Use the appropriate formula to find the future value (in $) of $300 deposited at the beginning of every six months, for 19 years if a bank pays 8% interest, compounded semiannually.

Suppose a 40-year old person deposits $8000 per year in an individual retirement account until age 65. Find the total in the account with the following assumption of an interest rate. (Assume quarterly compounding, with payments of $2000 made at the end of each quarter period.). Find the total amount of interest earned. 7%     The total in the account $___. (Round to the nearest CENT as needed.)

Margaret Hillman invested $8,000 at 1.4% compounded quarterly for one year. Find the future value and the interest earned for the year. The future value is S (Round to the nearest cent as needed.) The compound interest is $. (Round to the nearest cent as needed.)

Suppose you invest $120 a month for 3 years into an account earning 6% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account for another 20 years. How much will you have in the end? Submit Question