Beginning in​ January, a person plans to deposit ​$1000 at the end of each month into an account earning 6​%compounded monthly. Each year taxes must be paid on the interest earned during that year. Find the interest earned during each year for the first 3 years.              The interest earned during the first year is

Alvin has $16000 in his saving account. For how long can he withdraw $1600 be from the account at the end of every quarter starting one month from now if interest is 6% compounded semi- annually?

Sara deposits $13,900 into an account. For the first two years, money in the account earns 5.5% annual interest. After that. the interest rate jumps to 5.8% annual interest. How much would be in the account at the end of 4 years

Monica invests $1600 into an account the beginning of each quarter for 9 years, starting from today. Interest is to be paid at an interest rate of 1.4% per month, compounded quarterly. Peter, would like to invest two lump sums at the beginning of the 2nd year and 4th year, with the lump sum payment 2 times greater at the 4th year than the 2nd year. Peter's account receives the same interest rate as Monica. Determine the effective interest rate per quarter under this investment. Round your answer to the nearest 0.01% Determine the future value of Monica's investment at the end of the 9 years. Round your answer to the nearest $100 Determine what lump sum Peter must invest at the beginning of the 2nd year that would yield the same yield value as Monica by the end of the 7 years. Round your answer to the nearest $100.

To attend school, Arianna deposits $160 at the end of every month for three and one-half years. What is the accumulated value of the deposits if interest is 9% compounded quarterly? The accumulated value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

How much should a family deposit at the end of every 6 months in order to have $ 4000 at the end of 3 years? The account pays 4.6% interest compounded semiannually. (Round your final answer to two decimal places.)

To attend school, Aisha deposits $360 at the end of every quarter for three and one-half years. What is the accumulated value of the deposits if interest is 12% compounded semi-annually? The accumulated value is:

You deposit $1,500 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Six years after your deposit, the savings account again changes its interest rate; this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to 6% compounded annually. a. How much money should be in the savings account 18 years after the initial deposit, assuming no further changes in the account's interest rate? b. What interest rate, compounded annually, is equivalent to the interest pattern of the saving account in Part (a) over the entire 18 year period? a. $ should be in the savings account 18years after the initial deposit. (Round to the nearest dollar.) b. The interest rate equivalent to the interest pattern of the saving account in Part (a) over the…

How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 3 years? The account pays 5.3% interest compounded semiannually. (Round your final answer to two decimal places.)

An uncle has deposited $10,000 into an account that is paid quarterly at an annual rate of 2%. The aunt wants to make a total of 20 regular quarterly payments from this account to the niece's account at the beginning of each quarter. How many quarters should the payments be deferred to achieve a regular payment of $550 per quarter? Round your answer up to nearest whole quarter.