What is the future value on December 31, Year 5, of a deposit of $10,000 made on January 1, Year 2, assuming interest of 16% compounded quarterly?
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What is the future value on December 31, Year 5, of a deposit of $10,000 made on January 1, Year 2, assuming interest of 16% compounded quarterly?
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- If, starting one year from today, 12 equal annual deposits of $2,500 are made into an account offering a stated annual rate of interest r = 0%, find the balance in the account 12 years from today (at the end of year 12).What is the future value on December 31, Year 5, of a deposit of $25,000 made on January 1, Year 2, assuming interest of 12% compounded semiannually?What will be the maturity value of $5,000 deposited in a three-year certificate of deposit that earns 5 percent interest compounded semi-annually?
- For ethe case shown in the following table, determine the amount of the equal, end of year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate. Sum to be accumulated: $130,000 Accumulation Period (years): 30 Interest Rate: 13% The amount of the end of year annual deposit is? (round to the nearest cent)What is the maturity value of a 3-year term deposit of $9914.05 at 3.6% compounded monthly? How much interest did the deposit earn? The maturity value of the term deposit is $Determine the interest rate earned on a $450 deposit when $475 is paid back in one year.
- Assuming a 360-day year, when a $12,919, 90-day, 6% interest-bearing note payable matures, total payment will amount to:At the end of three years, how much is an initial deposit of $100 worth, assuming a compound annual interest rate of: (i) 100 percent? (ii) 10 percent? (iii) 0 percent?The annual amount $1,100 is invested in Certificate Deposit (CD) and will be worth of $16,000 in nine years. What is the semiannually compounded nominal (annual) interest rate for this CD?
- For the case shown in the following table, determine the amount of the equal, end of year deposits necesssary to accumulate the given sum at the end of teh specified period, assuming the stated annual interest rate. Sum to be accumulated Accumulation Period (Years) Interest Rate $124,600 20 11%5. Assuming that four annual deposits of ($1000) are occurred but the first payment deposit at end of the second year, if interest rate is (%12), determine: A. The annually payments for next six years if beginning at end of the first year?5. A deposit of $2450 is made into an account drawing 4.26% interest compounded quarterly. Find the future value 14 years after the deposit and find the amount of compound interest earned.
