If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account contain $70,000?

Determine the interest rate per period for each of the following annual interest rates.A. 3% interest compounded semiannually

SHOW SOLUTIONS AND WRITE NEATLY THE FORMULA COMPOUND INTEREST Find the effective rate corresponding to the rate 5.59% compounded quarterly. In 2 decimal places, INput the % sign.

Mr. Padilla agrees to pay P1,300.00 at the end of each month for 20 years, in purchasing a house. What is the present value of this agreement if money is worth 15% compounded monthly?

If $10,000 is invested in an account at United Mutual fund for 18 years, earning 10% compounded annually, what would its future worth be after 18 years?

What is the equal payment series for 6 years (the first payment is given at the end of year 1) that is equivalent to a single payment of $20,000 made at the end of the third year. (use i = 10 % compounded quarterly).

How much is accumulated over two years in each of the following savings plans? a. $60 at the end of each month for 24 months at 24 percent compounded monthly b. $50 at the end of the first month, $51 at the end of the second month, and so forth, increasing by $1 per month, at 24 percent compounded monthly Click the icon to view the table of compound interest factors for discrete compounding periods when i = 2%. a. There would be $ (Round to the nearest b. There would be $ (Round to the nearest accumulated in the account after two years. cent as needed.) accumulated in the account after two years. cent as needed.)

What is the future worth of the following series of payments? a) $30,000 at the end of each six-month period for five years at 8% compounded semiannually. b) $50,000 at the end of each quarter for 10 years at 6% compounded quarterly. c) $13,000 at the end of each month for six years at 9% compounded monthly.

Compare the interest earned by $9,000 for six years at 7​% simple interest with interest earned by the same amount for six years at 7​% compounded annually. Why does a difference​ occur? The simple interest earned is $ ?