Please calculate the initial amount needed to have $10,000 after 8 years at 6% compounded quarterly with the present value interest factor chart.
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Please calculate the initial amount needed to have $10,000 after 8 years at 6% compounded quarterly with the present value interest factor chart. Thank you!
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- Find the present values of these annuities due. What is the present value of $8,000 per quarter for 7 years with an annual interest rate of 4.8% (APR with quarterly compounding)?Find the future value of the given present value. Use 360 days per year for your calculation.The present value of $3684 at 11% for 240 days.Classify the financial problem. Assume a 9% interest rate compounded annually. Deposit $200 at the end of each year. What is the total in the account in 10 years? A. sinking fundB.present value C.amortizationD. ordinary annuityE. future value Answer the question. (Round your answer to the nearest cent.)
- Compute the amount of money to be set aside today to ensure a future value of 4,100 in one year if the interest rate is 5.5% annually, compounded annuallyFind the future value if $7000 is invested for 6 years at 11% compounded annually. (Round your answer to the nearest cent.) $ Need Help? DETAILS MY NOTES What is the future value if $8200 is invested for 15 years at 10% compounded semiannually? (Round your answer to the nearest cent.) Need Help? Read It ASK WCompute the amount of money to be set aside today to ensure a future value of $3,600 in one year if the interest rate is 10.5% annually, compounded annually. The amount of money to be set aside is (Round to the nearest cent as needed.)
- What is the present value of a 15 year annuity with the first payment of $65,000 (all payments are the same amount) in one year from now. Assume a discount rate of 5% and annual compounding.Find the present value of the following annuities: 100 starting at time 8 and increasing by 100 annually for 13 years (until time 20) if the effective rate is 8%Need help with finance homework. 2. For the next 7 years, you expect to receive equal payments at the beginning of each year. Today, you receive the first payment. The present value of these payments is $7,000. If the appropriate discount rate is 6.5%, what is the annual payment amount?
- Assume you borrow $2000 now at 7% per year for 10 years and must repay the loan in equal yearly payments. Determine the symbols involved and their values.Find the present values of these annuities due.a. What is the present value of $4,000 per month for one year with an annual interest rate of 4.8% (APR with monthly compounding)? b.Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $3,000 per month for 15 years, if the account earns 7% per year PV = $ Need Help? Read I Watch It