Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in the account in 5 years?
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You deposit $3000 in an account earning 7% interest compounded monthly. How much will you have in the account in 15 years?
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You deposit $3000 in an account earning 7% interest compounded monthly. How much will you have in the account in 15 years?
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- You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years?arrow_forwardSuppose you have a different option to deposit $500 in a savings account at the beginning of each year for 5 years. How much would you have if the account paid 4.25%?arrow_forwardyou deposit $3000 today in an account earning 3.5% annual interst and keep it for 10 years. In 10 years, you add $22,000 to your account, but the rate on your account changes to 7.5% annual interest (for exisisting balance and new deposit). you leave the account untouched for an additional 20 years. how much money you will have 30 years from now in this account?arrow_forward
- you want to withdraw equal amount of $100 from your account each year for 3 years. To do so, how much amount of money do you need to deposit now in that account with12% annual interest rate?Check your answer with interest table where you calculate tth increase/decrease each yeararrow_forwardYou deposit $100 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 15 years? b) How much total money will you put into the account? c) How much total interest will you earn?arrow_forwardHow much money will you have available to you after five years if you put aside $100.00 a month in an account that gives you 6.75% interest compounding monthly?arrow_forward
- Using a compound interest calculator, if you would deposit $10 each week into a savings account that paid a compound interest rate of 3.75% each year compounded monthly, how much would you have in your account in five years?arrow_forwardUsing a compound interest calculator, it you would deposit $100 each month into a savings account that paid a compound interest rate of 5.5% each year compounded quarterly, how much would you have in your account in five years?arrow_forwardIf you deposit $3,000 at the end of each of the next 10 years into an account paying 12.0% interest, how much will you have in the account in 10 years?arrow_forward
- How much must you deposit in the bank today if you want to have $1,500 after 4 years? Interest rate is 11%, compounding is annual.arrow_forwardYou deposit $600 in an account earning 2% interest compounded annually. How much will you have in the account in 20 years?arrow_forwardif your bank pays you 1.5% interest and you deposit $700 today, what will be your balance in 5 years? (round to the nearest cent)please show step by steparrow_forward
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