Connect Seved er 5 Exercises Help 1 Exercise 5-8 (Algo) Future value; compound interest (LO5-7) Wiseman Video plans to make four annual deposits of $7,000 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. (FV of $1. PV of $1. FVA of St. PVA of $1. EVAD of 51 and PVAD of 5) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 1. The first $7,000 deposit is made on December 31, 2021, and interest is compounded annually 2. The first $7,000 deposit is made on December 31, 2020, and interest is compounded annually 3. The first $7,000 deposit is made on December 31, 2020, and interest is compounded quarterly 4. The first $7.000 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 Required 4 The first $7,000 deposit is made on December 31, 2021, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) erences Table or color function Depost Fund balance 121312024 MacBook Air i 74 14 # 3 $ 4 2 % 5 A 6 & 7 8 9 9 0 W E R T Y U O F S F G HJ Help Exercises Exercise 5-8 (Algo) Future value; compound interest (LO5-7) Wiseman Video plans to make four annual deposits of $7,000 each to a special building fund. The fund's assets will be invested in mortgage Instruments expected to pay interest at 12% on the fund's balance. (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of S1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 1. The first $7,000 deposit is made on December 31, 2021, and interest is compounded annually. 2. The first $7,000 deposit is made on December 31, 2020, and interest is compounded annually. 3. The first $7,000 deposit is made on December 31, 2020, and interest is compounded quarterly 4. The first $7,000 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year, Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 squired 2 The first $7.000 deposit is made on December 31, 2020, and interest is compounded annually. (Round your final answers to Table or calculator unction Deposit Fund balance 12131.2024 MacBook Air 30 *** F3 58 YO * 2 # 3 % 5 6 & 7 8 9 0 W E R T Y U O F S D F G H J L Saved ercises Help Exercise 5-8 (Algo) Future value; compound interest (LO5-7) Wiseman Video plans to make four annual deposits of $7,000 each to a special building fund. The fund's assets will be invested in mortgage Instruments expected to pay interest at 12% on the fund's balance. (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 1. The first $7,000 deposit is made on December 31, 2021, and interest is compounded annually. 2. The first $7.000 deposit is made on December 31, 2020, and interest is compounded annually. 3. The first $7.000 deposit is made on December 31 , 2020, and interest is compounded quarterly 4. The first $7,000 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 The first $7,000 deposit is made on December 31, 2020, and interest is compounded quarterly. (Round your final answers to nearest whole dollar amount.) Fund Balance 12/31/2024 $ Deposit Date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 Deposit 7.000 7.000 7,000 7,0001 MacBook Air 80 FS F7 18 39 $40 # 3 $ 4 % 5 6 & 7 8 9 0 W E R T T Y U 0 - D F G. H Here 5 Exercises Exercise 5-8 (Algo) Future value; compound interest (LO5-7) Wiseman Video plans to make four annual deposits of $7,000 each to a special building fund. The fund's assets will be invested in mortgage Instruments expected to pay interest at 12% on the fund's balance. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of S1 and PVAD of 50 (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 1. The first $7,000 deposit is made on December 31, 2021, and interest is compounded annually. 2. The first $7.000 deposit is made on December 31, 2020, and interest is compounded annually. 3. The first $7,000 deposit is made on December 31, 2020, and interest is compounded quarterly 4. The first $7.000 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 requirge + The first $7,000 deposit is made on December 31, 2020, Interest is compounded annually, and interest earned is withdrawn at the end of each year Deposit No. of Interestint in Pund Balance Amount Payments Fund 12/31/2024 $ 7,000 MacBook Air BO 54 73 Il FB 18 % 2 # 3 $ 4 6 & 7 * 8 9 0 W E R T Y U O S D F H KL
