The difference between the future values of a deposit accumulated for 15 years at a rate of 9.5% compounded per annum and the future value of same deposit over the same period at 7.75% compounded quarterly is OR 375. Find the deposit.

Q: 5. $8000 is deposited at a bank account that pays 3% interest compounded monthly. How much will the…

A: Explanation of the answer is as follows

Q: suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every…

A:

Q: suppose $1000 is depsoited by a 20 year old worker in an individual retirement account that pays an…

A: Given that a 20 year old worker deposits $1000 in an individual retirement account that pays…

Q: Suppose $5000 is invested at the interest rate of 6.4% per year compounded quarterly for 3 years.…

A:

Q: Suppose that $1000 is deposited in a savings account that pays 6% per annum, compounded quarterly.…

A: Given: Initial deposit is 1000 dollars i.e. P=1000  dollars Rate of interest per year is 6% i.e.…

Q: 22. Your savings account earns an APR of 2.5% compounded quarterly. Find the APY.

A:

Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

A:

Q: How long does it take to increase 40% of original principal at 4% compounded monthly?

A: Solving the problem by finding the time in years.

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

A:

Q: What is the annual effective interest rate of a loan that is the compounded daily, if the nominal…

A: We know,  effective interest rate = nominal interest ratenumber of compounding period in a year…

Q: Suppose Matt has invested in a mutual fund that is compounded annually at 14.51%. How long will it…

A:

Q: 2. Determine the regular monthly deposit required to accumulate $8 000 in 6 years at an interest…

A: Total amount accumulated Total time  yearsRate of interest compounded monthly

Q: On July 10, Isabella opened a savings account with $900. It earned 3% interest, compounded daily. On…

A: To find out the amount at the end of the day on July 11.

Q: effective interest rate per quarter

A: Effective Rate of interest: This is the total interest urn on Rupee one in a year even though the…

Q: Bianca wants to have Php 60,000 in the future. If she decides to deposi 1000 at the end of every…

A: This is the problem of series and financial math.

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.