2. Gilly Bates wants to have an account worth $2300000 after 25 years. If Gilly has...

 

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2. Gilly Bates wants to have an account worth $2300000 after 25 years. If Gilly has a month compounding account at 7.77% annual interest, what single principal deposit does he need to make to accomplish this? 3. DeeDee invests in a 6.7% annual interest investment for 12 years that is compounded quarterly Her goal is $280000 total, so what does DeeDee need to deposit at the start of the account 4. Wilson puts some principal into a savings account earning 6.66% annual interest compounded weekly for 8 years and had $17800 saved up. What was Wilson's single deposit amount 5 Zorro plans to have $250000 after 22 years in a single deposit account that is compounded bimonthly at 12.5% annual interest means how much of a single principal deposit is needed at the beginning of the investment? 6. For her future Health Spa down payment, MindySue needs $10000. She finds a compounded biweekly investment at 9.9% annual interest. If she plans on investing for 10 years, what prin cipal is needed? 7. Deputy Dawg invested some deposit money in a daily compounding account at 17% annual interest for 800 days. If there was $3450 in the account after the 800 days, how much did Dep- uty Dawg initially deposit? 8. What investment plan with an end balance of $2000 after 5 years requires the largest single deposit and by how much more Plan A: 8% annual interest compounded monthly or Plan B: 7.8% annual interest compounded weekly 2. Gilly Bates wants to have an account worth $2300000 after 25 years. If Gilly has a month compounding account at 7.77% annual interest, what single principal deposit does he need to make to accomplish this? 3. DeeDee invests in a 6.7% annual interest investment for 12 years that is compounded quarterly Her goal is $280000 total, so what does DeeDee need to deposit at the start of the account 4. Wilson puts some principal into a savings account earning 6.66% annual interest compounded weekly for 8 years and had $17800 saved up. What was Wilson's single deposit amount 5 Zorro plans to have $250000 after 22 years in a single deposit account that is compounded bimonthly at 12.5% annual interest means how much of a single principal deposit is needed at the beginning of the investment? 6. For her future Health Spa down payment, MindySue needs $10000. She finds a compounded biweekly investment at 9.9% annual interest. If she plans on investing for 10 years, what prin cipal is needed? 7. Deputy Dawg invested some deposit money in a daily compounding account at 17% annual interest for 800 days. If there was $3450 in the account after the 800 days, how much did Dep- uty Dawg initially deposit? 8. What investment plan with an end balance of $2000 after 5 years requires the largest single deposit and by how much more Plan A: 8% annual interest compounded monthly or Plan B: 7.8% annual interest compounded weekly

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To solve the given financial questions Ill provide the calculations for each scenario 1 Gilly Bates wants to have an account worth 2300000 after 25 ye... View the full answer