Question

You deposit $1,400 at the end of each year into an account paying 8.6 percent interest....

You deposit $1,400 at the end of each year into an account paying 8.6 percent interest.
a. How much money will you have in the account in 21 years?
b. How much will you have if you make deposits for 42 years?

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
You deposit $1,400 at the end of each year into an account paying 10.6 percent interest....
You deposit $1,400 at the end of each year into an account paying 10.6 percent interest. a. How much money will you have in the account in 24 years? b. How much will you have if you make deposits for 48 years?
You deposit $1,700 at the end of each year into an account paying 11.1 percent interest....
You deposit $1,700 at the end of each year into an account paying 11.1 percent interest. a. How much money will you have in the account in 20 years? b. How much will you have if you make deposits for 40 years?
You deposit $1,300 at the end of each year into an account paying 8.1 percent interest....
You deposit $1,300 at the end of each year into an account paying 8.1 percent interest. Required: (a) How much money will you have in the account in 19 years? (b) How much will you have if you make deposits for 38 years?
You deposit $1,300 at the end of each year into an account paying 11.6 percent interest....
You deposit $1,300 at the end of each year into an account paying 11.6 percent interest. Required: (a) How much money will you have in the account in 16 years? (b) How much will you have if you make deposits for 32 years? rev: 09_17_2012
You deposit $1,300 at the end of each year into an account paying 9.6 percent interest...
You deposit $1,300 at the end of each year into an account paying 9.6 percent interest per year. Required: (a) How much money will you have in the account in 22 years? (Click to select)  33,954.37  77,716.44  28,600.00  100,261.18  88,201.28 (b) How much will you have if you make deposits for 44 years? (Click to select)  750,886.18  1,020,171.69  554,991.82  94,942.73  57,200.00
You deposit $2,000 at the end of each year into an account paying 11.1 percent interest....
You deposit $2,000 at the end of each year into an account paying 11.1 percent interest. a. How much money will you have in the account in 18 years? B. in 36 years?
1) You deposit $500 each month into an account earning 3% interest compounded monthly. a) How...
1) You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much will you have in the account in 25 years? b) How much total money will you put into the account? c) How much total interest will you earn? 2) Suppose you invest $190 a month for 6 years into an account earning 7% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 21 years....
You plan to deposit $1,500 into an account at the end of the year for the...
You plan to deposit $1,500 into an account at the end of the year for the next 10 years. If interest rates are 8 percent compounded daily. (Include time lines with your answer.) How much will be in the account at the end of 10 years? If the deposits are made at the beginning of the year rather than the end of the year, how much will be in the account at the end of 10 years?
1.You are going to deposit $2,800 in an account that pays .54 percent interest compounded quarterly....
1.You are going to deposit $2,800 in an account that pays .54 percent interest compounded quarterly. How much will you have in 8 years? 2.You have $5,000 and will invest the money at an interest rate of .21 percent per month until the account is worth $9,800. How many years do you have to wait until you reach your target account value? 3.You have just started a new job and plan to save $4,500 per year for 40 years until...
You begin to put $6,000 every month in an investment account paying 8% interest for the...
You begin to put $6,000 every month in an investment account paying 8% interest for the next 10 years, and you will deposit the money at the beginning of each period. How much will you have at the end of the 10 year period?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT