You put $7,364 in the bank for 13 years at 7%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Round to four decimal places
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You put $7,364 in the bank for 13 years at 7%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Round to four decimal places.
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- Suppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the rate of interest? Input your answer in decimals, not percentages. Round your answer to four decimals places.You put $250 in the bank for 5 years at 12%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Enter the factor as seen in the table, with five decimal places.If you deposit some money into a bank account today, to the nearest year, how long will it take to triple your deposit if it earns 32% annually? note: calculate to the nearest decimal. For example, if the answer is 12.56 years, then input your answer as 12.6
- Suppose you deposit $9,000 into your bank account at the beginning of each of the next 5 years (i.e., the first deposit is today). If the interest rate is 9%, how much would you have accumulated at the end of 5 years?Enter your response below (rounded to 2 decimal places).12. You put $250 in the bank for 5 years at 12%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Enter the factor as seen in the table, with five decimal places. 13. You put $8,195 in the bank for 6 years at 7%. Using the Future Value of 1 Table (Time and Value Table), what factor would you use to calculate the future value of your deposit? Round to four decimal places.Suppose you put $200 into a bank account at the annual interest rate of 7%. *Round your answer to the nearest dollar. How much money will this deposit be worth in one year?
- You plan to deposit $700 in a bank account now and $900 at the end of one year. If the account earns 2% interest per year, what will the balance be in the account right after you make the second deposit? There will be $ in the account right after the second deposit. (Type an integer or a decimal.)If your bank pays you 1.5% interest and you deposit $700 today, what will be your balance in seven years? The bank balance will be $ ______.(Round to the nearest cent.)You put 8,293 in the bank for 11 years at 5% what factor would you use to calcuate the future value of your deposit?
- A local bank will pay you $135 a year for your lifetime if you deposit $3,000 in the bank today. If you plan to live forever, what interest rate is the bank paying? Note: Enter your answer as a percent rounded to 2 decimal places. Interest rate %You plan to deposit $700 in a bank account now and $200 at the end of one year. If the account earns 3% interest per year, what will the balance be in the account right after you make the second deposit? There will be $ in the account right after the second deposit. (Type an integer or a decimal.) an example Get more help - Clear all13. You put $8,195 in the bank for 6 years at 7%. Using the Future Value of 1 Table (Time Value of Money Table) what factor would you use to calculate the future value of your deposit? Round to four decimal places. The table is too big to submit. Thank you!