Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Determine the interest rate earned on a
$200 deposit when $208 is paid back in
one year.
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- Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $1,700 is deposited quarterly for 20 years at 7% per yeararrow_forwardFind the future value of an annuity in 18 years if you deposit $85 at the end of each compounding period into an account paying 2.00% compounded monthly. $7344.75 $ 26295.83 $ 22077.90 O $3661.53arrow_forwardCompute and compare the following interests situations if you deposit $2500 into an account with 3.5% interest for 10 years. 20) The account pays simple interest. 21) The account pays compounding interest monthly. 22) The account pasy continuously compounding interest. 23) How much difference is there between the three different types of interest? Explain.arrow_forward
- Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $200 is deposited monthly for 10 years at 7% per year in an account containing $6,000 at the startarrow_forwardUse the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate Time $30 at the end of each month 5% compounded monthly 10 yearsarrow_forwardDetermine the value of an ordinary annuity if $100 is deposited each month into an account earning 4.1% interest compounded monthly for 25 years.arrow_forward
- Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest ten dollars.) $500 deposited monthly for 14 years at 4% per yeararrow_forwardFind the future value of an ordinary annuity of $700 paid at the end of each year for 4 years, if interest is earned at a rate of 6%, compounded annual. The future value is $ (Round to 2 decimal places.)arrow_forwardSuppose you deposit $1,181.00 into an account 5.00 years from today. Exactly 18.00 years from today the account is worth $1,800.00. What was the account's interest rate?arrow_forward
- How much will a registered retirement savings deposit of $23 700.00 be worth in 8 years at 6.54% compounded semiannually? How much of the amount is interest?arrow_forwardCompute the present value of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 4 using an 8 percent interest rate.arrow_forwardFind the future value of an annuity in 16 years if you deposit $110 at the end of each compounding period into an account paying 3.00% compounded quarterly. O $9146.90 $ 8993.34 O $ 2217.26 O $ 8445.74arrow_forward
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