a. Calculate the future value of the fund on March 15th, 2014. Round to the nearest cent b. On March 15th, 2014, the interest rate on the fund changed to 5% compounded monthly. Calculate the future value of the fund on March 26th, 2015.
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- Q1) On April 12th, 2013, Joseph invested $15,000 in a fund that was growing at 6% compounded quarterly. a. Calculate the accumulated amount of the fund on November 10th, 2013. b. On November 10th, 2013, the interest rate on the fund changed to 3% compounded monthly. Calculate the accumulated amount of the fund on October 27th, 2014.You deposit $600 today into a fund that you intend to leave invested for 6 years. The fund earns 6% interest compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the value of the fund to be accumulated at the end of year 6? (Round future value answer to two decimal places (e.g., 52.75) and interest rate to one decimal place (e.g., 527.5).) Inputs Calculator N Keys Future value $ 6 I 6 PV 600On September 1, 2010, you decided to put $15000 in a money market fund. On March 1, 2015, you deposit another $16000 and on Jan 1, 2018, you added another $ 18000. This fund pays interest at the annual rate of 7.2%, compounded monthly. Find the future value of the fund on January 1, 2019, one year after the third deposit.
- On September 1, 2010, you decided to put $ 14000 in a money market fund. On March 1, 2015, you deposit another $ 17000 and on Jan 1, 2018, you added another $ 18000. This fund pays interest at the annual rate of 7.2%, compounded monthly. Find the future value of the fund on January 1, 2019, one year after the third deposit. a. $ 72654.78 b. $ 69291.83 c. $ 67188.54 d. $ 72762.50Shane contributed $2,250 at the end of every 3 months into an RRSP fund earning 2.41% compounded quarterly for 11 years. a. What is the future value of the fund at the end of 11 years? b. What is the amount of interest earned over this period?On September 1, 2010, you decided to put $ 10000 in a money market fund. On March 1, 2015, you deposit another $ 12000 and on January 1, 2018, you added another $ 14000. This fund pays interest at the annual rate of 7.2%, compounded monthly. Find the future value of the fund on January 1, 2018, just before the third deposit. a. $ 34372.59 b. $ 35346.46 c. $ 31635.26 d. $ 35257.40 e. $ 34877.29
- Today is 1/7/2021, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today. John predicts that the return rate of this fund will be j2=3.59% from 1/7/2021 to 30/9/2021 and j2=3.93% from 1/10/2021 to 31/12/2021. What will be balance amount of this account on 31/12/2021? Round your answer to three decimal places. Question Answer a. 3034.806 b. 3032.925 c. 3033.446 d. 3033.714Today is 1/7/2021, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today. John predicts that the return rate of this fund will be j 2 = 3.2% from 1/7/2021 to 30/9/2021 and j2 = 4.83% from 1/10/2021 to 31/12/2021. What will be balance amount of this account on 31/12/2021? Round your answer to three decimal places.Question 11 Answer a. 3037.527 b. 3038.404 с. 3038.048 d. 3039.408On January 1, 2005, a person’s savings account was worth $200,000. Every month thereafter, this person makes a cash contribution of $676 to the account. If the fund is expected to be worth $400,000 on January 1, 2010, what annual rate of interest is being earned on this fund?
- Steven Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 10% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 10% annual interest Investment at 10% annual interest, compounded semiannually $Jordan deposited $23,500 into a fund at the beginning of every quarter for 20 years. He then stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at 4.31% compounded monthly. a. What was the accumulated value of the fund at the end of year 20? Round to the nearest cent b. What was the accumulated value of the fund at the end of year 23? Round to the nearest cent c. What is the total amount of interest earned over the 23-year period? Round to the nearest centMiguel contributed $300 at the end of every 3 months into an RRSP fund earning 2.84% compounded quarterly for 10 years. a. What is the future value of the fund at the end of 10 years? Round to the nearest cent b. What is the amount of interest earned over this period? Round to the nearest cent ↑