Find the present value that will generate the future value of $1,000 at 6% compounded yearly for 7 years. (Give your answer to the nearest cent.) P = $

Q: At age 25, to save for retirement, you decide to deposit $75 at the end of each month in an IRA that…

A: Given Data The deposit amount is P=$75. The interest rate per month is r=6.5%. The time at age of 25…

Q: future value.

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

Q: What are the future value and the interest earned if $4000 is invested for 4 years at 8% compounded…

A:

Q: A college plans to set up an endowment fund that will provide a scholarship of $4,000 at the end of…

A: Given that the scholarship a college provides at the end of every quarter year in perpetuity is…

Q: A company needs $3,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given :   P = 3300000 r = 4.3 % = 4.3/100  = 0.043  t = 15  Given compound weekly so  n = 52 t = 15…

Q: - Brad has a government bond that will be worth $10,588.13 in seven years. The bond has an interest…

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Q: If $11,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A:

Q: A recent graduate's student loans total $18,000. If these loans are at 4.2%, compounded quarterly,…

A: A recent graduate's student loans total $18,000.If these loans are 4.2%,compounded quarterly,for 8…

Q: Find the future amount after 3 years of an account where $12,000 is invested at 3% compounded…

A: Find the compounded

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: 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: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A:

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

A:

Q: Kevin deposits a fixed quarterly amount into an annuity account for his child's college fund. He…

A: Given data: The future value is FV=$80000. The time taken is t=13 years. The APR is r=3.3%.

Q: At age 30, to save for retirement, you decide to deposit $100 at the end of each month into an IRA…

A:

Q: What are the future value and the interest earned if $3600 is invested for 7 years at 8% compounded…

A: Amount invested, P=$3600 time of investment, t= 7 years rate of interest, r= 8%=0.08

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: Knowing he has cancer, Dier has created a fund to provide an annual scholarship to his children of…

A: we have given the type of ''increasing annuity'. Now, According to given information: Annual…

Q: Find the present value that will generate the future value of $2,000 at 7% compounded yearly for 8…

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Q: you deposit money into an account paying 9% annual interest compounded monthly you need the account…

A:

Q: A house is rented for $3000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given P=$3000 r=8% compounded quaterly. The objective is to find the future value of the rent for…

Q: Caitlin purchases a retirement annuity that will pay her $2,500 at the end of every six months for…

A:

Q: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…

A: Given:-A=$1,000Period (t)=5 years Interest rate (r)=5.7%=5.7100=0.057n=52Apply the fomula  Present…

Q: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

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: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

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Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

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Q: Find the present value of $30,000 due in 4 years at the interest rate of 5%/year compounded monthly?…

A: The future value of investment is A=$30,000 Number of periods is n=4×12=48 Periodic interest…

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

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

Q: If $19,000.00 is invested in an account for 30 years.. Find the value of the investment at the end…

A:

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: A recent graduate's student loans total $14,000. If these loans are at 4.8%, compounded quarterly,…

A: Given:

Q: A recent graduate's student loans total $16,000. If these loans are at 5%, compounded quarterly, for…

A: FORMULA A=final amount P=initial principal balance r=interest rate t= number of time period…

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: You borrow $10,000 from a bank for three years at an annual interest rate of 12% compounded…

A: Based on the formula of compound interest, A = P (1 + r/n)^(n*t) A = Total Sum P = Principle value r…

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

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Q: If $1200 is invested at an interest rate of 2.75% per year, compounded quarterly, find the value of…

A: Use formula to calculate

Q: A recent graduate's student loans total $14,000. If these loans are at 5%, compounded quarterly, for…

A: Given that, the loan amount is A=$14,000, interest rate is r=5%, time t=10 years and interest is…

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: Given Problem: A woman has deposited Php 60,000 in a savings account. Bank pays an interest at a…

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Q: If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: A recent graduate's student loans total $13,000. If these loans are at 5%, compounded quarterly, for…

A: The formula for present value of ordinary annuity formed by R payments with interest i for n periods…

Q: Jennifer's pension plan is an annuity with a guaranteed return of 5% per year (compounded monthly).…

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Q: What is the future value of $115,000 invested for 5 years at 8% compounded monthly? Answer the…

A: The given data is: Present value PV=$115000Time t=5 yearsRate r=8%  To find the future value.

Q: An investment company pays 4% compounded semiannually. You want to have $12,000 in the future. (A)…

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Q: Finance. A person wishes to have $27,200 cash for a new car 7 years from now. How much should be…

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Q: A house is rented for $4000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given house is rented for $4000 i.e. d=$4000 Interest rate r=3%=0.03  Number of compounding periods…

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

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Q: If 21900 dollars is invested at an interest rate of 9 percent per year, find the value of the…

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