8. Susie is going to invest $3000 in an account earning 6%annual interest compounded quarterly. How long will it take for her investment to reach $20,0007 (round to the nearest year) (Standard 2) N PV PMT FV P/Y C/Y

Q: What will be the value of the investment after three years?

A: Future Value: It represents the future worth of the current sum amount. It is computed by the…

Q: If you invest $20,000 at an annual rate of 1% compounded continuously, calculate the final amount…

A: The question is based on the concept of Financial Management.

Q: . Your client deposits $5 million in a savings account that pays 5 percent per year compounded…

A: Following is the answer to the question

Q: terest, compounded monthly, for 2 years. Use the compound interest formula to calculate the compound…

A: In this we have to use future value formula to get future value.

Q: If you invest $5,000 three years from now, how much will be in h 15 f if 10% d d ll ? the account 15…

A: Future value: This is the amount of present value accumulated or compounded at a rate of interest…

Q: How much you have in 3 1/2 years if you invests P8,000 at 6.6 percent interest compounded monthly?

A: We need to calculate the future value of the investment with the following inputs: Present Value =…

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

A: In the given question, compounding is done on monthly basis. Therefore, effective monthly rate will…

Q: Tommy John is going to receive $1,000,000 in three years. The current market rate of interest is…

A:

Q: Horry is depositing $979.34 into an investment account at the end of every month. After 5 yeors and…

A: Deposits means the amount paid by the person in a specific account or an investment. When a person…

Q: Suppose that you deposit $200 at the end of each month into an account paying an expected annual…

A: given, monthly compounding N    =10 x 12 = 120I    =3%12PV   =0PMT =200   FV    = need to find

Q: The interest rate is 10% compounded annually. What percentage of the 2nd payment will be interests?

A: In any loan, the equated instalment repayment will include the principal and the interest.  Interest…

Q: You invest $17,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Compound Interest- It is interest which is earned on the principal amount invested and interest…

Q: Madeleine invests $14,000 at an interest rate of 7%, compounded continuously. (a) What is the…

A: Future Value: The worth of the asset in the future which is based on the assumed rate of growth is…

Q: Five years from today, you plan to invest $5,050 for 7 additional years at 7.9 percent compounded…

A: The worth of a present asset at a future date based on an estimated rate of growth is known as…

Q: invests $80,000 today at 10% per annum, compounded quarterly. What will the balance of Sam's…

A: Effective rate = 0.10/4    = 0.025 n = 5 * 4   = 20 Current amount = 80000

Q: 4. Leti Fuschia decided to invest P100,000.00 in Road Dirty Inc., for a period of 6 years. Determine…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Tommy John is going to receive $1,000,000 in three years. The current market rate of interest is…

A:

Q: Suppose an individual makes an initial investment of $1,600 in an account that earns 8.4%,…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 1. How much interest will be earned on $10,000 in 5 months if the annual simple interest rate is…

A: Answer 1: Information Provided: Present value = $10,000 Time = 5 months Interest rate = 2%

Q: a. What is the effective annual interest rate based on a 6 percent nominal annual rate and monthly…

A: Effective Annual Rate: It is the annual rate of the investment considering the effects of…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Years = 4 Terms(n) = 4 *4 = 16 quarterly deposits Rate (r) = 6%…

Q: Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of…

A: Given: Particulars Amount Payment(PMT) $600 Years 14 Interest rate 3.02%

Q: Suppose you invest $25500 for 12 years paying 2.25% annual interest. How much will you have at the…

A: The future value is the amount that will be received at the end of a certain period. The future…

Q: Your client currently has $7,600 in a 401K investment account. They contribute $200 a month into…

A: Current Value in Account = 7600 Monthly Contribution = 200 Monthly Compounding, Annual Return = 5.3%…

Q: You plan to make a trip that costs you approximately ¢ 4,000,000.00, for this you deposit today in…

A: So required investment will be accumulated in 8 years

Q: You invest $50,000 for three years that will earn 3.6 percent compounded continuously. What will be…

