Question

PART 2: FINANCE

a) If you deposit $23,596.00 at 13.23% annual interest compounded quarterly, how much money will be in the account after 4 years?

b) If you deposit $1036.00 into an account paying 5.46% annual interest compounded monthly, how many years until there is $19,912.00 in the account?

c) What is the value today of receiving a single payment of $55,961.00 13 years if your required rate of return on this investment is 14.25% compounded semi-annually?

d) If you deposit $722.00 at 4.43% annual interest compounded daily, how much money will be in the account after 13 years? (Assume that there are 364 days in a year and show your answer to the nearest cent.)

e) Suppose you deposit $461.00 today, $370.00 in one year, and $677.00 in two years in an account that pays an annual rate of interest of 9.95%. How much money will be in the account after three years.

Answer #1

Q1) Suppose you invest $66,624 today in an account that earns
13.00% interest annually. How much money will be in your account 11
years from today?
Q2) What is the value today, of single payment of $51,252 made
13 years from today, if the value is discounted at a rate of
04.00%?
Q3) How many years would it take an investment of $333 to grow
to $10,789 at an annual rate of return of 11.00%?
Q4) How much money would...

1. If you deposit $6,500 into an account paying 8% annual
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2. If you deposit $5,000 into an account paying 6% annual
interest compounded monthly, how long until there is $8,000 in the
account?
3. At 3% annual interest compounded monthly, how long will it
take to double your money?

Q3) How many years would it take an investment of $333 to grow
to $10,789 at an annual rate of return of 11.00%?
Q4) How much money would you need to deposit today at 23.00%
annual interest compounded monthly to have $26,802 in the account
after 13 years?
Q5) If you deposit $729 into an account paying 15.00% annual
interest compounded quarterly, how many years until there is
$37,847 in the account?
Q6) If you deposit $21,114 at 06.00% annual...

A. Suppose you invest $83736 today in an account that earns 13%
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from today if the value is discounted at a rate of 19%?
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D. How much money would you...

If you deposit $100,000 today at 8 percent interest compounded
quarterly, how much will you have accumulated after 5 years
$67,297.13
$68,058.32
$146,932.74
$148,594.74

You deposit $300 each month into an account earning 2% annual
interest compounded monthly
A. How much money will you have in your account in 35 years?
B. How much total money will you put into the account ?
C. How much total interest will you earn?

1. If you deposit $1600 into an account paying 8% compounded
monthly, how much will you have in 4 years?
2. if you deposit $1600 in an account paying 8% today and
deposit $1600 every year into the account, how much will you have
in 4 years?
3. The average price for a new car today is $29000. If the rate
of inflation is expected to be 3.5% annually, what will a new car
cost in 7 years?
4. You...

FINANCE
5.
5A.
You deposit $5000 in an account earning 8% interest compounded
monthly. How much will you have in the account in 15
years?
5B.
You can afford a $350 per month car payment. You've found a 3
year loan at 2% interest. How big of a loan can you
afford?
5C.
You have $300,000 saved for retirement. Your account earns 5%
interest. How much will you be able to pull out each month, if you
want to be...

You have deposited $10,000 in a bank earning interest at 7% p.a.
compounded quarterly for four years and five months. At that time,
the interest rate changes to 6% p.a. compounded monthly. What is
the value of the deposit three years after the change in the rate
of interest?
What nominal annual rate compounded quarterly is equivalent to
7.5% p.a. compounded monthly?
You have decided to deposit $500 in the Montreal bank at the end
of each quarter for seven...

You deposit $2000 in an account earning 3% interest compounded
monthly
How much will you have in the account in 20 years?
How much interest will you earn?
You deposit $10,000 in an account earning 4% interest compounded
monthly.
How much will you have in the account in 25 years?
How much interest will you earn?

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