Marcus deposits $2600 into an account that has an annual interest rate of 5% compounded monthly. If he leaves it there for 7 years without making any withdrawals, what is the account's balance at the end of 7 years?

Todd and Lisa are saving $2000 at the end of every yearin an account that pays 6% interest. If there are no withdrawals from the account, the balance after ten years will be nearest: A) $20,000 B) $21,200 C) $26,000 D) $26,400

Jane Adele deposits $1,500 in an account at the beginning of each 3-month period for 11 years. If the account pays interest at the rate of 4%, compounded quarterly, how much will she have in her account after 11 years? Solve the problem. (Round your answer to the nearest cent.)

Seamus has made deposits of ​$97.00 into his savings account at the end of every three months for 10 years. If interest is 8 % per annum compounded monthly and he leaves the accumulated balance for another 2 ​years, what would be the balance in his account​ then?

Pascal has recently opened an RRSP. He plans to deposit $ 647 at the end of every month for 25 years. The account will compound interest semi-annually at the nominal rate of 6.7 %. How much money will Pascal have in his account immediately after his last deposit?a. $ 522341.09b.$ 492774.61c. $ 512485.60d.$ 532196.58e.$ 502630.10

You put $8000 into an account earning 3%. After 2 years, you  make another deposit into the same account. Seven years later ( that is, 9 years after your original $8000 deposit), the account balance is $21000. What was the amount of the deposit at the end of year 2?

Bob wants to deposit $5000 into a bank account at the beginning of the next month and $200 per month into that same account at the end of that month and each subsequent month for the next 5 years. If the bank pays interest at the rate of 3% per year compounded monthly, how much will Bod have in his account at the end of 5 years? Assume that he makes no withdrawals during the 5 year period.

Daniel deposits $ 200 at the beginning of each month for 5 years in an account paying an interest rate of 10.5% compounded monthly. How much is in his account at the end of 5 years?

You deposit $1,500 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Six years after your deposit, the savings account again changes its interest rate; this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to 6% compounded annually. a. How much money should be in the savings account 18 years after the initial deposit, assuming no further changes in the account's interest rate? b. What interest rate, compounded annually, is equivalent to the interest pattern of the saving account in Part (a) over the entire 18 year period? a. $ should be in the savings account 18years after the initial deposit. (Round to the nearest dollar.) b. The interest rate equivalent to the interest pattern of the saving account in Part (a) over the…

Troy has a retirement account worth $1,250,000 . The account draws 4.5%  compounded monthly. A . How much can he withdraw each month and not change the balance? B. It he withdraws $4000 each month , what will be the value of the account in 20 years? C. How much can he withdraw each month from the $1,250,000 to make the account last 30 years?