A deposit of $800 is planned for the end of each year into an account paying 8 percent/year compounded annually. The deposits were not made for the tenth and eleventh years. All other deposits were made as planned. What amount will be in the account after the deposit at the end of year 25? Select one: a. $59,537 b. $55,397 c. $53,597 d. $55.397

Q: 7 is invested at the end of each 6 months for 6 equal payments at 0.27 compounded semi - annually.…

A: Given information : Periodic investment  $  1,287.00 Interest rate 27% Total installments 6…

Q: Find the interest rate for a $8500 deposit accumulating to $11,612, compounded annually for 6 years.…

A: A = the final amount (in this case, $11,612) P = the principal (initial deposit) (in this case,…

Q: Explain how each of the following liabilities would be classified in the balance sheet:∙ A note…

A: Notes payable: Notes payable is the promissory note which has been issued by the company for their…

Q: 5. Assuming making four annual deposits of ($ 1000), and the first payment occurs at the end of the…

A: Annuity can be defined as a series of payments or receipts of equal amounts of money at equal…

Q: Deposits are made at the end of years 1 through 7 into an account paying 6% per year interest. The…

A: Future value  is the worth of any asset or any sum of money at a future date when such asset or…

Q: Assume $300 is deposited every three years into an account earning an annual effective interest rate…

A: A sum of money is worth more now than it will be at a later time due to its potential for profits in…

Q: Forty eight monthly deposits are made into an account paying 6% nominal interest per year compounded…

A: Amount of each deposit = M Number of deposits (n) = 48 r = 6% per annum = 0.5% per month Accumulated…

Q: An investor makes a 15 year deposit of $57,632. The bank is paying an interest rate of 11% per year,…

A: The value of deposit is $57,632. The maturity period is 15 years. The annual interest rate is 11%.…

Q: An annual deposits of A1=$1,500 in a saving account is made for 6 years starting year 1. In year 9,…

A: Given: A1 = $1500 n1 = 6 years In year 9 - OTD - $3500 In year 11 - OTW - $2500 From year 12: A2 = ?…

Q: Starting three years from today, you make equal annual deposits of $5,000 into an account which…

A: Effective annual rate is calculated using the formula: EAR=1+rmm-1=1+12%22-1=1.062-1=12.36%

Q: Assuming a 360-day year, when a $9,300, 90-day, 6% interest-bearing note payable matures, total…

A: Note payables means an instrument acknowledging the debt due from company to outsider after certain…

Q: A depositor opens a new savings account with 8,000 at 8% compounded semiannually. At the beginning…

A: The concept of time value of money will be applied here. We have to find the amount at the end of…

Q: 6667.63 is deposited in a bank that pays 18% annual intere compounded monthly. At the end of the…

A: Here the FV at the end of last withdrawal is 0.

Q: A given account accrues two kinds of deposits for a period of 7 years. One is a leveled deposit of…

A: Deposit account is a financial service offered by banks and other financial institutions to their…

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: Using the table in handbook, the value Multiple Choice $106.03

A: The right answer is d $106.30

Q: 5. Assuming four annual deposits of ($1,000) are made, and the first payment occurs at the end of…

A: Annuity can be defined as a series of payments or receipts of equal amounts of money at equal…

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

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Q: Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of…

A: Future Value = Present Value * (1+rate)^n Where, Rate = 9%/2 = 0.045 n = no. of compounding period =…

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: Assuming that four annual deposits of ($1000) are occurred but the first payment deposit at end of…

A: The annual payments are going to occur will be equivalent to the future value of annual payment that…

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: Assuming a 360-day year, when a $17,100, 90-day, 8% interest-bearing note payable matures, total…

A: The note payable is issued to creditor as a promise to pay in future.

Q: The following certificate of deposit (CD) was released from a particular bank. Find the compound…

A: Deposit amount (P) = $3500 Interest rate (r) = 8% Number of compounding per year (m) = 365 Period…

Q: The amount that accumulates in 3 years if $ 2,500 is deposited at the beginning of each month in a…

A: Monthly payment = $2,500 Interest rate = 6.3% Time period = 3 Years

Q: Parts a–c for each of the following cases. Answer parts a–c for each of the following cases.…

A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…

Q: How much must be deposited at 12% each year beginning on January 1, year 1, in order to accumulate…

A: Future value The method that helps to calculate the future worth of an investment made today is…

Q: A regular deposit of $120 is made at the beginning of each year for 20 years. Simple interest is…

A: Simple interest is the interest paid or computed only on the principal amount of money. It odes not…

Q: If $4,354 is invested at the end of each year for 7 years at 0.05 compounded annually. What is the…

A: Total dollar amount available upon the deposit of the 7th payment = P{[(1 + r)^n - 1] / r}

Q: A deposit is made every half-year into a savings account paying 3% interest compounded semiannually.…

A: Annual interest rate (r): 3%, or 0.03 as a decimal.Compounding periods per year (n): 2 (semiannual…

Q: If the interest is deposited into a non interest bearing account B, what is the balance in account B…

A: The first investment is effectively a payout annuity where the interest amount is withdrawn each…

Q: A depositor opens a new savings account with $11,000 at 7% compounded semiannually. At the beginning…

A: While making deposits into savings accounts, an individual might deposit some amount at the…

Q: Calculating deposit needed You put $7,000 in an account earning 7%. After 2 years, you make another…

A: The objective of the question is to find out the amount of the deposit made at the end of year 2.…

Q: Assuming a 360-day year, when a $14,700, 90-day, 12% interest-bearing note payable matures, total…

A: The term note payable refers to the promissory agreement between two parties in which one party…

Q: Assume that you deposit $1,000 in an account earning 5% simple interest for 3 years. What is the…

A: Given: Deposit = $1,000 Interest rate = 5% Years = 3

Q: A college savings fund is opened with a $12,000 deposit. The account earns 6.55% annual interest…

A: Present value = pv = $12,000 Interest rate = r = 6.55% Time = t = 18 years