Helena deposited P3,000 every beginning of 6 months for 10 years at Metro Bank at 9% compounded semi annually. After 8 years, how much is Helen's deposit?
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Q: how much is Helen's deposit
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Helena deposited P3,000 every beginning of 6 months for 10 years at Metro Bank at 9% compounded semi annually. After 8 years, how much is Helen's deposit?
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- A mother deposits P15,500 each quarter in a savings bank paying 12.5% compounded quarterly. If she desires to accumulate P175,000, a). how many full deposits must she make? b). How much will the final deposit be (if any) if it is made 3 months after the last full deposit of P15,500? c). How much will the final deposit be if it is made on the last deposit date?Kathy's bank account earns interest at a nominal annual interest rate = 5% compounded semi-anually. There is a starting balance of $2500 in the account and a deposit of $800 is made at the END of every year. How many years until the balance in her account equals $25,000?Helen deposited P3,000 every end of 3 months for 8 years at Metro Bank at 8% compounded quarterly. After 8 years, how much is Helen's deposit?
- Elizabeth Brown has $23,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank B twice a year, and Bank C quarterly. Each bank has a stated interest rate of 7 percent. What account balance would Elizabeth have at the end of the fifth year if she left all the interest paid on the deposit in each bank? (Round answers to 2 decimal places, e.g. 52.75.) Future ValueOn October 1, Lorelai made a single deposit of $12,000 into an investment account which earns interest of 8% compounded annually. Question: Rounded to the nearest whole dollar, what will be the balance in her account at the end of nine (9) years?Anya deposited $241 at the end of every month for 8 years into her bank account that earned 3.02% compounded monthly. How much interest will she have accumulated at the end of 8 years?
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- Adriana wishes to accumulate $2,000,000 in 35 years. If 35 end-of-year deposits are made into an account that pays interest at a rate of 7%compounded annually, what size deposit is required each year to meet Adriana’s stated objective?Edna deposits $2,000 in her bank account which is earning 2% in interest per year. How much will the account have in it in 10 years assuming no other deposits or withdrawals? a) $2,040.00 b) $1,640.70 c) $2,437.99 d) $2,400.00Laura wants to accumulate P150,000 in her bank account by depositing P1000 at the beginning of each month. If interest on the account is 10% compounded semi-annually, for how long does Laura have to deposit the money?a.)7.5 Yearsb.)9.8 Yearsc.)6.6 Yearsd.)8.2 Years