Starting three years from today, you make equal annual deposits of $5,000 into an account which offers 12 percent compounded semiannually. (a) How many years from today will it take for your balance to reach exactly $220,606.2574?  (b) How many years from today will it take for your balance to reach exactly $233,842.6328?  (c) How many years from today will it take for your balance to reach exactly $247,873.1908?  [Hint: With semiannual compounding, each of these questions has an exact answer.] Step by step please, as if writing on a sheet of paper and taking notea.

If, starting one year from today, 12 equal annual deposits of $2,500 are made into an account offering a stated annual rate of interest r = 0%, find the balance in the account 12 years from today (at the end of year 12).

Use the appropriate formula to find the future value (in $) of $900 deposited at the beginning of every six months, for 17 years if a bank pays 8% interest, compounded semiannually. (Round your answers to the nearest cent.)

You plan to deposit $5, 706 into a savings account paying 8% interest compounded quarterly. How much will be in your account - assuming no withdrawals - after three years?

You wish to make 4 equal annual deposits into a savings account such that at the time of your last deposit there is $108,581 in the savings account. If the interest rate on the account is an annual nominal interest rate of 3.9% compounded daily, how much must the equal annual deposits be? Provide an exact answer to two decimal places. -Be sure to use the correct annual interest rate when determining the required annual deposit (i.e. you must use the effective annual interest rate) -Use 365 days for the number of days in a year

You deposit $ 70,565 in your account today. You make another deposit at t = 1 of $ 51,167 . How much will there be in your account at the end of year 2 if the interest rate is 19 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).   Your Answer:

You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years 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. Nine years after your deposit, the saving account changes its rate once more to 5% 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. S should be in the savings account 18 years 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…

Ten Thousand dollars is deposited into a savings account at 1.8% interest compounded monthly. How many months are required for the balance to reach $10,665.74? After how many months will the balance exceed $11,000? Do not solve by formula ONLY TVM SOLVER. I need to know which numbers to plug into the TVM solver and where.

You deposit $700 each month into an account earning 3% interest compounded monthly. a) How many months will you need to make deposits to reach a value of $40000 ? $ b) How much total money will you put into the account? $ c) How much total interest will you earn?

If you put $259 into a bank account that pays 3.5% interest, compounded 9 times per year, how much interest will the account pay over 2 years? Round your answer to two decimal places if necessary.