ashl1

5 Questions
0 Answers

0

1296

3

+20

How much must be deposited at the beginning of each year in an account that pays 8%, compounded annually, so that the account will contain $36,000 at the end

How much must be deposited at the beginning of each year in an account that pays 8%, compounded annually, so that the account will contain $36,000 at the end of 10 years? (Round your answer to the nearest cent.)

ashl1 Nov 28, 2016

0

2

2836

1

+20

If $5000 is deposited at the end of each quarter in an account that earns 6% compounded quarterly, after how many quarters will the account contain $60,000?

If $5000 is deposited at the end of each quarter in an account that earns 6% compounded quarterly, after how many quarters will the account contain $60,000? (Round your answer UP to the nearest quarter.)

ashl1 Nov 28, 2016

0

634

2

+20

What is the future value if $2600 is invested for 7 years at 8% compounded quarterly?

What is the future value if $2600 is invested for 7 years at 8% compounded quarterly?

ashl1 Nov 21, 2016

0

1347

3

+20

To buy a Treasury bill (T-bill) that matures to $10,000 in 18 months, you must pay $9770.

To buy a Treasury bill (T-bill) that matures to $10,000 in 18 months, you must pay $9770.
What rate does this earn? (Round your answer to one decimal place.) %
(b) If the bank charges a fee of $80 to buy a T-bill, what is the actual interest read more ..

ashl1 Nov 21, 2016

0

463

1

+20

interest

$5,000 is invested for 3 months at an annual simple interest rate of 12%. (a) How much interest will be earned?

ashl1 Nov 21, 2016