Sid has made deposits of 960 at the end of every 6 months for five years. If interest is 5% compounded annually, how much will she have accumulated nine years after the last deposit?
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Sid has made deposits of 960 at the end of every 6 months for five years. If interest is 5% compounded annually, how much will she have accumulated nine years after the last deposit?
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- If a woman deposits P500 every 6 months for 7 years, how much will she have in her account after she makes her last deposit if the interest rate is 20% per year compounded quarterly?At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8% compounded annually. How much is in the account today? How much would be in the account if the deposits were made at the beginning of each year (PMT Type) than at the end of each year? (Use Future Value of an Annuity) Suppose your opportunity cost (interest rate/year) is 11% compounded annually. How much must you deposit in an account today if you want to pay yourself $230 at the end of each of the next 15 years? How much must you deposit if you want to pay yourself $230 at the beginning of each of the next 15 years? Bruce invested $1,250 (present value - enter as a negative number) 10 years ago. Today, the investment is worth $3,550 (future value). If interest is compounded annually, what annual rate of return did Bruce earn on his investment? (Use Solving for r - Rate of Return- on a Lump Sum) Mario wants to take a trip that costs $4,750 (future value), but currently he only has $2,260…Ann saves 4,800 as a term deposit today. The interest is paid semi-annually. If her saving grows to $6,000 in three years, what is the interest rate of this term deposit in APR?
- Kolby has made deposits of $140.00 into his savings account at the end of every three months for 20 years. If interest is 9% per annum compounded semi-annually and he leaves the accumulated balance for another 3 years, what would be the balance in his account then?Jane Adele deposits $1,500 in an account at the beginning of each 3-month period for 11 years. If the account pays interest at the rate of 4%, compounded quarterly, how much will she have in her account after 11 years? Solve the problem. (Round your answer to the nearest cent.)Suppose that Jacob would like to invest at the end of each month for the next 15 years into an account paying 6.72% compounded monthly in order to accumulate $10,000 at the end of that time? How much money must Jacob deposit into the account each month? How much interest will he have earned?
- Molly has made deposits of $960 at the end of every six months for twelve years. If interest is 5% compounded quarterly, how much will Molly have accumulated ten years after the last deposit? Molly will have accumulated $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A woman plans to make a total of eight equal deposits, with the first deposit one year from now and succeeding deposits at 2-year intervals, so that she will be able to withdraw $12500 per year for 10 years starting 22 years from now. How much must be the equal deposits if the interest rate is a nominal 12% per year compounded monthly?Suzana would like to accumulate RM5,000 in 3 years in a saving account which pays 6% annual interest compounded monthly. How much should she saves every month if she makes her deposit: (a) At the end of each month. (b) At the beginning of each month. (c) At the end of each month, with the last payment to be made 6 months before 3 years. 5.
- Minu deposits $950 at the end of each quarter for 6 years in an account that earns 11.8% per year compounded quarterly. At the end of 6 years she has $32 501.04. What would the amount of the annuity be if she doubles the time period to 12 years?Ron has made deposits of $80.00 into his savings account at the end of every three months for 10 years. If interest is 12% per annum compounded semi-annually and he leaves the accumulated balance for another 4 years, what would be the balance in his account then?Seamus has made deposits of $97.00 into his savings account at the end of every three months for 10 years. If interest is 8 % per annum compounded monthly and he leaves the accumulated balance for another 2 years, what would be the balance in his account then?
