How much interest is earned in 8 years on $8400 deposited in an account paying 7% interest, compounded semiannually? (Round your answer to two decimal places.)
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How much interest is earned in 8 years on $8400 deposited in an account paying 7% interest, compounded semiannually? (Round your answer to two decimal places.)
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- Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions Kristen Quinn makes equal deposits of $500 semiannually for 4 years. Required: What is the future value at 8%? (Note: Round answers to two decimal places.)Suppose you deposit $1,751.00 into an account today that earns 5.00%. It will take ___ years for the account to be worth $2,806.00. Answer format: Number: Round to: 2 decimal places.You deposit $8900 in an account paying 8% interest, compounded semiannually. Calculate the compound amount after 9 years. (Round your answer to two decimal places.)$18029.77 18029.77 Step 2 The compound amount is $18029.77.Using the answer to Step 1, how much interest is earned? (Round your answer to two decimal places.)
- Find the amount accumulated in an account where $25 is deposited monthly for 10 years at 2.5% interest compounded monthly. Assume the account currently has $450 in it. Round your answer to two decimal places if rounding is necessary. The $ sign is already listed next to the answer box, so do not type a $ sign in your answer.How much money will you end up with if you deposit $150 at the end of each month into an account earning j12-8.40% for 18 years? Express your answer to 2 decimal places but don't include the $ sign. Your Answer: AnswerHow much must you deposit in an account today so that you have a balance of $18,355 at the end of 11 years if interest on the account is 13% p.a., but with quarterly compounding? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.
- If you deposit #9989 into an account paying 3.6% annual interest compounded monthly, how much money will be in the account after 8 years? Round your answer to 2 decimal places.How much money should be invested in an account that earns 9% interest, compounded monthly, in order to have $11,000 in 5 years? (Round your answer to two decimal places.) a) $3256.18 b) $6423.16 c) $5436.12 d) $7025.70Assume you deposit $5,700 at the end of each year into an account paying 11. interest. a. How much money will you have in the account in 19 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g b. How much will you have if you make deposits for 38 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g а. Future value $ 324,555.08 b. Future value $ 2,462,818.38
- You deposit $5100 in an account earning 4% compound interest for 3 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places where applicable. Enter positive values for the Interest Earned. (For this question: 1 year = 365 days, including leap years) Frequency Semiannually Daily > Next Question (P/Y = C/Y) N Future Value FA $ Interest earnedDetermine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. (Round your answer to 2 decimal places.)An amount of $1200 is deposited for 7 years in an account that earns 9% interest. (Round your answers to two decimal places.) (a) Calculate the simple interest earned.$ (b) Calculate the interest earned if interest is compounded daily.$ (c) How much more interest is earned on the account when the interest is compounded daily?