7. Darlene invests $500 for 6 years at 4% interest per year, compounded annually. Determine the amount in the account after 6 years.
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- Laura deposited $1,100 at the end of every month into an RRSP for 6 years. The interest rate earned was 4.75% compounded semi-annually for the first 4 years and changed to 5.00% compounded monthly for the next 2 years. What was the accumulated value of the RRSP at the end of 6 years?Maria deposits $1,000 in her account at a rate of 3% per year as interest for 2 years. what is the interest percent?Vanessa deposited $1,300 at the end of every month into an RRSP for 7 years. The interest rate earned was 4.50% compounded semi-annually for the first 3 years and changed to 4.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 7 years?.
- Karina invests X at the end of each year into an account which earns an annual effective interest rate of 7%. Karina’s balance at the end of 13 years is 100,703.21. Determine X.Joe and Angela deposited $4800 in a saving account that pays 6% interest compounded annually. This means 6% interest is added to the account at the end of each year. How much will be in Joe and Angela's account after five years?Julia deposited $900 at the end of every month into an RRSP for 7 years. The interest rate earned was 4.50% compounded semi-annually for the first 3 years and changed to 4.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 7 years? (Round to the nearest cent).
- 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.) $Camille Noah is investing $5,000 in an account that pays an annually compounded rate of 6.75 percent for three years. What is the interest on interest if interest is compounded?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 .....
- At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8% compounded annually. How much is in the account today? How much would be in the account if the deposits were made at the beginning of each year (PMT Type) than at the end of each year? (Use Future Value of an Annuity1. Crystal deposited $16,000 in a new savings account at 7% interest compounded semiannually. At the beginning of year 4, Crystal deposits an additional $41,000 at 7% interest compounded semiannually. At the end of 6 years, what is the balance in Crystal’s account?Sammi deposits $12000 at the beginning of each 6-month period into a special savings account. This account will last for 7 years and pays the interest rate of 6% compounded semi-annually. What will be the balance when she closes the account in 7 years? $.......