If Paige has accumulated $6000 by saving $110 every month for four years, what nominal annual rate of interest compounded semi-annually has been earned? The nominal annual rate of interest is compounded semi-annually (Round to two decimal places as needed)
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?if page has accumulated $6200 by saving $116 every month for four years, what nominal annual rate of interest compounded quarterly has been earned? the nominal annual rate of interest is ___% compounded quarterly.cecilia invested $5000 in an account four years ago. Today her account has a balance of $6200. Given that her account offered quarterly compounding of interest, the APR on this account is?
- Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 9.8% compounded quarterly, and the balance after six years is $17, 000, what is the size of the monthly payment? The size of the monthly payment is $Anna places $384 each quarter into an account that earns. If the account earns 1.41% interest compounded quarterly. After 7 years, the amount in the account should be? What kind of account is thisHarlan made equal payments at the end of each month into his RRSP.if interest in his account is 9.6% compounded semi -annually ,and the balance after eleven years is $17500, what is the size of the monthly payment .
- Steve invests $1,800 in an account that earns 3.7% annual interest, compounded continuously. What is the value of the account after 10 years? Round your answer to the nearest dollar.Jane Adele deposits $1,500 in an account at the beginning of each 3-month period for 11 years. If the account pays interest at the rate of 4%, compounded quarterly, how much will she have in her account after 11 years? Solve the problem. (Round your answer to the nearest cent.)Samantha made regular, equal deposits into savings accounts at the end of every month for three years. Her investments were earning 5% compounded quarterly and grew to \$12,800 at the end of three years. Calculate the size of her month-end deposits. After the above period, if she continues making the same month-end deposits, how long will it take to accumulate to \$45,000?
- Alexandra had a balance of $2,000 in her RRSP. In addition to this, she invested $300 at the end of every 3 months for 6 years. Her RRSP earned 4.00% compounded quarterly for the first 4 years and 7.00% compounded quarterly for the rest of the period. a. What is the accumulated value of the balance of $2,000 at the end of the time period? Round to the nearest cent b. What is the accumulated value of the annuity at the end of the first 4 years? Round to the nearest cent c. What is the future value of the accumulated value from (b) at the end of the 6 years? Round to the nearest cent d. What is the accumulated value of the $300.00 annuity for the next 2 years at 7.00% compounded quarterly? Round to the nearest cent e. How much did she have in the RRSP at the end of the time period? Round to the nearest cent f. What were her total earnings? Round to the nearest centWhat is the future worth of a series of equal year-end deposits of $3,000 for 15 years in a savings account that earns 9% annual interest if the following were true? a. All deposits are made at the end of each year? b. All deposits are made at the beginning of each year?Shaun deposits $3,000 into an account that has an annual rate of 2.9% compounded continuously. How much is in the account after 2 years and 9 months? Round your answer to two decimal places
