Amishi deposited $600, at the end of each six months for 19 years in a savings account. If the account paid 4% interest, compounded semiannually, use the appropriate formula to find the future value of her account. (Round your answer to the nearest cen

Q: A man deposited $10,000 in a savings account when his son was born. The nominal interest rate was 8%…

A: The future value t is the estimated value of the deposit on a future date with an estimated interest…

Q: Kim deposits $1,000 in a savings account. Four years after the deposit, half the account balance is…

A: Compounding is a technique through which future value of present amount is computed at given rate of…

Q: Laura deposited $1,100 at the end of every month into an RRSP for 6 years. The interest rate earned…

A: Future Value of Annuity formula will be used to calculate the value of monthly instalments at the…

Q: Rachael invests $8000 for 7 years and 8 months. The account earns 12% semiannually. A) What is n…

A: Future value of present sum depends on whether it is simple interest or compounded…

Q: Amishi deposited $800, at the end of each six months for 19 years in a savings account. If the…

A: The future value of an annuity is the value of a series of equal payments each period calculated at…

Q: Jane Adele deposits $1,700 in an account at the beginning of each 3-menth period for 12 years. If…

A: If the amount is deposited at end of each period, then such annuity is called ordinary annuity. If…

Q: Shelley Katz deposited $30,000 in a savings account at 5% interest compounded semiannually. At the…

A: Present value is the current worth of the future expected cash flows that an investor obtain from…

Q: Sammi deposits $12000 at the beginning of each 6-month period into a special savings account. This…

A: Annuity due refers to the series of equal payments that are made at the beginning of each period at…

Q: Thomas's retirement fund has an accumulated amount of $55,000. If it has been earning interest at…

A: Accumulated Value in retirement Account "FV" is $55,000 Interest rate is 2.44% Compounded monthly…

Q: Sophia deposits 130,000 pesos at the end of each year in a savings account that pays a nominal rate…

A: Compounding that is constant is referred to as continuous compounding. Some people imagine…

Q: If Rochelle obtained a business loan of $205,000.00 at 4.67% compounded semi-annually, how much…

A: Business loan = $205,000.00 Interest Rate = 4.67% compounded semi-annually Time Period = 30 Years

Q: Since the birth of his granddaughter, 18 years ago, Luis has deposited $250 at the beginning of…

A:

Q: Lauren deposited $1,200 at the end of every month into an RRSP for 7 years. The interest rate earned…

A: Deposit = 1200 per month END OF PERIOD DEPOSITS Time Period = 7 Years  × 12 = 84 Months   Semi…

Q: Edward borrowed an amount to his friend and promised to pay the principal amount and accumulated…

A: Let the amount borrowed be "x" Simple rate = 15.118% Amount paid at the end of 3 years = P15.855.…

Q: value of the investment after 5 years b) How much interest was earned

A: An annuity is the fixed amount that is deposited at a fixed interval of time over a predetermined…

Q: What is the interest on interest if interest is compounded

A: Calculate the compound interest amount as follows:- Total amount after 3 years =P x (1+R/100)n…

Q: Jasmine invested a certain amount in a bank compounded semi-anually. The bank told her that the…

A: First  we need to calculate the interest rate. Given,  Amount will be doubled in 5 years and it is…

Q: Yolanda deposited $1,600 at the end of each six months for 2 years in a savings account. If the…

A: Future value (FV) refers to the sum value of current assets of the company which is evaluated at a…

Q: At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8%…

A: Using FV function of excel

Q: On Juan’s 26th birthday, he deposited $7,500 in a retirement account. Each year thereafter he…

A: formula for future value of annuity growth: FVAG=Pr-g×1+rn-1+gnwhere,p=first paymentr=rate of…

Q: Julia Roberts deposits 4600 dollars in an account paying an effective rate of interest of 5.2…

A: Simple Interest formula is  Amount = Principal + (Principal*rate*time)

Q: Yolanda deposited $1,800 at the end of each six months for 2 years in a savings account. If the…

A: The future value of an investment is the amount accumulated in the account after a period of time.…

Q: Yolanda deposited $1,800 at the end of each six months for 2 years in a savings account. If the…

A: The value of money differs with the time passage and the value of it at present is worth more than…

Q: An individual makes five annual deposits of $2,000 in a savings account that pays interest at a rate…

A: Interest is the amount which is calculated on the amount of borrowings or finance. The amount of…

