Number of deposits (n) = 14Quarterly interest rate (r) = 0.12Amount of…

Q: Find the interest earned on an investment of $10,000 into a money market account that pays a simple…

A: Investments are made to earn interest income. The interest may be earned by way of simple interest…

Q: Use Table 12-1 of your text to find the future value of $1,600 deposited at the beginning of every…

A: FV of annuity due=(Pmt*((1+r)n-1)/r) *(1+r)

Q: Assuming a 360-day year, when a $9,300, 90-day, 6% interest-bearing note payable matures, total…

A: Note payables means an instrument acknowledging the debt due from company to outsider after certain…

Q: Robert deposit $5000 into an account paying simple interest at a rate of 2.5%. A. Give the future…

A: The formula to calcuate simple interest is  P*r*t Where P is the amount deposited  r is the interest…

Q: ying a ye er 10 yea 30.000?

A: Formula to calculate the present value or the amount to be deposited today is: P = A/(1+i)^n Where P…

Q: Suppose you deposit $4,000 into a savings account that earns 5.4% APR compounded monthly. Find the…

A: The real interest that an investor earns on the investment and a borrower pays on the loan after…

Q: Felipe Rivera's savings account has a balance of $3901. After 3 years what will the amour of…

A: Given information: Savings account balance of $3,901 Interest rate is 1.9% compounded quarterly…

Q: A given account accrues two kinds of deposits for a period of 7 years. One is a leveled deposit of…

A: Deposit account is a financial service offered by banks and other financial institutions to their…

Q: Determine the interest rate earned on a $1,500 deposit when $1,680 is paid back in one year.

A: Details given are : Present value of deposit = $1500 Future value of deposit = $1680 Time period = 1…

Q: Calculate the accumulated value of monthly payments of $100.00 made at the end of each month for ten…

A: The regular fixed periodic payments made either at the end or at the beginning of each interval are…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Data given: Principal: $6500Rate: 7%Compounded: quarterlyTime: 4 years

Q: You made an investment of $8,500 into an account that paid you an annual interest rate of 4.2…

A: Given information: Initial value of investment (V0) = $8,500 Annual interest rate for first "eight"…

Q: Assuming a 360-day year, the interest charged by the bank, at the rate of 7%, on a 90-day,…

A: Given that: Note payable = $124800 Interest rate = 7% Period = 90 days

Q: how many years will it take $18939accumulate to $34247 when you deposited in a savings account that…

A: Future value of amount increases with interest and with increase in time period and also it depends…

Q: Use the formula P = 1+ A nt 1 to determine the periodic deposit. Periodic Deposit Rate Time…

A: Number of years = 8Interest rate = 10% compounded semi-annuallyFinancial goal = $350,000To find:…

Q: If you wish to accumulate $246,000 in 17 years, how much must you deposit today in an account that…

A: Future Value = fv = $246,000Time = t = 17Interest rate = r = 15%

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 should be on the account today in order for annually withdrawals of $100.00 to be…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: Assuming that four annual deposits of ($1000) are occurred but the first payment deposit at end of…

A: The annual payments are going to occur will be equivalent to the future value of annual payment that…

Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

A: We need to use compound interest formula to calculate account balance after 6 years A=P(1+i)n where…

Q: You deposit $100, $150, & $200 in a bank account at the end of years 1,2,& 3 and earn 7% interest.…

A: Solution:- Present value means value in today’s terms by discounting it back at the given interest…

Q: Assuming a 360-day year, when a $17,100, 90-day, 8% interest-bearing note payable matures, total…

A: The note payable is issued to creditor as a promise to pay in future.

Q: 1. Assuming that you deposited $100 today in a bank at 6 percent annual interest rate. After four…

A: The objective of the question is to calculate the future value of a single sum of money invested…

Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…

A: Present Value is referred to as the current value of future sum of the funds or the cash flows…

Q: How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000…

A: Compounding interest the interest you earn interest on interest amount.

Q: What nominal rate of interest, compounded quarterly

A: To calculate the nominal rate of interest compounded quarterly over the first ten years, we need to…

Q: The market compensates investors for accepting which type(s) of risk? O None of the listed…

A: Risk refers to the level of uncertainty in returns that an investor expects while making…