An enterprising student invests $1,000 at an annual interest rate that will grow the original investment to $2,000 in 4 years. In 4 more years, the amount will grow to $4,000, and this pattern of doubling every 4 years repeats over a total time span of 36 years. How much money will the student gain in 36 years? What is the magical annual interest rate the student is earning?

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A: Amortized Loan:  Amortized loan is a type of loan in which the borrower would pay periodic payments…

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A: Present Value = $26,000  Future Value = $161,000  Rate (r) = 9.25%

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

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A: Requirement = 40,000 per year for 4 years Initial Investment = 50,000 Interest = 7%

Q: could you go step by step on how to solve?

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Anenterprising student invests 1,000 at an annual interest rate that will grow the original…

A: Initial investment (X) = 1000 The investment doubles every 4 years. Let the interest rate = r

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A: Find the present value of the annuity for retirement funds at t=25. (PV Function) The above amount…

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A: Amount left can be calculated using the formula of the future value.

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A: given, A=$1000 r=3.25% m=12

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A: The calculation is: Note: Concept utilized: 2.71828182 is a numerical constant value.

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A: Given information: Future value needed is $28,000 Number of years is 9 Interest rate is 8%…

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A: Present value of the fees for each of the 2 kids is calculated.Kid 1 (elder kid enters collect after…

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A: Future value = Present value * eRate of interest * Time Where e = 2.71828

Q: An ambitious saver plans to deposit $1,000 in a bank account starting 1 quarter from now and wants…

A: Future value : Future value is the value of a current asset at a future date based on a projected…

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A: Present Value = $4,000 Interest Rate = 5% Future Value = $50,000 Time Period to achieve

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A:

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A: Annuity means number of payments which are equal in size and made at equal interval of time. Person…

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A: Req-(a)   Amount Borrowed 20000000.00 Present value of an annuity of $1 at 12% for 10 periods…

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A: We will use the concept of time value of money here. As per the concept of time value of money the…

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A: Present Value, Future Value and/or Excel can be used for finding the values of the above said…

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A: When the interest is computed on the principal amount along with all the previously accumulated…

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A: Future value is calculated by multiplying the present value with the 1+r factor for the given rate…

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A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…

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