Question: 1/1 The TVM Solver entry threadings have been provided below for some of the problems. If not required by the problem, cross it out and
1/1 The TVM Solver entry threadings have been provided below for some of the problems. If not required by the problem, cross it out and write your work in the empty space. (2 points) 1. You deposit some money into an account that earns simple interest annually at 5%. After 584 days, there is $10,287 in the account. How much money was initially invested (to the nearest cent)? N= PMT= 1%= FV= PV= P/Y=C/Y= (4 points) 2. You deposit $6,000 into an account that earns interest at a rate of 3.25% per yr, compounded weekly. (a) How much will be in the account (to the nearest cent) 7 years after your initial deposit? N= 1%= PV= PMT= FV= P/Y=C/Y= (b) What is the effective interest rate for this account, rounded to 4 decimal places? blackboard.com/bbcswebdav/pid-6727692-dt-content-rid-63877424_1/course... earned interes niver... (2 points) 1. You deposit some money into an account that earns simple interest annually at 5%. After 584 days, there is $10,287 in the account. How much money was initially invested to the nearest cent)? NE 1% PV= PMTS FV- P/Y=C/Y (4 points) 2. You deposit $6,000 into an account that earns interest at a rate of 3.25% per yr, compounded weekly (a) How much will be in the account (to the nearest cent) 7 years after your initial deposit? NE 1%= PV= PMT= FV P/Y-C/Y= (b) What is the effective interest rate for this account, rounded to 4 decimal places? (4 points) 3. You make a down payment of $8,000 toward the purchase of a new car. To pay the balance, you secure a loan charging interest at a rate of 4.34% per year, compounded monthly. Under the terms of your finance agreement, you are required to make payments of $415 per month for 60 months. To the nearest cent, what was the purchase price of your car? N= I%= PMT= FV=
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