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1.Calculate the compound amount when $4000 is deposited in an account earning 6% interest, compounded monthly, for 2 years.
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- Find the final amount of money in an account if $7,400 is deposited at 7.5% interest compounded semi-annually and the money is left for 6 years.Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6% for 5 years. How many times is compunding done in a year. What is the initial or rincipal amount. then what is the rate of interest?Calculate the compound amount when $7000 is deposited in an account earning 9% interest, compounded quarterly, for 6 years. (Round your answer to two decimal places.)
- Suppose $3500 is deposited in an account paying 4% interest compounded continuously for 5 years. Find the total amount in the account at the end of 5 years. Give your answer to the nearest hundredth (two decimal places).Total Amount: Find the total amount of interest accrued over the 5-year period. Give your answer to the nearest hundredth (two decimal places).Interest Accrued:Determine the interest earned after 10 years if $200 is invested in each of the following accounts: a. An account earning 5.4% interest compounded monthly1. Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6%. Find the accumulated amount after 5 years. 2. Assume that 1500 Php is deposited in an account in which interest is compounded annually for 5 years. Find the accumulated amount, if the interest rate is 8 ½ %. 3. Assume that 1500 Php is deposited in an account in which interest is compounded monthly at an annual rate of 6%. (a) Find the accumulated amount after 8 years. (b) How much interest was earned during the 8 years?
- a. Set up an amortization schedule for a $19,000 loan to be repaid in equal installments atthe end of each of the next 3 years. The interest rate is 8% compounded annually.b. What percentage of the payment represents interest and what percentage representsprincipal for each of the 3 years? Why do these percentages change over time?5. A deposit of $2450 is made into an account drawing 4.26% interest compounded quarterly. Find the future value 14 years after the deposit and find the amount of compound interest earned.You decide to deposit $103 monthly in a 2.98% annual interest bearing account over the next 8 years. What is the gross amount actually placed in the account?
- 5. Determine the accumulated amount to an account paying P1,500 monthly (payments are made at the beginning of each period) for 10 years if money is worth 8% compounded continuously. Also determine the present worth.An amount of money P is deposited in a savings account that pays interest at a rate of r percent per year compounded quarterly; the principal and accumulated interest are left in the account. Find a formula for the total amount in the account after n years.Find the accumulated amount of P 1000 after 5 years when deposited in a bank at a rate of 16% compounded monthly
