Juanita has $100 deducted from her paycheck at the end of each month and put into a savings account earning 11% interest compounded monthly.  She continues these deposits for 5 years.  How much is in the account at the end of 5 years?

Q: Juan deposits $5,000 into a savings account that pays 7.2% per year, continuously compounded. What…

A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: Samantha made regular, equal deposits into savings accounts at the end of every month for three…

A: Annuity is a no. of finite payments which are equal size and made in equal time periods. Person…

Q: Jackie deposits GH¢200 at the beginning of each month for 5 years in an account paying nterest at 10…

A: Using excel FV function

Q: Jason makes it a habit to deposit 1,500 pesos into a bank account every month for 5 years. The…

A: The given problem relates to concept of annuity. An annuity is a series of uniform cash flows over a…

Q: How much should Elizabeth have in a savings account that is earning 4.50% compounded quarterly, if…

A: Given: Particulars Amount Amount(PMT) $1,550 Years 10 Interest rate 4.50%

Q: Bryan received a loan of $42,000 from the bank at 3.25% compounded monthly. If she had to repay $350…

A: Given that: Interest rate r = 3.25% per year = 0.2708% per month Period n =3 year= 36 months…

Q: how much would he have at the end of 3 years?

A: Time value of money(TVM) means that the present sum of money will have more value than the future…

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: Aidan deposits $1000 at the end of each quarter in an account that pays 5.25% per year, compounded…

A: Solution: An equal amount invested every period is called annuity. So, future value of annuity = PMT…

Q: Timothy invests $5000 at 17% interest compounded daily for three years. How much does he have in the…

A: 17% interest compounded daily means the interest rate will be divided by 365 and n will be…

Q: to attend school Sam deposits $130 at the end of every month for two and one half years.what is the…

A: Future Value of Ordinary Annuity refers to the concept that finds out the value of the sum of all…

Q: Prisha received a loan of $25,000 from the bank at 3.50% compounded monthly. If she had to repay…

A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: Shayla deposited $4,000 into an account earning 5% interest per year, compounded every 6 months.…

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

Q: Julie deposits $600 at the end of each month into her savings account. If the amount earns 5.25%…

A: In finance, the term annuity depicts a sequence of cash flows over a specific time duration. Each…

Q: Ron has made deposits of $80.00 into his savings account at the end of every three months for 10…

A: The compound interest is when the interest earned in a period is reinvested thereby earning more…

Q: Joseph received a loan of $40,000 from the bank at 4.25% compounded monthly. If she had to repay…

A: Mortgage/ Borrowings:  Borrowings are the loans taken by an individual, from banks or non-banking…

Q: Caroline invest $100 on the last day of each month into an account earning 8% interest, compounded…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: At the end of every week, for 2 years, Carlo puts $35 into an account that earns 5.2% per year,…

A: If an individual is regularly depositing certain account at the beginning of the period it would be…

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A: Amount deposited = OMR 500 Interest Rate = 55 per annum Interest rate (r) half Yearly = 5%/2 = 2.5%…

Q: Isabelle makes deposits of $365 monthly (at the end of each month) into an account that pays 1.5%…

A: Annuity refers to series of equalized payments that are either made at start or end of specific…

Q: Steve invests $1,800 in an account that earns 3.7% annual interest, compounded continuously. What is…

A: Present Value = $1,800 Interest rate = 3.7% Time Period = 10 Years

Q: naline wants to have 5000 dollars after 6 years in the account that draw a nominal interest of 7…

A: The future value of goes on increasing as there is more compounding over the period of time.

Q: Jovaira deposits ₱10,000 every 3 months in a time deposit account giving 7% interest rate compounded…

A: The amount at the end of 5 years can be computed with the help of future value of annuity

Q: Peter deposits $75 at the end of each quarter for 15 years into an account that pays 3.14%…

A: Given data; payment amount= $75 number of years = 15 annual rate = 3.14% compounding frequency = 4…

Q: Ma. Nochna Pula borrowed $10,000 at 6% annual compound interest. She agreed to repay the loan with…

A: Annual payment can be calculated using the present value of annuity formula. Present value of…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $623 per month…

A: FUTURE VALUE OF ANNUITY IS THE GROUP OF RECUURING CASHFLOW COMPOUNDED TO FUTURE DATE. GIVE, A= $623…

Q: Cheska is saving for her dream cellphone. She deposits 2,000 pesos at the end of each month that…

A: Future Value refers to value of any current amount or flow of recurring payments at some future date…

Q: Yolanda deposited $1,800 at the end of each six months for 2 years in a savings account. If the…

A: The future value of an investment is the amount accumulated in the account after a period of time.…

Q: Yolanda deposited $1,800 at the end of each six months for 2 years in a savings account. If the…

A: The value of money differs with the time passage and the value of it at present is worth more than…

Q: If at the end of each month, a saver deposited $100 into a savings account that paid 12% compounded…

A: Future value is the worth of the current amount at some future specified date considering the…

Q: Kelly Malone plans to have $50 withheld from her monthly paycheck and deposited in a savings account…

A:

Q: Alexandra had a balance of $2,000 in her RRSP. In addition to this, she invested $300 at the end of…

A: Given,

Q: Sid has made deposits of 960 at the end of every 6 months for five years. If interest is 5%…

A: Semi annual deposit (P) = 960 Interest rate = 5% Semi annual interest rate (r) = (1+0.05)1/2-1…

Q: Can you please help me work this problem out in detail?   Carol is depositing $250 into an account…

A: The amount deposited every six months is $250. The total number of deposits in 5 years would be 10.…

Q: how much will she have in her account after 11 years

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

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

A: This question is from time value of money. It is the concept that money you have now is worth more…

Q: Cena deposits a certain amount of money into his family’s savings account at the beginning of each…

A: Future value = $ 100,000 Period = 4 Years Period in quarters = 4*4 = 16 Annual interest rate = 8%…

Q: ica deposits her annual business profit into a savings account that pays 7% interest compounded…

A: Future Value refers to the value of the current asset or investment or cash flows at a specified…

Q: At the end of each quarter, Patti Deposits $700 into account that pays 12% interest compounded…

A: In order to find the ending amount one needs to find the future value.

Q: On October 1, Lorelai made a single deposit of $12,000 into an investment account which earns…

A: In this question future value of the initial deposit is to be find out. Future value is the value of…

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: Morgan received a $29,050 loan from a bank that was charging interest at 3.25% compounded…

A: Loan is the value or an amount which is borrowed from other sources like banks for a finite period…

Q: Erica deposits $1,400 at the end of every 3 months in an RRSP that is earning 6.90% compounded…

A: Using excel NPER Function

Q: Each month Lara invests $100 in an account earning 4% annual interest compounded monthly. a)find the…

A: Annuity refers to an investment which involves a series of regular payments for a certain period of…

Q: Dory deposits a certain amount of money into her savings account at the beginning of each quarter…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: Lina borrowed 5000 at 8% compunded monthly.  She must begin to repay it at the end of this month and…

A: Ordinary annuity refers to the series of periodic payments that a borrower has to make regularly to…

Q: Beatrice deposits $75 at the end of each month into an account earning 4.75% compounded monthly. How…

A: Compound interest refers to the interest accrued not only on principal amount but also on the…

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

Q: In 5 years a couple would like to have $25,000 for a down payment on a house. What fixed amount…

A: Given: Accumulated amount (A)=$25000compound interest rate (r)=9%No. of times compounded in a year…

Q: Yolanda deposited $1,200 at the end of each six months for 2 years in a savings account. If the…

A: The question is based on the concept of Annuity