You already have $54,700 in your savings account that earns 3.50% compounded annually. You will contribute an additional $2,820 to the account at the start of every quarter. How much will you have in the account in 45 months? Round final dollar answer to 2 decimal places. Mode N = %3D I/Y = P/Y = C/Y = PV = PMT = 2,820 FV = How much is the interest?

You already have $54,700 in your savings account that earns 3.50% compounded annually. You will contribute an additional $2,820 to the account at the start of every quarter. How much will you have in the account in 45 months? Round final dollar answer to 2 decimal places. Mode N = %3D I/Y = P/Y = C/Y = PV = PMT = 2,820 FV = How much is the interest?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

You expect to save $1,000 at the end of every year for 8 years. During the first 3 years, your savings will earn 4%, compounded semi-annually. During the last 5 years, your savings will earn 5%, compounded monthly. How much money will you have after 8 years? Round to the nearest dollar. Select one: a. $9,412 b. $9,546 c. $8,661 d. $9,876
An amount of $3,620 is deposited into an account earning 5% interest compounded quarterly. How much will be in the account in 11 years and 9 months? Round the answer to the nearest cent. P/Y = PV = I C/Y = PMT = 0 N = FV = I/Y =
In how many years will it take $17596accumulate to $31237 when you deposited in a savings account that earns 3.3 % compounded annually?
FlybynightSavings.com is offering a savings account that pays 32% compounded continuously. How much interest would a deposit of $4,000 earn over 5 years? (Round your answer to the nearest cent.) $= What is the annually compounded interest rate (in percent) that would correspond to this investment? (Round your answer to two decimal places.) %
If you leave $5500 in an account earning 9% interest, compounded daily, how much money will be in the account after 2 years? (Round your answer to two decimal places.)
You are opening an investment account that will earn 6.5% compounded annually. You will invest $1,000 one year from today, $800 two years from today, and 1,200 three years from today. What will the value of your account be 4 years from today? 3.586 3,393 3,422 3,242 3,518
If you deposit RM5,072 in an account earning 9%, how much would you have in the account after 15 years? Select one: a. RM18,474.76 b. RM17,869.90 c. RM12,879.67 d. RM23,456.89
Your savings account pays 6% annually. Assuming this interest rate remains constant, how much do you need to deposit in your savings account today to accumulate $200 in 4 years? Round to the nearest cent. O A. $164.17 O B. $158.42 OC. $172.38 O D. $186.81
Solve the problem. Round to the nearest cent. A=P1+rnnt P=A1+rnnt A=Pert Y=1+rnn−1 How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $4,000 in 4years?
If you deposit RM3,305 in an account earning 12%, how much would you have in the account after 15 years? Select one: a. RM18,090 b. RM23,456 c. RM12,879 d. RM17,869
Calculate compound interest and effective rateSuppose $ 2,000 is deposited into a savings and loan account that pays 7.5% interest compounded semi-annually. Use compound interest to calculate the following:a. How much money will you have saved after 2 years?b. How much will be owed after 2 years?
8. Jamie wants to buy a computer that will cost $1200 one year from now. How much should he deposit at the end of each month in an account that pays 7.35% per annum, compounded monthly? N 1% PV PMT- FV P/Y C/Y Answer=

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