An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per year (payable at the end of each year). He leaves the money and all accrued interest in the account for 7 years. How much will he have at the end of the 7 years?   What is the future value in SEVEN years if you receive $300 in two years and $500 at the end of five years? Assume an annual compound rate of 8.5%.   What is the value of $2000after one year, if bank compounding half yearly and offered rate is 10%?   What is the value of $2000 after one year if bank compounding quarterly and offered rate is 10%?   What is the value of $2000after one year if bank compounding monthly and offered rate is 10%?

You would like to have $78,000 in 12 years. To accumulate this amount, you plan to deposit an equal sum in the bank each year that will earn 9% interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should the lump-sum deposit be? (Assume you can earn 9% on this deposit) c. At the end of year 5, you will receive $10,000 and deposit it in the bank in an effort to reach your goal of $78,000 at the end of year 12. In addition to the lump-sum deposit, how much must you invest in 12 equal annual deposits to reach your goal? (Again, assume you can earn 9% on this deposit)

Cheryl is setting up a payout annuity with her bank. She wants to receive a payout of $1200 per month for 20 years. A. How much will she have to deposit if she earns 8% interest compounde monthly? B. What's the total she will receive from her payout annuity?

A person borrows an amount for a new house and s/he is going to make monthly payments of 8,000 $ for the next 10 years. The nominal annual interest rate is quoted as 12%. (Assume the first instalment is going to be paid 1 month after s/he borrows.) a. Find the amount borrowed by this person. o. How much does this credit worth at the end of the last payment date? c.lf this person decides on closing his/her loan after paying the 34th instalment, how much should s/he pay? It is given that the closing fee of this credit is 1,453 $.