Sammi deposits $12000 at the beginning of each 6-month period into a special savings account. This account will last for 7 years and pays the  interest rate of 6% compounded semi-annually. What will be the balance when she closes the account in 7 years?

Q: Dylan deposits $10,000 now and makes an additional deposit of $5,000 at the end of Year 3 in the…

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

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: Lauren plans to deposit $5000 into a bank account at the beginning of next month and $225/month into…

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

Q: Jason makes six EOY deposits of $2,000 each in a savings account paying 5% compounded annually. If…

A: The compound interest is calculated on the principal amount annually. It considers the present value…

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

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

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: Joe plans to deposit $300 at the end of each month into a bank account for a period of 3 yr, after…

A: To solve this question we have to first find the future value of monthly annuity of $ 300 after…

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: Lauren plans to deposit $5000 into a bank account at the beginning of next month and $200/month into…

A: Future value is the amount accumulated on the deposit made along with interest earned on the…

Q: Sophia obtains a loan of 300,000 pesos with interest at 8% compounded semiannually. She will pay her…

A: Loan amount (PV) = 300,000 pesos Interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4% First…

Q: Rachael invests $8000 for 7 years and 8 months. The account earns 12% semiannually. A) What is n…

A: Future value of present sum depends on whether it is simple interest or compounded…

Q: Amishi deposited $600, at the end of each six months for 19 years in a savings account. If the…

A: The future value (FV) represents the value of a current asset at some point in the future based on…

Q: Amishi deposited $800, at the end of each six months for 19 years in a savings account. If the…

A: The future value of an annuity is the value of a series of equal payments each period calculated at…

Q: Mattie Bookhout receives an annual bonus and deposits it in a savings account that pays 8%…

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

Q: Alice Reed deposits $16,500 in Rye Bank, which pays 10% interest compounded semiannually.  What will…

A: In this we have to calculate the future value of the present value.

Q: Candace borrows $4000 from Nick due in 10 years with simple interest at 8% monthly. Two years after…

A: The proceeds would be the difference between Present value at new terms and old terms. and we  will…

Q: Lauren plans to deposit $5000 into a bank account at the beginning of next month and $225/month into…

A: Calculation of Money in the Account in 7 Years:The money in the account in 7 years is…

Q: Sophia deposits 130,000 pesos at the end of each year in a savings account that pays a nominal rate…

A: Compounding that is constant is referred to as continuous compounding. Some people imagine…

Q: SAVINGS ACCOUNTS If Jackson deposits $100 at the end of each month in a savings account earning…

A: We here need to use future value of ordinary annuity(payment due at end) formula for calculation of…

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: Jane begins a savings program to have $4000 after 7 years. She makes a regular deposit every month…

A: The placing of cash in a financial institution such as bank is known as deposit. There are different…

Q: Yolanda deposited $1,600 at the end of each six months for 2 years in a savings account. If the…

A: Future value (FV) refers to the sum value of current assets of the company which is evaluated at a…

Q: Jane begins a savings program to have $4000 after 7 years. She makes a regular deposit every month…

A: An Annuity is simply a fixed amount which is invested monthly to get a certain amount after a…

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: A man deposits ​$14,000 at the beginning of each year for 14years in an account paying 77​%…

A: The question is based on the concept of future value of annuity payment due. Future value of an…

Q: Anthony plans to deposit $500,000 now and $10,000 every 6 months for 5 years into an account.…

A: Deposit now (D) = $500000 Semiannual deposit (A) = $10000 n = 5 years = 10 semiannual deposits…

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

A:

Q: At the end of every 3 months, Sam deposits $150 into an account that pays 6% compounded quarterly.…

A: Investors invest in particular securities with an expectation of receiving some gains in future. The…

Q: Minu deposits $950 at the end of each quarter for 6 years in an account that earns 1.8% per year…

A: As the number of compounding period increase than the effective interest rate increases and more…

Q: Brandt receives a loan of S10000 from a bank at an annual interest rate of 6% compounded monthly to…

A: Loan is contract between lender and borrower where lender provide funds to borrower that is repaid…

Q: When Michelle retires in 12 years, she wants to receive $250.00 payments at the start o every month…

A: An annuity is the equal amount of payment that has to be paid over the period.

Q: Mrs. Santos deposits P5,500 at the end of every six months in a savings account for her daughter's…

A: Deposit = 5500 every 6 months End of month deposits Interest rate = 4% semi annual period N = 21…

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

A: Quarterly deposit (P) = P 10,000 Annual interest rate = 7% Quarterly interest rate (r) = 7%/4 =…

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: Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the…

A: As period goes on compounding interest increases with more compounding during the period.

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: 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: Lydia deposits $900 at the end of each year for 9 years in a savings account. The account pays 8%…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: An uncle has deposited $10,000 into an account that is paid quarterly at an annual rate of 2%. The…

A: The present value of the annuity is the current worth of a cash flow series at a certain rate 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: Mae expects to receive $1,000 at the end of each of the next three years. She will deposit these…

A: Mae expects to receive at the end of each of next three years = $1000 She will deposit these…

Q: ohn deposits Ghs|250 at the of each month for 5 years account that credits interests at a nominal…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: Jasdeep plans to deposit $150 at the beginning of each month for 20 years. If the account earns 7.2%…

A: In finance, the term annuity shows the sequence of periodic cash flows over a particular time…

Q: 1) Alisha invests 5,000 into an account. The effective monthly interest rate is .25% for the first…

A: Amount available in account after given time period and interest rates is calculated by future value…

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