4AMPwe 15a.eju/ρωποduosSafari File Edit View History Bookmarks Window Help$<>Saving Money - 22/SU INTENSIVE QUANT REASONING (105A-900)Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly.$$What is the account balance at the end of the 14 years? Round your answer to the nearest cent.How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you?webassign.netHow much of the money in the account at the end of the 14 years is interest?What percentage of the account balance after 14 years is interest?Round your percentage to one decimal place.%"pWWA Finance 1 -Saving Money and Earning Interest - 22/SU INTENSIVE QUANT REASONING(1054-900), Sum..... .- Thu JuHint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100to get a percentage.TUES

Given: Particulars Amount Payment(PMT) $600 Years 14 Interest rate 3.02%

Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly. What is the account balance at the end of the 14 years? Round your answer to the nearest cent. 430 INTENSIVE QUANT How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? How much of the money in the account at the end of the 14 years is interest? Round your percentage to one decimal place. NOR10SA-900), Sum What percentage of the account balance after 14 years is interest? Hint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage.

Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly. What is the account balance at the end of the 14 years? Round your answer to the nearest cent. 430 INTENSIVE QUANT How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? How much of the money in the account at the end of the 14 years is interest? Round your percentage to one decimal place. NOR10SA-900), Sum What percentage of the account balance after 14 years is interest? Hint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A Click Submit to complete this assessment. Question 34 You deposit $ 6,957 in an account that pays 1 % simple interest. How much do you have after 12 years? If needed, round your answer to zero decimal places. A Click Submit to complete this assessment.
Expand PreviousNext Check 1 ptRetries 1Info Details You have $500,000 saved for retirement. Your account earns 4% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?
Téll me what you want to do Aa - 21 T AaBbCcDc AaBbCcDc AaBbC AaB A - - A- TNormal 1 No Spac. Heading 1 Heas Paragraph Styles 4. You deposit $500 eachmonth into an account earning 3% interest compoundedmonthly. a) How much will you have in the account in 13 years? b) How much total money will you put into the account? c) How much total interest will you earn? retirement in 30 vears. Your account earns 8% inte
• Question 6 You deposit $500 each month into an account earning 3% interest compounded monthly. Round to the nearest cent as needed. a) How much will you have in the account in 25 years? $4 b) How much total money will you put into the account? $4 C) How much total interest will you earn? Question Help: DVideo 1 D Video 2 I Calculator Submit Question H O O I Pn
P QUESTION 18 Prepare a time diagram for the future value of an ordinary annuity with three payments of $300. Be sure to indicate the periods in which interest is added. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial 1 P +8 == E X² X₂ 图图 † {;} 田田 EE Q Search V 10pt >< Click Save and Submit to save and submit. Click Save All Answers to save all answers. CAMER 4 23 SH 50% :E + ABC A V IT V Ix % 0 ΠΩ HA V 0 WORDS Save All Answers
Mallings Review View Help e Search AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD 三加三三、、田、 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Paragraph Styles 1) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,800 is deposited quarterly for 20 years at 5% per year FV = $ 梦 0 93
Saved If an invoice indicates that interest at the rate of 0.69% per month will be charged on overdue amounts, what effective rate of interest will be charged? (Round your final answer to 2 declmal places.) Effective rate Next > < Prev 20 of 23 connect
AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD AaB A 三= =。色、田、 1 Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Title Paragraph Styles 2) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $500 is deposited monthly for 10 years at 6% per year in an account containing $9,000 at the start FV = $
View Policies Current Attempt in Progress Write a formula for the quantity described. The balance in an interest-bearing bank account, if the balance triples in 20 years. Let Bo be the initial balance and t be the number of years. NOTE: Round your answer to three decimal places. B = IT || eTextbook and Media 2 Q Search fg PRE hp fg 10 S >11 H mehp
* CENGAGE MINDTAP Q Search Time Value of Money I Back to Assignment Attempts Average / 1 1. Problem 5.01 (Future Value) еВook If you deposit $7,000 in a bank account that pays 9% interest annually, how much will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. $4 Grade it Now Save & Continue Continue without saving
Question 7 of 10 > Every year you deposit $3,400 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 20th deposit? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. Choose the correct answer below O A. $79,464 O B. $68,000 OC. $82,611 OD. $51,438 O E $84,263
webwork / mat110e_oncampus_f/ finance.set.3/6 Finance.set.3: Problem 6 Previous Problem Problem List Next Problem Eugene began to save for his retirement at age 31, and for 15 years he put $ 425 per month into an ordinary annuity at an annual interest rate of 9% compounded monthly. After the 15 years, Eugene was unable to make the monthly contribution of $ 425, so he moved the money from the annuity into another account that earned 9% interest compounded monthly. He left the money in this account for 19 years until he was ready to retire. How much money did he have for retirement? Retirement amount = If Eugene had waited until he was 43 years old to start saving for retirement and then decided to put money into an ordinary annuity for 22 years earning 9% interest compounded monthly, what monthly payment would he have to make to accumulate the same amount for 2. retirement as you found in the first part of the question? Retirement amount = 3.

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