What is the interest earned in a savings account after 12 months on a balance of $1000 if the interest rate is 1% APY compounded yearly?

Q: What is the value of an annuity at the end of 10years if $1,000 is deposited every six months into…

A: Introduction: Future value of an ordinary annuity can be defined as a metric which helps to know how…

Q: What is the present value of $1,150 deposited at the end of each quarter year for 12 years earning…

A: Calculation of Present Value:The present value is $38,124.16.Excel Spreadsheet:

Q: How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A: Using excel PV function

Q: Suppose that you deposited $5,000 in a savings account. It has been 15 years and your current…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: What is the interest earned in a savings account after 12 months on a balance of $4000 if the…

A: Since compounding is annually and we have to find the interest earned for 12 months, formula would…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 10…

A: Here, Future Value is $2,000 Compound Period is Monthly Interest Rate is 7% Therefore, Monthly…

Q: If you deposited $18000 and the bank is paying 7% interest compounded monthly, how much would be…

A: We know that the formula to calculate the accumulated value of cash flow is C*(1+r)n, where C is the…

Q: A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and…

A: Individuals deposit a sum of money into savings accounts in order to earn interest and accumulate a…

Q: How much money would be accumulated in15years for a deposit of $15,000 made at the end-ofyear zero…

A: The formula used as follows:

Q: How much should be paid monthly into an account paying 5% interest compounded monthly so that the…

A: Computation:

Q: What is the future Value of m Ordinary ity at the end of 5years if $370 Tsdeposited each month into…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and…

A: There are various types of Bank Accounts, one of the basic and most commonly used is Saving's…

Q: Find the amount invested in a saving account so that the balance at 7% interest compounded annually…

A: The amount invested today can be computed with the help of present value function.

Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…

A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58

Q: How long will it take to save $2581.00 by making deposits of $227.00 at the end of every month into…

A: Amount to be saved is $2581.00 Interest rate is 7% compounded monthly Monthly deposit $227 To Find:…

Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…

A: Question is based on the concept of Time value

Q: Suppose that $1,000 is invested for 4 years at an interest rate of 12%, compounded quarterly. How…

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

Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A:

Q: What's the future value of an initial $100 after 3 years if it is invested in an account paying 10%…

A: Given: Initial deposit = $100 Time =3 years Interest rate =  10% Future value = Initial deposit* (1…

Q: What is the value of an ordinary annuity at the end of 10 years if $500 per quarter is deposited…

A: Amount Deposited per quarter = $500 Years = 10 Rate =8% Total terms(n) = 10*4 =40 Rate per quarter…

Q: how much money must you put in a savings account today?

A: PV is the money value in today’s terms which is to be received at some future date whereas FV is the…

Q: Suppose you deposit $22.000 in an account today that pays 6% interest, compounded annually. How long…

A: Information Provided: Initial deposit = $22,000 Future value = $76,000 Interest rate = 6% compounded…

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…

Q: A person invests $1000 at 3% compounded monthly. When will the  account have $1800 in it?

A: Time value of money means the amount of money received in the present period will be worth more…

Q: what is the balance in an account at the end of 10 years if 5,000 is deposited today at the account…

A: The  following formula is to be used in order to find out the balance in  account A =P[1+r/n]nt…

Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…

A: Given: Present value (PV) = $2500 Interest rate (r) = 4% = 0.04 Time period (n) = 10 years

Q: Suppose that you deposit $10 at the end of each day into a savings account that pays 2% interest…

A: Accumulated value can be defined as the sum of investment and interest earned on investment over a…

Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…

A: In the given question we are required to calculate the future value from the following details:…

Q: If you invest $2,538.00 in an account earning an annual interest rate of 3.153% compounded…

A: Interest is the fee paid to investor for investing funds over a period of time. It is the…

Q: What is the present value of 5,275 due in 6 months if 11% interest is paid

A: Future Value = (P * R * T) + PWhere P = Present ValueR = Rate of InterestT = Time Period

Q: what is the future value of an mortar $300 after 4 years if it has invested in an account paying an…

A: Here, Amount is $300 Time Period is 4 years

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: PV = FV/(1+r)^n

Q: What is the future value of $1,100 placed in a savings account for 4 years if the account pays 7%…

A: Following information is given in the question: Present value (Investment today) = $1100 Time period…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Present Value is the today's value of a future amount at a given interest rate for a specified time…

Q: What amount must be invested now in savings account earning 9% compounded quarterly to accumulate a…

A: Present Value is the current value of all the cash flows which is to be received in the future which…

Q: What rate of interest j4 must be earned for deposits of $100 at the end of each month to accumulate…

A: Following details are given in the question: Deposit (Payment) each month = $100 Time period = 18…

Q: If you deposit 100 OMR into your savings account at the beginning of each year over a 12-year…

A: The future value of annuity due refers to the future value of a series of payments. The future value…

Q: What interest will be earned if 4,000 dollars is invested for 4 years at an annual rate of 7%…

A: The interest will be the future value of the investment less the amount invested.

Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: 1. a. In a savings account 3% annual interest rate compounded monthy, P 1,000 is deposited at the…

A: Note: It is a case where the number of questions asked is more than one and no specified question is…

Q: 2. If $100 is deposited in a bank at the beginning of each month for 10 years, what is the…

A: Computation:

Q: How much money would be in an account if $6,200 is deposited at 2% interest compounded semi-annually…

A: Time value tells the amount received by an individual today is of more worth than the same amount…

Q: If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance…

A: given, pv = $2000 r = 3.6% m =4 n= 6

Q: Find the amount due if $100 is borrowed for 11 months at 5% simple interest.

A: Interest can be charged using two methods: Simple Interest refers to interest charged on principal…

Q: At the end of two years, what will be the balance in a savings account paying 6% annually if $10,000…

A: In this question we need to compute the future value after 2 years.

Q: at is the present worth and future of P6000 deposited at the end of every month for 4 years if the…

A: The more is compounding more is future value and less is the present value of money due to the fact…