Consider a $4,400 deposit earning 9 percent interest per year for 9 years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) FUTURE VALUE? How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) TOTAL INTEREST EARNED? How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) INTEREST EARNED ON THE INTEREST?

Consider a $4,400 deposit earning 9 percent interest per year for 9 years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) FUTURE VALUE? How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) TOTAL INTEREST EARNED? How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) INTEREST EARNED ON THE INTEREST?

Accounting (Text Only)

26th Edition

ISBN:9781285743615

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Long-term Liabilities: Bonds And Notes

Section: Chapter Questions

Problem 14.20EX

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Q 15 Compute the present value of a $6,000 deposit in year 3, and another $5,500 deposit at the end of year 6 using an 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) PRESENT VALUE?
q 10 Compute the present value of an $1,200 payment made in 9 years when the discount rate is 11 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) present value?
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Question 7 Consider a $1,100 deposit earning 9 percent interest per year for four years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value-- How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total Interest Earned-- How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Interest Earned On Interest--
Q 11 Compounding with Different Interest Rates A deposit of $390 earns interest rates of 7.9 percent in the first year and 10.9 percent in the second year. What would be the second year future value? Multiple Choice $466.68 $853.32 $463.32 $834.56
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