Question

9. Five deposits, $15,000, $14,000, $13,000, $12,000, and $12,000, respectively. $11,000 is made on an account...

9. Five deposits, $15,000, $14,000, $13,000, $12,000, and $12,000, respectively. $11,000 is made on an account that provides compound interest of 7% per Years. Determine the amount of funds in the account after the 5th deposit period

(please answer it on the paper)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
7. Mas Karyo borrows $28,000 with compound interest of 12% per year. Installments are made by...
7. Mas Karyo borrows $28,000 with compound interest of 12% per year. Installments are made by amount every year for 4 years, at the end of each year. How big is it? installments every year? How much interest is paid in year 2? 8. Perhatikan tabel cashflow dibawah ini. Hitunglah nilai C yang menyebabkan nilai tabungan ekivalen dengan nilai penarikan uang, jika bunga majemuk yang diberikan adalah sebesar 6% per tahun. Year       Withdrawal Amount 0           -$1.500 1          ...
A person deposits $ 15,000 today in a savings account that pays 3% interest. Three years...
A person deposits $ 15,000 today in a savings account that pays 3% interest. Three years later he deposits $ 14,000. And, then, two years after this last deposit, product of the profit of a developed project, deposits $ 12,500. Four years after depositing the $ 12,500, he removes half of the money accumulated in this account, and transfers this amount to an investment fund that pays a rate of 8%. How much money would you have accumulated six years...
deposits are made at the end of the years 1 thought 7 into an account paying...
deposits are made at the end of the years 1 thought 7 into an account paying 6%. the first deposit equals $5000 and each deposit will increase by $1000 each year thereafter. after the last deposit assume no deposits or withdrawals are made.determine the amount in the account immediately after ten years.
A man deposits $17,000 at the beginning of each year for 10 years in an account...
A man deposits $17,000 at the beginning of each year for 10 years in an account paying 7​% compounded annually. He then puts the total amount on deposit in another account paying 9​% compounded semiannually for another 9 years. Find the final amount on deposit after the entire 19​-year period. He will have a final amount of ​$ after the entire 1919​-year period.
Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each...
Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each deposit was $5500, and the account earned interest at a rate of 4.5% APR, compounded quarterly, each year. Having made his last deposit one year ago, he now plans to transfer all of the accumulated funds today into a money-market account that earns an APR of 1.50% compounded quarterly. If he plans to withdraw $4000 from the account at the end of each quarter...
A man deposits ​$16,000 at the beginning of each year for 18 years in an account...
A man deposits ​$16,000 at the beginning of each year for 18 years in an account paying 6​% compounded annually. He then puts the total amount on deposit in another account paying 9​% compounded semiannually for another 13 years. Find the final amount on deposit after the entire 31​-year period. He will have a final amount of $____? after the entire 31-year period ​(Simplify your answer. Round to the nearest cent as​ needed.)
Consider the following deposits made into a savings account that earns a constant interest compounded annually....
Consider the following deposits made into a savings account that earns a constant interest compounded annually. 'An' represents the actual deposits made at the end of year n. 'Pn' represents the present value of the deposit in year n. The present value 'Pn' of $750 in year 2 is $667.40. Assuming there are only 4 deposits made, calculate the total amount in the savings account at the end of year 4. 'An' in $ (Years 0 through 4): 0 440...
An annual deposits of A1=$1,900 in a saving account is made for 6 years starting years...
An annual deposits of A1=$1,900 in a saving account is made for 6 years starting years 2. In year 8, a one- time withdrawal of $3,400 is made. In year 12, a one-time deposit of $2,200 is made. Then another series of annual deposits of A2 for 7 years started in year 14, increasing by $160 every year. If a one-time withdrawal of $1,100 was made in year 21 and the present worth of the whole amounts of deposits and...
8. Claude made semi- annual deposits of $ 3100 at the beginning of a six- month...
8. Claude made semi- annual deposits of $ 3100 at the beginning of a six- month period into a fund earning 6.8% compounded semi- annually for nine years. No further deposits were made. ( a) How much will be in the account 15 years after the first deposit? ( b) How much in total was deposited? ( c) How much interest will have been earned?
Suppose that you decide to make annual deposits into your savings account for a long-term goal...
Suppose that you decide to make annual deposits into your savings account for a long-term goal of big purchases after getting a job, with the first deposit being made on year 2023 and the last deposit being made on year 2032. Then, starting on year 2035, the withdrawals start with \$2,800 and increment by \$600 until the end of year 2038. If the effective annual interest rate is 5\% during this period of time, what are the annual deposits in...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT