Question: Future value)If you deposit $2 comma 0002,000 today into an account earning an annual rate of return of 99 percent, what would your account be

Future value)If you deposit

$2 comma 0002,000

today into an account earning an annual rate of return of

99

percent, what would your account be worth in

3030

years (assuming no further deposits)? In

3535

years?

a.If you deposit $2, 000 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 30 years?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

How do I get this to balance out - June 1: Owner contributed $50,000 in cash to the business. - June 1: Owner purchased a company vehicle in the amount of $15,000. - June 3: Owner took out a small...

Q:

If you deposit $2 comma 800 2,800 today into an account earning an annual rate of return of 9 9 percent, what would your account be worth in 35 35 years(assuming no furtherdeposits)? In 40 40 years?...

Q:

Part 2 of 3 Points: 0 of 1 Save (Related to Checkpoint 5.2) (Future value) (Simple and compound interost) Wyou deposit $1,000 today into an account earning an annual rate of return of 8 percent in...

Q:

If you deposit $3,300 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 30 years (assuming no further deposits)? In 35 years? a.If you deposit...

Q:

If you deposit $2,500 today into an account earning an annual rate of return of 6 percent, what would your account be worth in 30 years (assuming no further deposits)? In 35 years? a. If you deposit...

Q:

a. If you deposit $5,000 today into an account earning an annual rate of return of 11%, in the third year how much interest would be earned? $ (Round to the nearest cent.) b. How much of the total is...

Q:

1. If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years (assuming no further deposits)? In 40 years? Q: If you...

Q:

? ?(Future value)?? If you deposit ?$3,700 today into an account earning an annual rate of return of 6 ?percent, what would your account be worth in 40 years? (assuming no further? deposits)? In 45...

Q:

)If you deposit $ today into an account earning an annual rate of return of percent, what would your account be worth in years (assuming no further deposits)? In years? Question content area bottom...

Q:

If you deposit $3,900 today into an account earning an annual rate of return of 6 percent, what would your account be worth in 20 years (assuming no further deposits)? In 25 years? a. If you deposit...

Q:

If you deposit $4,000 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 30 years (assuming no further deposits)? In 35 years? a. If you deposit...

Q:

As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. You therefore conducted a study that...

Q:

An asphalt circular channel, of diameter 75 cm, is flowing half-full at an average velocity of 3.4 m/s. Estimate (a) The volume flow rate; (b) The Froude number; and (c) The critical slope.

Q:

Using your plan from Activity 4 and your sentences from Activity 6, write a full paragraph describing the picture. Write around 100 words.

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...