When you were born, your dear old Aunt Minnie promised to deposit $1,000 into a savings account bearing a 5% compounded annual rate on each birthday, beginning with your first. You have just turned 22 and want the dough. However, it turns out that dear old (forgetful) aunt Minnie made no deposits on your third, fifth, and eleventh birthdays. How much is in the account right now?
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When you were born, your dear old Aunt Minnie promised to deposit $1,000 into a savings account bearing a 5% compounded annual rate on each birthday, beginning with your first. You have just turned 22 and want the dough. However, it turns out that dear old (forgetful) aunt Minnie made no deposits on your third, fifth, and eleventh birthdays. How much is in the account right now?
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- When you were born, your dear old Aunt Minnie promised to deposit $1,000 in a savings account for you on each and every one of your birthdays, beginning with your first. The savings account bears a 7 percent compound annual rate of interest. You have just turned25 and want all the cash. However, it turns out that dear old (forgetful) Aunt Minnie made no deposits on your seventh, and eleventh birthdays. How much is in the account now – on your twenty-fifth birthdayWhen you were born, your dear old Aunt Minnie promised to deposit OMR500 into a savings account bearing a 5% compounded annual rate on each birthday, beginning with your first. You have just turned 21 and want the dough. However, it turns out that dear old (forgetful) Aunt Minnie made no deposits on your fifth and eleventh birthdays. How much is in the account right now? Select one: O à. OMR16,768.19 O b.OMR15,953.74 O c. OMR17,859.63 O d. OMR21,000.00 e. OMR10,500.00Your grandfather put some money in an account for you on the day you were born. You are now 18years old and are allowed to withdraw the money for the first time. The account currently has $3,609 in it and pays an 4% interest rate. How much money would be in the account if you left the money there until your 25th birthday? If you left the money until your 65th birthday, what would the future value be? How much money did your grandfather originally put in the account? (Round to the nearest dollar)
- Your grandfather put some money in an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $8059 in it and pays an 12% interest rate. a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c. How much money did your grandfather originally put in the account?2. When you were born, your dear old Aunt MsRahat promised to deposit Rs2700 in asavings account for you on each and everye of your birthdays, beginning with yourfirst. The savings account bears a 6 percentcompound annual rate of interest. You havejust turned 30 and want all the cash. However,it turns out that dear old (forgetful) Aunt MsRahat made no deposits on your eighth,eighteenth, twenty second and twenty seventhbirthdays. How much is in the account nowon your thirtieth birthday?3. Sales of the Master Company were Rs.350,000 this year, and they are expected togrow at a compound rate of 15 percent for thenext ninth years. What will be the sales figureat the end of each of the next ninth years?4. A 5 year loan of Rs. 1500,000 with equalinstalment payments at the end of each year.The interest rate is 9% Per year. Establish loanamortization schedule.Your grandfather put some money in an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $2,407 in it and pays an 5% interest rate. a. How much money would be in the account if you left the money there until your 20th birthday? b. What if you left the money until your 65th birthday? c. How much money did your grandfather originally put in the account? ... a. How much money would be in the account if you left the money there until your 20th birthday? If you left the money there until your 20th birthday, the amount in the account would be $ (Round to the nearest cent.)
- Your grandfather put some money in an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $6,801 in it and pays a(n) 3% interest rate. a. How much money would be in the account if you left the money there until your 25th birthday? b. How much would be in your account if you left the money in the account until your 65th birthday? c. How much money did your grandfather originally put in the account? a. How much money would be in the account if you left the money there until your 25th birthday? The future value is $ (Round to the nearest dollar.) b. How much would be in your account if you left the money in the account until your 65th birthday? The future value is $ (Round to the nearest dollar.) c. How much money did your grandfather originally put in the account? The present value is $ (Round to the nearest dollar.)Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays an interest rate of 3%. How much money will be in the account immediately after your grandmother makes the deposit on your 18th birthdayYour grandfather put some money in an account for you on the day you were born. You are now 16 years old and are allowed to withdraw the money for the first time. The account currently has $5,566 in it and pays an interest rate of 9%. a. How much money would be in the account if you left the money there until your 30th birthday? b. How much would be in your account if you left the money in the account until your 65th birthday? c. How much money did your grandfather originally put in the account? a. How much money would be in the account if you left the money there until your 30th birthday? The amount of money in the account upon your 30th birthday will be $. (Round to the nearest cent.)
- Your grandmother has been putting $600 into a savings account on every birthday since your first (that is, when you turned one). The account pays an interest rate of 11%. How much money will be in the account immediately after your grandmother makes the deposit on your 18th birthday? The amount in the account upon your 18th birthday is $. (Round to the nearest cent.)Grandma Patt has decided to open a savings account for her newborn granddaughter. The savings account pays 3% interest. If Grandma Patt wants there to be $10,000 in the account in 18 years, how much should she deposit today? Assume no other deposits or withdrawals. a) $5,873.95 b) $17,024.33 c) $8,362.17 d) $10,609.23Y our great aunt put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5033.83. Your Questions: 1) What is the amount of money that your great aunt originally put in the account? 2) What is the amount of money that would be in the account if you left the money there until your 65th birthday?