Find the annual interest rate ?needed for the given principal to reach the given future value under simpleinterest for the time period specified. Round your answer to the nearest hundredth of a percent.?=$29,000, ?=$30,000, ?=2years

Q: Find the future value (in dollars) of the investment. (Round your answer to the nearest cent.)…

A: When interest is compounded then amount after given time is given as: A=P1+rnnt where, A is future…

Q: Find the future value of an annuity due of $700 paid at the beginning of each 6-month period for 10…

A: Formula: FV=P×1-1+r-nr where FV=Future value of an ordinary annuity P=Value of each payment…

Q: Find the value of a $1,000 certificate in 2 1/2 years if the interest rate is 4% compounded monthly.…

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Q: Consider the following future value. (Round your answers to the nearest cent.) $3,752 at 11 7/8%…

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Q: Find the vale of the annuity and the interest. $150 at the end of every 6 months? 6.5 % Compounded…

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Q: Find the future value of the following annuity due. Then determine how much of this value is from…

A: We can use this formula to compute the future value of annuity due, Future value of Annuity due =…

Q: Find the future value of the investment. (Round your answer to the nearest cent.) $150 deposited at…

A: Compound interest is given:

Q: Find the present value of the given future amount. Assume 360 days in a year. $102,565 for 224 days…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=102565 t=224 days…

Q: A contract requires lease payments of $800 at the beginning of every month for 6 years. a. What is…

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Q: Find the present value of the given future amount. Assume 360 days in a year. $165,934 for 220 days…

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Q: Find the future value of the ordinary annuity. Interest is compounded annually R= $9000; i=0.06;…

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Q: Calculate the amount in an account at the end of one year if the account starts with the principal…

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Q: ealculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.)…

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Q: Find the future value of the investment. (Round your answer to the nearest cent.) $5,000 for 4 years…

A: The principal amount, P = $5000 Simple interest rate, r = 4.25% = 0.0425 Time, t =4 years To…

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: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

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Q: Find the present value of the given future amount. $61,000 for 23 months at 9% simple interest What…

A: For Cash Flow at period 1=C1, rate of return = r and number of periods = n, the Present Value…

Q: An account has an annual compound interest rate of 4% a year. How much should be deposited to have…

A: Annual Compound Interest Rate is 4% per year t=30 years Amount after 30 years is 200,000 $

Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: We have to find the amount of payment he want

Q: Find the future value of an ordinary annuity if payments are made in the amount Rand interest is…

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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: periodic deposit.

A: Given: Rate=4.5% and time financial Goal is 5. To determine: The periodic deposit using the…

Q: Find the annual interest rate ?needed for the given principal to reach the given future value under…

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Q: Find the future value of the ordinary annuity. Interest is compounded annually. R=$9000; i=0.06; n=…

A: We have to find future value of the ordinary annuity.

Q: Find the future value of an ordinary annuity if payments are made in the amount R and interest is…

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

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Q: Time Principal Rate Compounded Amount Interest 7 years $4,500 8 % Quarterly

A: Given that  Time (t) = 7 years Principal (P) = $4500 Rate (r) = 8% = 0.08 The amount is compounded…

Q: Find the future value of the ordinary annuity. Interest is compounded annually. R= 25,000; i= 0.025;…

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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: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Introduction: Suppose P is a principal and r% is the rate of simple interest for t years. Then, the…

Q: Find the payment that should be used for the annuity due whose future value is given. Assume that…

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Q: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Given Information -  Present value (PV) = $150 Rate of interest (R) = 634% = 274% Time period (T) =…

Q: Find the requested value and tell what the other numbers represent. (a) Find r: 500 = 1,000(r)(8)…

A: In this question we have to find the given value.

Q: A man is disabled in an accident and wants to receive an insurance payment that will provide him…

A: Given query is to find the amount accumulated.

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: Find the future value of the investment. (Round your answer to the nearest cent.) $200 deposited at…

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Q: Find the future value for the ordinary annuity with the given payment and interest rate.…

A: Note - It is assumed that $1,800 is 'monthly' payment and 1.90 % is 'monthly' interest rate. Formula…

Q: Find the Future Value of the annuity. Round your answer to the nearest cent. Do not intermediate…

A: Solution

Q: Find the future value (in dollars) of the investment. (Round your answer to the nearest cent.)…

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

A: Given , years if a principal amount of ​$19,000 is deposited in an account at an annual interest…

Q: Complete the following using compound future value. (Use the Table provided.) (Round your answers to…

A: Given information Principal amount P=$16,500 Interest rate r=4% ⇒r=4100=0.04 And time t=10 years Use…

Q: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.…

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Q: Use the compound interest formula to find the future value A for the following values. P = $1,000 i…

A: Solution is done in step 2

Q: Teal and Associates needs to borrow $45,000. The best loan they can find is one at 13% that must be…

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Q: Find the future value of an ordinary annuity of $1,000 paid at the end of each year for 5 years, if…

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Q: The price of a new car is $12,000. Assume that an individual makes a down payment of 25% toward the…

A: Given: The price of new car = $12000 Down payment = 25%

Q: Meadow Company wants to invest its net profits of $123,000 for 6 years in either a credit union or a…

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