months, Paola has deposited $1,000 every two weeks in a bank that pays 0.5% compounded bi-weekly on the deposited amounts. At the end of the deposit period, she does not withdraw the amount but leaves it in the account for an additional 5 months. What is the amount withdrawn at the

Phoebe realizes that she has charged too much on her credit card and has racked up $5,500 in debt. If she can pay $250 each month and the card charges 12 percent APR (compounded monthly), how long will it take her to pay off the debt? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Answer is complete but not entirely correct. 27.95 months Time to pay off the debt

Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume that fixed interest rates are used throughout this question. Zoe deposited $900 in a savings account at her bank. Her account will earn an annual simple interest rate of 7%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 13 years? O $967.41 $2,168.86 O $163.00 O $1,719.00 Now, assume that Zoe's savings institution modifies the terms of her account and agrees to pay 7% in compound interest on her $900 balance. All other things being equal, how much money will Zoe have in her account in 13 years? O $1,719.00 O $963.00 O $2,168.86 O $151.82

Derek currently has $14,618.00 in an account that pays 6.00%. He will withdraw $5,134.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $14618.0 every other year beginning two vears from today until he has made 7.0 deposits. How much will be in the account 23.00 vears from todav? Submit Answer format: Currency: Round to: 2 decimal places.

Lisa deposits $80,000 into an account that pays 6% interest per year, compounded annually.Scott deposits $80,000 into an account that also pays 6% per year. But it is simple interest. Find the interest Lisa and Scott earn during each of the first three years.Then decide who earns more interest for each year. Assume there are no withdrawals and no additional deposits.

How much should a family deposit at the end of every 6 months in order to have $ 4000 at the end of 3 years? The account pays 4.6% interest compounded semiannually. (Round your final answer to two decimal places.)

Jane has a 90-day bank Certificate of Deposit that pays 8% compounded quarterly. She is starting with $2,000 and adding $100 at the beginning of each quarter, starting now. How much will Jane have in her account in five years?     $5,241,20     $5,450.23     $5,671.02     $5,401.63

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

13) Jane needs $30,000 to buy another new car in eight years. How much should she deposit at the end of each half year into an account that earns 4% interest compounded semiannually? A) $1263.36 B) $1663.37 C) $1609.50 D) $160.95 E) none of these

Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yield you 3.00%. How much interest did your friend earn in interest (dollar amount) for holding the promissory note for the last fifteen days?