Year End-of-Year Payment 1 $1400 2 $1320 3 $1240 4 $1190 5 $1000   What future sum, at time 5, is equivalent to the series of payments in the table, at a 10% interest rate? Select one: a. $7616 b. $7660 c. $7212 d. $5995

Assume that you deposited $750 in an account 5 years ago with 12% annual interest rate. How much money do you get in that account now?Use Compound interest only and check your answer with interest table.

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fee cash flow diagram

Compute the effective annual rate of interest (a) for 6% compounded monthly; (b) at which $1100 will grow to $2000 in seven years compounded monthly. Please write to text formet answer

You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the money

The balance of an account continuously compounded was $2006 after 7 years and $6790 after 12 years. What's the balance after 14 years? dollars.

f you have only $750 on January 1, 2019, what interest rate, compounded annually for3 years, must you earn to have $1,000 on January 1, 2022?

How much money would you need to deposit today at 6.36% annual interest compounded monthly to have $108778 in the account after 8years?

Planning for your wedding which would take place 10 years from now, you started to deposit from today a lump sum money every quarter for 4 years at nominal interest of 8% so that you can withdraw $50,000 at your wedding day.a) Sketch the cash flow diagram for the above financial plan.b) Calculate the amount of money that has to be deposited every quarter.