Calculate the future value. (Round your answer to two decimal places.) P = $28,000, r = 8% compounded monthly, t = 9 years

Q: future value.

A: Given that, The present value (PV) is $7,000. The number of compounding periods (n) is 24 (6 * 4).…

Q: What are the future value and the interest earned if $4000 is invested for 4 years at 8% compounded…

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Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given future value A=$9000. Interest value r=14%=0.14. Time t=612=12=0.5 years. The objective is to…

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

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Q: Determine the present value P that must be invested to have the future value A at simple interest…

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Q: What is the future value of an account if $10,000 is invested at a rate of 3% compounded monthly for…

A: P=initial amount= 10,000 r=interest rate=3%=0.03 n=number of times compounded in a year= 12 t=number…

Q: Christian is saving money and plans on making monthly contributions into an account earning an…

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Q: If $39,500 is invested at 6.3% for 30 years, find the future value if the interest is compounded the…

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Q: Calculate the future value. (Round your answer to two decimal places.) P = $4600, r = 12%…

A: Given, P = $4600,  r = 12% compounded semiannually,  t = 10 years  We know that formula for  future…

Q: Find the future value of a $20, 000 annual income stream if it is invested immediately as it is…

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Q: Determine the present value P that must be invested to have the future value A at simple interest…

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Q: A CD is bought for $2100 and held 6 years until maturity. What is the future value of the CD at the…

A: To find future value we have formula

Q: If $9,000 is invested at 6% per year compounded monthly, the future value S at any time t (in…

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Q: Calculate the future value. (Round your answer to two decimal places.) P = $22,000, r = 9%…

A: Given: P = $22,000,  r = 9% compounded monthly,  t = 4 years

Q: If the present value of an item is P and we experience an inflation rate of r for t years, what will…

A: solving the problem by finding the value of the future value.

Q: How to calculate this? What is the future value of $1966 that you have today, in 14 years, assuming…

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Q: Find the future value of the given amount. Round the result to the nearest cent. $1200 at 5%,…

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Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given : A​ =​ $9000​, r​ =12​%, t​ =3years

Q: 20. Lightening Computers, worth $480 million, is expected to grow at 10% per year compounded…

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Q: Find how much money needs to be deposited now into an account to obtain $2,600 (Future Value) in 12…

A: The future value of an amount can be calculate using the formula, FV=PV(1+r)n where FV is the future…

Q: Calculate the future value. (Round your answer to two decimal places.) P = $9000, r = 6.5%…

A: Given that, The present value (PV) is $9,000. The number of compounding periods (n) is 24 (6 * 4).…

Q: Angela deposits $1500 into an account with an APR of 4.3% for 8 years. Find the future value of the…

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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: given that the investment =$10,000 compounded monthly for 7 years at 0.1% per month. we need to find…

Q: A principal earns 9% per year simple interest. How long will it take for the future value to double?…

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Q: monthly, so that it will grow to $100000 for their son's college tuition in 15 years? (Round your…

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Q: 0.09 ) 12t At the end of t years, the future value of an investment of $37,500 in an account that…

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Q: Calculate the future value. (Round your answer to two decimal places.) P = $4400, r = 10%…

A: Here, P=4400r=10%=0.01t=12n=2

Q: Determine the present value P that must be invested to have the future value A at simple interest…

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Q: A principal earns 7% per year simple interest. How long will it take for the future value to…

A: given that rate interest per year = 7% let the initial amount be $x by quadrupling, it will become,…

Q: A couple deposits $24,000$⁢24,000 into an account earning 3%3% annual interest for 3030 years.…

A: Given: Principal amount, P=24000 Rate of interest, r=3% Number of years, t=30 years The objective is…

Q: 9. Find the future value if $3,300 is invested for 4 years at an annual rate of 7% compounded…

A: The future value on the principle,P at rate r for t years such that n is the compounding rate is…

Q: 3.What is the future value of $4000 earning 18% interest, compounded monthly, for 6 years? (Round…

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Q: Find the future value, using the future value formula and a calculator for $855 at 4.3%. Round your…

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Q: A house is rented for $7,400 per quarter, with each quarter's rent payable in advance. If money is…

A: Rent per quarter is $7400. So rent for 1 year without any interest will be 4×7400 = $29600. Now we…

Q: You currently have $5,400 (Present Value) in an account that has an interest rate of 3% per year…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Given Information -  Present value (PV) = $150 Rate of interest (R) = 634% = 274% Time period (T) =…

Q: Kim deposited 20 000 pesos at 4. 75% for 4 years and 3 months. Determine the future value of the…

A: (a) Use the formula for the compound interest to determine the future value for the deposit…

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: the future value FV of an investment of $10,000 at the stated interest rate at 0.3% per month,…

Q: Find the future value and interest of $8000 at 3 1/2% compounded monthly for 10 years. A. Future…

A: Given present value(PV) is $8000. Interest is 312% annual rate compounded monthly. time n=10…

Q: A couple deposits $15,000 into an account earning 5% annual interest for 20 years. Calculate the…

A: Principal amount =$15,000 Annual rate of interest= 5 % = 0.05 Time of investment = 20 years This…

Q: Find the future value, A, of a savings account after 15 years starting with a principle of $1000 and…

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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: We have to calculate the future value for the given data

Q: Determine the present value P that must be invested to have the future value A at simple interest…

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Q: If $8,000 is invested at 6% per year compounded monthly, the future value S at any time t (in…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

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Q: 25. CORPORATE SAVINGS Dayton Tires has $180,000 to invest for I year. Find the future value if it…

A: a. Given : Rate of interest = 2% =2100 Principal = $ 180000 Time = 1 year Hence,  A=P(1+rn)nt =…

Q: A retiree is paid $1500 per month by an annuity. If the income is invested in an account that earns…

A: Give data- Payment per period (PMT) = $1500 Rate (r) = 6% Time (t) = 10 years we have to find the…

Q: Calculate the future value. (Round your answer to two places.) p=$28000, r=4% compounded monthly,…

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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

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