Solved Suppose you wish to have $2,500 in your savings

Suppose you wish to have $2,500 in your savings account in one year and interest rates were 4%. What would be the amount you need to deposit in your savings account today? $2,324 $2,404 $2,455 $2,549 Your solution’s ready to go!

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Solved Suppose You Wish To Have $2,500 In Your Savings

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Question 2 1 pts Suppose you wish to have $2,500 in your savings account in one year and interest rates were 4%. What would be the amount you need to deposit in your savings …

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It will take you 5 years. Step-by-step explanation: We have to find how long must someone invest 2, 500 ina s im pl e in t eres tt oe a r n 500 at at a 4% annual interest rate. Formula for the …

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Question 1181745: Suppose you have $2500 in your savings account at the end of a certain period of time. You invested $1700 at 6.75% simple annual interest rate. How long in years …

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Suppose you wish to have $2,500 in your savings account in one year and interest rates were 4%. What would be the amount you need to deposit in your savings account today? $2,455 $2,404 …

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Oct 31, 2023 · Suppose you have $2500 in your savings account at the end of a certain period of time. You invested $1900 at a 6.28% simple annual interest rate. How long, in years, was your …

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Sep 23, 2024 · Answer of - Suppose you wish to have $2,500 in your savings account in one year and interest rates were 4%. What would be the amou | SolutionInn

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Solved Suppose You Have $2500 In Your Savings Account At The

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Suppose you have $2500 in your savings account at the end of a certain period of time. You invested $1900 at a 6.28% simple annual interest rate. How long, in years, was your money …

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To start, you'd multiply your principal by your annual interest rate, or $10,000 × 0.05 = $500. Then, you'd multiply this value by the number of years on the loan, or $500 × 5 = $2,500. Now …

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Answer to Suppose you have $2500 in your savings account at the end of a... Log in Join. Suppose you have $2500 in your savings account at the end of a... Answered step-by-step ...

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Solved Suppose That You Deposit $2,500 In A Savings Account

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Question: Suppose that you deposit $2,500 in a savings account today. The account pays an interest rate of 2.75%. The annual inflation rate is 1.75%. If you leave the funds in the account …

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You Have 2500 To Deposit Into A Savings Account. The 5 Banks In …

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May 23, 2022 · You have $2,500 to deposit into a savings account. The five banks in your area offer the following rates. In which bank should you deposit your savings? - Bank C: 3.70% …

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Solved Suppose You Deposit $2,500.00 Into Your Savings - Chegg

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Suppose you deposit $2,500.00 into your savings account that pays you 5.00% interest. After one year, you will have $ in your account (round your answer to two decimal places). Part 2 (1 …

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FAQs about Solved Suppose you wish to have $2,500 in your savings Coupon?

How can I save more money with $25,000 in savings?

With $25,000 in savings, you should consider saving more. Set up a savings account on savencrypt.com and add a target goal you would like to reach. Be consistent about it. Furthermore, you can decide to have the savings account automatically transfer a portion of your income into the account each month. ...

How much money should I put in a savings account?

Showing the work with the formula r = n ( (A/P) 1/nt - 1) Your Answer: R = 3.813% per year So you'd need to put $30,000 into a savings account that pays a rate of 3.813% per year and compounds interest daily in order to get the same return as the investment account. ...

How do I calculate a savings account?

To calculate for a savings account where you make deposits and withdrawls, use Investment Account Calculator. The balance in your account that you are starting with, if any. If none, enter 0. How much will you be depositing on a regular basis? How often will you be making deposits into your savings account? ...

How do I calculate the future value of a savings account?

Calculate the future value of a savings account. Calculating on the initial balance and periodic deposits you can find how much your saving wil be worth at some time in the future. ...