How much is accumulated over two years in each of the following savings plans? a.$40at the end of each month for 24 months at 12 percent compounded monthly b. $30 at the end of the first month, $31 the end of the second month, and so forth, increasing by$1per month, at 12 percent compounded monthly

Q: Determine the equivalent present amount of a series of equal quarterly amounts of $10,000 for five…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: How much money will be in a bank account at the end of 15 years if $100 is deposited today and the…

A: Compounding interest means the interest is calculated for the principal and after each period the…

Q: Explain the true effect of more frequent compounding on annual interest amounts?

A: With more frequent compounding, the returns are higher. With the increase in compounding periods,…

Q: 1. Nick will invest $1,000 in his savings account. His bank pays a yearly interest rate of 6%. a.…

A: Here, given information is: Principal amount (P): $1,000 Interest rate (r): 6% yearly Time period…

Q: 1 You deposit $17,000 in a retirement account on your 25th birthday, and you plan to retire on your…

A: Here we calculate the following by using the given information , and conclude the answer so the…

Q: Question: Below is a chart of three different interest rates valid over a five- year period. $2146…

A: Whenever an investor decides to invest in a project that will generate an income, they will consider…

Q: Would you rather have $1,000 today or $1,250 in 3 years at a 8% annual interest rate compounded…

A: Future value can be calculated by using the following formula.

Q: not use ai please

A: To determine how much of payment 90 will go towards paying interest for a loan of $73 ,000 at 10 .5%…

Q: How much money will be in a bank account at the end of 15 years if $100 is deposited today and the…

A: Deposit refers to the amount of money that is kept in the bank for safekeeping. Banks pay interest…

Q: 1.Compute for the effective interest rate. Payment period = semi-annually Interest period = 12.76%…

A: Given  Nominal interest rate =12.76% compounded monthly. We have to find the effective rate of…

Q: Tom has the opportunity to purchase an investment that will pa $30,000 in 5 years. The purchase…

A: here we can calculate the present value and know the is tom purchase or not which are as follow-

Q: What equal monthly payments will repay an original loan of $1,000 in sex months at a nominal rate of…

A: The rate of interest is divided into two forms: effective interest rate and nominal interest rate.…

Q: account today that earns 5.5% interest compounded monthly if you want to have $1500 saved in 2 years

A:

Q: Approximately how long will it take a deposit to triple in value if money is worth 12 % compounded…

A: here we can calculate how long will it take a deposit to triple in value as follow

Q: For the next 15 years, you will deposit $1,500 every month in a savings account. The account pays 6%…

A: An ordinary annuity is a series of equal payments made at the end of each period, such as the end of…

Q: 2. Which of these gives the highest effective rate of interest? 16.35% compounded twice every month…

A: An effective interest rate is defined as an interest rate, which is applied on loan or financial…

Q: How much must be deposited at the beginning of each year in an account that pays 5%, compounded…

A: The compound interest formula is given as: A=P(1+r)t Where,  A is the final amount compounded on an…

Q: Please answer completely and clearly. , year יויויויויי in millions whatis the future worth of these…

A: We have given the cash flow in which yearly payment is made but the rate of interest is compounded…

Q: How much money will you have in seven yearsif you deposit $7,000 in the bank at 8.5%…

A: Compound interest rate is addition to the interest of interest. It can be applicable both loan and…

Q: a) What is the future value of a series of payments of $6,000 each, at the end of 8 years, at 6%…

A: Ordinary annuity is the equal series of payment is made at constant interval at the end of each…

Q: 17. What is the effective annual interest rate if the nominal interest rate is 6%, compounded…

A: Formula used - Effective annual interest rate = (1 + (nominal rate / number of compounding periods))…

Q: 45.

A: Monthly average in 2017 = $71.88 Increase in annual rate (r) = 3% per year n= 2020 - 2017 = 3 years

Q: 2. How much must be deposited at the end of each 3 months at 8% interest compounded quarterly to…

A: Future value = 90000 $ Time = 7 years Interest rate = 8 % compounded quarterly Quarterly rate  = 8 %…

Q: Bill made a budget and planned to deposit $150 a month in a savings account, beginning September 1.…

A: Future worth represents the value of future cash flows, investments, or benefits at a specified…

Q: Calculate the total interest earned, if you save $68 each month, Starting today, for 11 more…

A: Here's how to calculate the total interest earned on your savings:1. Define variables:Monthly…

Q: Consider a student loan of $12,500 at a fixed APR of 9% for 30 years. a. Calculate the monthly…

A: Given,  Loan = $12,500  APR = 9%  Time = 30 years

Q: If a rate of 3% interest is compounded monthly, the effective rate of interest is somewhat less than…

A: The genuine interest rate attached to an investment or loan is described by the effective yearly…

Q: How much money will be in a bank account at the end of 15 years if $100 is deposited to day and the…

A: From given information we have to calculate the amount that will be in bank account after 15 years…

Q: The interest derived from monthly compounding is always __________ that derived from quarterly…

A: Interest is the amount paid in excess of the borrowed amount by the borrower to the lender. The…

Q: Find the present value of a perpetuity payments of P 600 every 3 months with 6% compounded…

A: here we calculate the present value of perpetuity payment y using the present worth formula and…

Q: Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years.…

A: the proportion of a loan that is charged as interest to the borrower typically expressed as an…

Q: Mr. Zzz deposited $25,000 in a bank which offers a compound annual interest of 7%. How long will it…

A: Given,  Principal = $25,000  Rate of interest = 7%  Amount = $35,800

Q: Suppose that you invest $1,000 for 1 year at 18% compounded monthly. How much interest would you ear

A: Given information: Investment amount = $1000 Time period = 1 year Interest rate = 18%

Q: cash flow consists of $100 income at the end of Year 1, $200 at the end of Year 2, $300 at the end…

A: Equivalent Uniform Annual Cost is the payment required to fund the Life Cycle Cost over the service…

Q: Suppose you borrow $5,000 at 7.25% interest for 14 months.  What is the maturity value?

A: Simple interest is one of the easiest method to compute the amount to be received at the end of…

Q: 7. What is the future worth of $2,000 at the end of each month for 10 years at 10% compounded…

A: Given:Prinicipal amount Time Rate Problem:Find the future worth given the amount is compounded…

Q: f you have only $750 on January 1, 2019, what interest rate, compounded annually for 3 years, must…

A: Given: The amount of initial investment is = $750 Years = 3 The maturity amount is = $1,000 To Find:…