How much interest will an account earn if you deposited $665 at the end of every six months for 8 years and the account earned 4.00% compounded semi-annually? Round to the nearest cent
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How much interest will an account earn if you deposited $665 at the end of every six months for 8 years and the account earned 4.00% compounded semi-annually?
Round to the nearest cent
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- how much interest will an account earn if you deposited $435 at the end of every six months for 7 years and the account earned 4.75% compounded semi-annually?How much would you need to deposit in an account each month in order to have $10,000 in the account in 8 years? Assume the account earns 4.3% interest.Round your answer to the nearest cent as needed.How much would you need to deposit in an account now in order to have $6,000 inthe account in 8 years? Assume the account earns 6% interest compounded monthly.
- How much would you need to deposit in an account each month in order to have $50,000 in the account in 8 years? Assume the account earns 4.5% interest. Round your answer to the nearest cent as needed.Suppose 500$ is initially placed in savings account and 500$ is deposited at the end of every month for the next year. If interest is at 6% compounded monthly, how much is in the account at the end of the year?What is the interest earned in a savings account after 12 months on a balance of $7500 if the interest rate is 1.5% APY compounded yearly? interest = $[?] Round your answer to the nearest hundredth.
- Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest compounded monthly. After a year, ------ is in the account.If you deposit $63,679.00 at 10.16% annual interest compounded quarterly, how much money will be in the account after 19.0 years? Question 9 If you deposit $1,760.00 into an account paying 11% annual interest compounded monthly, how many years until there is $2,837.00 in the account?If you deposit $250 each month into an individual retirment account that earns 4.8% interest compounded monthly, a.) How much will you have in the account 30 years from now ? b.) What is the interest earned on the account ?
- Suppose that you deposit $10 at the end of each day into a savings account that pays 2% interest compounded daily. After a year, --------- is in the account?If you deposit $368.00 into an account paying 15.46% annual interest compounded quarterly, how many years until there is $76,431.00 in the account?If you deposited $18000 and the bank is paying 7% interest compounded monthly, how much would be your account at the end of two year and 2 months?