Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started