Q: pounded quar
A: We need to find the amount of money that must be invested to accumulate P200,000 in 3 years and 3…
Q: 7. If you make end of period monthly deposits of $4,350 and can earn 6.25% compounded monthly, how…
A: Following details are given in the question : Monthly deposit (periodic payment) = $4350 Interest…
Q: w much will be in an account at the end of five years the amount deposited today is $10,000 and…
A: The given problem can be solved using FV function in excel. FV function computes future value for…
Q: Compute the present value of $199,500 that is invested for 6 years and 9 months at 2.45% compounded…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: Suppose that $80,000 is invested at 7% interest. Find the amount money in the account after 5 years…
A: The given problem can be solved using FV function in excel. FV function computes amount value in…
Q: If $600 is invested in an account earning 2.75% compounded continuously, how much would be in the…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…
A: Future value of a value is the amount which the grow from the principal amount to future amount with…
Q: You deposit $24,000.00 in an account that pays 6% compounded quarterly and immediately start making…
A: In this problem you have to find out present value FACTOR and find out quarterly deposits.
Q: A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and…
A: Individuals deposit a sum of money into savings accounts in order to earn interest and accumulate a…
Q: If you invest $7,500 in an account paying 8.35% compounded continuously, how much will be in the…
A: In the simple interest, we calculate the interest amount which we will receive after the specific…
Q: suppose that $575.75 is invested in a savings account with an APR of 12% compounded monthly. What is…
A: Future value is the worth of the current amount in some future specified date at given interest…
Q: How much should be paid monthly into an account paying 5% interest compounded monthly so that the…
A: Computation:
Q: How much will the account contain after 9 years and 3 months? How much interest will be earned?
A: Deposit amount = $600 Interest Rate = 5±70 compounded quarterly i.e 4.3 or 5.7 compounded quarterly…
Q: How much must I deposit into an account every month to have $1,500,000 in 15 years at a rate of 7%…
A: A recurring deposit is a special type of term deposit offered by banks which help people with…
Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…
A: Question is based on the concept of Time value
Q: Suppose that $1,000 is invested for 4 years at an interest rate of 12%, compounded quarterly. How…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: Supposed you deposited rm5000 in a bank account that pays 5.25%with daily compounding based on a 360…
A: Principal (PV)=5000, Interest rate (rate)=5.25%, compounding daily. time period = 8 months, Total…
Q: 1. If $10,000 is deposited into an account earning 10% interest annually, how much will be…
A: Hi student Since there are multiple questions, we will answer only first question. Interest is the…
Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…
A: Answer - Formula for Future Value - FV=PV(1+i)n, Where, PV = Present Value i= Interest Rate n =…
Q: How much must be deposited at the beginning of each year in an account that pays 7%, compounded…
A: Here, The future value is FV i.e $28,000 The rate of interest is r i.e. 7% The maturity is n i.e 10…
Q: How much money must initially be deposited in a savings account paying 5% per year, compounded…
A: Formulas:
Q: You invest $4,000 in an account that pays a fixed annual rate of 6% interest compounded yearly. How…
A: In the present question we require to calculate the future value after 7 years from the following…
Q: Finance. Suppose that $7,700 is invested at 4.7% annual interest rate, compounded monthly. How…
A:
Q: You invest $5,000 into a money market account that pays interest monthly (e.g., interest is…
A: Future Value = Present Value * (1+r)^n Where, n = no. of compounding period i.e. 3 years * 12 = 36 r…
Q: Finance. Suppose that $4,300 is invested at 3.4% annual interest rate, compounded monthly. How much…
A: Given Information Present Value = $4,300 Interest rate =3.4% compounded monthly Time Period in Part…
Q: 2. If you invest P25,000 at 8% interest compounded annually, approximately how much money will be in…
A: The future value of a cash flow is the future worth of a cash flow at a certain rate of interest and…
Q: If you invest $2,538.00 in an account earning an annual interest rate of 3.153% compounded…
A: Interest is the fee paid to investor for investing funds over a period of time. It is the…
Q: How much must be invested today at 6% compounded quarterly to have $8,000 in 5 years? Round your…
A: For the above calculation, we need to use the following formula A = P ( 1 + r / n )^nt Where A…
Q: An account earning 6.6% interest compounded continuously for 10 years would have a balance of how…
A: Future value is the future worth of a cash flow at a certain rate of interest rate and time period.…
Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…
A: A deposit is a financial phrase that refers to money that is kept in a bank. A deposit is a…
Q: If you borrow $5000 for five years and seven months at 9% compounded quarterly. How much is owed on…
A: Formula = Principal * [ 1 + Interest rate / 4 ]Number of quarters
Q: suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will…
A: Future Value(FV) is value of current amount at future date. It is computed by compounding that…
Q: What is the future value of $1,100 placed in a savings account for 4 years if the account pays 7%…
A: Following information is given in the question: Present value (Investment today) = $1100 Time period…
Q: You deposit $6000 in an account earnings 7% interest compounded monthly. How much you will you have…
A: future value formula: future value = present value×1+RMM×N where, R=rate M=frequency
Q: If $5,000 is borrowed today and $8,955 is paid back in 9 years, what interest rate compounded…
A: Here, Borrowed Amount (PV) is $5,000 Paid Back Amount (FV) is $8,955 Time Period is 9 years
Q: Finance. Suppose that $4,000 is invested at 4.6% annual interest rate, compounded monthly. How much…
A: Future value can be referred to as the value of an underlying asset or security at a future date.…
Q: What amount must be invested now in savings account earning 9% compounded quarterly to accumulate a…
A: Present Value is the current value of all the cash flows which is to be received in the future which…
Q: What was a $4400 investment worth after 6 and 3/4 years if it earned 5.4% compound monthly?
