Determine how much $1,000 deposited in a savings account paying
8% (compounded annually) will be worth after 5 years.
how would you insert this in a financial calculator? confused on
how to input (FVIF .08,5)
How much money will be in a savings accounts after 5 years if $150 is initially deposited in the account, $150 is deposited each month in the account and interest is compounded continuously at 9% per year?
You just deposited $2,500 in a bank account that pays a 4.0%
nominal interest rate, compounded quarterly. If you also add
another $5,000 to the account one year (4 quarters) from now and
another $7,500 to the account two years (8 quarters) from now, how
much will be in the account three years (12 quarters) from
now?
Group of answer choices
$18,563.53
$17,679.55
$16,035.88
$16,837.67
$15,234.08
You just deposited $3,500 in a bank account that pays a 4.0%
nominal interest rate, compounded quarterly. If you also add
another $5,000 to the account one year (4 quarters) from now and
another $7,500 to the account two years (8 quarters) from now, how
much will be in the account three years (12 quarters) from now?
Lydia saved $1,345,000 for retirement. The money is deposited in
an account earning 3.2% compounded monthly. She is going to
withdraw $5500 per month for living expenses. Create a table
showing how much interest she earns each month and her monthly
balance for the first 5 months of her retirement. Do this by hand
with just the functions of a scientific calculator.
On January 1, $5000 is deposited into a high-interest savings
account that pays 8% interest compounded annually. If all the money
is withdrawn in 5 equal end-of-year sums beginning December 31 of
the first year, how much will each withdrawal be?
Suppose that $6,100 is invested at 4.3% annual interest rate,
compounded monthly. How much money will be in the account in (A) 11
months? (B) 9 years?
(A) Amount after 11 months: $ (Round to the nearest cent)
A principal amount P0 is deposited in a bank account earning 3%
interest compounded monthly. After 20 years there is $1000 in the
account. What was the principal P0?
Suppose you want to buy a house for $300, 000, but you only have
$100,000. You are able to make an investment that pays 7.3% annual
interest. If the interest is compounded continuously, how long will
it take before you can buy your new house?
You are made an offer. You...