Chen opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on November 1, 2010, and $2000 on June 1, 2012. How much is in his account on October 1, 2016, if the deposit earns 5.9% p.a. compounded monthly?
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Chen opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on November 1, 2010, and $2000 on June 1, 2012. How much is in his account on October 1, 2016, if the deposit earns 5.9% p.a. compounded monthly?
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- Gabe opened an RRSP deposit account on December 1, 2008, with a deposit of $2000. He added $2000 on November 1, 2010, and $2000 on April 1, 2012. How much is in his account on August 1, 2016, if the deposit earns 8.3% p.a. compounded monthly?Haatimvopened an RRSP deposit account on December 1, 2008, with a deposit of $1400. He added $1400 on September 1, 2010, and $1400 on March 1, 2012. How much is in his account on April 1, 2016, if the deposit earns 6.3% p.a. compounded monthly? The amount in the account is?Trina opened a deposit account on December 1, 2016 with a deposit of $5 000. She added $2000.00 on September 1 2018 and will add $ 6000 on December 1, 2023. How much will be in the account on June 1, 2024 if the deposit earns 12% compounded monthly?
- Dave borrowed $550 on January 1, 2022, and paid it all back at once on December 31, 2022. The bank charged him a $3.50 service charge, and interest was $40.70. What was the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Annual percentage rate %Mark deposited P1,200 in an account that pays 3 2% compounded monthly. He continues to deposit the same amount every end of the month. If the first deposit was made on June 1, 2017, how much is in the account just after the deposit is made on December 1, 2027?Dave borrowed $730 on January 1, 2019. The bank charged him a $4.00 service charge and interest was $54.40. If Dave paid the $730 in 12 equal monthly payments, what was the APR? (Enter your answer as a percent rounded to 1 decimal place.) Annual percentage rate %
- Slim made a single deposit of $5,000 in an account that pays 7.2% in 2012. What equal-sized annual withdrawals can Slim make from the account if the first withdrawal occurs in 2017 and the last occurs in 2022?You deposit 500 in an account on January 1, 2003. Interest is credited each year on December 31, at a rate of 4% on the first 1000 in the account on January 1 of that year and 5% of any excess over 1000. Just after interest is credited on December 31, 2032, X is in the account. Calculate X.Dave borrowed $1,300 on January 1, 2022. The bank charged him a $5.00 service charge, and interest was $78.20. If Dave paid the $1,300 in 12 equal monthly payments, what was the APR?
- Suppose that you opened a savings account on January 1st, 2010, and made a deposit of $1000. On January 1st, 2011, you began depositing $100 into the account at the end of each month. If the bank pays 2% interest compounded monthly, how much money will be in the account on January 1st, 2022? Round to two decimal places.On June 3, 2014, Crystal Nelson deposits $8,000 in an account earning 2.5% compounded daily. What will the future value of this account be on December 15, 2025?vince has just opened an 18-month certificate of deposit on which interest compounds daily. he deposited $4,635 and the effective rate of interest is 4.73%. how much total interest will he earn?.