Q: You deposit $5000 in an account earning 2% interest compounded monthly. How much will you have in…
A: Deposit (P) = $ 5000 Interest rate = 2% Monthly interest rate (r) = 2%/12 = 0.166666666666667%…
Q: You deposit $5000 each year into an account earning 3% interest compounded annually. How much will…
A:
Q: You make two annual payments of $2,000 each (the first payment is made one year from today) into a…
A: Number of annual payments (N) = 2 Payment = 2000 Interest rate = 10%
Q: You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much…
A: Deposit amount = $ 500 Annual interest rate = 6% Period = 40 Years
Q: You have $300 to invest. If you put the money into an account earning 13% Interest compounded…
A: Following details are given in the question : Present value = 300 Time period = 8 years Interest…
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Future value of any deposits made is equivalent to the compounded value of deposits made for all the…
Q: You deposit $5,000 at the end of every year for three years. How much will accumulate in three years…
A: Future value:The future value is value of present amount compounded at an interest rate until a…
Q: You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in…
A: Given information ; P = 4000 r = 8% or 0.08 Compounded monthly so n = 12 t = 15 years
Q: You deposit $10,000 in a bank that pays an annual interest rate of 6% compounded quarterly how much…
A: We need to use compound interest formula for calculation of amount after 5 years A=P(1+r)n Where…
Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…
A: Future value of a value is the amount which the grow from the principal amount to future amount with…
Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Future Value is the compounding of present value at the specified rate of interest.
Q: You deposit $4000 each year into an account earning 4% interest compounded annually. How much will…
A: Future value of annuity = Annual payment x [(1 + i)n - 1]/i i = Interest rate n = number of years
Q: you are paying into an investment account that pays 8% compounded annually. If you are making…
A: In the given question we require to calculate the future value from the following details: Interest…
Q: If you deposit $8700 today in an account that pays 8.5% per year, compounded quarterly, how much…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…
A: We can use the concept of time value of money. As per this concept when finding the present value of…
Q: If you deposit $6800 today in an account that pays 5.0% per year, compounded quarterly, how much…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: You invest $10,000 in an account which pays 3% compounded monthly. How much is in the account after…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi-weekly (every two…
A: Amount borrowed= $1,000,000 Rate= 3% compounded semi-annually Time (n)= Bi weekly over 25 years
Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi- weekly (every two…
A: There are two methods to charge interest on the loan taken. One is the simple interest method and…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…
A: A deposit annually is rewarded by an interest annually that make a huge amount at the end of…
Q: You have just deposited $9,500 into an account that promises to pay you an annual interest rate of…
A: GOAL (FV) 27940 INTEREST RATE 6.20% YEARS 8+12=20 PMT 0 PV 9500
Q: You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years.…
A: The question gives the following information:
Q: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…
A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10
Q: You deposit $825 today in a savings account that pays 3.5% interest, compounded annually. How much…
A: Future value is the value of current value at a specified interest rate for given period. The…
Q: You put $1,000 into a savings account today that offers a 5% APR with semi-annual compounding (i.e.,…
A: Compound the money invested provides the future value of an investment.
Q: If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much would be…
A: Future value of a lumpsum deposited today can be calculated using the future value…
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Ordinary Annuity is way of payment where payment happens at the end of each period.
Q: You deposit $10,000 in an account earning 4% interest compounded monthly. a. How much will you have…
A: Compound Interest is the interest on a deposit or loan calculated on the initial principal and the…
Q: You deposit $5000 at the beginning of each year into an account earning 3% interest compounded…
A: Introduction: Annuity Due: It refers to the series or stream of equal payments made at the beginning…
Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…
A: When a principal amount grows with interest over a time period, it is known as the future value.…
Q: You make deposits of $300 each year for the next 17 years at 5 % compounded annually. How much is in…
A: Annual deposit (P) = $300 Interest rate (r) = 5% Period (n) = 17 Years
Q: You deposit $5000 each year into an account earning 6.8% interest. How much will you have in the…
A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years
Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…
A: given PMT = 4000 n= 20 years i=8% FV = ?
Q: You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding…
A: GIVEN, PV = $1000 N = 2 M = 2 (SEMI ANNUAL) R=55%
Q: You deposit $400 each month into an account earning 3% interest compounded monthly. Round to the…
A: Monthly deposit (m) = $400 Monthly interest rate (r) = 0.0025 (i.e. 0.03 / 12) Monthly period (p) =…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: Annuity payments: It refers to the fixed payment made in series or equal time intervals. Example:…
Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…
A: Annual deposit (P) = $ 3000 Annual interest rate(R) = 2% Period (N) = 35 Years
Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in 15…
A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…
Q: You deposit $6000 in an account earnings 7% interest compounded monthly. How much you will you have…
A: future value formula: future value = present value×1+RMM×N where, R=rate M=frequency
Q: You deposit $6000 in an account earning 4% interest compounded monthly. How much will you have in…
A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per period i.e. 4%/12 =0.333%n =…
Q: You deposit $300 each month into an account earning 3% interest compounded monthly. a) How much will…
A: Monthly deposit (P) = $300 Interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25% Period = 15…
Q: You deposit $6000 in an account earning 2% interest compounded monthly. How much will you have in…
A: FV is the future worth of cash flow that have occurred in the past or present.
Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…
A: Given:Deposit amount=$3000Rate=3% interest compounded monthly.To compute:Amount in account after 15…
Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…
A: Present value is $3,000. This amount earns interest at 3% interest rate that compounds monthly.…
Q: You deposit $4000 in an account earning 2% interest compounded daily. How much will you have in the…
A: Given, Deposit amount = $4000 Interest rate = 2% Compounding = Daily
Q: You
A: An annuity refers to a series of payments made at regular interval of time.
Q: You deposit $2000 in an account earning 8% interest, compounded quarterly. How much will you have in…
A: Principle P :- $2000 Time t :- 11 years Rate of interest r = 8% Compounded quaterly No. of intervals…
Q: The amount a person would have to deposit today to be able to take out $600 a year for 10 years from…
A: Amount need to deposit today = $ 4,026.05
Q: You deposit $6000 in an account earning 6% interest compounded monthly. How much will you have in…
A: Computation as follows:
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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 annuityUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- Calculating interest earned and future value of savings account. If you put 6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?You deposit $1000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 30 years?
- You deposit $4000 at the beginning of each year into an account earning 5% interest compounded annually. How much will you have in the account in 30 years?You deposit $300 in an account earning 6% interest compounded annually. How much will you have in the account in 10 years?You deposit 200$ each month into an account earning 8% interest compounded monthly. Round to the nearest vent as needed. How much will you have in the account in 25 years? How much total money will you put into the account? How much total interest will you earn?