Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $) of $900 deposited at the beginning of every six months, for 17 years. (Round your answer to the nearest cent.)

You deposit $6000 into an account earning 8.8% annual interest, compounded quarterly.  How many years will it take for this account to be worth $25,000?    Give your answer to the nearest tenth of a year.     Blank 1. Calculate the answer by read surrounding text. years

Once per year Ritchie Rich deposits an amount of $800 in an account which pays 10% interest per year, compounded annually, with additional deposits of $800 continually made at the end of the year. If B, is the balance in the account, in dollars, immediately after Ritchie makes the nth deposit, then we can write B₁ = $800. (a) Complete the table to find the following. Report to the nearest $0.01. i) the balance, B, of the account on the day immediately after the second deposit. ii) the balance, B₁, of the account on the day immediately after the third deposit. iii) the balance, B₁, of the account on the day immediately after the fourth deposit 71 (Number of deposits) 1 2 OO B= $321158.22 (b) Suppose Ritchie makes 38 deposits. What is the balance of the account on the day immediately after the 38th deposit? 0 B$29923.47 B$29123.47 B= $264031.59 B, ($) $800 $ Number O B$291234.75 (It is more than $880.) $ Number S Number Q (c) Suppose Ritchie makes 438 deposits. Which is true about the…

If $20,000 is set aside for 4 years after 16 years. Uniform deposits starting 3 years from now and continue through year 16, what should each deposit be? If the account earns 8% interest  per year?