At 4% effective annual interest, what is the accumulated amount at the end of ten years...

At 4% effective annual interest, what is the accumulated amount at the end of ten years (Future worth) if $50 is invested at end of each year for ten years?

Expert Solution

interest rate i=4% per year (effective)

annual deposit A = $50

period n = 10 years

future worth at the end of 10 years = 50(F/A,4%,10)

=50(12.00611)

=600.31

Rahul Sunny answered 2 years ago

At 6% effective annual interest, approximately how much will be accumulated in ten years if three...

At 6% effective annual interest, approximately how much will be accumulated in ten years if three payments of $100 are deposited every other year for four years, with the first payment occurring at t = 0? . (A) $180 . (B) $480 . (C) $510 . (D) $540

Find the accumulated value of $4,715 invested for 13 years if the annual effective rate of...

Find the accumulated value of $4,715 invested for 13 years if the annual effective rate of discount is 5% for the first 7 years and a nominal rate of discount of 3.8% per year compounded bi-monthly (i.e., every two months) is used thereafter

find the accumulated value of $100 at the end of two years if thenominal annual...

find the accumulated value of $100 at the end of two years if the nominal annual rate of discount is 7% once every four years

Convert the constant annual effective rate 2.3443% to force of interest δ , determine the accumulated...

Convert the constant annual effective rate 2.3443% to force of interest δ , determine the accumulated amount in your account at 31 December 2020 (ten years in total) according to the following deposit patterns. i) Deposit $5,000 per annum continuously over 10 years. ii) Deposit $5,000 continuously for the first year and keeps increasing by $1000 in the subsequent years until the yearly continuous rate of deposit achieves $9,000, then remains at $9,000 in all the following years. iii) Deposit...

Convert the constant annual effective rate 2.3443% to force of interest δ , determine the accumulated...

Convert the constant annual effective rate 2.3443% to force of interest δ , determine the accumulated amount in your account at 31 December 2020 (ten years in total) according to the following deposit patterns. i) Deposit $5,000 per annum continuously over 10 years. ii) Deposit $5,000 continuously for the first year and keeps increasing by $1000 in the subsequent years until the yearly continuous rate of deposit achieves $9,000, then remains at $9,000 in all the following years. iii) Deposit...

Using the constant annual effective rate 2.3443% , determine the accumulated amount in your account from...

Using the constant annual effective rate 2.3443% , determine the accumulated amount in your account from 1st january 2011 to 31 December 2020 (ten years in total) according to the following deposit patterns. i) Deposit $1,000 at the start of every month. ii) Deposit $1,000 at the start of the first month and keeps increasing by $100 in the subsequent months until the monthly deposit achieves $3,000, then remains at $3,000 in all the following months. iii) Deposit $3,000 at...

Find the accumulated value of $2,560 at the end of twelve years if the nominal interest...

Find the accumulated value of $2,560 at the end of twelve years if the nominal interest rate was 2% convertible monthly for the first three years, the nominal rate of discount was 3% convertible semiannually for the next two years, the nominal rate of interest was 4.2% convertible once every two years for the next four years, and the annual effective rate of discount was 0.058 for the last three years. (Round your answer to the nearest cent.)

Assume a mortgage loan amount of $ 400,000, with annual interest rate 4% and 15 years...

Assume a mortgage loan amount of $ 400,000, with annual interest rate 4% and 15 years term 1. Calculate annual payment amount 2. Calculate monthly payment amount 3. Do you pay more annually or monthly? Why? 4. Prepare a 180 month loan amortization schedule. How much is your total interest payment?

Assume a mortgage loan amount of $ 300,000, with annual interest rate 4% and 5 years...

Assume a mortgage loan amount of $ 300,000, with annual interest rate 4% and 5 years term 1. Calculate annual payment amount 2. Calculate monthly payment amount 3. Do you pay more annually or monthly? Why? 4. Prepare a 60 month loan amortization schedule. How much is your total interest payment?

What interest rate is one earning over ten years if the investment initially is 100$ and you receive 20$ back at the end of ten years?

What interest rate is one earning over ten years if the investment initially is 100$ and you receive 20$ back at the end of ten years?A.6B.8C.7.2D.9.5

Question

At 4% effective annual interest, what is the accumulated amount at the end of ten years...

Solutions

Expert Solution

Related Solutions

At 6% effective annual interest, approximately how much will be accumulated in ten years if three...

Find the accumulated value of $4,715 invested for 13 years if the annual effective rate of...

find the accumulated value of $100 at the end of two years if thenominal annual...

Convert the constant annual effective rate 2.3443% to force of interest δ , determine the accumulated...

Convert the constant annual effective rate 2.3443% to force of interest δ , determine the accumulated...

Using the constant annual effective rate 2.3443% , determine the accumulated amount in your account from...

Find the accumulated value of $2,560 at the end of twelve years if the nominal interest...

Assume a mortgage loan amount of $ 400,000, with annual interest rate 4% and 15 years...

Assume a mortgage loan amount of $ 300,000, with annual interest rate 4% and 5 years...

What interest rate is one earning over ten years if the investment initially is 100$ and you receive 20$ back at the end of ten years?