You will deposit 11,678 at 10% compound interest for 9 years, and then move the amount you would receive to an investment account at 14 % simple interest for another 3 years. How much money would you have at the end of the entire period?
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Please use simple interest formula
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- You want to buy a $32,000 car. You can finance the car for 1.5% interest for 6 years. What is your monthly payment? Assume monthly compounding. Do not enter the negative sign from your calculator (if there is one) or the dollar sign. Round to two decimal places.To have a total of $10,000 after 8 years, what principal do you have to deposit in a 4.5 percent saving account compounded monthly?An investment of $2658 is made at the beginning of each month for 4 years and 11 months. How much will the investment be at the end of the term, if interest is 5% compounded monthly? Round your answer to 2 decimal places.
- Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.9. Accumulate $ 300 for nine years at 6% compounded quarterly. What is the compound interest earned?Jane deposits $5,000 in a bank account that earns 6% interest compounded semi-annually. How much money will she have after 10 years?
- How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity if the interest rate is 12%?You can afford a $1500 per month mortgage payment. You've found a 30 year loan at 7% interest compounded monthly.a) How big of a loan can you afford?$b) How much total money will you pay the loan company?$c) How much of that money is interest?$8. How long will it take the money to triple itself if invested at 8% compounded annually?
- You want $12,000 in your IRA in 6 years. Assuming you get 8% compounded quarterly, how much will you need to put in each quarter?If you borrowed $24,000 at 12% annual interest. You agreed to repay the loan with five equal annual payments. How much of the total amount repaid is interest? How much of the third annual payment is interest, and how much principal is there? If you decided to pay off your loan after the third payment, how much will you pay?Use the formula for computing future value using compound interest to determine the value of an account at the end of 9 years if a principal amount of $2,500 is deposited in an account at an annual interest rate of 8% and the interest is compounded daily. (Assume there are 365 days in a year.) Question content area bottom Part 1 The amount after 9 years will be $enter your response here. (Round to the nearest cent as needed.)