Suppose that $4500 is invested in an account that pays 2% annually and is left for 4 years. 1) How much will be in the account if interest is compunded quarterly? 2) How much will be in the account if interest is compouded continuously?

An amount of $124 is paid at the end of every month into an account. If the nominal interest rate is 3.02% compounded semiannually, how long (in years and months) will it take for the payments to accumulate to an amount of $6,455.41? Use the integer value of N to calculate years and months. |CN = |2 P/Y = 12 I/Y = 3.02 FV 6,455.41 PMT = $ -124 = years N= 192 to the nearest integer) PV = $14,892.17 X x (round = month(s)

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?

Suppose that $1,000 is deposited into an account paying simple interest of 8% annually. At the end of five years, the account will be worth $1,400. True False

Suppose you deposit $1,681.00 into an account today that earns 11.00% p.a. It will take years for the account to be worth $2,936.00.

How much money should be deposited today in an account that earns 7% compounded semiannually so that it will accumulate to $9000 in three years? a Click the icon to view some finance formulas. ..... The amount of money that should be deposited is $ (Round up to the nearest cent.) Formulas In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. nt A A = P 1+ P = A =Pet Y = - 1 nt 1+ Print Done

1. What is the future worth of a serios of equal deposits of $1500 for 10 years in a savings account that earns 10% annual interest if: a) All deposits are made at the end of the year? b) All deposits are made at the beginning of each year?

Suppose you invest $3,800 today in an account that earns a nominal annual rate (inom) of 12 percent, with interest compounded quarterly.  How much money will you have after 12 years?   a. $5,417.89   b. $15,702.56   c. $14,804.71   d. $875,484.95   e. $51,072.00

Suppose you put $250 at the beginning of every month in a savings account that credits interest at the annual rate of 6%, but compounds it monthly. Find the amount in this account after 25 years.

If you deposit $368.00 into an account paying 15.46% annual interest compounded quarterly, how many years until there is $76,431.00 in the account?