Cameron opened an RRSP account and deposited $3,800 into it. He then deposited $800 at the end of the 1st year and $475 at the end of the 2nd year, into the account. The RRSP was earning 2.20% compounded quarterly. What is the accumulated value of the investment at the end of 6 years?
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A:
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A:
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- An investor placed $2,000 per year at the end of each year into an investment account. Immediately after the 15th payment, the value of money in the account was $58,720. What is the average annual rate of return the investor has earned on the account? Group of answer choices 7.0% 9.0% 5.1% 6.3%Brian opened an RRSP account and deposited $3,300 into it. He then deposited $800 at the end of the 1st year and $625 at the end of the 2nd year, into the account. The RRSP was earning 3.20% compounded quarterly. a. What is the accumulated value of the investments at the end of the 2nd year? Round to the nearest cent b. What is the accumulated value of the investment at the end of 5 years? Round to the nearest centIf you invest $40,000 at 4% interest compounded annualy, approximately how much money will be in the account at the end of 6 years? O a. $49,648 O b. $46,868 O c. $55,527 O d. $50,612 e. $60,366
- Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually? 5.5% 6.0% 6.5% 45.5%Suppose you invest $1,250 in an account paying 8% interest per year. a. What is the balance in the account after 3years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 31 years? How much of this balance corresponds to "interest on interest"?Suppose you deposit $2899 into an account today In six years the account is worth $3,754 the account earned ____% per year
- Give typing answer with explanation and conclusion to all parts Scott opened an RRSP account and deposited $1,500 into it. She then deposited $1,000 at the end of the 1st year and $775 at the end of the 2nd year, into the account. The RRSP was earning 2.30% compounded quarterly. a. What is the accumulated value of the investments at the end of the 2nd year? Round to the nearest cent b. What is the accumulated value of the investment at the end of 6 years? Round to the nearest centSuppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The account earned _% per yearKim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded quarterly. a. How much is Kim's investment worth after 5 years? b. If Kim would have invested the money at the beginning of each 3-month period, rather than at the end, how much would be in the account?
- What is the balance in an investment account at the end of 5 years if $3,000 is deposited today and the account earns 4.00 % interest? O $3,781 O $3,929 O$ 3,650 O $3,933A3 Samuel made periodic deposits into a savings account at the end of every month for 2 years. The investments were earning 7.50% compounded quarterly and grew to $13,375.00 at the end of 2 years. a. Calculate the size of the month-end deposits. $542.77 $518.51 $446.40 $496.19 b. How long will it take for the $13,375.00 to accumulate to $39,295.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? 4 years and 3 months 5 years and 3 months 3 years and 3 months 3 years and 5 monthsSuppose you invest $1,200 in an account paying 4% interest per year. a. What is the balance in the account after 2 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"?