Question

You deposit $740 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years?

Answer #1

Stephanie deposits $1819 at the end of each quarter, increasing
the deposit by $149 per quarter. How much will Stephanie have at
the end of 3 years if the bank pays a nominal annual rate of 6%
compounded quarterly?

13. You deposit $100 at the end of each quarter in an account
that pays 6% interest compounded quarterly. Find the balance in the
account after 20 years, in correct units and rounded appropriately.
How much of this balance is principal and how much is interest?
Please spell these words correctly!

Question No : 3
If you deposit 10 $ in an account, that pays 5% interest,
compounded annually, how much you will have at the end of 10 years?
50 years and 100 years
How much will be in account at the end of 5 years the amount
deposited today is 10,000 and interest is 8% per year, compounded
semiannually?
How much would I have to deposit in an account today that pays
12% interest, compounded quarterly, so that I...

You deposit $1000 at the end of each month in an account that
pays a 3% interest rate compounded monthly.
1. How much will be in the account after 10 years? 2. What was
your total contributions? 3. How much interest did you earn?
Please print clearly. thanks!

1) Lauren plans to deposit $200 per month into an account at the
end of each month for the next 15 years. If her back pays interest
at the rate of 2.5% per year compounded monthly, how much will
Lauren have in her account at the end of 15 years?
2) Jim makes monthly payments of $800 into a retirement account
for ten years. If the account pays 8% compounded monthly, how much
will be in the account at the...

Suppose on January 1 you deposit $1000 in an account that pays
a nominal, or quoted, interest rate of 12%, with interest added
(compounded) daily. How much will you have in your account on
October 1, or 9 months later?
You want to buy a car, and a local bank will lend you $10,000.
The loan would be fully amortized over 6 years (72 months), and the
nominal interest rate would be 10%, with interest paid monthly.
What is the...

Suppose you decide to deposit $16,000 into a savings account
that pays a nominal rate of 7.80%, but interest is compounded
daily. Based on a 365-day year, how much would you have in your
account after six months? (Hint: To calculate the number of days,
divide the number of months by 12 and multiply by 365.)
$16,304.43
$16,470.80
$16,637.17
$16,969.91

You have some money on deposit in a bank account which pays a
nominal APR (or quoted) rate of 8.0944 percent, but with interest
compounded daily (using a 365 day year). Your friend owns a
security which calls for the payment of $10,000 after 27 months.
Your friend's security is just as safe as your bank deposit, and
your friend offers to sell it to you for $8,000 today. If you buy
the security, by how much will the effective...

1.)
How much should you deposit at the end of each month into an
investment account that pays 8.5% compounded monthly to have 1
million when you retire in 35 years?
2.) How much of that 1 million comes from interest?

If you deposit $1000 per month into an investment account that
pays interest at a rate of 6% per year, compounded quarterly, how
much will be in the account at the end of 5 years?
a) Solve the question under the assumption that there is no
inter-period compounding.
b) Solve the question under the assumption that there is
inter-period compounding.

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