A: Given Information: Amount invested=$50,000 Interest Rate=3.6% compounded continuously Time(in…

Q: Susan Bertrees can invest $12,000 at 2% interest compounded twice a year or compounded quarterly. If…

A: The difference between the interest can be computed by calculating the difference in future value of…

Q: Larry invested $12,000 at an interest rate of 10.18% for 4 years. If the amortization schedule needs…

A: Amortization table is a schedule which shows periodic lease or loan payments. The periodic payment…

Q: a) How much should you invest at 12% interest today if you want to receive TK. 10,000 at the cnd of…

A: Hi, there, Thanks for posting the question. As per our Q&A honor code, we must answer the first…

Q: . A sum of $145,000 is invested now and left for 8 years, at which time the principal is withdrawn.…

A: As there is more compounding more is effective interest rate and more is for monthly compounding.…

Q: |If you need S10,000 in 7 years and you can earn 6% on your investment, How much do you have to…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: At the end of t years, the future value of an investment of $13,000 in an account that pays 9% APR…

A: Computation of number of years is as follows:S=130001+0.091212×twhere, s=3900039000=130001.007512×t…

Q: Gary King will deposit $27500 into an account today that earns 13% per year compounded annually.…

A: Given information: Principle amount = $27,500 Rate of interest = 13% Period = 5 years

Q: Mr. Bee will deposit $1,500 every year, earning interest rate of 9% compounded annually, the first…

A: Annual deposit (P) = $ 1500 Annual interest rate (r) = 9% Number of annual deposits (n) = 10

Q: Assume that you can invest to earn a stated annual rate of return of 12 percent, but where interest…

A: When a certain amount is deposited at a certain interest with compounding, the accumulated amount is…

Q: investment

A: Formula to calculate compound interest is: A = P(1+r/n)^nt where A is the final amount, P is the…

Q: 8. If you make a single investment of $300,000 and add end of period monthly deposits of $3,350 and…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Mr. Bee will deposit $1,000 every year, earning interest rate of 7% compounded annually, the first…

A: Compound interest is the additional payment on a loan or deposit that is computed using both the…

Q: 2. Suppose the interest on a $10,000 debt is 8% compounding quarterly. You plan on making 10 equal…

A: P= $10,000 r= 8% compounding quarterly= 0.08/4= 0.02 n= 10 years= 40 periods   Calculate the annual…

Q: Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A:

Q: The amount of $10,000 is invested and will be worth $21,000 in nine years. What in the continuoushy…

A: Continuous Compounded Interest rate is the interest rate that is calculated on the principal amount…

Q: Use the compound interest formula to calculate the compound amount (in $) for your investment.

A: Future Value: It is the future worth of the investment amount or a sum of money compounded at a…

Q: If $10,000 is invested in a certain business at the start of the​ year, the investor will receive…

A: Basic Details: 1. Amount Invested = $10000 2. Annual Cash Flow = $3000 3. Term = 4 Years 4. Interest…

Q: 5. Austin has contributed $500 to an RRSP every 4 months for the last 20 years. During this time,…

A: FUTURE VALUE OF ANNUITY (fva) FORMULA: fva=A×1+rmm×n-1rm where, A=annuity r=rate m=frequency…

Q: If you invest $2,000 per year for 9 years and earn a 5% return on your investment during that…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 2. If you wish to accumulate R200,000 in 7 years' time by depositing R1,850 per month in an account…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Mary made an initial investment of $41,290. The investment grows at 3% per year compounded…

A: Initial investment (PV) = $41,290 Interest rate = 3% Quarterly interest rate (i) = 3%/4 = 0.75%…

Q: Mr Cruz invest 50,000 now and yields P14,025.50 at the end of 5th year, P34,363.72 at the end of the…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: 4. Leti Fuschia decided to invest P100,000,00 in Road Dirty Inc., for a period of 6 years. Determine…

A: Deposit amount = P 100,000.00 Period = 6 Years

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.