Amy Jolly deposited $2 000 in a savings account.  The annual rate is 10 per cent  compounded semi-annually.  How many years will it take for her money to grow to $2 680.20?           Bridget invested $5 000 in a growth mutual fund and in ten years her investment had grown to $15 529.24.  What annual rate of return did Bridget earn over this ten-year period.

Q: New parents wish to save for their newborn's education and wish to have $46,000 at the end of 17…

A: Computation of yearly payment:Hence, the yearly payment is -$1,682.02.

Q: Maria deposits $2,000 in a savings account that pays interest at an annual compound rate of 3%. Two…

A: The amount which is earned by depositor on the deposits is known as interest. This interest can be…

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A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

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A: Formula: Future value = Present value of bank balance x ( 1 + Interest rate ) compounding periods.

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A: An effective annual rate is the modified interest rate from the nominal rate that represents the…

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A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Robert invested the profit of his business in an investment fund that was earning 3.25% compounded…

A: Interest rate = 3.25% Semi annual interest rate = [1+(0.0325/12)]6-1…

Q: New parents wish to save for their newborn's education and wish to have $45,000 at the end of 16…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: New parents wish to save for their newborn's education and wish to have $37,000 at the end of 18…

A: Given  P=$37,000 r= 7.8% n=1 t=18 years

Q: Ms. Perez wants to invest in a savings account with interest rate of 9% per year. She decided to…

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

Q: Mrs. Quiton deposited Php 120,000.00 into a college fund at the beginning of every month for 10…

A: ANNUITY is the series of equal payments made at regular interval of time.

Q: And this example Daniel and Claire are each deposited $10,000 in high interest savings account and…

A: The compound value of money can be depicted as the amount of interest generated on interest earned…

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Q: David deposits RM60,000 today into his account that pays 8 percent per year. He continues deposit…

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Q: my Jolly deposited $2 000 in a savings account.  The annual rate is 10 per cent   compounded…

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Q: Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end…

A: Deposit at year-0 = $ 2800 Deposit at year-1 = $ 900 Deposit at year-2 = $ 575 Interest rate = 2.20%…

Q: Susan Myer had invested $2500 in an ABC bank Certificate of Deposit when she inherited trust funds…

A: Calculation of Compound Interest Rate per monthly   Formula  r = n[(A/P)1/nt-1] Where r = Annual…

Q: January 2001, Bianca invested $5,000 for three years at 4.20%; in January 2010, she invested $5,000…

A: This question is related to investing. The investor invests money in many investments. These types…

Q: 1. Amy made semiannual deposits of $3,100 at the beginning of every every six months into a fund…

A: Semi Annual Deposit = 3100 Beginning of period deposits Interest Rate = 6.8%/2 = 3.4% per semi…

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A: FV is the future worth of cash flows that have occurred in the past or present.

Q: Holly invested $11,000 in a fund earning 6% compounded quarterly. She withdraws $900 from the fund…

A: Annuity means finite no. of payments which are same in size and deposited or withdrawn in equal…

Q: Mark and John started investing at the same time. Mark makes payments of $20 at the end of each week…

A: Future value refers to the value of the investment at a future date. This includes the principal…

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

A: Amount she will have is future value of deposit

Q: Joe Franklin deposits $22,000 in a savingsaccount that pays 6% interest compounded monthly.Three…

A: The future amount is determined by using future amount formula and that formula use the present…

Q: Stephanie invested $500 at the end of every month in an investment fund that was earning interest at…

A: The accumulated value of any fund is equal to the sum of future value of all the deposits made…

Q: Jacqueline invested the profit of her business in an investment fund that was earning 2.50%…

A: Let the amount invested in the fund be $ X. Interest rate = 2.50 % compounded monthly The money is…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: Time value of money techniques helps us to find the values of the deposits at different time…

Q: Phyllis invested $9,000, a portion earning a simple interes

A: Phyllis invested $9,000, a portion earning a simple interest rate of  4.5 1 2 %  per year…

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A: The effective annual rate is the actual rate earned after considering the compounding periods in a…

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A: Simple Interest = Investment * Rate * Period

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Q: Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and…

A: Given, Amount invested is $49000 Interest earned on both the investments is $2320

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A: Solution Concept Simple interest is calculated on the beginning principle and no interest is charged…

Q: a) Liliana makes the following deposits into her savings account. $7,400 in 2 years, $4,800 in 3…

A: " Hi, Thanks for the Question. Since you posted multiple question, we will answer the first question…

Q: James invested the profit of his business in an investment fund that was earning 2.25% compounded…

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A: Time value of money (TVM) refers to the method or concept which is used to determine the amount of…

Q: At the start of every year Jane puts $100 into an investment that gets 5% interest at the end of the…

A: According to the requirement, question (b) is solved.

Q: Annette has just inherited $180,000. She invests this money at a rate of return of 6.47% per year…

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A: Year End Opening Bal Fresh Investment 12% Compounded Annually Year-End Balance 1       500 2 500…

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…