If you invest $7,000 into a savings account at an annual
interest rate of 8% (APR), compounded semi-annually, how much will
you have in the savings account after 11 years? Enter your response
below (rounded to 2 decimal places).
If you deposit $7,000 into a savings account with an annual
interest rate of 5% annually which is compounded monthly, What
would be the value of the investment after 10 years?
Please show your work.
If you invest $1,000 into a savings account at an annual
interest rate of 3% (APR), compounded semi-annually, how much will
you have in the savings account after 14 years?
An amount of $10,000 is deposited into a savings account that
pays interest at a rate of 7%. If 10 equal annual withdrawals are
made from the account starting one year after the money was
deposited, how much can be withdrawn so that in the fifth year one
would be able to withdraw an additional $1,000 and the account
would be depleted after 10 years?
Explain verbally in detail and sketch a timeline to
illustrate.
26. You can invest in an account that pays simple interest or an
account that pays compound interest. In either case, you plan to
invest $3,900 today and both accounts have an annual interest rate
of 5 percent. How much more interest will you receive in the 11th
year in the account that pays compound interest?
27. You want to buy a house and will need to borrow $240,000.
The interest rate on your loan is 5.71 percent compounded monthly...
"You deposit $32,000 in a savings account that pays a nominal
interest rate of 4.2% compounded monthly. 3 years later, you
deposit $14,000. 3 years after the second deposit, you make another
deposit in the amount of $9,000. 6 years after the third deposit,
half of the accumulated funds are transferred to a fund that pays a
nominal interest rate of 6.9% compounded quarterly. How much total
will you have in the accounts 4 years after the transfer?"
SHOW ALL...
A) Assume that you wish to make annual deposits into a savings
account. The interest rate offered by the bank is 11%, and you plan
to save for the next 12 years. If your goal is for the present
value of your savings to be equal to $4,058, how much money must
you deposit every year?
B) Assume you've just received a bonus at work of $3,812. You
deposit that money in the bank today, where it will earn interest...
Please use excel
If you deposit $5,000 in a savings account that pays 8% annual
interest compounded
monthly,
and make no other deposits to the account, how much will you
have
after 5
years?
$7,449.23
In addition to the $5,000 as specified in the above problem, how
much will you
have at
the end of 5 years if you also deposit an additional $200 at the
end of
each
month for the entire 5 year period?
In addition to the...
Mary made five annual deposits of $8000 in a savings account
that pays interest at a rate of 6% per year. One year after making
the last deposit, the interest rate changed to 15% per year. Five
years after the last deposit, how much accumulated money can she
withdraw from the account?draw the cash flow diagram.