Your grandmother deposited $100 in a savings account for you 25 years ago. The money has been earning an annual rate of 12% interest, compounded quarterly. How much money is now in the account?

Q: Jack opened an account 15 years ago and deposited $12,000 into it. The account now has $20,000 in…

A: Compound interest formula: A=P×1+rnnt where, A = final amountP = initial principal balancer =…

Q: A young man saved his money every quarter for 5 years into his bank account. He deposits P2.000 per…

A: Quarterly deposit first 2 years = P 2000 Quarterly deposit next 3 years = P 4000 Annual interest…

Q: You have just deposited $5,000 into an account that promises to pay you an annual interest rate of…

A: Amount of deposit=$5000Interest rate=5.3%Number of years=10

Q: A man deposited $10,000 in a savings account when his son was born. The nominal interest rate was 8%…

A: The future value t is the estimated value of the deposit on a future date with an estimated interest…

Q: 1. Jeremy makes six consecutive annual deposits of P2,000 each to a savings account that pays a…

A: Annual Deposit = 2000 Discount Rate = 10% Semi Annual Compounding N = Number of deposits = 6

Q: Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money…

A: Solution: Calculating interest rate using future value and present value.

Q: . Your grandmother has established a trust fund that pays you $3,500 each year for 15 years. upon…

A: Given: CF=$3500t=15 yearsr=7% i.e 0.07

Q: An individual makes six annual deposits in a savings account starting one year from now that pays…

A: Let the annual deposits be "x". We know that FV of annuity = P*[(1+r)^n - 1]/r = x * [1.10^6 -…

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

A: Let us take that $1 deposited today for 40 years in a savings account that pays 6% interest,…

Q: Emile has deposited $100 at the start of each month to a savings fund for the last 3 ½ years. If the…

A: Monthly deposit = $ 100 Period = 3.50 Years = 3.5*12 = 42 Months Interest rate = 8% Quarterly…

Q: Starting at age 25, you deposit $2,000 a year into an IRA account. Treat the yearly deposits into…

A:

Q: You deposited $15,000 in a savings account five years ago. The account has earned 5.25% interest…

A: Deposit amount (P) = $ 15000 Interest rate (r) = 5.25% Period (t) = 5 Years Mathematics constant (e)…

Q: A professor invested some money for college expenses for his grandson. He invested $10,000 into an…

A: Required :Determine the amount in the account after 18 years.

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: Peter makes a deposit at the end of every three months into a savings account that earns interest at…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Eric invested his savings in a bank at 3.75% compounded monthly. How much money did he invest to…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…

A: A deposit annually  is rewarded by an interest  annually that make a huge amount at the end of…

Q: my Jolly deposited $2 000 in a savings account.  The annual rate is 10 per cent   compounded…

A: The future value of money includes the money deposited and interest accumulated over the period of…

Q: Harold starts saving in order to fund his children's education. He decides to deposit $120 each…

A: The value of an asset at a future date is called future value.

Q: What is the interest on interest if interest is compounded

A: Calculate the compound interest amount as follows:- Total amount after 3 years =P x (1+R/100)n…

Q: Susan Myer had invested $2500 in an ABC bank Certificate of Deposit when she inherited trust funds…

A: Calculation of Compound Interest Rate per monthly   Formula  r = n[(A/P)1/nt-1] Where r = Annual…

Q: Julie deposited some money in a savings account this morning. Her money will earn 5 percent…

A: Computation:

Q: Steve invests $1,800 in an account that earns 3.7% annual interest, compounded continuously. What is…

A: Present Value = $1,800 Interest rate = 3.7% Time Period = 10 Years

Q: Yolanda deposited $1,600 at the end of each six months for 2 years in a savings account. If the…

A: Future value (FV) refers to the sum value of current assets of the company which is evaluated at a…

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: Twelve years ago, you deposited RM3,400 into an account. Seven years ago, you added an additional…

A: FV = PV* (1 + r / n)nt Where, PV = Present value FV = Future value r = Rate of interest (percentage…

Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 10 years…

A: given, pv = $4500 fv = $5600 n =10 years m =4 (quarterly compounding)

Q: John deposits $1500 into a savings account earning simple interest at 2.19% annually. How much will…

A: Calculation of actual amount in account in future: Answer: John will have $1,582.13 in his account…

Q: Suppose that you save for retirement by contributing the same amount each month from your 23 rd…

A: Monthly saving (pmt) = $100Rate of Return (rate) = 7.5% or 0.075Type of Compounding = MonthlyNumber…

Q: Your grandma invested some money 64 years ago into an account earning 1.82% per year, compounded…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: An individual makes five annual deposits of $2,000 in a savings account that pays interest at a rate…

A: Interest is the amount which is calculated on the amount of borrowings or finance. The amount of…

Q: Five and a half years ago an individual invested $10000 in a retirement fund that grew at the rate…

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

Q: A man deposits 43,799 each year into his savings account that pays 2% nominal interest compounded…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: You have begun a 401k at work, contributing $1,000 at the end of each year. How much is your account…

A: The worth of an account in the future can be calculated using the FV function in Excel.

Q: You have just deposited $12,000 into an account that promises to pay you an annual interest rate of…

A: Calculate the future value at the end of the year 8 as follows: Future value = Present…

Q: Heidi deposits $8,000 in a savings account that earns 4.5% interest, compounded quarterly. How much…

A: This question is from time value of money. It is the concept that money you have now is worth more…

Q: You deposit money into a  savings account which offers a rate of 5.75% compounded weekly. five years…

A: we have to calculate weekly interest rate and than calculate present value.

Q: Your great-uncle Claude is 82 years old. Over the years, he has accumulated savings of $80,000. He…

A: Given information: Present value $80,000 Number of years is 10 Interest rate is 10%

Q: Priya saved for buying a home by making deposits of $1000 at the end of each year for 10 consecutive…

A: FV is the amount of investment value after a certain period

Q: a) Liliana makes the following deposits into her savings account. $7,400 in 2 years, $4,800 in 3…

A: " Hi, Thanks for the Question. Since you posted multiple question, we will answer the first question…

Q: Steven just deposited $10,000 in a bank account that has a 12 percent nominal interest rate, and…

A: Just deposit amount = $ 10,000 Deposit after 12 months = $ 10,000 Deposit after 24 months = $ 20,000…

Q: You have decided to put $130 in a savings account at the end of each month. The savings account…

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

Q: A young man saved his money every quarter for 5 years into his bank a 2 years and P4,000 per quarter…

A: In this we have to calculate the quarterly interest and from that we can get the required value.

Q: Your grandmother has been putting $4,000 into a savings account on every birthday since your first…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: At the start of every year Jane puts $100 into an investment that gets 5% interest at the end of the…

A: According to the requirement, question (b) is solved.

Q: 35 years

A: SOLUTION:- General formula for future value when interest is compounded annually is FV=P(1+r)n…

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: A student has inherited $50,000. If it is placed in a savings account that earns 3% interest, how…

A: Compound Interest is calculated by multiplying the initial principal amount by one plus the annual…