If you deposit $10,000 in a bank account that pays 5% interest annually, how much will...

If you deposit $10,000 in a bank account that pays 5% interest annually, how much will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent.

What is the present value of a security that will pay $9,000 in 20 years if securities of equal risk pay 7% annually? Do not round intermediate calculations. Round your answer to the nearest cent.

Your parents will retire in 28 years. They currently have $360,000 saved, and they think they will need $950,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.

You have $37,031.09 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $280,000. You expect to earn 11% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.

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jeff jeffy answered 1 year ago

If you deposit $10,000 in a bank account that pays 6% interest annually, how much will...

If you deposit $10,000 in a bank account that pays 6% interest annually, how much will be in your account after 5 years (to two decimal places)? Answer to the nearest cent xxx.xx and enter without the dollar sign.

If you deposit $10,000 in a bank account that pays 9% interest annually, how much will...

If you deposit $10,000 in a bank account that pays 9% interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent.

1. If you deposit $12,000 in a bank account that pays 9% of interest annually, how...

1. If you deposit $12,000 in a bank account that pays 9% of interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent. 2. What is the present value of a security that will pay $13,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent. 3. Your parents will retire in 27 years. They currently have $400,000 saved, and they think they...

you deposit $500 today in a savings account that pays 6% interest, compounded annually. How much...

you deposit $500 today in a savings account that pays 6% interest, compounded annually. How much will your account be worth at the end of 40 years?

How much will be in an account at the end of 5 years if you deposit $10,000 today at 8.7% annual interest, compounded semi-annually?

Practice Time Value of Money Problems 1. How much will be in an account at the end of 5 years if you deposit $10,000 today at 8.7% annual interest, compounded semi-annually? 2. What is the balance at the end of 10 years if $2.500 is deposited today and the account earns 4% interest annually? What about if it's quarterly interest? Which one should be more and why? 3. Suppose you want to have $500,000 saved by the time you reach 30 years old....

How much should you deposit into a bank account annually in order to buy a property...

How much should you deposit into a bank account annually in order to buy a property that you expect to cost $231400 in 4 years if the account pays 3% annual interest? You are able to deposit $1355 quarterly into a bank account that is paying 14% annually. How much will you be able to accumulate after 8 years? (Express your answer as a positive number and to two decimal places.)

You deposit $600 in an account earning 3% interest compounded annually. How much will you have...

You deposit $600 in an account earning 3% interest compounded annually. How much will you have in the account in 15 years?

You deposit $3000 each year into an account earning 3% interest compounded annually. How much will...

You deposit $3000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years? $

1. If you deposit $8,177 in a bank account that pays 7% interest compounded monthly, how...

1. If you deposit $8,177 in a bank account that pays 7% interest compounded monthly, how much will be in your account after 8 years? Please round your answer to the second decimal without dollar sign (e.g. 0.00) 2. If you deposit your money in a bank account that pays 8.66% interest compounded weakly, what is the effective annual rate (EAR)? Please round your answer to the fourth decimal (e.g. 0.0000) 3. If you plan to apply for a PhD...

Consider a bank account that pays 6% annually with monthly compounding. You made a $1,000 deposit...

Consider a bank account that pays 6% annually with monthly compounding. You made a $1,000 deposit in this account exactly 20 years (240 months) ago. 1）Find the account's current balance in dollars and cents. 2）how much interest-on-interest have you earned? Express your answer in dollars and cents.

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