£ In a bank account that pays interest 8% p.a, what should you deposit now to have a balance of £2,000 a year from now? Enter an answer correct to 2 decimal places.
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- 2. It is now January 1, 2x16, and you will need P100,000 on January 1, 2x20. Your bank compounds interest at an 8% annual rate. How much must you deposit today to have a balance of P100,000 on January 1, 2x20?a) You have a bank account that earns 6.8% interest rate. How much must you deposit (prinicipal) in order to have $4279 in your bank in 11 months? b) What is the interest rate?Give typing answer with explanation and conclusion You deposit $1,000 into a bank account that pays interest at j12=12%. How much money will you have in 30 months?
- Suppose you deposit $1,751.00 into an account today that earns 5.00%. It will take ___ years for the account to be worth $2,806.00. Answer format: Number: Round to: 2 decimal places.Find the size of the monthly bank payment: P=$75,000 interest= 7 3/4% time= 4 monthsH1. A bank bill with a face value of $250,000 was issued today and it matures in 60 days' time. If interest rates are 4.5% p.a. what amount of cash does the issuer receive today? Show proper step by step calculation
- Find the tripling time with 4 decimal places on a bank account that pays 7.2% APR if interest is compounded: a) continuously b) weeklyYou deposit $100, $150, & $200 in a bank account at the end of years 1,2,& 3 and earn 7%interest. If (P/G, 7%, 3)=2.506 and (A/P, 7%, 3)=.3811 what is the present value (now) ofthese deposits.Question 4 Suppose you want to have $400,000 for retirement in 20 years. Your account earns 6% interest. How much would you need to deposit in the account each month? Enter an integer or decimal number
- Question A It's the first day of the year and you currently have $4,000 in the bank. You plan to deposit $700 at the end of every year for the next 55 years, with the first payment made 1 year from now (payments from t=1 to t=55 inclusive). If bank interest rates are 9% pa, how much money will be in your bank account a moment after making your last deposit in 55 years? answer is $3,398,689.19 .Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this lineYou have just deposited X dollars in your bank account that pays interest of 6 percent p.a. You discover that at the end of one year you have $ 10,044 in the account. What was X, that is, the amount of money that you deposited today? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).A- A person deposited $40,000 at a bank at an interest rate of 16% compounded quarterly. Find the effective rate (APY). Write your answer in percentage rounded to the nearest hundredth.