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

Q: What is the future value of a single $5,000 deposit earning 8 percent interest, compounded monthly,…

A: Formula:

Q: You make periodic deposits of $100 at the end of every six months to an account that pays 4.5%…

A: Part a: Calculating the Future Value of the Account 1. Interest Rate Per Period: The interest rate…

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: Deposits are made at the end of years 1 through 7 into an account paying 6% per year interest. The…

A: Future value  is the worth of any asset or any sum of money at a future date when such asset or…

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: Robert deposit $5000 into an account paying simple interest at a rate of 2.5%. A. Give the future…

A: The formula to calcuate simple interest is  P*r*t Where P is the amount deposited  r is the interest…

Q: If the bank compounds interest annually, how much will you have in your account on January 01, 2021?

A: It has been given in the question that the interest which a bank credits into the account has been…

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: 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: Whatis the future sum of 1,900, given that it will be held in the bank for 25 years and earn 17…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: after six months you deposit R1700 jnto an ordinary savings account, at 7,5% interest per anum,…

A: In this we have to calculate future value using future value formula.

Q: If a deposit of $100 is made on the first day of each month into an account that pays 6% interest…

A: The compounding method is used to determine the future value of cash that is deposited today. Given;…

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: You deposit $3,500 at the end of the year (k = 0) into an account that pays interest at a rate of 7%…

A: Initial deposit = $3,500Interest rate in 1st year - 7% (Compounded annually)After 1 year, interest…

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: Consider a $1,800 deposit earning 10 percent interest per year for 7 years. How much total interest…

A: Interest on interest is that under which is earned by the investor on his interest earned amount…

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: 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: Determine the amount of money in a savings account at the end of 5 years, given an initial deposit…

A: Compounding: It is the practice by which the interest is credited both to an existing principal…

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: A payment of $4,500 was made into an account at the end of every 3 months for 12 years. a. If the…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a future…

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: • 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: You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6%…

A: Compound interest also referred to as interest on interest, reinvests the interest earned in a…

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: The amount of $7,000 is invested in a certificate of deposit (CD) and will be worth $16,000 in nine…

A: Invested amount=$7000Worth in 9 years=$16000

Q: If you deposit $368.00 into an account paying 15.46% annual interest compounded quarterly, how many…

A: The concept of time value of money will be used and applied here. As per this concept the worth of…

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 deposit $9000 into a bank account that pays 3.15% annual interest, compound quarterly. How much…

A: The time value of money is a concept in finance that accounts for the effect of compounding in…

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: bank pays 5.25 percent compounded monthly on certificate accounts running for 6 years. Using 365…

A: The accumulated sum of money received after a certain period by making a deposit or investment at a…

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: 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: You decide to deposit $126 monthly in a 3.2% annual interest bearing account over the next 18 years.…

A: The future value of annuity is used to determine the value of a series of payments in future at a…