Your bank offers a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. If you invest $2,000 in the CD, how much will you have when it matures? $3,754.27 $3,941.99 $4,139.09 $4,346.04 $4,563.34

Q: 1. you deposit $500 into an account that pays 4.2% interest compounded monthly. how much money will…

A: Given details are : Present value (investment today) = $500 Interest rate = 4.2% Time period of…

Q: You have $200.00 in your bank account today. Your bank offers a nominal annual rate of 16%,…

A: Information Provided: Present value = $200 Interest rate = 16% compounded quarterly Term = 8 years

Q: Assume you deposit $4,200 at the end of each year into an account paying 10 percent interest. a. How…

A: The fixed periodic regular payments/deposits made at each periodic interval are recognized as…

Q: how much will you have when it matures?

A: A certificate of deposit (CD) is a financial product that banks and credit unions offer to customers…

Q: A bank pays simple interest at the rate of 8% per year for certain deposits. If a customer deposits…

A: Formula: Interest amount = Deposit amount x Time period x Interest rate

Q: ou invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for the…

A: Future Value Future value is what a sum of money invested today will become over time, at a rate of…

Q: You wish to accumulate $60,000.  You make 14 quarterly deposits into a savings account with an…

A: Amount required (F) = $60,000Number of deposits (n) = 14Quarterly interest rate (r) = 0.12Amount of…

Q: You just invested $5,000 in a 48-month certificate of deposit (CD) at your local bank. The CD pays…

A: In this question we need to compute the worth of CD when it matures i.e. we need to compute its…

Q: What is the outstanding balance of the loan after the 2nd year

A: Compound interest is the amount of interest charged on interest. In this method the interest…

Q: 1. First City Bank pays 7 percent simple interest on its savings account balances, where Second City…

A: 1) Simple interest rate of First City Bank (r) = 7% Compound interest rate of Second City Bank (i) =…

Q: You are considering making a sizeable deposit into a bank, which pays 3.25% interest compounded…

A: Interest Rate = 3.25% P.aInterest Rate Semi Annual = 3.25% / 2 = 1.625%Interest compounded = Semi…

Q: If the bank states an effective interest rate of 13.5% per year, and there are 52.15 weeks, how much…

A: Formula for calculating weekly interest rate is:

Q: Suppose that your parents decide tổ make deposits into a savings account, With the first deposit…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: You plan to deposit into your bank account $100 two years from now, $200 three years from now and…

A: A bank provides interest on the amount deposited or invested. Therefore, the withdrawal will consist…

Q: How much will be in Amber's bank account after 2 years if the account pays 8% compounded…

A: Time period = 2 years  Interest rate = 8% Compounded = semi-annually  Semi-annual deposits =$800

Q: You would like to earn simple-interest $1 800 from a term deposit at 4.25% in 8 months. Calculate…

A: Simple interest is a method of interest calculation where the principal amount remains the same for…

Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…

A: Present Value is referred to as the current value of future sum of the funds or the cash flows…

Q: 2. You are running a bank. A customer agrees to pay you with annual interest rate of 10% for 5…

A: We need to use loan amortization formula to calculate amount of loan Loan amount(P)=PMT1-1(1+i)ni…

Q: British Columbia Savings offers three-year term deposits at 10.8% compounded annually while your…

A: The compounding technique is related to the concept of Time value of money. The time value of money…

Q: answer the questions

A: 1. The computation of the EAR (effective annual rate) of each option is shown below: 10% interest…

Q: compounding interest. If the interest rate is 6% with continuous discounting, what is the present…

A: Information Provided: Future value = $500,000 Term = 10 years Interest rate = 6% continuous…

Q: 27. You hope to accumulate an account balance of $20,000 in 4 years by making a single deposit…

A: We need to calculate the amount to be deposited today - present value (PV)Future Value (FV) =…

Q: Your local bank offers 4-year certificates of deposit (CD) at a 12 percent annual nominal interest…

A: Future Value: The future value is the value of annuity or the sum lump amount after a certain period…

Q: you deposit $9000 into a bank account that pays 3.15% annual interest, compound quarterly. How much…

A: The time value of money is a concept in finance that accounts for the effect of compounding in…

Q: 1. If you deposit OMR 32000 today in to a bank account that pays 4% interest compounded, how much…

A: 1. we need to calculate future value of OMR 32,000 after 5 years at 4% interest rate. so, future…

Q: What annual interest rate do you need to find in order for a deposit of $500 to grow to $1,685 in 13…

A: Compound interest is a financial concept that involves the calculation of interest not just on the…

Q: A man will deposit P1,000.00 with a savings and loan association at the beginning of each 3 months…

A: Quarterly deposit refers to the amount to be paid at each quarter until the whole repayment of…

Q: You deposit $2,000 in an account today earning 8% per year.  Five years from today, you make another…

A: Using excel PV and FV function

Q: Bill would like advice on investing in a $70,000 2-year ‘snowball’ fixed deposit providing an…

A:

Q: how much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: How much would your investment be worth if you deposited $5,555.55 into a bank that paid simple…

A: Total Interestn need to be computed for 10 years period by computing the annual interest on amount…

Q: You deposit Php10,000 in a bank and plan to keep it there for five years. The bank pays 8% annual…

A: Future value is the value of an asset after some years. Future value tells how much your investment…

Q: n annual interest of 4% on 2-year CDs and you deposit $10,000. What is your balance two years later?

A: Given, Annual interest rate , i = 4% No. of years, t = 2 Amount deposited, A = $10,000

Q: 17. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account…

A: Bank deposit today = $8,000 Deposit on first year = $14,000 Deposit on second year = $10,000…

Q: If you deposit RM5,072 in an account earning 9%, how much would you have in the account after 15…

A: Using the FV function in excel

Q: If you deposit $20,000 in a bank account that pays 5% interest annually, how much will be in your…

A: The provided information are: Present value (PV) = $20,000 Rate of interest (r) = 5% = 0.05 Time…

Q: Best Bank pays 6% interest rate compounded monthly. However, your deposit will be annually. Your…

A: Formula to be used:- A= P(1+r/12)^12n Where A= Future value, P= Present value, r= rate of interest…

Q: If in your Allied Bank acqount you deposit Rs.15,000 at the end of each year at 14% interest rate…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: A deposit of $3,000 is made in a savings account that pays 7.5% interest compounded annually. How…

A: Compound Interest is calculated by multiplying the initial principal amount by one plus the annual…

Q: You plan to withdraw the amounts given below over the next five years from a savings account that…

A: GIVEN, R=9% YEAR CASHFLOW 1 0 2 24000 3 14000 4 26000 5.00 42000

Q: What will your balance be after 11 total deposits, that is, after 10 years? (Round your answer to…

A: This is a type of an annuity due. Future Value of an annuity due = C x 1 + in - 1i x 1 + i Here, C =…

Q: Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year,…

A: