sandhill company deposited 60, 000 annually for 2 years in an accountpaying 12% interest compounded annually. what is the balance of the account at the end of the 2nd year

Suntech Distributors, Inc., deposits $4,000 at the beginning of each 3-month period for 7 years in an account paying 6% interest compounded quarterly. Round your answers to the nearest cent. a. How much will be in the account at the end of the 7-year period? $ b. What is the total amount of interest earned in this account?

Halep Inc. borrowed $54,000 from Davis Bank and signed a 4-year note payable stating the interest rate was 4% compounded annually. Halep Inc. will make payments of $14,876.46 at the end of each year. Prepare an amortization table showing the principal and interest in each payment. Round your answers to two decimal places. Year BeginningBalance Payment Interest To Principal EndingBalance 1 $ $ $ $ $ 2           3           4

The maturity value of a savings account that belonged to Peach Company was $47,333.50. The interest charged for the first 4 years was 4% compounded semi-annually, and 4% compounded quarterly for the next 3 years. a. Calculate the amount that was deposited in the savings account at the beginning of the period.

A depositor opens a new savings account with 8,000 at 8% compounded semiannually. At the beginning of year 3 an additional 7,000 is deposited.at the end of four years what is the balance in the account

Halep Inc. borrowed $36,000 from Davis Bank and signed a 4-year note payable stating the interest rate was 4% compounded annually. Halep Inc. will make payments of $9,917.64 at the end of each year. Prepare an amortization table showing the principal and interest in each payment. Round your answers to two decimal places. Year BeginningBalance Payment Interest To Principal EndingBalance 1 $fill in the blank 1  $fill in the blank 2  $fill in the blank 3  $fill in the blank 4  $fill in the blank 5  2 fill in the blank 6  fill in the blank 7  fill in the blank 8  fill in the blank 9  fill in the blank 10  3 fill in the blank 11  fill in the blank 12  fill in the blank 13  fill in the blank 14  fill in the blank 15  4 fill in the blank 16  fill in the blank 17  fill in the blank 18  fill in the blank 19  fill in the blank 20

Certain Concrete Company deposits $2,000 at the end of each quarter into an account paying 11% interest compounded quarterly. What is the value of the account at the end of  7 1/2 1 2  years? (a) State the type. A. present valueB. ordinary annuity    C. sinking fund D. amortization E. none of these (b) Answer the question. (Round your answer to the nearest cent.)

$500 is deposited into an account at time 3 years and $750 is deposited into the same account at time8years. The annual effective interest rate credited to the account is4%. The accumulated value of the account at time n is $2,645.88. Determine n.

A debt of $63 100.00 is repaid by payments of $4350.00 made at the end of every six months. Interest is 6.5% compounded quarterly.a) What is the number of payments needed to retire the debt?b) What is the cost of the debt for the first five years? c) What is the interest paid in the 11th payment?d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.

Halep Inc. borrowed $58,000 from Davis Bank and signed a 4-year note payable stating the interest rate was 4% compounded annually. Halep Inc. will make payments of $15,978.42 at the end of each year. Prepare an amortization table showing the principal and interest in each payment. Round your answers to two decimal places. Year BeginningBalance Payment Interest To Principal EndingBalance 1 $fill in the blank 1  $fill in the blank 2  $fill in the blank 3  $fill in the blank 4  $fill in the blank 5  2 fill in the blank 6  fill in the blank 7  fill in the blank 8  fill in the blank 9  fill in the blank 10  3 fill in the blank 11  fill in the blank 12  fill in the blank 13  fill in the blank 14  fill in the blank 15  4 fill in the blank 16