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...

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....

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?

An initial deposit is made of $12,000 in an account paying 4%
interest compounded continuously. a. How much will the account be
worth in 6 years? b. How long will it take the account to
double?

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?

8) If you invest $5,650 in an account paying 8.65% compounded
continuously,
how much money will be in the account at the end of 10 years?
9)You have agreed to pay off an $8,000 loan in 30 monthly
payments of
$298.79 per month. The annual interest rate is 9% on the unpaid
balance.
a) How much of the rst month's payment will apply towards reducing
the principal
of $8,000?
b)What is the unpaid balance (on the principal) after 12 monthly...

6. You deposit $400 each month into an account earning 5%
interest compounded monthly.
a) How much will you have in the account in 35 years?
b) How much total money will you put into the account?
c) How much total interest will you earn?
7. Suppose you want to have $500,000 for retirement in 25 years.
Your account earns 7% interest.
a) How much would you need to deposit in the account each
month?
b) How much interest will...

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...

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