Question

1. If you deposit $6,500 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7 years?

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?

Answer #1

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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...

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...

If you deposit $1,500 in an account paying 8%, how much will you
have in 3 years?
If you deposit $1,500 into an account paying 8% compounded
monthly, how much will you have in 3 years?
If you deposit $1,500 in an account paying 8% today and deposit
$1,500 every year into the account, how much will you have in 3
years?

A. Suppose you invest $83736 today in an account that earns 13%
interest annually. How much money will be in your account 7 years
from today?
B. What is the value today of single payment of $36665, 18 years
from today if the value is discounted at a rate of 19%?
C. How many years would it take an investment of $172 to grow to
$18096 at an annual rate of return of 15%?
D. How much money would you...

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?

Q.1 You deposit $1,000 in your bank account. If the bank pays 4%
compounded interest, how much will you accumulate in your account
after 10 years? What if the bank pays interst on semi-annual
basis?
Q.2 If you earn 6% per year on your bank account, how long will
it take an account with $100 to double to $200?
Q.3 Your landscapping company can lease a truck for $8,000 a
year(paid at year-end) for six years. It can instead buy...

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?

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...

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...

You deposit $300 each month into an account earning 5% interest
compounded monthly.
a) How much will you have in the account in 30 years?
$
b) How much total money will you put into the account?
$
c) How much total interest will you earn?
$

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