01 O63 9aHow much money should be deposited today in an account that earns 5%compounded semiannually so that it will accumulate to $7000 in 2 years?(Round to the nearest penny - hundredth place. For example, $123.46)A7000 PCI+700U P CI +7009 PC1PC I+ntei0.03OO41666667OOMI6667 auI7, 73 6. 67a6.64a7/000 -CA.6 9 71O007.726r eed

We need to use the concept of time value of money to solve the question. According to the concept of…

Answered: 01 O63 9a How much money should be…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...

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Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600
Q6. You plan to deposit P100 into a savings account at the end of each month for the next 5 years.a.) At 3% compounded monthly, how much will you have accumulated at the end of 5 years?b.) How much difference would it make if the payments were made at the beginning of the monthrather than at the end? Answer: a.) F = P6,464.67, b.) F value difference = P196.63 please show clear solution, the answer has already been given. (although if its wrong please write the answer and solution anyway)
Ma1. An insurance company advertises that $2,483.76 will purchase a 8 year annuity that pays $200 semi-annually at the end of the period. What quarterly compounded rate of return does the investment earn? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Rate of return = 0.00%
9. A 6% compounded monthly has an equivalent rate of 1.2042%, how many times does it pay every year?Group of answer choices 5 2 3 4 11. How long in years will a certain sum of money to doubles its amount when deposited at a rate of 1% compounded bi-monthly?Group of answer choices 69.37 yrs 68.37 yrs 70.37 yrs 71.37 yrs
D3) You borrow $22947 to buy a car. You will have to repay this loan by making equal monthly payments for 15 years. The bank quoted an APR of 9%. How much is your monthly payment (in $ dollars)? $________.
A6) Finance If $150 is placed in an account that earns a nominal annual interest rate of 6 percent, compounded semi-annually, what will it be worth in 15 years? (a) $861.53 (b) $364.09 (c) $233.70 (d) $359.48
1. Calculate what $900 would grow to at 6% per year compounded daily for 5 years. (Use the Table 12.2.) Note: Round your final answer to the nearest cent. Amount:??? TABLE 12.2 Interest on $1 deposit compoundedâ€”daily-365-day year Year 1% 2% 3% 4% 5% 6% 7% 8% 1 1.0101 1.0202 1.0305 1.0408 1.0513 1.0618 1.0725 1.0833 2 1.0202 1.0408 1.0618 1.0833 1.1052 1.1275 1.1503 1.1735 3 1.0305 1.0618 1.0942 1.1275 1.1618 1.1972 1.2337 1.2712 4 1.0408 1.0833 1.1275 1.1735 1.2214 1.2712 1.3231 1.3771 5 1.0513 1.1052 1.1618 1.2214 1.2840 1.3498 1.4190 1.4918 6 1.0618 1.1275 1.1972 1.2712 1.3498 1.4333 1.5219 1.6160 7 1.0725 1.1503 1.2337 1.3231 1.4190 1.5219 1.6322 1.7506 8 1.0833 1.1735 1.2712 1.3771 1.4918 1.6160 1.7506 1.8963 9 1.0942 1.1972 1.3099 1.4333 1.5683 1.7159 1.8775 2.0543 10 1.1052 1.2214 1.3498 1.4918 1.6487 1.8220 2.0136 2.2253
8.P6, 200.00 debts bear interest at 8% compounded annually. It is to be repaid in annual payments of P1, 000.00 each. a. How many payments must the debtor make? (8.9) b. How much will be the final payment if it is made one year the last P1, 000.00 payments. (P906.27)
Subject: Business/Economics/Annuities Problem: A man owes ₱100,000.00 with interest at 6% payable semi-annually. What equal payments at the beginning of each 6 months for 8 years will discharge his debt? (Ans: ₱772.92). Please provide solution to the given answer.
Solve the problem. Round to the nearest cent. A=P1+rnnt P=A1+rnnt A=Pert Y=1+rnn−1 How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $4,000 in 4years?
F1. A $6300 payment due 2 1/2 years ago has not been paid. If money can earn 3.90% compounded annually, what amount paid 3 1/2 years from now would be the economic equivalent of the missed payment? (Round your answer to 2 decimal places.) Equivalent payment
13. What amount of money deposited 25 years ago at 10% interest would now provide a perpetual payment of P5,000.00 per annum? 4,900.80 4,614.80 3,997.25 14. How long in years would it take P6,000 to become P10,000 if placed in a time deposit which gives 4% compounded quarterly? 12.83 11.45 10 12

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