Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find how much money needs to be deposited now into an account to obtain $7,200 (Future Value) in 10 years if the interest rate is

Find how much money needs to be deposited now into an account to obtain $7,200 (Future Value) in 10 years if the interest rate is 4.5% per year compounded continuously. Round your answer to 2 decimal places

You deposit $5000 in an account earning 4% interest compoundedcontinuously. How much will you have in the account in 15 years?

You deposit $200 in an account earning 8% interest compounded annually. How much will you have in the account in 20 years?

Find the final amount of money in an account if$ 3,800is deposited at 5.5% interest compounded weekly and the money is left for7 years. Round answer to 2 decimal places

You deposit $4700 in an account earning 6.9% interest compounded monthly. How much will you have in the account in 11 years?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mergers Acquisition And Other Restructuring Activities

Authors: Donald M. Depamphilis

6th Edition

123854857, 978-0123854858

More Books

Students also viewed these Finance questions

Question

a sin(2x) x Let f(x)=2x+1 In(be)

Answered: 1 week ago

Question

What are the symptoms of most panic attacks?

Answered: 1 week ago

Question

Why is Joes case different from most panic attacks?

Answered: 1 week ago

Question

In the case of Joe, what event precipitated his panic attack?

Answered: 1 week ago