For the last six years Joe has made deposits of $400 at the end of every six months earning interest at 6% compounded semi-annually. If he leaves the accumulated balance in an account earning 7% compounded quarterly, what will the balance be in Joe's account at the end of another nine years
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For the last six years Joe has made deposits of $400 at the end of every six months earning interest at 6% compounded semi-annually. If he leaves the accumulated balance in an account earning 7% compounded quarterly, what will the balance be in Joe's account at the end of another nine years?
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- For the last four years Joe has made deposits of $200 at the end of every six months earning interest at 6% compounded semi-annually. If he leaves the accumulated balance in an account earning 7% compounded quarterly, what will the balance be in Joe's account at the end of another ten years?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?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?
- Alan makes deposits to an account at the end of every year for 12 years. His first deposit is $300 and each subsequent deposit increases by $50. If the account earns an annual effective interest rate of 4%, what is the accumulated value of the account after 12 years? 1,850 3,700 6,590 7,340 8,290Marcus deposits $2600 into an account that has an annual interest rate of 5% compounded monthly. If he leaves it there for 7 years without making any withdrawals, what is the account's balance at the end of 7 years?Daniel deposits $20,000 into an account earning interest at 6% per year compounded quarterly. He wishes to withdraw $400 at the end of each month. For how many months can he make these withdrawals?
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