You put 481 in the bank for 5 years at 12%. If intrest is added at the end of the year, how much will be in the bank at the end of the 5th year?
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You put 481 in the bank for 5 years at 12%. If intrest is added at the end of the year, how much will be in the bank at the end of the 5th year?
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- You put $600 in the bank for 3 years at 15%. 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 third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Use 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 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 annuity
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?You put 250.00 in a bank for 5 years at 12%. If intrest is added at the end of the year, what is the balance at the end of the 5th year?You put 421 in the bank for 5 years at 9%. If intrest is added at the end of the year, how much would you have in the bank at the end of the 5th year?
- You put $859 in the bank for 5 years at 10%. If interest is added at the end of the year, how much will you have in the bank at the end of the fifth year? Round to the nearest penny, two decimal places.If you deposit $500 at the end of each year for the next 5 years in a bank where it will earn 6% interest, how much will you have at the end of 5 years?You invest $10,000 at the end of each 5 years. If i=4%, What is the value of the account at EOY 5? (EOY: End Of Year)
- How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k = 8%?If you deposit $9,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent.Suppose that a person deposits $500 in a savings account at the end of each year, starting now, for the next 12 years. If the bank pays 8% per year, compounded annually, how much money will accumulate by the end of the 12-year period? Repeat Problem for an interest rate of 6.25% per year, compounded annually?
