Previous ProblemProblem ListNext ProblemSuppose you invest $11,695.00 into an account earning an interest rate of2.767% compounded continuously for 1 year(s) and thereafter earning aninterest rate of 3.227% compounded weekly. How much money is in the accountafter 11 years?The amount in the account is $Preview My Answers Submit AnswersYou have attempted this problem 0 times

Step 1: Given Value for Calculation Present Value = pv = $11,695Compound for Year 1 =…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question Help ▼ You plan to deposit $800 in a bank account now and $500 at the end of the year. If the account earns 3% interest per year, what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $ (Round to the nearest dollar.) Enter your answer in the answer box.
A Click Submit to complete this assessment. Question 34 You deposit $ 6,957 in an account that pays 1 % simple interest. How much do you have after 12 years? If needed, round your answer to zero decimal places. A Click Submit to complete this assessment.
View Policies Current Attempt in Progress Write a formula for the quantity described. The balance in an interest-bearing bank account, if the balance triples in 20 years. Let Bo be the initial balance and t be the number of years. NOTE: Round your answer to three decimal places. B = IT || eTextbook and Media 2 Q Search fg PRE hp fg 10 S >11 H mehp
How much would you need to deposit in an account each month in order to have $20,000 in the account in 9 years? Assume the account earns 6% interest. Submit Question .com/course/showcalendar.php?cid=179278 Q Search
• Question 6 You deposit $500 each month into an account earning 3% interest compounded monthly. Round to the nearest cent as needed. a) How much will you have in the account in 25 years? $4 b) How much total money will you put into the account? $4 C) How much total interest will you earn? Question Help: DVideo 1 D Video 2 I Calculator Submit Question H O O I Pn
Assignment - 11. Quiz: Savings Accounts ASSIGNMENTS COURSES SECTION 1 OF 1 QUESTION 2 OF 8 Attempt 1 of 1 1 4 7 8 <. Charlie invests $500 in a savings account with an annual interest rate of 12%. How much simple interest will he collect in 4 years? O 48 O 120 240 O 420 NEXT QUESTION O ASK FOR HELP TURN IT IN Type here to search
A Question 11 You deposit $5000 each year into your retirement account, starting in one year. If these funds earn an average of 5% per year over the 27 years until your retirement, what will be the value of your retirement account upon retirement? Your Answer: Answer Hide hint for Question 11 NOTICE THAT THE ONLINE FINANCIAL CALCULATOR HAS THE BUTTON FOR PAYMENTS MADE AT THE END OF THE PERIOD. THIS IS THE DEFAULT OF THE CALCULATOR, AND THE WORDS 'STARTING IN ONE YEAR' ARE JUST CONFIRMATION THAT YOU WANT THAT END OF THE PERIOD BUTTON SELECTED.
Question a Suppose you deposit $1,117.00 into an account today that earns 12.00%. It will take _ _ years for the account to be worth $2,819.00. Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line
eBook Reaching a Financial Goal You need to accumulate $10,000. To do so, you plan to make deposits of $1,350 per year - with the first payment being made a year from today - into a bank account that pays 12% annual interest. Your last deposit will be less than $1,350 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Do not round intermediate calculations. Round your answer up to the nearest whole number. year(s) How large will the last deposit be? Do not round intermediate calculations. Round your answer to the nearest cent. $
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 7. Your goal is to have $15,000 in your bank account by the end of eight years. If the interest rate remains constant at 3% and you want to make annual identical deposits, what amount will you have to deposit into your account at the end of each year to reach your goal? O $2,024.22 O $1,855.54 O $1,349.48 O $1,686.85 If your deposits were made at the beginning of each year rather than an at the end, what is the amount your deposit would change by if you still wanted to reach your financial goal by the end of eight years? O $49.13 O $36.85 O $66.33 O $61.41
Picture Tools Format O Tell me what you want to do... Exercise 8. Continuous Compounding. Use the formula for continuous compounding to compute the balance in the following accounts after 20 years: A $10,000 deposit in an account with an APR of 3.5% 4 A = P xe(APR*Y) Exercise 9. Savings Plan Formula. Assume monthly deposits and monthly compounding in the following saving plans: Find the savings plan balance after 12 months with an APR of 3% and monthly payments of $150. (nY) 1+ APR - 1 A = PMT x APR
* 00 Problem Set 1: Finance Score: 19.8/50 8/20 answered Question 10 You deposit $3000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 20 years? no. Question Help: D Video 1 D Video 2 Submit Question MacBook Air 08 F3 DD F1 F2 F4 & i 1 # 2$ 2 4. 5. R A H

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