$15,000 is deposited for 7 years in an account earning 3% interest. (Round your answers to two decimal places.) (a) Calculate the future value of the investment if interest is compounded semiannually. $ (b) Calculate the future value if interest is compounded quarterly. $ (c) How much greater is the future value of the investment when the interest is compounded quarterly?

Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $14000 is invested…

A: Given information: Present value amount is $14,000 Number of years is 5 years Interest rate is 10%

Q: suppose that $47,700 is invested in certificate of deposit for 3 years at 6.2% annual interest to be…

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Q: w much will be in an account at the end of five years the amount deposited today is $10,000 and…

A: The given problem can be solved using FV function in excel. FV function computes  future value for…

Q: You place $4000 into an account paying 8% compounded annually. Inflation is 2.5% during each of the…

A: The real rate of return is the actual rate of return after taking inflation into account. The…

Q: A business person invests $3,108 at 3% compounded semiannually for two years. What is the future…

A: Future value of an investment is the value of present amount in future

Q: a) $15,000 is invested in an account at time 0. At the end of 4 years, an additional $15,000 is…

A: Investment at time 0 15000 investment at the end of 4 years 15000 Rate of Interest for 10 years…

Q: 18,000$ is deposited for 9 years in an account earning 5% interest. Round answers to two decimal…

A: The future value of an amount deposited in the account is the value of the amount deposited on a…

Q: To accumulate 103,404,000 at the end of 9n years, deposits of 45,007 are made at the end of each of…

A: Required:Determine the interest rate, i.

Q: An investment of $1,050 is made in an account compounded semi-annually at 6.8%. How much will the…

A: It can be calculated using FV function in excel. FV (rate, nper, pmt, [Pv], [type]) Rate The…

Q: $39,000 is deposited for 2 years in an account earning 6% interest. (Round your answers to two…

A: The present value (PV) is $39,000. The number of compounding periods (n) is 8 (2 * 4). The quarterly…

Q: Find the amount at the end of 5 years and 4 months if P8,000 is invested at 93% compounded…

A: Invested amount is P8,000 Interest rate is 93% compounded quarterly Time period is 5year and 4…

Q: Whatis the future sum of 1,900, given that it will be held in the bank for 25 years and earn 17…

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

Q: A sum of P10,000 was invested now and left for 6 years, at which this time the principal is…

A: Invested amount (P) = P 10,000 Interest rate (R) = 15.8% Period till first withdrawal (N1) = 6 Years…

Q: A business person invests $4,962 at 4% compounded semiannually for two years. What is the future…

A: Present Value (PV) = $4,962 Rate of interest = 4% per annum = 2% for 6 months Time period = 2 years…

Q: If $300,000 is deposited at a rate of 12% compounded bimonthly, determine the compounded interest…

A: Note: It has been assumed that bi-monthly means something which has occurred once in two months.…

Q: 1. If PS00,000 is deposited at rate of 11.25% compounded monthly, determine the compounded interest…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: If 2400 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: Amount invested is $2400 Time period is 10 years To Find:  4.2% compounded semiannually 4.2%…

Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate…

A: Deposit amount = 1500 Php Interest rate = 6% Period = 5 Years Compounding = Annually

Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…

A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58

Q: If $19,000 is deposited in an account earning interest compounded weekly at 5.87% for 13 years, what…

A: Effective Rate of Interest: It is the annual rate on a loan or investment considering the effects…

Q: How much money must be deposited at the end of each quarter if the objective is to accumulate…

A: Working note:

Q: A $200,000 inheritance is put in an account that earns 6% interest, compounded quarterly. If…

A: The present value of annuity would be give value of money today and how much can be withdrawn…

Q: how many years is required for $3,000 to increase by $4,000 if interest at 14% compounded quarterly

A: Investment can be defined as depositing funds in an asset to earn a profit or interest. Interest is…

Q: If $1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: Present Value (PV)= $1,420 Interest (r)= 8% compounded annually Time period (t)= 17 years   Future…

Q: $39,000 is deposited for 2 years in an account earning 6% interest. (Round your answers to two…

A: Present value (PV) is $39,000. The semi-annual rate (r) is 3% (6% / 2). The number of compounding…

Q: Calculate the compound amount when $7000 is deposited in an account earning 9% interest, compounded…

A: Given information: Present value is $7,000 Rate of interest (r) is 9%, compounded quarterly Number…

Q: 18,000$ is deposited for 9 years in an account earning 5% interest. Round answers to two decimal…

A: Future Value  The future value is the worth of any asset or any sum of money at a future date when…

Q: What is the future value of $7,200 deposited at the beginning of each year for 7 years earning 8%…

A: Calculation of Future Value:The future value is $69,383.72.Excel Spreadsheet:

Q: If the sum of P12,035 is deposited in an account earning interest at the rate of 9% compounded…

A: In this we have to use future value formula to get the future value.

Q: Suppose $1,200 is deposited into an account which has an annual percentage rate of 9.81% per year.…

A: The question is based on the concept of Financial Accounting

Q: Regular quarterly payments of $6000 are deposited into an account paying 3.19% interest, compounded…

A: Annuity means finite no. of payments which are same in size and made in equal intervals. Person gets…

Q: A person buys a piece of lot for P 100,197 down payment and 12 deferred semi-annual payments of P…

A: Down payment (DP) = 100,197 Interest rate = 0.186 Semi annual interest rate (r) = 0.186/2 = 0.093…

Q: How much interest was earned by an investment that earns at a rate of 9% compounded semiannually for…

A: The present value is that amount without which we cannot obtain the future value. The future value,…

Q: $360,000 is invested in a perpetuity at an interest rate of 5.2% per annum. a. Find the monthly…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: was invested now and left for 6 years, at which this time the principal is withdrawn. The interest…

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

Q: If $800 is deposited in a savings account at the beginning of each year for 12 years and the account…

A: The future value of an annuity due is the future worth of a cash flow series receivable /paid at the…

Q: $39,000 is deposited for 2 years in an account earning 6% interest. (Round your answers to two…

A: Therefore, the future value if interest is compounded semiannually is $43,893.84.

Q: Supposed that P2,000 is deposited each year , on a continues basis into a savings account that pays…

A: Annual deposit (P) = P2000 Interest rate = 6% Mathematics constant (e) =…

Q: . Solve for the compound interest earned if 10,000 pesos is invested for  1-1/2 years at 8%…

A: Part 1. Investment = 10,000 pesos Time period = 1-1/2 years Interest rate = 8%

Q: $1,000 is invested for 5 years in an account earning 8% annual interest, compounded semiannually.…

A: Details given are : Present value of investment = $1000 Interest rate = 8% p.a. Time period = 5…