Chanda wants to invesnt 6500 dollars in an investment account with APR 8.6% compounded 12 times per year. 1. Suppose A(t) is the amount in Chanda's investment account after t years. Then A(t) = 2. How long will it take to double the initial investment? Your answer should be given as the smallest year greater than or equal to the actual time. 3. How long will it take for the account to be 9 times the initial investment? Your answer should be given as the smallest year greater than or equal to the actual time.

Q: How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with…

A: Number of years refers to the time period for which the investment is paid. Sometimes, the period of…

Q: ABC Corporation has invested $2.5 million every 3 months in an investment which earns interest at…

A: Present value is the sum of money that must be invested to achieve a specific future goal. Future…

Q: Suppose an investment will pay $19,000 in 16 years from now. If you can earn 10.15% interest…

A: Given information: Future value of investment is $19,000 Number of years is 16, Interest rate is…

Q: If an investment of $5,000 is made in an account returning 2% p.a. then how long will it take for…

A: Using excel NPER function

Q: Your friend plans to invest $1,000 per month into an account expected to have an effective annual…

A: Here, EAR is 6.2% Monthly payment (PMT) is $1,000 Required Amount (FV) is $100,000

Q: If you invest $5,000 now, and your investment pays 12% per annum, how much will you have in three…

A: Following information is given in the question: Investment today (Present value) = $5000 Annual…

Q: Today you have $100,000 in your investment account, which will grow by 7.5% annually. If you keep…

A: Using excel NPER function

Q: Using Table 1-1 onpage 19, calculate the following:(a) The future value of lump-sum investment of…

A: Calculation of Future Value and Present Value:Excel Spreadsheet:

Q: An investment pays $2,100 per year for the first 7 years, $4,200 per year for the next 7 years, and…

A: The discount rate is 8.20% compounding quarterly. The cash flows have a periodicity of 1 year.…

Q: An investment pays 10​% interest compounded continuously. If money is invested steadily at the rate…

A: Continuous Compounding: It is the maximum limit of the compound interest if it is calculated and…

Q: Rs. 9,000 to deposit.  ABC Bank offers 12 percent per year compounded monthly, while King Bank…

A: The given problem can be solved using FV function in excel. FV function computes amount accumulated…

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: Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the…

A: Future Value = Present Value (1 + g)n

Q: Clfford has X dollars right now. In six years, X will be $3000 if it is invested at 5 percent,…

A: Given, the future value of X is $3000 Rate is 5%

Q: How much was initially invested if the value of the investment is at P200,000 after 3 and a half…

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

Q: An investment pays $2,100 per year for the first 4 years, $4,200 per year for the next 3 years, and…

A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: You invest $10,000 into a money market account that pays interest on a semi-annual basis (e.g.,…

A: We use NPER function in excel by taking present value as 10000 and future value as 20000 and…

Q: What is the value of an investment that pays $54,000 every other year forever, if the first payment…

A: In the given question we require to calculate the value of investment that  pays $54000 every year…

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

A: Future Value(FV) is value of any present amount in future period. It is computed by compounding that…

Q: How much must be deposited

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: An investment pays $1,950 per year for the first 3 years, $3,900 per year for the next 8 years, and…

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

Q: If 14700 dollars is invested at an interest rate of 9 percent per year, compounded semiannually,…

A: Using excel FV function

Q: How much was initially invested if the value of the investment is at ₱200,000 after 3 and a half…

A: Present Value: It is the present worth of the investment amount, discounted at an interest rate for…

Q: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

A: The investment value can be calculated as future value of annuity due

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: Suppose you have an investment worth $800 and you want it to increase in value by 400%. a) What is…

A: Investment amount = $ 800 Increase in value = 400%

Q: You are quoted an interest rate of 8% on an investment of $5 million. What is the value of your…

A: Interest Rate = 8% Investment = 5,000,000 Time Period = 6 years

Q: A business sets up a sinking fund so they will have a $46,000.00 to pay for a replacement piece of…

A: A Sinking fund refers to a fund that is kept aside or borrowed for the purpose of paying off a debt…

Q: Of the following five investments, which would have the lowest present value? Assume that the…

A: Assumption: Interest rate assumed is 10%.

Q: If $ 30000 is invested at 8% interest per year, compounded continuously, how much will be in the…

A:

Q: How many years will it take $145,000 to grow to $645,000 if it is invested in an account with a…

A: We use NPER function in excel to calculate time taken

Q: it is desired to save $20,000 by depositing $800 every 3 months in an investment that pays 8%…

A: Annuity means a set of finite number of payments which are the same in size and made in equal…

Q: An initial investment of 2,000 dollars increases in value by 10 % every year. At the end of every…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Suppose you plan to buy the Blacklist Company by investing Php 5,000 every year to an investment…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Suppose Kylie has an account that will grow to $382,000.00 in 16 years. It grows at 6.4% annual…

A: Given: Years = 16 future value = $382,000 Future value required = $559,000 Interest rate = 6.4%

Q: Suppose an individual makes an initial investment of $1400 in an account that earns 7.8%, compounded…

A: Future value of a cashflow is the present value of the cashflow compunded at future date at…

Q: If an investment of $5,000 is made in an account returning 2% ,then how long will it take for the…

A: Future value is the value of the current assets or some amount that is invested today and amount…

Q: An investment promises to pay $7,000 at the end of each year for the next six years and $3,000 at…

A: In the given case, an investment will pay $7,000 at the end of each year for the next six years and…

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

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

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: How much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly? What…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: A. A person wants to generate fourintallments of $1,000 in the following four years. How much money…

A: Discounting the future cashflows provides the present value.

Q: You have Rs. 9,000 to deposit. ABC Bank offers 12 percent per year compounded monthly, while King…

A: Future Value = Deposit Amount * ( 1 + Peroidic rate )Number of periods