What sum of money must be deposited at the end of every 3 months into an account paying 3.7% compounded monthly to accumulate to $18,000.00 in 12 years?

Q: How much must be deposited at the beginning of each year in an account that pays 3% compounded…

A: Time value tells that amount received today is of more value than that of receiving the exact value…

Q: Deposits of $1000 are made semiannually into an account which earns 8% semiannually. If the deposits…

A: given data $1000 deposit are made semiannually for 9 years  it earns 8%  compounding interest…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The size of the payment can be computed by using the PMT formula of excel. The values require for…

Q: how much deposit did Bea make at the beginning of each month that will accumulate 120000 pesos at 8%…

A: The Question belong to the Concept of Annuity Due. pesos  Meaning of Annuity Due: An annuity due is…

Q: If money is worth 8% annually, what annual payment is required to raise ₱ 18,811 after 2 years if…

A: Future Value of Annuity Due = (1 + r) x P x [{(1 + r)^n} - 1] / r

Q: Sixty monthly deposits are made into an account paying 8% nominal interest compounded monthly. If…

A: We need to use future value of ordinary annuity formula to calculate monthly payment PMT =FVn(1+r)n…

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A: In the given question we need to compute the future value after 9 years, 6 months.

Q: Deposits of $500 are made at the end of every month for five years into an account earrfing 4.5%…

A: In this we have to calculate future value FACTOR and from that determine the future value of money.

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. If…

A: FV of annuity = P * [(1+r)^n-1] / r Where, P = amount of each deposit r = rate of interest per…

Q: How much (in dollars) is needed in an account that earns 10.8% compounded monthly to withdraw $1,000…

A: The formula used as follows: Present value=A1-11+rnr

Q: Find the final amount of money in an account if $700 is deposited at 6.5% interest compounded…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: Shaun deposits $3,000 into an account that has an annual rate of 2.9% compounded continuously. How…

A: Deposited amount (PV) is $3,000. Annual rate is 2.9% compounded continuously. Period is 2 years 9…

Q: What deposit made at the beginning of each month will accumulate to P120,000 at 8% compounded…

A: Let the monthly deposit = M Accumulated value = P 120000 Interest rate = 8% semiannually compounded…

Q: If a deposit of $100 is made on the first day of each month into an account that pays 6% interest…

A: The compounding method is used to determine the future value of cash that is deposited today. Given;…

Q: final amount of money in the account if $1200 is deposited at

A: Compounding quarterly can be considered as the interest amount which is earned quarterly on an…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: compounded monthly for any deposits made in the next month. If they deposit $10,000, then how much…

A: Future value: It represents the future worth of the present sum of money. The future value is…

Q: How much must be deposited at the beginning of every six months in an account that pays 5%…

A: Introduction Annuity Due represents a stream of equal payments made at the beginning of each period.…

Q: What will the deposited amount be at the end of 5 years if P15,000 is deposited in an account…

A: Information Provided: Term = 5 years Rate = 4% compounded quarterly Principal = 15,000

Q: At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded…

A: Quarterly deposits (D) = P36,000 Interest rate = 6% Quarterly interest rate (r) =…

Q: How much must be deposited at the end of each month for six year to accumulate $3250.00 at 5%…

A: Using excel PMT function

Q: If you deposit 2500 into an account paying 11% annual interest compounded quarterly, how  long until…

A: The number of years: An initial investment grows to a certain given amount at a specified interest…

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: You deposit $5000 at the beginning of each year into an account earning 3% interest compounded…

A: Introduction: Annuity Due: It refers to the series or stream of equal payments made at the beginning…

Q: How much will be in an account at the end of five years the amount deposited today is $10,000 and…

A: The given problem can be solved using FV function in exceL. FV function computes amount BALANCE in…

Q: You owe the bank $1,245 in 9 months.  How much do you need to deposit in an account today, earning…

A: As per the given information: Amount owed to the bank - $1,245 in 9 months Earning - 3.25% APR…

Q: How much money is accumulated if P 5,800 is paid at the end of every month for 4 years at 5%…

A: Monthly payment (M) = P 5800 Number of payments (n) = 4 years = 48 months Interest rate = 5%…

Q: How much must be deposited at the beginning of each month in an account that pays 6% compounded…

A: Monthly rate = 6%/12 = 0.5% Number of periods = 7*12 = 84 Future value required is $31,000 Find…

Q: Find the final amount of money in an account if $8,900 is deposited at 7% interest compounded…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: If money is worth 8% annually, what annual payment is required to raise P 17,059 after 1 years if…

A: The question is based on calculation of present value of future expected cash flow . The calculation…

Q: How much must be deposited at the beginning of every six months in an account that pays 4%…

A: The amount which is deposited at the beginning of each period is called as annuity due. The period…

Q: For 8 years, $52 is deposited each week into an account that earns 2.1% interest, compounded weekly…

A: This question has two parts, First - $300 compounding every week for 8 years which is  simple…

Q: The owner of Oak Hill Squirrel Farm deposits $3,000 at the end of each quarter into an account…

A: This question require us to compute the value at the end of 6 years, 6 months from following…

Q: Supposed that P2,000 is deposited each year , on a continues basis into a savings account that pays…

A: Annual deposit (P) = P2000 Interest rate = 6% Mathematics constant (e) =…

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A: Quarterly deposit (P) = $2,000 Interest rate = 1.5% Quarterly interest rate (i) = Interest rate/4 =…

Q: Find the final amount of money in an account if $4,900 is deposited at 4.5% interest compounded…

A: Compounding is a technique through which FV of present amount is computed by using appropriate rate…

Q: A man deposits 320 at the end of each three months in an account paying 6% converted quarterly. In…

A: No of deposits required can be calculated using the formula of the future value of annuity.

Q: Layla puts PhP 45,000 into an account to use for future expenses. The account earns 13%, compounded…

A: Deposit amount (PV) = Php 45,000 Annual interest rate = 13% Interest rate quarterly (R) = 13%/4 =…

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: Beatrice deposits $75 at the end of each month into an account earning 4.75% compounded monthly. How…

A: Compound interest refers to the interest accrued not only on principal amount but also on the…

Q: What sum of money must be deposited at the end of every three months into an account paying 3.7%…

A: The question has asked to calculate the end-of-quarter payment which signifies this is an ordinary…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 8% compounded…

A: An annuity is a financial term that shows a sequence of periodic cash flows with a fixed amount over…