Determining the account every year
Problem:
You deposit $3,500 into an account every year for 6 years. The account pays 7% interest. How much will you have at the end of that time? Show your all work and describe in detail.
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The time value of money is an important topic in finance. It essentially postulates that $1 today is worth more than $1 received tomorrow. Let's discuss a few topics around this concept:
You start saving $100 per month in an account that pays 5% interest, compounded monthly. You make the payment at the beginning of each month and interest is applied at the end of each month.
What is their tax liability? Show your all work and describe in detail.
You have synthesized messenger RNA with bases incorporated in random sequence in the ratio 1U:5 Cs. in a protein? Synthesizing system in vitro, indicate the identities and proportions of amino acids that will be incorporated into peptides when thi
You can buy a parcel of real estate today that you estimate will bring $15,000 in 9 years. Assuming your money is worth 9%, how much would you be willing to pay for the property? Show your all work and describe in detail.
How many years will it take $2 million to grow to $5.40 million with an annual interest rate of 9 percent? Show your all work and describe in detail.
Today you deposited $5000 into a savings account paying 12% interest. How much should you have in 15 years? Show your all work and describe in detail.
Find the Present Value of $344 to be received 2 year(s) from now if the interest rate is 6% compounded Monthly. Show your all work and describe in detail.
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