You deposited $15,000 in an account 22 years ago, and now the account has $50,000 in it. What was the annual rate of return that you received on this investment?
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- Suppose you invest $103 nin a bank account, and five years later it has grown to $137.91. a. What APR did you receive, if the interest was compounded semiannually? b. What APR did you receive if the interest was compounded monthly?Suppose you have $1500 in your savings account at the end of a certain period of time. You invested $1100 at a 5.37% simple annual interest rate. How long, in years, was your money invested?Suppose you invest $100 in a bank account, and five years later it has grown to $134.39. What APR did you receive if the interest was compounded semiannually? What APR did you receive if the interest was compounded monthly
- Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns 14.00%. How much will the account be worth 14.00 years from today?Suppose you have $1700 in your savings account at the end of a certain period of time. You invested $1100 at a 4.95% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year.Suppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The account earned _% per year
- If you put $200,000 into your investment account now for 10 year at 5% annual interest, what is the difference in interest income between simple interest calculation and compound interest calculation? use Excel for calculation.Suppose you deposit $1,093.00 into an account 4.00 years from today that earns 11.00% . It will be worth $1,622.00 years from today.You started an investment account 10 years ago with $2100, and it now has grown to $8900. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the investment account earns 11% per year from now on, what will the account's value be ten years from now? a. The annual rate of return is%. (Round to two decimal places.) View an example Get more help - Clear all
- You make an investment into a money market account at time T=0. In year T=5, the value of the money market account will be $5,000. The money market account pays an annual interest of R=6%, and interest is compounded on a quarterly basis. What is the present value of this account?Suppose you invest $1,000 today, compounded quarterly, with the annual interest rate of 8.00%. What is your investment worth in one year?You were saving your money in an account that requires interest continuou at a rate of 6.25%. You invested $12,000. part A: identify the values for the variables, in write an equation that can be used to find the amount of money and they count after a certain number of years, T. part B: approximately how much money will be in the account after two years, show your work. part C: