Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of deposit (CD) that pays a nominal annual interest rate of 9 percent, compounded under either of the following three terms. Round your answers to the nearest cent. Semiannually $   Quarterly $   Monthly $

Find the compound amount for the following deposit. $18,000 at 6% compounded semi-annually for 7 years. The compound amount after 7 years will be $ (Round to the nearest cent.)

James made an initial deposit into an account of $1,000 at time t = 0, followed by five annual deposits of $200 at times t = 1,2, 3, 4, 5. James will receive payments from the account at times t = 7, 8, 9, starting at $1,500 and decreasing by $X per year. The balance in the account after the last payment is $0. Determine X given an effective annual interest rate of 7%. Hint: Sketch a time diagram to see the payments. Possible Answers A $490 but < $530 D 2 $530 but < $570 E 2$570

What annual interest rate do you need to find in order for a deposit of $500 to grow to $1,685 in 13 years if the bank compounds interest weekly? Select one: O a. 8.89 percent O b. 8.42 percent O c. 7.95 percent O d. 9.35 percent 0 e. 9.80 percent