A bank account pays 4.5% annual interest, compounded monthly. How much must be deposited now so that the account contains exactly $11,000 at the end of one year? $must be deposited now so that the account contains exactly $11,000 at the end of one year (Do not round until the final answer. Then round to the nearest cent as needed)

Someone deposits $3,500 in their retirement account every year. If their account pays an average of 6% interest and they make 38 deposits before they retire, how much money can this person withdraw in 20 equal payments beginning one year after their last deposit?

You deposit $200 each month into an account earning 5% interest compounded monthly. a) How much will you have in the account in 15 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $

Suppose you borrowed $10, 000 at an interest rate of 12% compounded monthly over 48 months. At the end of the first year (after 12 payments), you want to negotiate with the bank to pay off the remainder of the loan in 12 equal quarterly payments. What quarterly payment must be made if the nominal interest rate (12%) and compounding frequency (monthly) remain the same? Please explain well. Show cash flow diagram