If you deposit $500 per year in an account for six years at 9 percent compounded annually, how much will you have in the account? Round your answer to the nearest dollar. $3,270 Give typing answer with explanation and conclusion

Suppose you have estimated that you will need $2,500 per month in your retirement to meet your expenses and live comfortably, and that you have found or chosen a fund (account) which pays monthly interest 4% APR . What principal, or balance, will your account need to maintain in order to be able to pay you this amount each month? Round/take your answer to the nearest cent.

EX 4-6 Income statement; net loss Obj. 2 9,250) The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense $10,000 Service Revenue 9,000 Supplies Expense 8,150 Utilities Expense 60,000 $634,900 4,100 44,700 548,200 ME HOW Wages Expense Prepare an income statement.

If you deposit $4,000 at the end of each year into an account which earns 10.3%, how many years will it take until your account is worth $1,000,000? (using a spreadsheet)

Suppose you deposit $3600 to open an account that earns 6% interest compounded monthly. You are trying to save money and find that you are able to put away an additional $50 each month. Write a recursive formula to show the amount of money you will have in the account at the end of each month.

Suppose that you will deposit $184 at the end of each month for the next 24 years into an account with an APR of 11% and monthly compounding. How much money will be in the account at the end of the 24 years? Round your final answer to two decimals. Show formula in Excel.

Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 Search

For these problems round to at least five decimal places for your work. You may round your final answer to the nearest cent. If $5000 is invested in a savings account with an annual interest rate of 0.09% compounded monthly, how much will the account be worth in 17 years? Note: the interest rate is given as a percentage! If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously, how much will the account be worth in 5 years? Suppose you want to have $200 in an account after 5 If the account generates interest at a nominal rate of 9%, compounded quarterly, how much should you invest in the account now? years. What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded monthly?

If you were to borrow $8,400 over five years at 0.14 compounded monthly, what would be your monthly payment? Round to two decimal places.