You deposit $3375 today in a savings account that pays 6.25% interest, compounded annually. How much will your account be worth at the s 26 years? O a. $17,344 O b.518,428 Oc. $17,873 O d. $16,757 Oe. $16,324
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- QUESTION 4 For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays 3,75% interest compounded quarterly. What is the future value of this series? a. 93,585.77 O b. 149,891.29 O c. 72796.45 O d. 436,228.07Question 7 of 10 > Every year you deposit $3,400 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 20th deposit? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. Choose the correct answer below O A. $79,464 O B. $68,000 OC. $82,611 OD. $51,438 O E $84,263QUESTION 5 Katharine Bartle will receive an annuity of $4,090.00 every month for 23 years. How much is this cash flow worth to them today if the payments begin today? Assume a discount rate of 5.00%. Oa. $55,398.13 b. $2,119,880.47 c. $672,837.73 Od. $170,156.69
- Question 14 Suppose for an annuity due, you want to have $30,000 in the bank after 20 years. Assuming you make deposits at the beginning of each year at an interest rate of 4%, how much would you have to deposit at the start of each year, assuming that each deposit is the same amount? A) s968.70 B $816.22 $625.00 $737.24QUESTION 8 Every year for 10 years starting year 2, you deposit $2000 in a savings account that earns 7% yearly. What is the present value of this series? 36,436.26 O 7,023.58 O 70,893.54 O 13,128.19QUESTION 9 Norbert Chapa is saving for retirement by putting away $6,090.00 every day for 6 years. How much is this investment worth at the end of 6 years if payments begin today" Assume an interest rate of 1.00%. Oa. $35,295.42 b. $12,945,053.24 Oc. $13,745,519.33 O d. $37,466.80
- Question 15 What is the present value of your investment if you deposited $100.00 into your bank account at the beginning of each quarter for 10 years if the bank pays interest is 6% compounded semi-annually? a. $2,854.90 b. $3,036.46 c. $1,628.23 d. $3042.28 e. $900.17un.4 How much will you have to deposit into an account at the beginning of every 3 months for 20 years if you want to have a balance of $100 000 and interest is 8% compounded quarterly? a $506 b $516 c $524 d $520QUESTION 1 Considering the following scenario. In years 0, 2, 4, 6, and 8, you deposit $750 in your savings account. The saving account earns 4.25% compounded anbually. What is the future value in year 10? 4,847.22 5,411.56 3,579.94 6,411.56
- Question 3 Kamal deposits 1207 $ in a bank, if the interest rate is 23.3 % per year compounded monthly, find the net profit after 4 years. 0 oHow much money do you need to deposit in a bank account now so that you can withdraw $10,000 every 6 years forever if the interest rate is 6% per year, and the first withdrawal is scheduled 6 years from now? O a. $23,146 O b. $33,146 O c. $27,022 d. $23,894 e. $162,133Question 11 You deposit $5000 each year into your retirement account, starting in one year. If these funds earn an average of 5% per year over the 27 years until your retirement, what will be the value of your retirement account upon retirement? Your Answer: Answer