1.Calculate the compound amount when $4000 is deposited in an account earning 6% interest, compounded monthly, for 2 years.

Q: 7 is invested at the end of each 6 months for 6 equal payments at 0.27 compounded semi - annually.…

A: Given information : Periodic investment  $  1,287.00 Interest rate 27% Total installments 6…

Q: Find the compound amount and the amount of interest earned by the following deposit. $5,000 at 7.59%…

A: Compound interest and continuous compounding:Compound interest refers to the interest earned on any…

Q: The principal amount is P7000 at 6% compounded bi-monthly. Compute for the interest after 9 years.

A: Total interest rate for 9 years= (1+r/n)t*n -1 Where, r = rate of interest = 0.06 n = number of…

Q: At what effective annual rate of interest i will a payment of $7,000 accumulate to $8,179.57 in 4…

A: An effective annual rate is defined as the rate of an interest, which is actually earned on…

Q: Assume $300 is deposited every three years into an account earning an annual effective interest rate…

A: A sum of money is worth more now than it will be at a later time due to its potential for profits in…

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: 4. If $2,000 is invested in an account that earns 8.5% interest compounded annually for 5 years,…

A: Interest refers to the cost of borrowing funds or money from other parties. Interest usually is of…

Q: An amount of money P is deposited in a savings account that pays interest at a rate of r percent per…

A: It is simple formula which compounds the principal amount at number of times in a year. We use this…

Q: An amount of $1200 is deposited for 7 years in an account that earns 9% interest. (Round your…

A: P = $1,200R = 9% or 0.09 (as a decimal)T = 7 years

Q: Deposits of $500 are made at the end of every month for five years into an account earrfing 4.5%…

A: In this we have to calculate future value FACTOR and from that determine the future value of money.

Q: How much interest (in dollars) is earned in 9 years on $8,500 deposited in an account paying 5%…

A: Future value (FV) refers to the amount of money that an investment will be worth at a future point…

Q: 15. At the beginning of each of 7 years $500 was deposited on the account. At the end of each year…

A: Hence, the PMTs of $500 will be valued at $4,629.9013 at 7 years.

Q: An amount of $1800 is deposited for 7 years in an account that earns 7% interest. (Round your…

A: simple interest formula: I = P×r×t100where,p = principalr = rate of interestt = no of years

Q: What it the amount in an account after 3 years if $200 is deposited each quarter into the account,…

A: Compound = Quarterly Time = t = 3 * 4 = 12 quarter Payment = p = $200 Interest rate = r = 7 / 4 =…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Future value refers to the value of the current asset at some future date affected by interest…

Q: Find the final amount of money in an account if $1,400 is deposited at 2% interest compounded weekly…

A: The concept of the time value of money states that money if invested earns interest and if left idle…

Q: final amount of money in the account if $1200 is deposited at

A: Compounding quarterly can be considered as the interest amount which is earned quarterly on an…

Q: If $300,000 is deposited at a rate of 12% compounded bimonthly, determine the compounded interest…

A: Note: It has been assumed that bi-monthly means something which has occurred once in two months.…

Q: Suppose $7000 is deposited in an account that pays 6% per year compounded semi-annually. Find (a)…

A: Compound interest is the interest calculated on the principal and the interest accumulated over the…

Q: How much interest (in dollars) is earned in 7 years on $8,800 deposited in an account paying 7%…

A: To solve this problem, we can use the formula for compound interest: A = P(1 + r/n)^(nt) where: A…

Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded…

A: Quarterly deposits (D) = P36,000 Interest rate = 6% Quarterly interest rate (r) =…

Q: Consider a $1,800 deposit earning 10 percent interest per year for 7 years. How much total interest…

A: Interest on interest is that under which is earned by the investor on his interest earned amount…

Q: . A lump sum of $30,000 is invested at 6% compounded monthly for 15 years. For 15 years it then pays…

A: Present Value = $30,000 Interest Rate = 6% compounded Monthly Time Period = 15 Years

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…

Q: $ 143 is placed in an account that earns a nominal 8 percent interest, compounded quarterly.…

A: Initial Deposit (IV) = $143 Interest rate = 0.08 Quarterly interest rate (r) = 0.02 (i.e. 0.08 / 4)…

Q: Every six months, an amount of R2 200 is paid into a savings account. The applicable interest rate…

A: The accumulated amount is a crucial concept in finance, representing the total value of an…

Q: Ex. Find the amount and compound interest when Rs. 18,000 is invested for 4 years at 7% p.a. rate of…

A: Invested amount = Rs. 18,000 Interest rate = 7% Period = 4 Years

Q: Anna places $384 each quarter into an account that earns. If the account earns 1.41% interest…

A: Given data; Quarterly payment = $384 interest rate = 1.41% number of years = 7 Compounding frequency…

Q: 4. P1000 is invested every 3-months at 4.8% compounded continuously. How much will the annuity be…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A payment of $250 was made at the beginning of each month for 7 years into a savings account. After…

A: It is a case of calculation of interest earned on savings done for a period of time. It uses the…

Q: Suppose that $1,000 is deposited into an account paying simple interest of 8% annually. At the end…

A: Principal Amount = p = $1000Interest Rate = r = 8%Time = t = 5 YearsExpected Future Value = $1400