How much will you have in a savings account in ten years, if you deposit $1,100 in the account at the end of each year and the account earns 10% interest, compounded annually? a. $12,100 b. $22,258 c. $17,531 d. $11,000

Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?

Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?

You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.

Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264

If you deposit $3,500 monthly into a savings account which earns 4.25% interest rate compounded annually, how much will you have after 10 years of saving?a. $598500b. S510141 c. S636810 d. S522225 e. S42512

Your goal is to accumulate $60,000 in seven years' time.  What monthly deposit must you make into a savings account to reach your goal?  Interest rates are 12% p.a. compounded monthly.   a. $1,059.16 b. $714.29 c. $5,947.06 d. $459.16

please help with this Q

What is the amount of each monthly repayment ?

You invest $8,500 in a savings account that pays interest of 4.8% compounded monthly. To the nearest cent, what is the value of your account after 19 months?  A. $9,169.79 B. $9,119.79  C. $9,219.79 D. $9,999.79 E. $9,669.79