What would be the yearly earnings for a person with $3,500 in savings at an annual interest rate of 4.8 percent?
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- what;s the present value of perpetuity that pays % 1, 563 per year if the appropriate interest rate is 6.8% ?What is the EAR of this financial accounting question?Consider 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 present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%?What is the present value of a perpetuity that pays $50 annually and has an annual rate of return of 17%? note: round and show your answer to the nearest dollar.If you deposit money today in an account that pays 3.4% annual interest, how long will it take to double your money?
- What is the amount of an annuity that consists of 100 monthly payments of $250 into an account that pays 5% annual interest compounded monthly? Answer rounded to the nearest penny.Suppose you purchased an annuity that pays $200 at the beginning of each year for 3 years. The interest rate is 4.4%. What is the present value of the annuity?If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 40 years?$__________(Round to the nearest cent.)
- Need help with this general accounting questionWhat 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%?Suppose you have accumulated $22,000 in credit card debt. If the interest rate on the credit card is 22.7% APR compounded monthly, how many years will it take you to pay off this debt if you pay $500 per month?