Sandy just received her annual bank statement. Exactly one year ago, she deposited $10,000 in a savings account. Today, her balance is $10,509.45. Sandy's savings account interest is compounded quarterly. Using simple interest as a guideline, Sandy received an annualized interest rate of___percent. a. 5, b. 5.5, c. 6, d. 6.5
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- 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$113,556.00A year ago your Aunt Sheri deposited $ 1 comma 000 in a bank account. One year later, there was $ 1 comma 090 in Aunt Sheri's account. What APR, compounded monthly, was the bank providing Aunt Sheri?The APR, compounded monthly, is closest to:Please provide Handwritten answer. Algebra Bianca is making quarterly contributions of $360 to her savings account which pays 6% interest compounded quarterly. Right after Bianca makes her 48th contribution, the bank changes the interest rate to 7.1% and Bianca makes 51 more $360 contributions. What is Bianca's balance right after her last contribution?
- Lorna deposited $1,400, at the beginning of every six months for 13 years, in an account at her credit union. If the account paid 8% interest, compounded semiannually, use Table 12-1 from your text to find the future value of her account. $58,304.27 $62,036.44 $64,517.90 $69,954.62Kia 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. $87,949.86Rebecca is making quarterly contributions of of $250 to her savings account which pays interest at the APR of 6.7%, compounded quarterly. Right after Rebecca makes her 52nd contribution, the bank changes the APR to 7.7% and Rebecca makes 43 more $250 contributions. What is Rebecca's balance right after her last contribution? $ Submit Question
- Melinda opened a savings account for her daughter on ? the day she was born, depositing $1,000: Each year on her birthday she deposits another $1,000 making the last deposit on her 21st birthday. The асcount рays 9.5% interest compounded annually. Find the total amount accumulated in the account at the end of the day on the daughters 21st birthday. (answer in whole number)Yolanda deposited $1,800 at the end of each six months for 2 years in a savings account. If the account paid 4% interest, compounded semiannually, use Table 12-1 to find the future value of her account. (Round your answer to the nearest cent.) $Since the birth of her granddaughter, 19 years ago, Holly has deposited $150 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 3.25% compounded monthly for the first 7 years and 3.75% compounded monthly for the next 12 years. a. What was the accumulated value of the RESP at the end of 7 years? Round to the nearest cent b. What was the accumulated value of the RESP at the end of 19 years? Round to the nearest cen c. What was the amount of interest earned over the 19-year period? Round to the nearest cent
- Melinda opened a savings account for her daughter on the day she was born, depositing $1,000: Each year on her birthday she deposits another $1,000 making the last deposit on her 21st birthday. The account pays 9.5% interest compounded annually. Find the total amount accumulated in the account at the end of the day on the daughters 21st birthday. (answer in whole number)Amishi deposited $800, at the end of each six months for 19 years in a savings account. If the account paid 8% interest, compounded semiannually, use the appropriate formula to find the future value of her account. (Round your answer to the nearest cent.) $ _____Since the birth of her granddaughter, 15 years ago, Adrian has deposited $250 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 3.75% compounded monthly for the first 8 years and 4.50% compounded monthly for the next 7 years. a. What was the accumulated value of the RESP at the end of 8 years? $0.00 Round to the nearest cent b. What was the accumulated value of the RESP at the end of 15 years? $0.00 Round to the nearest cent c. What was the amount of interest earned over the 15-year period? $0.00 Round to the nearest cent