Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. (Round your answer to the nearest cent.) 4 years, at 8% per year, compounded annually PV = $

Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. (Round your answer to the nearest cent.) 4 years, at 8% per year, compounded annually PV = $

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section: Chapter Questions

Problem 22T

See similar textbooks

Related questions

Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: Complete the table for a savings account in which interest is compounded continuously. (Round any…

A: for continuous compound, the doubling time is given by t=ln2r here t=12 years 12=ln2r r=ln212…

Q: Find the interest rate required for an investment of $3000 to grow to $4000 in 6 years if the…

A: Given: investment : A=$4000Principal: P=$3000, t=6 Use formula for compounded continuously, which…

Q: compounded quarterly.

Q: What interest will be earned if $6400 is invested for 4 years at 11% compounded monthly? (Round your…

Q: For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000.…

Q: Find the effective annual interest rate r of the given nominal annual interest rate. Round your…

A: Formula of effective annual interest rate is 1+inn-1 i=Nominal annual interest rate n=12 in case of…

Q: Find the present value that will generate the future value of $1,000 at 6% compounded yearly for 7…

Q: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

A: Future value = $1000 Time = y years Rate = 3% componded anually Using compound interest formula…

Q: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

Q: Use the compound interest formula for compounding more than once a year to determine the accumulated…

Q: What interest will be earned if $6100 is invested for 7 years at 13% compounded monthly? (Round your…

Q: Find the present value that will generate the future value of $2,000 at 7% compounded yearly for 8…

Q: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

A: Consider the provided information, The nominal interest rate is of 1% compounded monthly. Since, the…

Q: Keep In Mind Find the compound interest on ? 8000 for 1 year at 6% p.a. (a) compounded annually (b)…

A: Since you have asked multiple question As per our policy, we will solve the first question for you.…

Q: $20,000 is invested at an annual interest rate of 12%, compounded semi-annually. What is the balance…

Q: Find the interest rate needed for an investment of $8,000 to triple in 15 years if interest is…

A: To find the interest rate needed for an investment of $8000 to triple in 15 years if interest is…

Q: Find the interest rate needed for an investment of $5,000 to triple in 13 years if interest is…

Q: Suppose that you have opened a saving account with an initial deposit of $8,000. The account offers…

Q: Cynthia's investment of $81,200.00 in a fund matured to $160,353.29 in 7 years. If the interest in…

Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data Investment P=1000 interest rate r=3.5% =0.035 Compounded daily=n=365 Value of the…

Q: Use the compound interest formula to determine how long it will take for a sum of money to double if…

A: Formula for compound interest:

Q: Find the effective annual interest rate r ( as a percent) of the given nominal annual interest rate.…

A: Given: Nominal annual interest rate (i): = 7% = 0.07 and compounded monthly (n) = 12 here find the…

Q: Suppose that Tom invests $10,000 in an account that offers r% annual interest, compounded quarterly.…

Q: years

A: Compounded quarterly, i.e. 4 times every year, Investment = $1400 Rate = 3.75% = 0.0375…

Q: If 19300 dollars is invested at an interest rate of 7 percent per year, find the value of the…

Q: Find the amount that results from each investment. $300 invested at 12% compounded monthly after a…

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

A: A=P1+rnnt P is the amount invested. r is the rate. t is the time A is the amount after t years.

Q: Find the effective annual interest rate r of the given nominal annual interest rate. round your…

Q: a.) What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to…

Q: If you invest $15,000 at 10% interest compounded continuously, what is the average amount in your…

A: This question is about continuous compounding

Q: Calculate the amount of INTEREST earned in an account with initial investment of $25,000 in 10 years…

Q: Find the interest rate needed for an investment of $7,000 to quadruple in 7 years if interest is…

Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

Q: What present value P amounts to $270,000 if it is invested at 8%, compounded semiannually, for 12…

A: Determine the present value of an investment that amounts to $270,000 in 12 years if compounded…

Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount P =…

Q: If 23200 dollars is invested at an interest rate of 7 percent per year, find the value of the…

Q: 31. What rate of interest compounded annually is required to double an investment in 3 years? How

A: Suppose A be the amount, P be the principal, r be the rate of interest and t be the time for n times…

Q: Use the compound interest formula A=P(1+ r/n)nt to approximate the final value of $3300 at 3%…

Q: What present value P amounts to 290,000 if it is invested at 6% compounded semiannually for 12…

Q: Find the interest rate needed for an investment of $3,000 to triple in 11 years if interest is…

A: To find the interest rate we use compound interest formula A=p1+rnnt where p is the amount invested…

Q: How much should be deposited in an account payıng 5% interest in order to have a balance of $12,000…

Q: t what nominal interest rate compounded quarterly will a certain amount of noney be equal to 1.5…

A: Please refer to the image below

Q: Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

Q: Find the effecctive annual interest rate r of the given nominal annual interest rate. Round your…

Q: Calculate the present value. (Round your answer to two decimal places.) A = $30,000, r = 6%…

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

A: To calculate the present value of the investment Given that Time period, T = 13 years Interest…

Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

Question

Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. (Round your answer to the nearest cent.)

4 years, at 8% per year, compounded annually

PV = $

Expert Solution