We at Accounting Assignments Help provide Week 9 Time Value Calculator Practice Problems help with step by step explanation 24*7 from our finance experts.
Problem-1
Camila deposited $600.00 into a savings account one year ago. She has been earning 1.2% in annual simple interest. Complete the following calculations to determine how much Camila’s money is now worth.
Problem-2
Felipe’s grandparents have given him $1,500.00 to invest while he is in college to begin his retirement fund. He will earn 2.3% interest, compounded annually. What will his investment be worth at the end of four years?
Problem-3
Nicole put $2,000.00 into an account that pays 2% interest and compounds annually. She invests $2000.00 every year for five years. What will her investment be worth after five years?
Problem-4
Robert opens an account at a local bank. The account pays 2.4% interest compounded monthly. He deposits $100 every month for three years. How much is in the account after three years?
Problem-5
When Daisy turned 15, her grandparents put $10,000 into an account that yielded 4%, compounded quarterly. When Daisy turns 18, her grandparents will give her the money to use toward her college education. How much will Daisy receive on her 18th birthday?
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