4. Compound Periodic Future Value

Vincent made a $2,000 deposit into an account on August 1 that yields 2% interest compounded annually. How much money will be in that account at the end of 5 years?

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CCSS.HSF-LE.A.1C

On December 31, Juan Carlos made a $7,000 deposit in an account that pays 2.975% interest compounded semi-annually. How much will be in that account at the end of two years?

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CCSS.HSF-LE.A.1C

Colleen is 15 years from retiring. She opens an account at the Savings Bank. She plans to deposit $10,000 each year into the account, which pays 2.7% interest, compounded annually. How much interest would be earned?

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CCSS.HSF.BF.A.2

Sylvia wants to go on a cruise around the world in 5 years. If she puts $50 into an account each week that pays 2.25% interest compounded weekly, how much will she have at the end of the five year period?

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CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Liam was born on October 1, 2009. His grandparents put $20,000 into an account that yielded 3% interest compounded quarterly. When Liam turns 18, his grandparents will give him the money for a college education. How much will Liam get on his 18^th birthday?

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CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Anton opened an account at Bradley Bank by depositing $1,250 every month for the next two years. The account pays 2.325% interest compounded monthly. How much will he have in the account at the end of the two-year period?

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CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Katie opened a savings account with $7,500. She decided to deposit the same amount semiannually for 10 years. This account earns 3.975% interest compounded semiannually. How much interest would be earned?

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CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Megan is saving for retirement. If she puts $250 into an account each month that pays 6% interest compounded monthly, how much will she have at the end of the 40 years?

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CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2