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In: Accounting
Bob deposits $11000 at the beginning of each year for six years in a fund earning...
Bob deposits $11000 at the beginning of each year for six years in a fund earning an effective annual rate of 6.7%. The interest from this fund can only be reinvested at an effective annual rate of 2.1%. Find the accumulated value of Bob’s investment at the end of thirteen years. Round your answer to the nearest cent.
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ekkarill92 answered 2 years agoRelated Solutions
Bob deposits $1,500 at the beginning of each quarter for sixteen years in a fund earning...
Bob deposits $1,500 at the beginning of each quarter for sixteen
years in a fund earning a nominal rate of interest of 6%
convertible monthly. The interest from this fund is paid out
monthly and can only be reinvested at an effective annual rate of
5.2%. Find Bob’s yield rate for the twenty-year period.
Milo deposits $500 at the beginning of each year for 2 years into a fund that...
Milo deposits $500 at the beginning of each year for 2 years
into a fund that earns 8% annual effective. Half of the interest is
reinvested at 10% annual effective and the remaining half is
reinvested in Milo’s pocket (at 0%). Calculate the accumulated
value in all three accounts in 10 years.
No excel solution please
14. John deposits $500 at the beginning of each year for 2 years into a fund...
14. John deposits $500 at the beginning of each year for 2 years
into a fund that earns 8% annual effective. Half of the interest is
reinvested at 10% annual effective and the remaining half is
reinvested in John's pocket which will earn 0% interest. Calculate
the accumulated value in all accounts after 10 years has
passed.
Jake deposits 5000 at the end of each year in an investment fund earning an annual...
Jake deposits 5000 at the end of each year in an investment fund
earning an annual effective interest rate of 11.6%. The interest
from this investment fund is paid at the end of each year into a
savings account which earns an annual effective interest rate of
2.1%.
Find Jake's combined total accumulated value at the end of 16
years.
Jake deposits 5000 at the end of each year in an investment fund earning an annual...
Jake deposits 5000 at the end of each year in an investment fund
earning an annual effective interest rate of 11.6%. The interest
from this investment fund is paid at the end of each year into a
savings account which earns an annual effective interest rate of
2.1%.
Find Jake's combined total accumulated value at the end of 16
years.
Nataya makes monthly deposits into Fund A at the beginning of each month for 25 years....
Nataya makes monthly deposits into Fund A at the beginning of
each month for 25 years. Her first deposit is
$40, and each subsequent deposit increases by $10. Aarif
contributes $250,000 once, today, into Fund B. The
nominal rate that both of these funds earn is 6% per year. However,
Fund A compounds interest monthly
and Fund B compounds interest quarterly. What is the difference in
the balance between these two funds at
the end of 25 years?
Emily deposits $150 at the beginning of each quarter into an account earning 6.7% for 25...
Emily deposits $150 at the beginning of each quarter into an
account earning 6.7% for 25 years. How much money will she have at
the end of those 25 years?
1.Deposits of $1000 are made at the beginning of each year for three years. The balance...
1.Deposits of $1000 are made at the beginning of each year for
three years. The balance at the end of each year (before the
deposit for the next year) was $1100, $2000, and $3400,
respectively. Find the time-weighted yield rate.
2. A 10,000 par value 10-year bond with 8% annual coupons is
bought at a premium to yield an annual effective rate of 6%.
Calculate the interest portion of the 7th coupon.
Quarterly deposits are made into a fund at the beginning of each quarter starting today for...
Quarterly deposits are made into a fund at the beginning of each
quarter starting today for 5 years. The first 8 deposits are $1000
each and deposits increase by 1% per quarter thereafter. If the
fund earns 8% effective annually, find the accumulated value at the
end of 5 years.
Please explain which equations you used and do not use
excel.
$2,000 are deposited into a fund at the beginning of each year for 20 years. Starting...
$2,000 are deposited into a fund at the beginning of each year
for 20 years. Starting from the beginning of the 26th year, the
balance can support annual payment D lasting forever. Find D if the
nominal interest rate compounded continuously is 8%.
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