Just answers plz AppsSeven years ago Cesar began depositing $300 at the beginning of each month into anaccount. The interest rate was 4.13% compounded monthly. Answer the followingquestions, and round all answers to two decimal places where necessary.Choose BGN or END?1) What is the present account balance?P/Y =C/Y =N =I/Y =PV = $PMT = $FV = $2) If he stops making deposits immediately, how much will be in the account in six and ahalf years from now, if the interesmonthly)?ate remains the same (4.13% compoundedP/Y =C/Y =N =I/Y =PV = $PMT = $FV = $9 Type here to searchescéchapp?1019 144A%2324&3.47a1/4WE

An annuity is the deposit of a fixed amount regularly at a fixed interval of time over a specified…

Answered: What is the present account balance?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 36P

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Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264
Seven years ago Ruby began depositing $500 at the beginning of each month into an account. The interest rate was 1.48% compounded monthly. Answer the following questions, and round all answers to two decimal places where necessary. Choose BGN or END? Ⓒ 1) What is the present account balance P/Y= PV = $ esc P/Y= PV = $ Submit Question 1 C/Y= 2) If she stops making deposits immediately, how much will be in the account in three and a half years from now, if the interest rate remains the same (1.48% compounded monthly)? F1 PMT= $ C/Y= PMT= $ 2 F2 N= #3 N= FV = $ 80 F3 FV = $ I/Y = Q F4 I/Y = % 9 F5 % % F6 F7
Five years ago you opened a savings account with annual compound interest by depositing $1500. You check your balance today, and it is $1738.91. Assuming u have made and will make no withdrawals or deposits, when will your account have a balance of $3000 ? In ___ years round to nearest tenth
1. You have saved $1000 and have decided to deposit it into an account paying 3% APR compounded monthly. Since you have done so well with saving, you are also able to deposit $100 into the account at the end of each month. Fill in the following table. (Don't use the regular deposits balance formula.) (Round your answers to 2 decimal places.) At end of month number Interest paid on prior balance Deposit Balance 1000 3.
1. You have saved $1000 and have decided to deposit it into an account paying 3% APR compounded monthly. Since you have done so well with saving, you are also able to deposit $100 into the account at the end of each month. Fill in the following table. (Don't use the regular deposits balance formula.) (Round your answers to 2 decimal places.) (0.125 pts each) Interest paid on prior balance At end of month Deposit Balance number 1000 3 4.
Assume Jed Gerbil invested $ 12,524 into an account exactly two years ago. The account has an interest rate of 13.1 % p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84).
How much must you deposit in an account today so that you have a balance of $18,355 at the end of 11 years if interest on the account is 13% p.a., but with quarterly compounding? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.
Assume you deposit $5,700 at the end of each year into an account paying 11. interest. a. How much money will you have in the account in 19 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g b. How much will you have if you make deposits for 38 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g а. Future value $ 324,555.08 b. Future value $ 2,462,818.38
Use Table 12-1 to solve. Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $150 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 18 months? (Round your answer to the nearest cent.) $ Submit Answor
Suppose that on January 1 you have a balance of $3100 on a credit card whose APR is 17%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1 a. Calculate your monthly payments.b. When the card is paid off, how much will you have paid since January 1?c. What percentage of your total payment from part (b) is interest?
Use Table 12-1 to solve. Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $150 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 18 months? (Enter a number. Round your answer to the nearest cent.) $
A person opens a bank account with a deposit of $150 what is the future value of this amount after 3 years if the interest rate is 8% compounded quarterly? O a. 166.29 O b. $190.23 c. $300 O d. 188.20

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