Find the present amount needed to attain a future amount of F dollars in the given time using an annual simple interest rate of r. F = $3100, r = 7%, 2 years

Q: future value.

A: Given that, The present value (PV) is $7,000. The number of compounding periods (n) is 24 (6 * 4).…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given       Future value (A) = $7000.00      Rate (R)= 13.5 % Time in years (t) =0.75   (9 months/12…

Q: $13,000 is invested for 2 months at an annual simple interest rate of 6%. a) You will earn $ in…

A: The given question is solved below.

Q: $12,000 is invested for 3 years at an annual simple interest rate of 15%. (a) How much interest…

A: (a) Consider the formula for the simple interest is, SI=PRT Then, SI=12000151003=$5400 Thus, the…

Q: An investment makes payments of $575 at the start of each year for 100 years. The rate or return of…

A: Given: Principal amount, P=$575 Number of years, t=100 Rate of interest, r=3.7% Number of times…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

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Q: A company has borrowed $500,000. The loan is to be repaid in quarterly payments over 20 years.…

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Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Given: It is given that the interest is compounded. and therefore the formula should be used here is…

Q: account

A: We will find the balance in the account after 9 years.

Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10.000 at the…

A: We have to find the future value of investment.

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: According to our guideline, we can only one question and rest can be reposted.

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: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Compound interest  Amount =P(1+R/100) T  Where P initiatial amount R- rate of interest T time.…

Q: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

Q: Calculate the future value. (Round your answer to two decimal places.) P = $22,000, r = 9%…

A: Given: P = $22,000,  r = 9% compounded monthly,  t = 4 years

Q: Find the future value if $11,000.00 is invested for 7 years at 6% compounded annual. The future…

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Q: Calculate the annual interest that you will receive on the described bond. A $2000 Treasury bond…

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

A: We have to solve

Q: You deposit $9000 in an account that pays 5.5% interest compounded quarterly.   A. Find the future…

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Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given : A​ =​ $9000​, r​ =12​%, t​ =3years

Q: Calculate the amount of money​ you'll have at the end of the indicated time​ period, assuming that…

A: We have to calculate the total amount .

Q: $10000 is invested for 6 years at an annual simple interest rate of 16% a)How much interest will be…

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Q: Determine the present value P that must be invested to have the future value A at simple interest…

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Q: $11,000 is invested for 6 years at an annual simple interest rate of 16%. (a) How much interest…

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Q: Eight thousand dollars has to be invested for 10 years. For each option below,…

A: P = $8,000 t = 10 years. a).

Q: Assume the interest rate is compounded annually. a. Assume the interest rate is compounded continuou…

A: Solution :-

Q: Calculate the future value. (Round your answer to two decimal places.) P = $28,000, r = 8%…

A: Given:-The present value P=$28,000              Interest  rate  r=8%=0.08              Time t=9…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A:

Q: A couple deposits 24,000 into an account earning 5 percent annual interest for 20 years. Calculate…

A: Given, P=24000   Interest  =r= 5% Time =t =20 years The investment compounded daily. n=365

Q: Find the present value for the following future amount.   ​$4000 at 4​% compounded annually for 6…

A: As we know that the expression for the compound interest is:   A=P(1+rn)nt   Where,   A=Future…

Q: Find the nominal interest rate compounding weekly that corresponds to an effective rate of 8-%. 8…

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Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

A:

Q: given the current interest rate of 6% compounded annually.find the present value of $10000 to paid…

A: Given Amount (A) = 10000 Interest rate (r) = 6 We know that A = P1+r100n , where n is the time For…

Q: Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly,…

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Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: We have to find the future value of each deposit if the account pays: a Simple interest: We can…

Q: As a senior high school student, Jose decided to start making investments. He is going to deposit…

A: Given: As a senior high school student, Jose decided to start making investments. he is going to…

Q: $10,000 is invested her sick Siri set an annual simple interest rate of 16% what is the future value…

A:

Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A:

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

A: Monthly interest rate and future value will be calculated using the formula,

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

A:

Q: Find the present value of $ 10,000 at a simple interest rate of 5 % in 12 years ? (write the answer…

A: Given: Amount A = $10,000 rate r = 5% no. of years t = 12 To find: present value P=??

Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Complete the table for a savings account in which interest is compounded continuously. Initial…

Q: Complete the table for a savings account in which interest is compounded continuously. ( Initial…

A: given initial investmentP=$ 600 amount after 10 years A=$ 1234.25 t=10 years claim- find the annual…

Q: For the compound interest loan whose terms are given below, find the future value, or the amount due…

A:

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: 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: Determine the present value P that must be invested to have the future value A at simple interest…

A: We have to find out present value

Q: Use the given information to find the amount A in the account earning compound interest after 6…

A: We will find the solution in the following step