Question 18 Jacob opened a money-market account. In the first month, he made an initial deposit of \( \$ 500 \). Starting in the second month, he plans to contribute \( \$ 75 \) a month. The account does not pay any interest. After how many months will he have a total of \( \$ 1,475 \) ? 12 months 13 months 14 months

a. The future value of \( \$ 590 \) six years from now at 5 percent. b. The future value of \( \$ 1,000 \) saved each year for 10 years at 7 percent. c. The amount a person would have to deposit today (present value) at an interest rate of 9 percent to have \( \$ 600 \) five years from nov d. The amount a person would have to deposit today to be able to take out \( \$ 900 \) a year for 9 years from an account earning 7 percent.

Si un valor inicial es \( 100 \) y el factor de crecimiento es \( 1.05 \), ¿cuál será el valor después de 3 períodos?

Determine the number of months to complete paying for the balance.

₹ 6.050 is borrowed at \( 6.5 \% \) rate of indereat p.a. Find the inderest and the amount to be paid at the end of 3 years.

Boitumelo invests an amount of R28 000 for a period of 7 years. For the first two years the interest was \( 12 \% \) p.a. compounded semi-annually. The interest was then changed to \( 10 \% \) p.a. compounded quarterly. Determine the value of the investment after the 7 -year period.