Find the future value of a $20, 000 annual income stream if it is invested immediately as it is received into an account paying 12 % interest compounded continuously for 15 years. Round your answer to the nearest cent. 3305.98
Q: Use a spreadsheet or financial program on a calculator or computer. Track the future values of two…
A: (a) For compounded quarterly, P = $5000 r = 6.4% = 0.064 n = 4 FV = $7500 Formula: FV=P1+rnnt By…
Q: future value.
A: Given that, The present value (PV) is $7,000. The number of compounding periods (n) is 24 (6 * 4).…
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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
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Q: What is the future value if $9000 is invested for 9 years at 10% compounded semiannually? (Round…
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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…
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Q: What is the future value of an account if $10,000 is invested at a rate of 3% compounded monthly for…
A: P=initial amount= 10,000 r=interest rate=3%=0.03 n=number of times compounded in a year= 12 t=number…
Q: London deposits $770 every month into an account earning an annual interest rate of 6.3% compounded…
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Q: Find the future amount after 3 years of an account where $12,000 is invested at 3% compounded…
A: Find the compounded
Q: Angela deposits $3500$3500 into an account with an APR of 2.7% for 12 years. Find the future value…
A: F. V. =P(1+r/n) nt
Q: If $39,500 is invested at 6.3% for 30 years, find the future value if the interest is compounded the…
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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: Given information Present value PV=$10,000 Rate of interest r=0.1% per month ⇒r=0.1100=0.001. Time…
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: We have to find the future value FV of an investment of $10,000 at the stated interest rate after…
Q: What is the future value if $8400 is invested for 13 years at 8% compounded semiannually? (Round…
A: Given that Invested amount (P)= $8400 Time = 13 years Interest rate = 8% = 0.08 Annual compounds…
Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…
A: Given Present value, P=$1000 time in years ,t=8 years The number of compounding period per year ,…
Q: If you invest $2,000 today in savings account at an interest rate of 12%, compounded annually for 7…
A: Given that, Principal =p=$2000 Rate of interest =r=12% time=n=7 years The formula for compound…
Q: Find how much money needs to be deposited now into an account to obtain $2,600 (Future Value) in 12…
A: The future value of an amount can be calculate using the formula, FV=PV(1+r)n where FV is the future…
Q: Find (a) the future value of the given principal P and (b) the interest earned in the giv P = $3500…
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Q: Find the future value of a $20, 000 annual income stream if it is invested immediately as it is…
A: Hee, use the formula: FV=erM∫0MS(t) e-rt dt
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: given that the investment =$10,000 compounded monthly for 7 years at 0.1% per month. we need to find…
Q: A principal earns 9% per year simple interest. How long will it take for the future value to double?…
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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: Calculate the future value. (Round your answer to two decimal places.) P = $4400, r = 10%…
A: Here, P=4400r=10%=0.01t=12n=2
Q: What is the future value if $8400 is invested for 14 years at 7% compounded semiannually? (Round…
A: Given that $8400 is invested for 14 years at 7% compounded semiannually. Thus, we have Present value…
Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…
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Q: Consider the following investment. (Round your answers to the nearest cent.) $2,000 at 7%…
A: The objective is to find and interpret the future value of $2,000 at 7% compounded annually for 12…
Q: If $35,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Find the future value, using the future value formula and a calculator for $855 at 4.3%. Round your…
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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
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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: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…
A: Given that, Future value,FV=$1000 time in year(t)=5 yars rate of…
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: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: the future value FV of an investment of $10,000 at the stated interest rate at 0.3% per month,…
Q: Find the future value of a $20, 000 annual income stream'if it is invested immediately as it is…
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Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…
A: Given that: FV= Future value =$1000 r = annual interest rate = 5.2% per year=0.052 t = number of…
Q: Consider the following investment. (Round your answers to the nearest cent.) $4,000 at 6%…
A: The present value of invested amount is PV=$4000 at a rate of interest r=6% compounded annually for…
Q: A couple deposits $15,000 into an account earning 5% annual interest for 20 years. Calculate the…
A: Principal amount =$15,000 Annual rate of interest= 5 % = 0.05 Time of investment = 20 years This…
Q: Find the Future Value if you invest $835 at 3 1/2 % compounded semiannually for 6 years.
A: From the given data Principal value(PV)=$ 835 Interest =r= 7/2 %= 3.5%=0.035 Compounded semi…
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
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Q: What is the future value if $8500 is invested for 11 years at 12% compounded semiannually? (Round…
A: Given Principal Amount = P = $8500 Time = t = 11 years Interest rate = 12% compounded semiannually.
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: The future value of the investment of $10,000 is $10618.05
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: We have to calculate the future value for the given data
Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…
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Q: A retiree is paid $1500 per month by an annuity. If the income is invested in an account that earns…
A: Give data- Payment per period (PMT) = $1500 Rate (r) = 6% Time (t) = 10 years we have to find the…
Q: Calculate the future value. (Round your answer to two places.) p=$28000, r=4% compounded monthly,…
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Q: Find the future value if $6000 is invested for 10 years at 7% compounded annually. (Round your…
A: The invested amount is $6000 for 10 years at 7% compounded annually.
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
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- To get the best loan rates available, the Riches want to save enough money to place 20% down on a $160,000 home. They plan to make monthly deposits of $125 in an investment account that offers 8.5% annual interest compounded semiannually. Will the Riches have enough for a 20% down payment after five years of saving? How much money will they have saved?An investor deposits $70 on the first day of each month in an account that pays 2 interest, compounded monthly. What is the balance at the end of 4 years?