Q: Alexandra had a balance of $2,000 in her RRSP. In addition to this, she invested $300 at the end of…

A: Given,

Q: Quinn opened an account with an initial deposit of $2500. At the end of the 2nd and 8th years, he…

A: Initial Deposit = $2500 2nd Year Deposit = $3,000 8th Year Deposit = $5,050 Withdraw = $3,000…

Q: An individual makes five annual deposits of Php 2,000 in a savings account that pays interest at a…

A: Given: Number of annual deposits "n"= 5 Amount of annual deposits "PMT"= 2000 Rate per year during…

Q: Mohammed deposited RO25,000 in a savings account at 9% interest compounded semi-annually. At the…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

Q: Lucas made a single deposit into a savings account. At the end of saving for 18 years, Lucas has…

A: We need to use continuous compounding formula to solve this problem   A=P(e)rn   where   A=future…

Q: Minu deposits $950 at the end of each quarter for 6 years in an account that earns 1.8% per year…

A: As the number of compounding period increase than the effective interest rate increases and more…

Q: Samantha deposits $1,500 into the Park Street Bank. The account pays 1.12% annual interest,…

A: To determine the future value of $1500 after 3 non leap years at 1.12% annual interest, compounded…

Q: Mrs. Santos deposits P5,500 at the end of every six months in a savings account for her daughter's…

A: Deposit = 5500 every 6 months End of month deposits Interest rate = 4% semi annual period N = 21…

Q: Kia deposited $1,200, at the beginning of each year for 30 years in a credit union account. If the…

A: The series of payments to be paid at the beginning of every period is called annuity due.

Q: Natalia makes a deposit of $2,000 into a savings account at the end of the 1st year and another one…

A: Here, Deposit in year 1 and 3 by Natalia is $2,000 Deposit in Year 2 and 4 by Manuel is $2,000…

Q: how much will she have in her account after 11 years

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: Your sister placed her graduation gifts amounting to P25,000 in a special savings account that…

A: Principal amount (P)= P25,000 Interest rate (R)= 2% Time period (T)= 8 months= 8/12= 0.67

Q: Heidi deposits $8,000 in a savings account that earns 4.5% interest, compounded quarterly. How much…

A: This question is from time value of money. It is the concept that money you have now is worth more…

Q: Gabrielle obtained a business loan of $245,000.00 at 4.03% compounded semi-annually, how much should…

A: Loans are paid by the periodic payments that carry the payment for interest and payment for…

Q: Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the…

A: As period goes on compounding interest increases with more compounding during the period.

Q: ica deposits her annual business profit into a savings account that pays 7% interest compounded…

A: Future Value refers to the value of the current asset or investment or cash flows at a specified…

Q: Lee Holmes deposited $15,300 in a new savings account at 8% interest compounded semiannually. At the…

A: Given Information: Amount deposited - $15,300 Rate of interest  - 8% compounded semiannually Amount…

Q: Elin purchased a used car for ​$9,500. She wrote a check for $2,000 as a down payment for the car…

A: In this question Elin purchased a car for $ 9500 and pay down payment of $ 2000 & for balance of…

Q: Kia deposited $1,100, at the BEGINNING of each year for 25 years in a credit union account. If the…

A: Annuity means finite no. of payments which are same in size and made in equal intervals for the…

Q: Jordan purchased an annuity that had an interest rate of 4.00% compounded semi-annually. It provided…

A: In this we need to calculate effective rate and than find out present value factor and from that we…

Q: In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per…

A: Solution: 9   Face value of notes $14,000 Interest rate semiannually (10% / 2) 5% Period (6…

Q: ohn deposits Ghs|250 at the of each month for 5 years account that credits interests at a nominal…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: Direction: Compute the annual interest, total interest, and amount to be received or paid at the end…

A: Principal amount (P)= P25,000 Interest rate (R)= 2% Time period (T)= 8 months= 8/12= 0.67

Q: Irene makes six annual deposits of $2,000 in a savings account that pays interest at a rate of 4%…

A: Annual deposit (PMT) = $2,000 Interest rate = 4% Number of periods = 6

Q: Jennie invested a certain amount in a bank compounded semi-anually.The bank told her that the…

A: Solution:- When an amount is deposited somewhere, it earns interest on it.  The amount invested is…

Q: Yolanda deposited $1,200 at the end of each six months for 2 years in a savings account. If the…

A: The question is based on the concept of Annuity