Please provide both solution Over the course of 8 years, Owen makes deposits of $250 every 6 monthsinto an account that pays 3.75% per annum interest compounded semi-annually. How much interest will Owen have earned over the 8-year term?$136.29$614.86$722.09$1369.88Hannah's parents need $2000 a month when they retire next month. Howmuch should they have in their account that earns 4% compounded monthlyright now if they need this money for the next 30 years?O $418 922.48$57 007.26$49 999.96$439 903.32

Information Provided: Years = 8 Semi-annual deposits = $250 Interest rate = 3.75% compounded…

Answered: into an account that pays 3.75% pel…

Business

Finance

into an account that pays 3.75% pel annually. How much interest will Owen have earned over the 8-year term?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 6E

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Please provide both solution

Over the course of 8 years, Owen makes deposits of $250 every 6 months
into an account that pays 3.75% per annum interest compounded semi-
annually. How much interest will Owen have earned over the 8-year term?
$136.29
$614.86
$722.09
$1369.88
Hannah's parents need $2000 a month when they retire next month. How
much should they have in their account that earns 4% compounded monthly
right now if they need this money for the next 30 years?
O $418 922.48
$57 007.26
$49 999.96
$439 903.32

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