Keira wants to invest $4,300 in an account with an interest rate of 7.2% that is compounded MONTHLY. Which of the following choices will correctly calculate the amount of money in Keira's account after 9 years? O A. Amount =4300x 7.2×e
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- Question 3: A father wants to set up a bank account that will pay his daughter $(10000) at the end-of-quarter (EOQ) 4 and $(2x1) at EOQ 8. He will fund this account by making quarterly payments of $A from the present (time zero) through EOQ 7. If the quarterly percentage rate is 4%, what is the value $A that must be deposited into the accountQUESTION 4 Jamal wants to invest $4,300 in an account with an interest rate of 7.2% that is compounded CONTINUOUSLY. Which of the following choices will correctly calculate the amount of money in Jamal's account after 9 years? A. 7.2) 12x9 Amount = 4300 1+ 12 O B. Amount = 0.072x9xe4300 O C. Amount = 4300e0.072 × 9 12 x 9 D. 0.072 Amount = 4300 1+ 12 7.2 x 9 O E. Amount = 4300e O F. Amount = 4300x 7.2xe9Téll me what you want to do Aa - 21 T AaBbCcDc AaBbCcDc AaBbC AaB A - - A- TNormal 1 No Spac. Heading 1 Heas Paragraph Styles 4. You deposit $500 eachmonth into an account earning 3% interest compoundedmonthly. a) How much will you have in the account in 13 years? b) How much total money will you put into the account? c) How much total interest will you earn? retirement in 30 vears. Your account earns 8% inte
- Q. You invest $475 in an account that pays 3% simple interest annually. How much money do you have after five years? answer choices $546.24 $544.46 $543.25 $546.256. Computing Future Value of Annual Deposits. What amount would you have if you L deposited $2,500 a year for 30 years at 8 percent (compounded annually)? (Use time value of money calculations in Chapter 1 Appendix.) e here to search 17 to 4M to 144 16 40 73 14 I01 12 米 E T 00 86 R 4. 24 3.Jenny puts $200 into a savings account today, the account pays an annual interest rate of 5%, but compounded semiannually, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made? m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV Identify variables and use excel
- You plan to depost $5.300 a paying 10.3 percent interest & How much money will you have in the account in 25 years? Do not round intermediate calculations and round your answer to 2 decimal places. 3216) & How much will you have if you make deposits for 50 years? Do not round intermediate calculations and round your answer to 2 decimal places g.1216) 50Question 4 John makes an Investment of 10900 Into an account that pays Interest compounded annually. In addition, he makes a yearly deposit of $170. At the end of 3 years, his balance is 15900. Determine the Interest he earned on the savings account. John annual percentage rate on his investment was Time Value of Money Solver Enter the given values. N: = 0 Number of Payment Periods 1:%= 0 Annual Interest Rate as a Percent PV: = Present Value 0 PMT: = 0 Payment FV: = in Solve Solve Solve Solve Salve 3 31ook ences Chris Seals has just given an insurance company $62,525. In return, she will receive an annuity of $7,458 for 12 years. a. At what rate of return must the insurance company invest this $62,525 to make the annual payments? (Use a Financial calculator to arrive at the answers. Round the final answer to 3 decimal places.) Rate of return b. What rate of return is required if the annuity is payable at the beginning of each year? (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) Rate of return
- QUESTION 1 Considering the following scenario. In years 0, 2, 4, 6, and 8, you deposit $750 in your savings account. The saving account earns 4.25% compounded anbually. What is the future value in year 10? 4,847.22 5,411.56 3,579.94 6,411.56Assume you make a deposit of $7,500 now into a saving account that pays 12% per year, compounded quarterly. If you want to know the total amount after 2 years, the value of interest rate (i) you should use in the F/P factor is: Select one: а. 3% b. 4 % с. 24% d. 12 %Exercise 4. Simple Interest. Calculate the amount of money you will have in the following account after 5 years, assuming that you earn simple interest You deposit $700 in an account with an annual interest rate of 4% Exercise 5. Compound Interest. Use the compound interest formula to compute the balance in the following accounts after the sd period of time, assuming interest is compounded annually: $10.000 is invested at an APR of 4% for 10 years. Ộ1 = P x (1+ APR %3D