The following money market account rates were available from a particular bank. Find the compound amount...
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The following money market account rates were available from a particular bank. Find the compound amount and the interest earned. $6000 at 1.08% compounded daily for one year The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. 1 $85,000; money earns 8% compounded semiannually for 1- years 2 The payment size is $ (Do not round until the final answer. Then round to the nearest cent.) Find the future value for the annuity due with the given rate. Payments of $14,000 for 12 years at 0.38% compounded monthly The future value of the annuity due is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) The following money market account rates were available from a particular bank. Find the compound amount and the interest earned. $6000 at 1.08% compounded daily for one year The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. 1 $85,000; money earns 8% compounded semiannually for 1- years 2 The payment size is $ (Do not round until the final answer. Then round to the nearest cent.) Find the future value for the annuity due with the given rate. Payments of $14,000 for 12 years at 0.38% compounded monthly The future value of the annuity due is $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
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