Zorbat Wellington deposited $3,489 fifteen years ago into a bank account that paid 9.34% compounded annually. Today, he is planning to make a full withdrawal. How much can Zorbat expect to take home? O $914.14 O $12,000,00 $13,316.41 O $1.025,600.99
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- i Erika opened a savings account today and she immediately put $10,000 into it. She plans to contribute another $20,000 one year from now, and $50,000 two years from now. The savings account pays a 6 percent annual interest rate. If she makes no other deposits or withdrawals, how much will she have in the account 10 years from today? a.$ 8,246.00 b.$116,937.04 c$131,390.46 d.$164,592.62 e.$190,297.04 2/4Nick invested $2,000 in a bank savings account today and another $2000 a year from now. If the bank pays interest of 10 percent per year, how much money will Nick have at the end of five years? $6,149 $5,221 $4,620 $6,442You have collected $8,342 Your banker states that if you deposit these funds in her institution they will accumulate to $16,786 In twelve years. What is the implied rate that she is paying on this deposit? 50% 12% 5% 6%
- Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 7.9%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $11,000 in the account in five years' time? O A. $212 O B. $151 O C. $121 O D. $2423. Jeff has one savings account with the interest rate of 3.3% in a bank. If he deposits 1200 pesos to the savings account, how much money will he have after 6 years? A. PhP 1437.60 C. PhP 1337.60 B. PhP 1237.60 D. PhP 1137.60Jake received $300 for his birthday. He must decide how much of it to save and how much to spend. His bank has a 5% interest rate. How much more money would be in his account after 5 years if he saved $300 than if he saved $250? A. $9528.31 B. $382.88 O C. $319.07 O D. $63.81 O O
- Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 8.9%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $15,000 in the account in two years' time? A. $920 B. $460 C. $575 Your answer is correct. D. $805Today you are opening a savings account and depositing an initial $5,000 into it. You plan to deposit $6,500 into the account two years from today and deposit another $8,000 four years from today. How much will you have in your account five years from today if you earn an 11 percent rate of return? A) $25,314.60 B) $26,194.89 C) $32,858.63 D) $29,602.37 (Please try to explain by using a Financial Calculator)A rich man deposits money at a bank with 8.66% interest compounded annually 13 years ago. After that, he uses this money as his retirement fund, receiving 89,132.55 pesos monthly 200 times at the start of each month. Find the money deposited.OWN WORK PLEASE FOR UPVOTE
- Michelle Payne deposited $16,000 in a savings account paying 6.25% simple interest. How long (in years) will it take for her investment to amount to $28,000? years Need Help? Read ItListen Jabari Williams wants to have $112,000 in his account exactly 20 years from today. The account earns 8 % p.a. If Jabari makes a deposit into the account today and if he makes the exact same deposit into the account every year (with the last deposit made exactly 20 years from today), the size of his equal annual deposit must be at least $ 1) 2.221.21 O2) 2,447.45 O3)2,304.22 4) 2,644.12 5) 2,399.70Michelle Payne deposited $16,000 in a savings account paying 6.25% simple interest. How long (in years) will it take for her investment to amount to $24,000?