Georgi Rostov deposits $4,000 in a savings account that pays 8% interest compounded monthly. Three years later, he deposits $5,000. Two years after the $5,000 deposit, he makes another deposit in the amount of $7,000. Four years after the $7,000 deposit, half of the accumulated money is transferred to a fund that pays 9% interest compounded quarterly. How much money will be in each account six years after the transfer?

Q: Jessica made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years,…

A: Using excel PMT function

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: 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…

Q: Priscilla deposits $200 at the end of each month for seven years into savings account earning 5%…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: 1. Jeremy makes six consecutive annual deposits of P2,000 each to a savings account that pays a…

A: Annual Deposit = 2000 Discount Rate = 10% Semi Annual Compounding N = Number of deposits = 6

Q: Ali is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded…

A: Given: Monthly deposit = $1,000 Interest rate = 6% Years = 10

Q: Starting three months after her grandson​ Robin's birth, Mrs. Devine made deposits of ​$100 into a…

A: Given the information in question Quarterly deposit=$100 The time period of deposit =21 year The…

Q: What is the amount of the payments that Tom Brokaw must make at the end of each of 8 years to…

A: Amount required = $70,000 Interest Rate(r) = 8% Years(n) = 8 Let Annual Payments = P

Q: carlos Contributed equal deposit at the end of every month for four years into an investment fund he…

A: Monthly Compounding Interest Rate = 4.81%/12 per month Total Time Period = 7 years Time period of…

Q: An individual makes six annual deposits in a savings account starting one year from now that pays…

A: Let the annual deposits be "x". We know that FV of annuity = P*[(1+r)^n - 1]/r = x * [1.10^6 -…

Q: If Luis Jimenez makes annual deposits of $1,000 into a savings account for 30 years, how much will…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: Jane decides to make 5 end-of-year deposits of $10,000 into a fund starting one year from now. 6)…

A: Calculate the amount at the end of 5 years as below: Resultant Table: Hence, amount at the end of…

Q: Emile has deposited $100 at the start of each month to a savings fund for the last 3 ½ years. If the…

A: Monthly deposit = $ 100 Period = 3.50 Years = 3.5*12 = 42 Months Interest rate = 8% Quarterly…

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: Eleanor makes year-end deposits of P500.00 the first year, P550.00 the second year, P605.00 the…

A: Computation:

Q: Sam has an opportunity to invest in an income account at 12 percent compounded continuously. The…

A: First, we need to convert the compounding frequency from continuous to monthly since the income is…

Q: Troy Long wishes to deposit a single sum of money in a savings account so that five equal annual…

A: A payout annuity is the type of annuity where a regular amount is withdrawn from the account.…

Q: A man deposits $11,000 at the beginning of each year for 10 years in an account paying 5% compounded…

A: The process of compounding involves addition of additional interest into the amount that is already…

Q: Eric invested his savings in a bank at 3.75% compounded monthly. How much money did he invest to…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: Leah invested $875 at the end of every month into an investment fund that was earning interest at…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: Peter makes a deposit at the end of every three months into a savings account that earns interest at…

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

Q: 2. At the end of each year, an investor deposits some money into a fund earning 7% interest. The…

A: When the certain amount of money is deposited at the regular interval over a period of time at a…

Q: If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Jenna made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A: Quarterly deposit = P Future value  (FV) = $55,000 Interest rate = 3.50% Quarterly interest rate (r)…

Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…

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

Q: Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…

A: Compounding of interest means, interest is received on principal as well as the earned interest…

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: 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: Irene makes five annual deposits of $3,000 in a savings account that pays interest at a rate of 4%…

A: Annual deposits = 3000 Interest Rate during first 7 years = 4% compounded quarterly

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: Meghan made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A: Periodic payments can be made monthly, quarterly, semi-annually or annually. Periodic payments are…

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: 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: Elizabeth Brown has $23,000 that she can deposit into a savings account for five years. Bank A…

A: Here, we need to calculate the future value of the amount deposited today at a given interest rate…

Q: a. Peter started to deposit P5,000 monthly in a fund that pays 1% compounded monthly. How much will…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: nnifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will…

A: In this we need to calculate the future value of annuity.

Q: You deposit $1,000 in a fund at the end of each year for a 10- year period. The fund pays 5%…

A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…

Q: An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per…

A: Deposits= $100 Interest= 3.25% per year Period= 7 years

Q: Harry plans to deposit $3,000 at the beginning of each year into a savings account earning 2.75%…

A: The amount which is deposited at the beginning of each period is called as annuity due. The period…

Q: Vanessa deposited $16,000 into a fund at the beginning of every quarter for 11 yea She then stopped…

A: Future value of annuity include the amount being deposited and amount of compounding interest being…

Q: Erik invested $575 at the end of every month in an investment fund that was earning interest at a…

A: a. For 6 Months Erik invested $575 every months  at rate 4.20% time 6 years therefore this is the…

Q: is deposited each year into a bank account that pays 8% interest compounded quarterly how much would…

A: The future value of annuity includes the amount being deposited each year and the amount of interest…

Q: Steven just deposited $10,000 in a bank account that has a 12 percent nominal interest rate, and…

A: Just deposit amount = $ 10,000 Deposit after 12 months = $ 10,000 Deposit after 24 months = $ 20,000…

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

A: The return of 2.25% generated from investment fund is compounding whereas withdrawals are made after…

Q: On the first day of the year, a man deposits ₱1,000 in a bank at 8% per year  compounded annually.…

A: Future Value  Future value  is the worth of any asset or any sum of money at a future date when such…

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