E Click the icon to view the interest and annuity table for discrete compounding when i= 2% per year. The annual deposit amount should equal S per year. (Round to the nearest dollar.)
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- Compare the interest earned by $10,000 for three years at 7% simple interest with interest earned by the same amount for three years at 7% compounded annually. Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. The simple interest earned is $ The compound interest earned is $ (Round to the nearest dollar.) (Round to the nearest dollar.) There is a difference in the amount of interest earned because original principal. allows interest from previous years to earn additional interest, whereas only considers theA credit card company wants your business. If you accept their offer and use their card, they will deposit 1.5% of your monetary transactions into a savings account that will earn a guaranteed 6% per year. If your annual transactions total an average of $23,000, how much will you have in this savings plan after 17 years? Click the icon to view the interest and annuity table for discrete compounding when /= 6% per year. The amount you will have in this savings plan after 17 years equals $(Round to the nearest cent.)Compare the interest earned by $10,000 for three years at 9% simple interest with interest earned by the same amount for three years at 9% compounded annually. Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when i=9% per year. The simple interest earned is (Round to the nearest dollar.) (Round to the nearest dollar.) The compound interest earned is $ There is a difference in the amount of interest earned because compound interest allows interest from previous years to earn additional interest, whereas simple interest only considers the original principal.
- Determine the value of Won the right-hand side of the accompanying diagram that makes the two cash-flow diagrams equivalent when /= 9% per year. Click the icon to view the interest and annuity table for discrete compounding when = 9% per year. The equivalent amount, "W", of the cashflows provided in the diagram is $. (Round to the nearest dollar.) 0 $1,100 $1,100 1 3 2 End of Year 4 5 $1,100 Q Q G ↑ More Info N 1 2 3 4 5 6 7 8 9 10 W 4 0 End of Year Compound Amount Factor To Find F Given P F/P 1.0900 1.1881 1.2950 1.4116 1.5386 1.6771 1.8280 1.9926 2.1719 2.3674 Single Payment Discrete Compounding; i = 9% Compound Amount Factor To Find F Given A FIA 1.0000 2.0900 3.2781 4.5731 5.9847 Present Worth Factor To Find P Given F P/F 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 Print W 7.5233 9.2004 11.0285 13.0210 15.1929 6 Q Q Uniform Series Present Sinking Fund Worth Factor Factor To Find P To Find A Given A Given F P/A A/F 0.9174 1.0000 0.4785 1.7591 0.3051 0.2187…Every year you deposit $2,600 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 40th deposit? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year.A geometric gradient that increases at f= 5% per year for 15 years is shown in the accompanying diagram. The annual interest rate is 10%. What is the present equivalent value of this gradient? AClick the icon to view the diagram for geometric gradient values. Click the icon to view the interest and annuity table for discrete compounding when i= 5 % per year. Click the icon to view the interest and annuity table for discrete compounding when i= 10% per year. 4... The present equivalent value of the gradient is $ (Round to the nearest dollar.)
- Leon and Heidi decided to invest $3,000 annually for only the first seven years of their marriage. The first payment was made at age 20. If the annual interest rate is 9%, how much accumulated interest and principal will they have at age 65? Click the icon to view the interest and annuity table for discrete compounding when i=9% per year. Question content area bottom Part 1 The accumulated interest and principal will equal (Round to the nearest dollar.)Someone deposits $3,500 in their retirement account every year. If their account pays an average of 6% interest and they make 38 deposits before they retire, how much money can this person withdraw in 20 equal payments beginning one year after their last deposit?The monthly average cable TV bill in 2017 is $81.61. If cable costs are climbing at an annual rate of 7% per year, how much will the typical cable subscriber pay in 2021? Assume annual compounding. Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. The typical cable subscriber will pay $ per month in 2021 (Round to the nearest cent.) C
- At age 20, a person deposits $355 in a saving account paying 1% interest compounded semiannually. How much money will be in the account 70 years later,when he is 90 years old?. Would his savings tripled in that time?.Find the uniform annual amount that is equivalent to a uniform gradient series in which the first year's payment is $500, the second year's payment is $600, the third year's payment is $700, and so on, and there are a total of 20 payments. The annual interest rate is 8%. Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year. The uniform annual amount is $ (Round to the nearest cent.)You plan to deposit $300 at the end of every year for 12 years starting at the end of year 1. Then after leaving the money in the account for several years, you plan to withdraw everything 15 years from today. How much is available to withdraw at the end of year 15 if the account pays 8% interest annually?