4. What account should you invest your money in? (Hint. Calculate the APY of each account)  Account 1: Compounded annually with APR of 3%Account 2: compounded monthly with APR of 2.75%

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A: Here aked to calculate time for deposit in months.  Interest = principal amount* rate* time

Q: If you deposit $150 in an account with an APR of 6% and continuous compounding, the balance after 2…

A: Information Provided: Principal = $150 APR = 6% Time = 2 years

Q: Question 3: Suppose you make $100 quarterly deposits to your saving account which earns an interest…

A: Quarterly deposit (q) = $100 Number of deposits (n) = 12 (i.e. 3 years * 4) Interest rate = 0.15…

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A: Investment refers to employing capital funds to generate capital gain yields. The investment…

Q: Looking for steps on how to solve it using: y=p(1+r/n)^nt

A: Introduction Future Value The value derived for the money invested today, based on the time value…

Q: If you wish to withdraw $200 at the end of EACH of the next 3 years earning 3.5% per year, what…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: You deposit $ 6,957 in an account that pays 1 % simple interest. How much do you have after 12…

A: Deposit amount (P) = $ 6,957 Interest rate (r) = 1% Period (t) = 12 Years

Q: An Account has an balance of $3500 an earns an  annual compound intrest rate over 2 yrs leaving the…

A: Future value ($4,390.08) is the worth of cash we have today ($3,500) after 2 years. Basically…

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A: Over the course of a predetermined period, regular payments are made on a loan, with each payment…

Q: You borrow $2600 at 6% APR to purchase a computer. You plan to make monthly payments of $28.86 until…

A: The amortization table is a presentation method of installment payments, interest amount…

Q: Who will have more money in their account after 20 years? How much more? x within your choice.

A: Time value of money (TVM) means that the amount of money received in the present period will have…

Q: eposits of 100 are made to an account today and one year from today. The annual force of interest at…

A: Force of interest is interest compounding continuously and is the highest form of the compounding.

Q: A friend of yours borrows $19,500 from the bank at 8% annually to be repaid in 10 equal annual…

A: Calculation of installment amount: Installment amount = Amount / Present value annuity factor (PVAF)…

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A: Given:FV = $25,390P = $360r (monthly interest rate)n=12 (compounded monthly)

Q: Use the formula P = 1+ A nt 1 to determine the periodic deposit. Periodic Deposit Rate Time…

A: Number of years = 8Interest rate = 10% compounded semi-annuallyFinancial goal = $350,000To find:…

Q: Mark Welsch deposits $7,100 in an account that earns interest at an annual rate of 4%, compounded…

A: Present Value = pv = $7100Compound = Quarterly = 4Interest rate = r = 4 / 4 = 1%Time = t = 2 * 4 = 8…

Q: You have taken out a loan of $22,000 for 4 years with an interest rate of 3% compounded annually.…

A: Step 1 Equal periodic loan payments are intended to pay off the debt at the end of a set period of…

Q: A design studio purchase a camera. If they settled the loan in 2 years by making quarterly payments,…

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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: Suppose that you deposited $1,000 in a savings account at the beginning of a year where the annual…

A: Deposit = $1,000 Annual interest rate = 18% Compounding = monthly

Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

A: We need to use compound interest formula to calculate account balance after 6 years A=P(1+i)n where…

Q: You deposit $200 in an account earning 7% compound interest for 6 years. Find the future value and…

A: Future value refers to the projected monetary worth of an investment or asset at a specified date in…

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A: The objective of the question is to calculate the size of the quarterly payments that need to be…

Q: You have taken a loan of $5,000.00 for 4 years at 2.3% compounded monthly. Fill in the table below:…

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Q: You deposit $5000 each year into an account earning 4% interest compounded annually. How much will…

A: Future value is that amount which will be require to paid at some specified period of time. It…

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A: Given: Future Value of deposit "FV" = P16000 Annual interest rate = 7%  Number of compounding "m" =…

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A: Interest on savings account is calculated on daily balance in the account.

Q: How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000…

A: Compounding interest the interest you earn interest on interest amount.

Q: Activity 1.1 Directions: Complete thetable by comOting the future value and present value of an…

A: Please see the next step

Q: Find the present value of an account if the future value is $4,200 at 6 #% simple $ interest from…

A: Present value is the current value of a future amount with a specified rate and at a specified time.…

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Q: 16. Use the section of an amortization table shown here to answer the following questions. 1 2 3 4 5…

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A: Compound interest is referred as the interest which is calculated on principal amount which involves…

Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…

A: