Question

If $8000 is deposited at the end of each half year in an account that earns...

If $8000 is deposited at the end of each half year in an account that earns 6.7% compounded semiannually, how long will it be before the account contains $130,000? (Round your answer to one decimal place.)

Find the future value of an annuity due of $900 each quarter for 8 1/2 years at 11%, compounded quarterly
.

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If $4000 is deposited at the end of each half year in an account that earns...
If $4000 is deposited at the end of each half year in an account that earns 6.1% compounded semiannually, how long will it be before the account contains $100,000? (Round your answer to one decimal place.)
If $3000 is deposited at the end of each half year in an account that earns...
If $3000 is deposited at the end of each half year in an account that earns 6.4% compounded semiannually, how long will it be before the account contains $120,000? (Round your answer to one decimal place.) yr -
If $9000 is deposited at the end of each half year in an account that earns...
If $9000 is deposited at the end of each half year in an account that earns 6.1% compounded semiannually, after how many half years will the account contain $130,000? (Round your answer UP to the nearest half year.) half years=
If $7000 is deposited at the end of each half year in an account that earns...
If $7000 is deposited at the end of each half year in an account that earns 6.1% compounded semiannually, after how many half years will the account contain $120,000? (Round your answer UP to the nearest half year.)
$3,500 is deposited at the end of each quarter in an account that earns 6% compounded...
$3,500 is deposited at the end of each quarter in an account that earns 6% compounded quarterly until $100,000 has accumulated in the account. This scenario describes the  ---Select--- Future Value of an Annuity Due Future Value of an Ordinary Annuity . From the formula in the textbook, all values are known, except for  ? R S i n . After how many quarters will the account contain $100,000? (Round your answer UP to the nearest quarter.)
If $3500 is deposited at the end of each quarter in an account that earns 4%...
If $3500 is deposited at the end of each quarter in an account that earns 4% compounded quarterly, after how many quarters will the account contain $80,000? (Round your answer UP to the nearest quarter.)
A small business owner contributes $3000 at the end of each quarter to a retirement account...
A small business owner contributes $3000 at the end of each quarter to a retirement account that earns 8% compounded quarterly. (a) How long will it be until the account is worth $150,000? (Round your answer UP to the nearest quarter.) THE ANSWER IS NOT 21 (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8000 at the end of each quarter. What will the total value of the account be after 15 more years?...
What is the size of the payment that must be deposited at the beginning of each...
What is the size of the payment that must be deposited at the beginning of each quarter in an account that pays 4.2% compounded quarterly, so that the account will have a future value of $111,000.00 at the end of 14 years? The quarterly payments are $________. (Round to 2 decimal places.)
A small business owner contributes $2000 at the end of each quarter to a retirement account...
A small business owner contributes $2000 at the end of each quarter to a retirement account that earns 4% compounded quarterly. (a) How long will it be until the account is worth $150,000? (Round your answer UP to the nearest quarter.) (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round your answer to the...
An individual deposited $3000 at the beginning of each year into an IRA account which earns...
An individual deposited $3000 at the beginning of each year into an IRA account which earns 7% compounded quarterly. If the payments began on January 1, 2020 and will end on January 1, 2045, determine the balance on January 1, 2046. ($227,118.93) Cannot use Excel.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT