You deposit $2000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years?

Q: You deposit $5000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Deposit (P) = $ 5000 Interest rate = 2% Monthly interest rate (r) = 2%/12 = 0.166666666666667%…

Q: You have $6,000 to invest in a 5-year certificate of deposit (CD) that pays 10% interest compounded…

A: A financial instrument in which an individual or company investment a lump-sum amount for a…

Q: You deposit $5000 each year into an account earning 3% interest compounded annually. How much will…

A:

Q: You make two annual payments of $2,000 each (the first payment is made one year from today) into a…

A: Number of annual payments (N) = 2 Payment = 2000 Interest rate = 10%

Q: You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much…

A: Deposit amount = $ 500 Annual interest rate = 6% Period = 40 Years

Q: Aidan deposits $1000 at the end of each quarter in an account that pays 5.25% per year, compounded…

A: Solution: An equal amount invested every period is called annuity. So, future value of annuity = PMT…

Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

A: Future value of any deposits made is equivalent to the compounded value of deposits made for all the…

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Future Value is the compounding of present value at the specified rate of interest.

Q: If you deposit $8700 today in an account that pays 8.5% per year, compounded quarterly, how much…

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

Q: You want to be able to withdraw $5800 each year for 10 years. Your account earns 3% compound…

A: An annuity is the plan that gives a fixed amount in return for a lump sum. It is usually made with…

Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: We can use the concept of time value of money. As per this concept when finding the present value of…

Q: Assume you deposit $5,200 at the end of each year into an account paying 10 percent interest. a.…

A: deposit made at the end of each year = $5200                        interest rate annum     = 10%…

Q: You plan to deposit $900 PER YEAR into an account earning 5.25% interest compounded annually. How…

A: Since you posted multiple questions ,we will solve the  second page last question for you. if u want…

Q: If you deposit $500 in a savings account that offers3 percent interest, compounded annually, and…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: You deposit $200 each year in an account for 15 years and then $400 each year in the same account…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Find the future value of $300 deposited at the beginning of every year, for 15 years if the bank…

A: The series of cash flows discussed here is a form of an annuity due wherein an equal amount is paid…

Q: You have just deposited $9,500 into an account that promises to pay you an annual interest rate of…

A: GOAL (FV) 27940 INTEREST RATE 6.20% YEARS 8+12=20 PMT 0 PV 9500

Q: How much money must be deposited at the end of each year in a savings account that pays 9% per year,…

A: Compounded annually means at the end of every year, interest shall be added back to the principal…

Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…

A: The amount after 10 years will be the future value of the initial deposit.

Q: You invest $2,300 in a 4-year certificate of deposit (CD) that pays 3.2% interest, compounded…

A: In this question we need to compute the future value at the end of year 4.

Q: The bank is paying 9% interest compounded quarterly. If you deposit P5,000 at the beginning of each…

A: Interest rate (r) = 9% per annum = 2.25% per quarter Quarterly deposit (Q) = P 5000 n = 10 years =…

Q: You deposit $4700 in an account earning 3% interest compounded continuously. How much will you have…

A: Future Value Future value refers to the value of the investment at a certain point in time in the…

Q: You deposit $825 today in a savings account that pays 3.5% interest, compounded annually. How much…

A: Future value is the value of current value at a specified interest rate for given period. The…

Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

A: Ordinary Annuity is way of payment where payment happens at the end of each period.

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: When a principal amount grows with interest over a time period, it is known as the future value.…

Q: John contributes $5,000 per month into an account. How much will he have in the account after 25…

A: In the given question we require to calculate the future value of account after 25 years is john…

Q: Assume you deposit $5700 at the end of each year into an account paying 11.25 percent interest.…

A: Given: Deposit = $5,700 Interest rate = 11.25% Future value= ?

Q: You deposit $5000 each year into an account earning 6.8% interest. How much will you have in the…

A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A: given  PMT = 4000 n= 20 years i=8% FV = ?

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: You deposit $27,000.00 in an account that pays 4% compounded annually and immediately start making…

A: Given:

Q: You deposit $350 each month into an account earning 3% interest compounded monthly. a) How much will…

A: Given, Deposit amount (C) = $350 each month Timer period (n) = 35 years*12 = 420 interest rate (i) =…

Q: You deposit $10,000 in an account that pays 5.85% per year, compounded continuously. Find the future…

A: Annual deposit (A) = $10000 Interest rate (r) = 5.85% n = 6 years

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: Future value (FV) refers to a means of estimating how much an asset or cash's present value (PV)…

Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…

A: Annuity payments: It refers to the fixed payment made in series or equal time intervals. Example:…

Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

A: Annual deposit (P) = $ 3000 Annual interest rate(R) = 2% Period (N) = 35 Years

Q: You deposit $6000 in an account earnings 7% interest compounded monthly. How much you will you have…

A: future value formula: future value = present value×1+RMM×N where, R=rate M=frequency

Q: You deposit $3000 each year into an account earning 8% interest compounded annually. How much will…

A: Future value of annuity is used to calculate the value of streams of cash flows in future at a given…

Q: Suppose you want to have $800,000.00 for retirement in 30 years. You plan to make regular monthly…

A: Monthly deposit It is the minimum value a person will deposit in an account every month. It is the…

Q: You deposit $200 each month into an account earning 8% interest compounded monthly. Round to the…

A: Answer b) Total amount put by us in account:   = Amount monthly invested * 12 * number of years =…

Q: You deposit $300 each month into an account earning 3% interest compounded monthly. a) How much will…

A: Monthly deposit (P) = $300 Interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25% Period = 15…

Q: You want to have 75000 in your savings account 12 years from now, and you’re prepared to make equal…

A: Given information: Amount at the end (Future value) 75000 Time Period (in years) 12 Interest…

Q: Gary has decided to save RM150 a month for 4 years. How much will be the balance in the account if…

A: In compound interest money grow with time as there is interest on the interest.

Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…

A: Present value is $3,000. This amount earns interest at 3% interest rate that compounds monthly.…

Q: Assume that you keep RM5,555 in the savings account at Affin Bank with an interest of 15 percent per…

A: Saved amount = RM 5,555 Annual interest rate = 15% Period = 5 Years

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: You deposit $5000 each year into an account earning 3% interest compounded annually how much will…

A: Amount we will have is future value of yearly payments  future value is calculated using fv function…

Q: You

A: An annuity refers to a series of payments made at regular interval of time.

Q: You deposit $6000 in an account earning 6% interest compounded monthly. How much will you have in…

A: Computation as follows: