Question

1. Find the amount and compound interest of $ 57,250 at 5 1/4% for the 10-year period calculated:

a. annually
b. biannually
c. quarterly basis
d. monthly
e. continually

2. How much money do you need to deposit in your investment account
to have $ 100,000 after twenty-five years at 5.45% interest calculated annually?

Answer 1

Question 1

Amount
1.
=57250*(1+5.25%/1)^(10*1)=95498.4969078822

2.
=57250*(1+5.25%/2)^(10*2)=96125.5623615942

3.
=57250*(1+5.25%/4)^(10*4)=96448.7889230276

4.
=57250*(1+5.25%/12)^(10*12)=96668.0112396301

5.
=57250*EXP(5.25%*10)=96778.769069703

Interest
1.
=57250*(1+5.25%/1)^(10*1)-57250=38248.4969078822

2.
=57250*(1+5.25%/2)^(10*2)-57250=38875.5623615942

3.
=57250*(1+5.25%/4)^(10*4)-57250=39198.7889230276

4.
=57250*(1+5.25%/12)^(10*12)-57250=39418.0112396301

5.
=57250*EXP(5.25%*10)-57250=39528.769069703

Question 2
=100000/(1+5.45%)^25
=26535.996310