Use 365 for the number of days in a year. Calculate the future value (in dollars) of $1,150 deposited into an account earning an annual interest rate of 5% compounded daily after 4 years. (See Example 1 in this section. Round your answer to the nearest cent.) A deposit of $20,000 is placed in a scholarship fund that earns an annual interest rate of 4.75% compounded daily. Find the value (in dollars) of the account after 2 years. (Assume all years have 365 days. Round your answer to the nearest cent.) ×

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $90,000 in a fund paying 4% per year, with monthly payments for 10 years PMT = $______

Find the amount of each payment to be made into a sinking fund earning 8% compounded monthly to accumulate $51,000 over 8 years. Payments are made at the end of each period The payment size is s (Do not round until the final answer. Then round to the nearest cent.) TE

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $10,000 in a fund paying 6% per year, with monthly payments for 10 years

Find the amount of each payment to be made into a sinking fund earning 7 % compounded monthly to accumulate $33,000 over 9 years. Payments are made at the end of each period. The payment size is $ (Do not round until the final answer. Then round to the nearest cent.)

Listen How much money must be deposited into an account paying interest at 5% compounded annually in order to fund a yearly scholarship of $2,000 with the first payment in one year and continuing forever? Your Answer: Answer

A college savings fund is opened with a $12,000 deposit. The account earns 6.55% annual interest compounded continuously. What will the value of the account be in 18 years? $26,704.29 $38,704.29 $27,013.46 $39,013.46 . By formula only please correct ans

Find the amount of each payment to be made into a sinking fund earning 9% compounded monthly to accumulate $86,000 over 5 years. Payments are made at the end of each period. The payment size is $. (Round to the nearest cent.)

You deposit $600 today into a fund that you intend to leave invested for 6 years. The fund earns 6% interest compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the value of the fund to be accumulated at the end of year 6? (Round future value answer to two decimal places (e.g., 52.75) and interest rate to one decimal place (e.g., 527.5).) Inputs Calculator N Keys Future value $ 6 I 6 PV 600

Find the periodic payments PMT necessary to accomulate the given account in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)            $20,000 in a fund paying 2% per year, with quarterly payments for 20               years. PMT = $