Question

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.

Answer #1

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...

Lauren plans to deposit $6000 into a bank account at the
beginning of next month and $175/month into the same account at the
end of that month and at the end of each subsequent month for the
next 7 years. If her bank pays interest at a rate of 6%/year
compounded monthly, how much will Lauren have in her account at the
end of 7 years? (Assume she makes no withdrawals during the 7-year
period. Round your answer to the...

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?

Lauren plans to deposit $8000 into a bank account at the
beginning of next month and $225/month into the same account at the
end of that month and at the end of each subsequent month for the
next 3 years. If her bank pays interest at a rate of 5%/year
compounded monthly, how much will Lauren have in her account at the
end of 3 years? (Assume she makes no withdrawals during the 3-year
period. Round your answer to the...

Lauren plans to deposit $9000 into a bank account at the
beginning of next month and $150/month into the same account at the
end of that month and at the end of each subsequent month for the
next 4 years. If her bank pays interest at a rate of 5%/year
compounded monthly,
how much will Lauren have in her account at the end of 4 years?
(Assume she makes no withdrawals during the 4-year period. Round
your answer to the...

Lauren plans to deposit $7000 into a bank account at the
beginning of next month and $175/month into the same account at the
end of that month and at the end of each subsequent month for the
next 7 years. If her bank pays interest at a rate of 5%/year
compounded monthly, how much will Lauren have in her account at the
end of 7 years? (Assume she makes no withdrawals during the 7-year
period. Round your answer to the...

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!

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?

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