Calculate the future value. (Round your answer to two places.) p=$28000, r=4% compounded monthly, t=8 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: Find the present amount needed to attain a future amount of F dollars in the given time using an…

A: Let present amount = I interest rate = r = 7%= 0.07  time=t= 2 years  Final amount = F = 3100

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: What is the future value of $2200 invested for nine months at 4.25% compounded semiannually? Select…

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Q: Find the future amount after 3 years of an account where $12,000 is invested at 3% compounded…

A: Find the compounded

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

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Q: Benjamin deposits $4, 100 every year into an account earning an annual interest rate of 4.4%…

A: Given that  Money deposited into an account every year=4100 Interest rate compounded annually=4.4%…

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: 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: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

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: You deposit $9000 in an account that pays 5.5% interest compounded quarterly.   A. Find the future…

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Q: Find the future value of an ordinary annuity of $90 paid quarterly for 3 years, if the interest rate…

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Q: If you invest $2,000 today in savings account at an interest rate of 12%, compounded annually for 7…

A: Given that, Principal =p=$2000 Rate of interest =r=12% time=n=7 years The formula for compound…

Q: Arnie agrees to contribute $2,300 to the road fund at the end of each year for the next 11 years.…

A: First we will find the future value of contribution of Arnie at the end of 11 years: Future value of…

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: You deposit $13,000 in an account that pays 4% interest compounded quarterly.   A. Find the future…

A: Given information Principal = $13,000 Rate of interest = 4% Time = 1 year Compounded quarterly

Q: Find (a) the future value of the given principal P and (b) the interest earned in the giv P = $3500…

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Q: a) Find the future value of an annuity when the páyment is P13,750 quarterly, the interest is 6.5%…

A: Given Quarterly payment= 13750 Interest = 6.5% Terms 6 years

Q: engineering econ question By the condition of a will, the sum of P 2,000 is left to a girl to be…

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

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Q: Calculate the future value. (Round your answer to two decimal places.) P = $28,000, r = 8%…

A: Given:-The present value P=$28,000              Interest  rate  r=8%=0.08              Time t=9…

Q: If $34,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the…

A: As per bartleby guidelines for more than one sub question asked only first three are to be answered…

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: 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: Find the amount that should be set aside today to yield the desired future amount.   Future amount…

A: Given that  Future amount needed Interest rate Compounding period Investment time…

Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% 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: FV = P(1+TR)

Q: A principal of $5000 earns 2% per year simple interest. How long will it take for the future value…

A: Let it will take t years  Simple interest formula  A=P(1+rt)   Given, P=initial amount= 5000  A=…

Q: A couple deposits $25,000 into an account earning 5 % annual interest for 20 years. Calculate the…

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

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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: what is the future value of $4000 earning 18% interest, compounded monthly, for 8 years? round your…

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Q: Find the future value of 20000 Rial in 2 years' time if the interest rate is 8% compounded quarterly…

A: We have to find correct option.

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: Lynn Ally, owner of a local Subway shop, loaned $43,000 to Pete Hall to help him open a Subway…

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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: If $17,000 is invested at 2.5% for 30 years, find the future value if the interest is compounded the…

A: Compound Interest Formula A=P1+rnnt where A is accumulated amount, P is principal amount r is rate…

Q: Use the formula for computing future value using compound interest to determine the value of an…

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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: Use the formula for computing future value using compound interest to determine the value of an…

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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: Find the future value and interest of $10,000 at 6.3% compounded annually for 20 years. A. Future…

A: This question belongs to compound interest. We have to find amount and interest.