Determine the interest rate earned on an $800 deposit when $808 is paid back in one year.

Q: Most people prepare for retirement by depositing money into a monthly or annual savings plan. An…

A: Here, Monthly Deposit is $454 Nominal Interest Rate is 19% Compounding Period is Quarterly i.e 12

Q: Assume you deposit $4,200 at the end of each year into an account paying 10 percent interest. a. How…

A: The fixed periodic regular payments/deposits made at each periodic interval are recognized as…

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: An amount of money P is deposited in a savings account that pays interest at a rate of r percent per…

A: It is simple formula which compounds the principal amount at number of times in a year. We use this…

Q: If you make quarterly deposits of $425.00 into an ordinary annuity earning an annual interest rate…

A: Annuity is the series of equal cash payments over the period.

Q: A person opens a bank account with a deposit of $150 what is the future value of this amount after 3…

A: In the Given Question we are required to calculate the future value of $150 deposited today for 3…

Q: A person deposits 200.00 riyals at the end of each month for a year in a bank, and it has been found…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: You deposit 500 in an account on January 1, 2003. Interest is credited each year on December 31, at…

A: The amount of money that we deposit in banks earn interest. Usually the banks pay interest at a flat…

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Future value = Present value ( 1 + rate of interest )Period Future value = Amount deposited * Future…

Q: A bank account pays 5.2 % annual interest compounded semiannually. How much money should be…

A: The amount to be deposited today can be calculated with the help of present value function Future…

Q: Suppose that you had deposited $125 in a bank account for each of the last 5 years. What annual…

A: Amount deposited per year is $125 Time period is 5 years Amount in account is $758.92 To Find:…

Q: Suppose an account pays 12% simple annual interest, and $6,316 is deposited into the account. If the…

A: Simple interest is the interest calculated on the initial deposit amount. Interest is deposited…

Q: How long will it take to $200 of interest if $1000 has been deposited into an account with an…

A: Time value of money tries to impart the concept and importance of monies worth today as compared…

Q: Find the future value of a deposit of $15000 at 6% interest compounded monthly for 11 years.

A: As per the guidelines if multiple questions are asked at once, then the solution for the first…

Q: A deposit of $6,000 earns interest at 7% p.a. compounded quarterly for four years and five months.…

A: Future Value represents the projected worth of an investment or sum of money at a specified future…

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: ocasionally a savings account may actually pay interest compounded continuously. For each deposit,…

A: A method of calculating interest or investment growth known as continuous compounding involves…

Q: Determine the interest rate earned on a $200 deposit when $208 is paid back in one year.

A: In this question we require to compute the interest rate that will make deposit of $200 into $208 in…

Q: A $1000 deposit in an account earns interest at an annual nominal rate of 8.00%. Interest is…

A: Future value is the accumulated value of a sum of money deposited for a specified period of time at…

Q: a $1,400 deposit when $1,800 is paid back in one year. (Round your answer to 2 decimal places.)

A: Interest earned is the amount of interest gained from assets that pay the bearer a regular series of…

Q: If James deposits $2,000.00 in a fixed deposit for 1 year, what will be the difference in the…

A: Simple interest is based only on the principal amount. On the other hand, compound interest is based…

Q: Please do not answer this question in excel thank you in advance. A deposit of $2,500 is made into…

A: Future value is the value of an asset which grow to a higher value in future. It helps to make…

Q: With an initial deposit of 200 dollars, the balance in a bank account after t years is f(t) =…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Find the future value of an annuity in 18 years if you deposit $85 at the end of each compounding…

A: Future value  of annuity formula: FVA=A×1+RMM×N-1RM where, A = annuity R=rate of interest M =…

Q: Compute and compare the following interests situations if you deposit $2500 into an account with…

A: When we make an investment or deposit money in a bank our invested amount grows. This is because…

Q: • What rate of interest is earned on a non- redeemable term deposit that grows from $5000.00 to…

A: The term deposit is an investment that locks the money for a specific maturity and provides a fixed…

Q: A loan of $5000 earns $750 interest in 1.5 years. Find the rate of interest.

A: Interest amount = Principal * Rate * Time duration

Q: A payment of $250 was made at the beginning of each month for 7 years into a savings account. After…

A: It is a case of calculation of interest earned on savings done for a period of time. It uses the…

Q: Determine the interest rate you will pay if you are approved for a loan of $112,000 with annual…

A: Interest Rate: It helps in the computation of the present value or future value of…

Q: You deposit $1,000 in the bank at an annual interest rate of 8%. Interest is compounded once per…

A: Present Value, PV = $1,000 Interest rate per period, r = 8% Number of compounding periods, n = 1 The…

Q: James made an initial deposit into an account of $1,000 at time t = 0, followed by five annual…

A: Present Value(PV) refers to current value of amount that is to be paid or received in future. It is…

Q: You invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for…

A: Formula: A = P ( 1 + ( R / N )NT ) P = Principal R = Rate of interest N = Number of times…

Q: A deposit of $800 is planned for the end of each year into an account paying 8 percent/year…

A: Given, Annual deposit = $800 Interest rate = 8% p.a  (Compounded annually) Deposits were not made…

Q: An investor makes a 14 year deposit of $6,991. The bank is paying an interest rate of 16.69% per…

A: We can use the formula for compound interest to find the number of periods: A = P*(1 + r/n)^(n*t)…

Q: Which of the following are examples of diversifiable risk? 1. I. An earthquake damages an entire…

A: Diversifiable risk refers to the risk which shows the price changes of security due to its…

Q: Find the effective interest rate for a loan for four years compounded semiannually at an annual rate…

A: Effective Interest rate is rate effectively we are paying on a loan on annual basis when compounding…

Q: If you withdraw part of your money from a certificate of deposit before the date of maturity, you…

A: Interest is the return earned on the investment. When an amount is withdrawn early, the bank levies…

Q: Calculate the amount of money that will be in each of the following accounts at the end of the given…

A: Based on the number of compounding, the periodic interest rate and period are calculated. With…

Q: Find balance after seven years $250 deposit at 3.8 interest rate quarterly.

A: Compound = Quarterly = 4 Time = t = 7 * 4 = 28 Present value = pv = $250 Interest rate = r = 3.8 / 4…

Q: 5. A deposit of $2450 is made into an account drawing 4.26% interest compounded quarterly. Find the…

A: Interest is an extra amount which is received or paid on deposited or borrowed amount. Interest…

Q: You want to accumulate $12000 in a 5% account by making a level deposit at the beginning of each of…

A: The problem involves accumulating $12,000 in a 5% interest account over the next 9 years through…

Q: Calculate the future value (in dollars) of $1,150 deposited into an account earning an annual simple…

A: Deposit = $1,150Interest rate = 6%Number of years = 3To find: The future value of the deposit after…

Q: What will be the maturity value of $5,000 deposited in a three-year certificate of deposit that…

A: In the present question we require to calculate the maturity value i.e. future value from the…