What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest compounded semi-annually?
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A: The question is based on the concept of Annuity.
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A: The formula used as follows:
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Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…
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- What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest, compounded annually?What amount needs to be deposited into an account earning 4.3% interest compounded annually to have $21,707 in 11 years?what is the balance in an account at the end of 10 years if 5,000 is deposited today at the account earns 8 interest compounded quarterly?
- What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest, compounded annually?USE EXCELWhat amount must be deposited today, if, starting one year from today, you wish to make 15 equal annual withdrawals of $3,450 from an account offering an annual stated rate of interest r = 0%?If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance after six years? How much interest is earned?
- c. How much can be accumulated for retirement if $12,000 is deposited annually, beginning one year from today, and the account earns 9% interest compounded annually for 17 years?how much interest will an account earn if you deposited $435 at the end of every six months for 7 years and the account earned 4.75% compounded semi-annually?What is the interest earned in a savings account after 12 months on a balance of $7500 if the interest rate is 1.5% APY compounded yearly? interest = $[?] Round your answer to the nearest hundredth.
- If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn $1,796.26 in total interest, then the annual interest rate for the account is?If you deposit $63,679.00 at 10.16% annual interest compounded quarterly, how much money will be in the account after 19.0 years? Question 9 If you deposit $1,760.00 into an account paying 11% annual interest compounded monthly, how many years until there is $2,837.00 in the account?a) How much must be deposited today into an account earning 3% interest annually to support an annual withdrawal of $1800 a year in a perpetuity? b) what if the first withdrawal starts at the end of year 6?