Alicia's investment manager offers her an interest rate of 8.0% compounded monthly on her investments. If the manager changes his mind and offers her a rate of 8.0% compounded annually how much more would she have to deposit at the end of each year in order to accumulate $445,000 in 20 years? Round to the nearest cent
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- Adrian's investment manager offers her an interest rate of 7.0% compounded monthly on her investments. If the manager changes his mind and offers her a rate of 7.0% compounded annually how much more would she have to deposit at the end of each year in order to accumulate $424,000 in 25 years? Round to the nearest centJordan's investment manager offers her an interest rate of 8.0% compounded monthly on her investments. If the manager changes his mind and offers her a rate of 8.0% compounded annually how much more would she have to deposit at the end of each year in order to accumulate $426,000 in 25 years? Round to the nearest centCrystal's investment manager offers him an interest rate of 7.0% compounded monthly on his investments. If the manager changes his mind and offers him a rate of 7.0% compounded annually how much more would he have to deposit at the end of each year in order to accumulate $419,000 in 30 years? Round to the nearest cent
- Gregory's investment manager offers her an interest rate of 9.00% compounded monthly on her investments. How much more money would she have to deposit at the end of every month for her fund to accumulate to $599,000.00 in 12 years if the interest rate was 9.00% compounded annually?Karen wants to have $22,559 in her investment account in 5 years. If her bank offers an annual compound interest rate of 1.2% with monthly compounding, how much should she deposit today? Round your answer to the nearest dollar.An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per year (payable at the end of each year). He leaves the money and all accrued interest in the account for 7 years. How much will he have at the end of the 7 years? What is the future value in SEVEN years if you receive $300 in two years and $500 at the end of five years? Assume an annual compound rate of 8.5%. What is the value of $2000after one year, if bank compounding half yearly and offered rate is 10%? What is the value of $2000 after one year if bank compounding quarterly and offered rate is 10%? What is the value of $2000after one year if bank compounding monthly and offered rate is 10%?
- Karen wants to have $22,011 in her investment account in 6 years. If her bank offers an annual compound interest rate of 2% with monthly compounding, how much should she deposit today?Cheryl is setting up a payout annuity with her bank. She wants to receive a payout of $1200 per month for 20 years. A. How much will she have to deposit if she earns 8% interest compounde monthly? B. What's the total she will receive from her payout annuity?Sue wants to leave her grandson a nice inheritance. She has decided to deposit $350.00 each month into an ordinary annuity that earns 4.1% compounded monthly. How much will be in the account after 19 years? Round your final answer to the nearest cent. Assume the interest rate stays the same while the account is open. Future Value What is the sum of all of Sue's deposits? Round your final answer to the nearest cent. Total Deposited How much interest, in total, did her account earn? Round your final answer to the nearest cent. Interest
- Harry Taylor plans to pay an ordinary annuity of $6,000 annually for ten years so he can take a year's sabbatical to study for a master's degree in business. The annual rate of interest is 2.9%. How much will Harry have at the end of three years? How much interest will he earn on the investment after three years? At the end of three years Harry will have $ (Round to the nearest cent as needed.) He will earn S interest on the investment after three years. (Round to the nearest cent as needed.)Harry Taylor plans to pay an ordinary annuity of $4,900 annually for ten years so he can take a year's sabbatical to study for a master's degree in business. The annual rate of interest is 3.5%. How much will Harry have at the end of three years? How much interest will he earn on the investment after three years?Gustav desires to deposit with a Trust Company a sum just sufficient to provide his family with an annuity of $600 per month for twenty-four years. How much he deposit if the Trust Company agrees to accumulate interest at the rate of 6% payable monthly? show solution