Question

You have decided to place $972 in equal deposits every month at the beginning of the month into a savings account earning 14.83 percent per year, compounded monthly for the next 12 years. The first deposit is made today. How much money will be in the account at the end of that time period?

*Round the answer to two decimal places.*

Answer #1

future value of money in the account at the end of the time period = $ 387,223.40

You have decided to place $361 in equal deposits every month at
the beginning of the month into a savings account earning 4.63
percent per year, compounded monthly for the next 5 years. The
first deposit is made today. How much money will be in the account
at the end of that time period? Round the answer to two decimal
places.

You have decided to place $644 in equal deposits every month at
the beginning of the month into a savings account earning 5.88
percent per year, compounded monthly for the next 6 years. The
first deposit is made today. How much money will be in the account
at the end of that time period?
Round the answer to two decimal places.

you
decided to place $430 in equal deposits every month at the
beginning of the month into a savings account earning 7.22 percent
per year,compounded monthly for the next 6years.the first deposit
is made today.how much money will be in account at the end of that
time period?

3c3.
You need to accumulate $75,706 for your son's education. You
have decided to place equal year-end deposits in a savings account
for the next 5 years. The savings account pays 14.25 percent per
year, compounded annually. How much will each annual payment
be?
Round the answer to two decimal places.
3b3.
You plan to buy a house in 13 years. You want to save money for
a down payment on the new house. You are able to place $323...

What is the present value of the following annuity? $1,070 every
half year at the beginning of the period for the next 14 years,
discounted back to the present at 3.13 percent per year, compounded
semiannually.
You plan to buy a house in 14 years. You want to save money for
a down payment on the new house. You are able to place $348 every
month at the end of the month into a savings account at an annual
rate...

You are going to save money for your son’s education. You have
decided to place $786 every half year at the end of the period into
a saving account earning 5.15 percent per year, compounded
semi-annually for the next 13 years. How much money will be in the
account at the end of that time period?

You are going to save money for your son’s education. You have
decided to place $579 every half year at the end of the period into
a saving account earning 3.07 percent per year, compounded
semi-annually for the next 5 years. How much money will be in the
account at the end of that time period?

You are going to save money for your son's education. You have
decided to place $2,454 every half year at the end of the period
into a saving account earning 7.47 percent per year, compounded
semi-annually for the next 10 years. How much money will be in the
account at the end of that time period?

You decided to quit smoking today.
Now that you are going to save 100 €/month, you decided to save
those 100€ per month in a bank account that offers a 5% interest
rate compounded monthly, till the day you retire (that is to say,
in 20 years). Please answer the following questions:
If you do your deposits at the end of every
month (so your first deposit will be in one month from today) in a
bank account that offers...

3b4
You are going to save money for your son’s education. You have
decided to place $2,724 every half year at the end of the period
into a saving account earning 11.02 percent per year, compounded
semi-annually for the next 11 years. How much money will be in the
account at the end of that time period?
Round the answer to two decimal places.

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