Connie made deposits of $2,000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the value of Connie's account in four years? Multiple Choice $8,260.00 $9,051.20 $8.260.20
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- Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264Kia deposited $1,100, at the BEGINNING of each year for 25 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. A. $73,441.24 B. $80,416.53 C. $86,849.86 D. $87,949.86Yolanda deposited $1,600 at the end of each six months for 2 years in a savings account. If the account paid 8% interest, compounded semiannually, use Table 12-1 to find the future value of her account. (Round your answer to the nearest cent.) qu Need Help? Read It Watch It Master It
- Lyndsay puts $1,000.00 into a savings account that pays 3% interest, compounded annually. As the interest is earned, she leaves it in her account. At the end of the third year, what is her balance? a. $1,030.00 b. $1,090.00 c. $1,095.95 d. $1,092.73Given the following information, Ankit took home loan of $100,000 for 10 years. Interest Rate: 10%, Calculate the Monthly Payment? $1,302.50 $1,321.51 $1,332.50 $1,322.50Kelly deposits $1,000 in her savings account earning 4% per year. How much interest would she earn in a year? O A. $44 B. $4 O C. $40 O D. $400
- Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. $95,037.72$103,940.74 $112,256.00$113,556.00Jason made a $300 payment at the end of each month into a CD that paid 4.25% compounded annually. Jennifer made a single initial deposit into the same CD. After 8 years, the future value of each CD was the same. Find the future value of these CDs. What was the amount of Jennifer's initial deposit? Compare the total amount each invested over the eight years. Who earned more interest and by how much? Jason Jennifer N = !3! 1% = 1% = PV = PV = PMT = PMT = FV = FV = P/Y = P/Y = C/Y = C/Y =Ellen deposits $6,773 into an account earning 1% annually. After seven years what will Ellen's balance have grown to, including interest? Multiple Choice None of these $7,261.33 $7,516.88 ) $6,836.78 O $7,516.68 Σ
- Sara deposited $3000 in an account that earns 5.5% simple interest. How much money will be on Sara's account (Principle + interest) in 5 years from now?Round to the nearest cent.Bella deposits $6400 in a savings account at a bank that offers interest of 1.8% on such accounts. What is the value of the money in her savings account in two year's time? Select one: a. $6,630.4 b. $6,632.5 C. $8,911 O d. d. $6,505.2 <At the end of every 3 months, Judy deposits $100 into an account that pays 6% compounded quarterly. After 4 years, she puts the accumulated amount into a certificate of deposit paying 7.5% compounded semiannually for 1 year. When this certificate matures, how much will Judy have accumulated? Round the answer to the nearest cent. A. $1823.20 B. $1920.96 C. $1930.25 D. $2072.31 .....
