A bank saving account offers 4% compounded on a quarterly basis. A customer deposit $200, in this type of account, at the start of each quarter starting with the first deposit on the first of January and the fourth deposit on the first of October. What is the total amount in his account at the end of the year?

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Find the interest rates in the following situations. a. APR = 7%, compounded monthly. Find the effective annual interest rate. b. Nominal rate is 10% compounded quarterly. Find the effective semi-annual rate. c. The effective annual interest rate is 16.28% and compounding is monthly. Find the nominal interest rate.

On January 1, you deposit $5,000 in a credit union that pays 8% nominal annual interest, compounded quarterly. You wish to withdraw all the money in five equal yearly sums, beginning 31 December of the first year. How much should you withdraw each year?

You deposited $400 in a savings account 20 years ago, earning 5% compounded quarterly.  Today, you withdrew the entire balance of $1,080.59.  What is the present value?

You borrow $6,000 for 90 days at 6.5% interest.  The lender uses a 365-day year.  You make a payment of $1,400 on day 36 (36 days after getting the loan).  Calculate your balance after the $1,400 payment is applied.

follow instructions. don't forget to make the diagram

“A company borrowed $100000 from a bank at an interest rate of 10% compounded monthly. The loan will be repaid in 36 equal monthly installments over three years. What is the amount of this monthly installment payment?”

A $200,000 loan is to be repaid in equal yearly payments over 25 years at an interest rate of 4% compounded annually. To pay off the loan in its entirety at the end of the 16th year, how much must be paid?

What sum deposited today at 9% compounded annually for 18 years will provide the same amount as $2100 deposited at the end of each year for 18 years at 8% compounded annually? What sum would have to be deposited today at 9% interest compounded annually? $ (Round to the nearest cent.)