What is the future value of a deposit of $380 left in an account paying 8% annual interest for 15 years?
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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 annuityDoConsider a $1,000 deposit earning 7 percent interest per year for six years. What is the future value? How much total interest is earned on the original deposit? How much is interest earned on interest?
- What is the future value, after 36 years, of $375 placed in a savings account today that pays interest quarterly, assuming an annual interest rate of 10%?What is the future value of a single $5,000 deposit earning 8 percent interest, compounded monthly, at the end of two years?What is the future value of $2,500 deposited for one year earning a 14 percent interest rate annually?
- If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance after six years? How much interest is earned?What is the future value of $1,000 in five years at 8% interest paid semi annually ? Paid quarterly? How much would you have to deposit today to have $1,000 in 8 years at 6% paid annually? Quarterly? How do you use the tables to calculate this vs calculate .What's the future value of an initial $100 after 3 years if it is invested in an account paying 10% annual interest and compounded annually? How about if the interest is compounded monthly, daily or hourly?
- If you deposit $287.50 into an interest-bearing savings account today, what rate of interest must be compounded annually for it to grow to $650.01 in 14 years?If you deposit $4,600 today into an account earning an annual rate of return of 14 percent, what would your account be worth in 25 years?If you deposit $50,000 in an account that pays an annual interest rate of 10% compounded monthly, what will your account balance be in 11 years?
