You invested $5,000 today. You will earn 8% interest. How much will you have in 4 years?
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- A man wants to invest $10,000 at 3.5% interest. How much will he have in his account in 7 years and three months?Suppose you plan to invest $20000 in an account paying 8% interest per annum. How much will you have in the account in 15years? Suppose that you invest $20000 in an account paying 8% interest per annum. You plan to withdraw $2000 at the end of each year for 15 years. How much money will be left in the account after 15years?Suppose that you invest $20 000 in an account paying 8% interest. You plan to withdraw $2000 at the end of each year for 15 years. How much money will be left in the account after 15 years?
- Suppose you want to have $700,000 for retirement in 35 years. Your account earns 9% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?Suppose you invest $3,500 today, compounded monthly, with an annual interest rate of 8.50%. What amount of interest will you earn in one year?If you invest $3500 for 6 months in an account that earns 8.25% annually, how much interest will you earn? Please understand in detail
- Suppose you want to have $700,000 for retirement in 30 years. Your account earns 10% interest. a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $ esIf you deposit $100 today and $200 in two years in an account that earns 10% annual interest, how much would you have after 10 years? * I assume the question to be simple interest?You have $300 to invest. If you put the money into an account earning 13% interest compounded annually, how much money will you have in 8 years
- You currently have $10,000 in your bank account. You will invest this $10,000 and $750 every quarter (every 3 months) for the next 15 years. What is your annual rate of return if you have $450,000 at the end of 15 years from today? O 26.84% 19.96% 25.13% O 37.59%How much will you have in 40 years if you save $3,000 each year and your account earns 8% interest each year?Suppose you invest $1,100 in an account paying 5% interest per year. What is the balance in the account after 4 years? How much of this balance corresponds to "interest on interest"? What is the balance in the account after 30 years? How much of this balance corresponds to "interest on interest"? (Round to the nearest cent.)