What is the formula to calculate how much a savings accountwould be worth if...

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Accounting

What is the formula to calculate how much a savings accountwould be worth if the initial balance is $1,000 with monthlydeposits of $75 for 10 years at 4.3% annual interest compoundedmonthly? What is the formula result?
You want a savings account to grow from $1,000 to $5,000 withintwo years. Assume the bank provides a 3.2% annual interest ratecompounded monthly. What is the formula to calculate how much youmust deposit each month to meet your savings goal? What is theformula result?
A business takes out a loan for $250,000 at 4.8% interestcompounded monthly. If the business can afford to make monthlypayments of only $1,500 on the loan, what is the formula tocalculate the number of months required to repay the loancompletely? What is the formula result?
Redo your calculations from question #3 to assume that thebusiness can afford only a $1,000 payment. What is the revisedformula and resulting value?
A business takes out a 10-year loan for $250,000 at 5.3%interest compounded monthly. What is the formula to calculate themonthly payment and what is the resulting value?

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In: AccountingWhat is the formula to calculate how much a savings accountwould be worth if the...What is the formula to calculate how much a savings accountwould be worth if the initial balance is $1,000 with monthlydeposits of $75 for 10 years at 4.3% annual interest compoundedmonthly? What is the formula result?You want a savings account to grow from $1,000 to $5,000 withintwo years. Assume the bank provides a 3.2% annual interest ratecompounded monthly. What is the formula to calculate how much youmust deposit each month to meet your savings goal? What is theformula result?A business takes out a loan for $250,000 at 4.8% interestcompounded monthly. If the business can afford to make monthlypayments of only $1,500 on the loan, what is the formula tocalculate the number of months required to repay the loancompletely? What is the formula result?Redo your calculations from question #3 to assume that thebusiness can afford only a $1,000 payment. What is the revisedformula and resulting value?A business takes out a 10-year loan for $250,000 at 5.3%interest compounded monthly. What is the formula to calculate themonthly payment and what is the resulting value?