A: Future value of a present value is the value of that amount after taking into account the time value…
Q: Suppose that $30,000 is invested at 9% interest. Find the amount of money in the account after 7…
A: Future value of money is amount being deposited and amount of compounded interest accumulated over…
Q: What interest will be earned if 4,000 dollars is invested for 4 years at an annual rate of 7%…
A: The interest will be the future value of the investment less the amount invested.
Q: Finance. Suppose that $6,000 is invested at 3.8% annual interest rate, compounded monthly. How much…
A: To calculate the future value we will use the below formula Future value = PV*(1+r/m)t*m Where PV…
Q: How much money would be in an account if $6,200 is deposited at 2% interest compounded semi-annually…
A: Time value tells the amount received by an individual today is of more worth than the same amount…
Q: At the end of two years, what will be the balance in a savings account paying 6% annually if $10,000…
A: In this question we need to compute the future value after 2 years.
Q: Find the present value of P1,200 due in 3 years and 9 months if money is worth 10%, compounded…
A: Present value of annuity is the current value of the future payments that are calculated using the…
Step by step
Solved in 2 steps
- Calculating interest earned and future value of savings account. If you put 6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?6.If the current value of $1000 received five years from now is $680.50, what is the assumed annual interest rate? 7.If the current value of $1000 received in each of the next five years starting one year from now is $3889.65, what is the assumed annual interest rate? 8.$1000 is deposited in a bank earning 8% compounded annually. What will be the balance at the end of ten years? What will be the ending balance assuming money is compounded quarterly?1. How much should you deposit into an account that pays 3.6% compounded monthly if you want to have $15,000 ten years from now? Round your answer to the nearest cent. 2. An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. How much money will be in the account 5 years from now? Round your answer to the nearest cent. 3. An amount of $12,000 is deposited into an account with annual interest of 4.2% compounded monthly. In how many years will the amount grow to $18,000? Round y answer to two decimal places.
- 1. 2. 5. What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest, compounded annually? quarterly? If you deposit $10 in an account that pays 5% interest, compounded annually, how much will you have at the end of 10 years? 50 years? 100 years? Suppose you want to have $0.5 million saved by the time you reach age 30 and suppose that you are 20 years old today. If you can earn 5% on your funds, how much would you have to invest today to reach your goal.2. If you want to have $22,431 in fifteen years, how much do you need to deposit in a bank account today? Assume that the annual interest rate is 10% compounded annually. Round your answer to the nearest one dollar.How much money should be deposited today in an account that earns 5.5% compounded monthly so that it will accumulate to $12,000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.)
- If you deposit $63,679.00 at 10.16% annual interest compounded quarterly, how much money will be in the account after 19.0 years? Question 9 If you deposit $1,760.00 into an account paying 11% annual interest compounded monthly, how many years until there is $2,837.00 in the account?Find the present value of the given perpetuity. $36,500 per year at the rate of 5% yearly The present value is A bank account pays 4.4% annual interest, compounded monthly. How much must be deposited now so that the account contains exactly $19,000 at the end of four years? must be deposited now so that the account contains exactly $19,000 at the end of four years.3. You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more than $8000 if: (a) The account pays 5 percent actual (per sub-period) interest every half-year and is compounded every half- year? (b) The account pays 5 percent nominal interest, , compounded semiannually?
- At the end of two years, what will be the balance in a savings account paying 6% annually if $10,000 is deposited today? The future value of one at 6% for one period is 1.06. a. $10,000 b. $10,600 c. $11,200 d. $11,236Suppose you deposit $100,000 in an account today that pays 6% interest, compounded annually. How long does it take before the balance in your account is $500,000?For these problems round to at least five decimal places for your work. You may round your final answer to the nearest cent. If $5000 is invested in a savings account with an annual interest rate of 0.09% compounded monthly, how much will the account be worth in 17 years? Note: the interest rate is given as a percentage! If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously, how much will the account be worth in 5 years? Suppose you want to have $200 in an account after 5 If the account generates interest at a nominal rate of 9%, compounded quarterly, how much should you invest in the account now? years. What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded monthly?