$5,100 is invested at 6% compounded annually. what is the amount of the account at the end of 3 years?

Q: If $800 is invested for one year at 6% compounded quarterly, the amount of  interest earned is…

A: Principal, P = $ 800Interest rate is 6% compounded quarterlyHence, r = 6%, m = frequency of…

Q: Find the amount at the end of 5 years if Php17,535 is invested at 2.45% compounded quarterly.

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

Q: What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2…

A: we know that, A=P(1+rn)n×t now, A= amount after time + (future value) P= principal amount (initial…

Q: How much must be deposited at the beginning of each year in an account that pays 3% compounded…

A: Time value tells that amount received today is of more value than that of receiving the exact value…

Q: P20,000 was invested at simple interest, part at 11% for 2 years, and the rest at 8% for 3 years.…

A: Simple interest is when the interest is charged only on the principal amount. The formula of the…

Q: Brix invested 200,000 pesos that earns 10% per annum compounded bi-monthly. How much will it earn in…

A: In order to accumulate a higher amount in the future one time deposit or regular deposits are made…

Q: If $450 is deposited at the end of each quarter into an account paying 10% compounded quarterly, how…

A: The question is based on the concept of Annuity.

Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…

A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…

Q: Sixty monthly deposits are made into an account paying 8% nominal interest compounded monthly. If…

A: We need to use future value of ordinary annuity formula to calculate monthly payment PMT =FVn(1+r)n…

Q: $4000 is invested for a period of 5 years at a rate of 8%, compounded every 2 months. What will be…

A: Future Value The future value is the amount that will be received at the end of a certain period.…

Q: $10,000 is borrowed at 10% a year interest for five years. At the end of each year, the borrower…

A: Hence, payment made for year 1 is $3,000, year 2 is $2,400, year 3 is $1,920, year 4 is $1,536 and…

Q: If $19,000 is invested at 3% compounded monthly, what is the amount after 4 years?

A: FUTURE VALUE is the value of current cashflow at the future date compounded at the specified rate.…

Q: If $600 is invested in an account earning 2.75% compounded continuously, how much would be in the…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: How long will it take for P 1,000.00 to amount to P 1,346.00 if invested at 6 compounded quarterly?

A: Interest is the amount charged or received by investing or borrowing some amount. It can be simple…

Q: A debt of $36,000 is repaid over 10 years with payments occurring quarterly. Interest is 8%…

A: The periodic payment would occur on each quarter then, first of all, we have to calculate the…

Q: How much time does it take for a $4,900 investment to grow to $8,100 in an account compounded…

A: FV = PV* (1 + r / n)nt Where, PV = Present value FV = Future value r = Rate of interest (percentage…

Q: What is the principal invested at 4.75% compounded semiannually from which monthly withdrawals of…

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

Q: A principal of 2450 Rials is invested at rate 5.25% compounded quarterly. After how many years the…

A: Given in the Question Principal = 2450 Riyals Rate = 5.25% Compounded Quarterly

Q: $10,000 is borrowed at 10% a year interest for five years. At the end of each year, the borrower…

A: Given that the initial borrowed amount is $1000, interest rate is 10% for 5 years and at the end of…

Q: $6,000 is invested at a rate of 2% compounded continuously for the first 2 years, then at a rate of…

A: Amount to be invested (P) = $6000 Interest rate for first 2 years = 2% Interest rate for next 2…

Q: If $650 is invested at 6% compounded (A) Annually, (B) Quarterly, (C) Monthly, what is the amount…

A:

Q: How much must be deposited at the beginning of every six months in an account that pays 5%…

A: Introduction Annuity Due represents a stream of equal payments made at the beginning of each period.…

Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…

A: Question is based on the concept of Time value

Q: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…

A: Given: Present value = $19,000 Interest rate = 5% Years = 9

Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…

A: Answer -  Formula for Future Value - FV=PV(1+i)n,   Where, PV = Present Value i= Interest Rate n =…

Q: 40,000 is repaid over 9 years with payments occurrir = the size of the periodic payment? = the…

A: interest rate is compounding quarterly so we have to find effective annual interest rate.

Q: An investment has grown to $5,550 in an account compounded annually at 2.4% after 5 years. How much…

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

Q: A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.…

A: Invested amount or principal amount is P1,000 Effective Annual interest rate is 5% Principal is…

Q: Determine when, to the nearest year, $3,000 invested at 5% per year, compounded daily, will be worth…

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

Q: Find the compound amount if php 82,000 is invested at 11% compound quarterly for 3 years and 5…

A: Compound interest also called interest on interest. It is the addition of interest in the principal…

Q: $7000 is invested at 6% p.a. compound interest. Find the value of the investment after 3 years if…

A: Compounded Interest Formula : A = P (1 + r/n)nt A = final amount P = initial principal balance r =…

Q: Determine the amount if Php 40, 000 is invested for 4 years. compounded quarterly @ 6%.

A: Future value is the worth of a current sum of money after a specified time span, given a fixed…

Q: An amount of $1400 was invested for 71 months, maturing to $2177.36. What annually compounded rate…

A: Formula to calculate the rate  A = P(1+r/100)^n whereA = Future valueP = Present valuer = rate of…

Q: How 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 amount BALANCE in…

Q: You have $1,500 to invest today at 7% interest compounded annually. How much will you have…

A: this future value which is what our investment is worth if invested today at given rate  future…

Q: 5,100 invested for 9 years at 9% componded annually will accumulate to?

A: Interest is the opportunity cost calculated on the principal amount for the mentioned time period.…

Q: A nominal interest of 3% compounded continuously is given on the account. What is the accumulated…

A: In Continuous compounding, compounding is done an infinite number of times.

Q: suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will…

A: Future Value(FV) is value of current amount at future date. It is computed by compounding that…

Q: How much must be deposited at the beginning of every six months in an account that pays 4%…

A: The amount which is deposited at the beginning of each period is called as annuity due. The period…

Q: For 8 years, $52 is deposited each week into an account that earns 2.1% interest, compounded weekly…

A: This question has two parts, First - $300 compounding every week for 8 years which is  simple…

Q: A principal of $1600 is invested at 5.5% interest, compounded annually. How many years will it take…

A: Present  Value is the concept that states an amount of money today is worth more than that same…

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 5,000 shall accumulate for 10 years at 8% compounded quarterly, then what is the compound…

A: Given: Present value = 5000 Number of years = 10 The interest rate is: i'=in4=i44=0.084=0.02

Q: If $550 is deposited at the end of each quarter into an account paying 8% compounded quarterly, how…

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