If $1,300 is deposited each quarter in an account that earns 2% compounded quarterly, how many full deposits of quarters will it take to reach $19,000.00? What is the amount of the smaller concluding deposit? It will take quarters of full deposits. The smaller concluding deposit is $ (Round to 2 decimal places.)

Q: One year from today you must make a payment of $13,000. To prepare for this payment, you plan to…

A: A periodic payment is the set of payments that a borrower makes to the lender or the deposits that…

Q: A loan of $1000 is paid off in 12 monthly payments of $120 each. What is the effective annual…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: If $450 is deposited at the end of each quarter into an account paying 10% compounded quarterly, how…

A: The question is based on the concept of Annuity.

Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…

A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…

Q: What is the amount of 15 equal annual deposits that can provide five annual withdrawals when a first…

A: The flow of payments which are made at regular interval of time are termed as annuity when amount is…

Q: How much (in dollars) is needed in an account that earns 10.8% compounded monthly to withdraw $1,000…

A: The formula used as follows: Present value=A1-11+rnr

Q: To establish a "rainy day" cash reserve account, a certain company deposits $12,000 of its profit at…

A: The question is based on the concept of Annuity.

Q: How much money should be invested in an account that earns 9 percent interest, compounded monthly,…

A: Excel Spreadsheet:

Q: How many payments will you have made when your account balance reaches $15,000?

A: Future Value of Annuity: It is the worth of the recurring cash flows or payments at a certain…

Q: First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City…

A: Simple interest is the additional amount that the bank pays for depositing a sum in the account. In…

Q: Suppose a certain manufacturer deposits $3,000 at the beginning of each 3 month period for 6 years…

A: a) The question gives the following information:

Q: If $5500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on…

Q: Bank A offers a nominal annual interest rate of 5% compounded daily, while Bank B offers continuous…

A: Here, Bank A: Annual Interest rate = 5%  No. of Compounding Periods = 365 days Present value of…

Q: You can earn .51 percent per month at your bank. If you deposit $3,400, how long must you wait until…

A: The number of months can be calculated with the help of future value function

Q: To establish a "rainy day" cash reserve account, a certain company deposits $14,000 of its profit at…

A: In the given question we need to calculate the future value of the account after 4 years and after…

Q: If $1,000 is deposited each quarter in an account that earns 2% compounded quarterly, how many full…

A: The question is based on the concept of Annuity

Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…

A: Question is based on the concept of Time value

Q: f K40, 000 is deposited at the end of each half year in an account that earns 6.2%  compounded…

A: Comment - Multiple Questions Asked Interest  It is the amount that the borrower must pay in order to…

Q: Suppose you deposit $4,000 at the end of each quarter for five years at an interest rate of 8%…

A: Given: The deposited amount is $4,000 for five years The interest rate is 8% Deposited quarterly…

Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…

A: PV=FV11+rn=$70011+4.54×1004×3+$500011+4.54×1004×5=$612.062293+$3997.59977=$4609.66206=$4609.66

Q: A loan of $6,000 is repaid by payments of $544 at the end of every three months. Interest is 7%…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: If you deposit 2500 into an account paying 11% annual interest compounded quarterly, how  long until…

A: The number of years: An initial investment grows to a certain given amount at a specified interest…

Q: If $2500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Annuity is a stream of recurring cashflow at regular interval for fixed period at specific rate.…

Q: You can earn .47 percent per month at your bank. If you deposit $3,000, how long must you wait until…

A: Computation of No. of months taken for deposit of $3,000 grown into $6,000 on an interest of 0.47%…

Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…

A: In this question payment per quarter has to be find out. Future value , rate of return and number of…

Q: $480 is deposited at the beginning of every 6 months into a savings account. This will continue for…

A: An account where deposit made by accountholder is credited and credit balance is added with interest…

Q: You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent…

A: Data given:: Amount = $5000 Regency Bank offers = 15% compounded monthly (15%/12 = 1.25%) King Bank…

Q: Velma deposits $2,534 at the end of each quarter, increasing the deposit by $147 per quarter. How…

A: The timing of cash flow is taken into account by discounting them. This is partly due to the effect…

Q: If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…

A: Given data; deposit amount = $5500 rate of interest = 7% Future value of annuity = $90,000

Q: 20. $1,000 is deposited each month in an account paying 4.23% for 15 years. Then, $350 is deposited…

A: Note : As per our guidelines, we can only answer one question at once. Please post other question…

Q: You’re prepared to make monthly payments of $265, beginning at the end of this month, into an…

A: Monthly payment (P) = $ 265 Future value (FV) = $ 68000 Annual interest rate  =9% Monthly interest…

Q: Sixty monthly deposits are made into an account paying 8% nominal interest compounded monthly. If…

A: Payment per period can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv],…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. (…

A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…

Q: If you put $259 into a bank account that pays 3.5% interest, compounded 9 times per year, how much…

A: Workings:

Q: You're prepared to make monthly payments of $260, beginning at the end of this month, into an…

A: The number of payments made can be calculated with the help of NPER function of Excel

Q: suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will…

A: Future Value(FV) is value of current amount at future date. It is computed by compounding that…

Q: A payment of $13,735 is due in 1 year, $19,500 is due in 4 years, and $8,900 is due in 7 years. What…

A: Payment due in year 1 (P1) = $13735 P4 = $19500 P7 = $8900 Interest rate = 5.5% monthly compounded

Q: First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City…

A: a) simple interest on first city bank Simple interest = Amount * rate * time

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: A total of $66,000 is borrowed and repaid with 48 monthly payments, with the first payment occurring…

A:

Q: What is number of regular deposits ? What is final deposit one period later after last regular…

A: Formula used: Calculating principal and interest for each payment with compounded daily interest…

Q: A payment of $14,455 is due in 2 year, $18,000 is due in 4 years, and $8,450 is due in 7 years. What…

A: The question is based on the concept to calculate present value of expected future cash flows at…

Q: A payment of $2,690 was due two years ago, and a payment of $1,650 is due today. What single payment…

A: This question can be solved in light of time value of money and future value. The formula to…

Q: To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9720. What annual…

A: future value = $10000 Mature time = 6 months or 6/12 Principal = $9720 interest amount = future…

Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…

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

Q: You're prepared to make monthly payments of $200, beginning at the end of this month, into an…

A: Monthly payment (M) = $200 r = 10% per annum = 0.833% per month Let n = Number of payments

Q: Bank A offers a nominal annual interest rateof 6.5% compounded daily, while Bank B offerscontinuous…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…