Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $225,500 at 8.65% compounded continuously for 8 years, 125 days.

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: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly? (Round your…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Answer: Compound intrest formula is given by  A=P(1+rn)nt Where  A- Future Value P= present value…

Q: Antione deposited $30,000 into an account that pays simple interest at a rate of 3%. Angela…

A: Simple interest formula Where p is the principal amount And ‘n’ be the number of years ‘r’…

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

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Q: If 10700 dollars is invested at an interest rate of 5 percent per year, find the value of the…

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Q: In its first 10 years a mutual fund produced an average annual return of 21.46​%. Assume that money…

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Q: Find how much money needs to be deposited now into an account to obtain $7,200 (Future Value) in 8…

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

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

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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: An initial deposit of $5,000 is made into a savings account that compounds 7.1% interest annually.…

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Q: If $4000 is borrowed at a rate of 5.75% interest per year, compounded quarterly, find the amount due…

A: Given data,  Principle amount = $4000 Rate of interest = 5.75% = 0.0575 Compounded quarterly Final…

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

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Q: The present value of a sum of money is the amount that must be invested now, at a given rate of…

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Q: How much do we earn if we invest $1000 at 10% compounded annually for 10 years?  Round to the…

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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: How much money must you invest at an interest rate of 6% compounded quarterly in order to have $2000…

A: The compound interest can be calculated by the following formula:  A= final amount = $2000 P =…

Q: A savings account is opened with a $3,000 deposit. If the account earns 6.5% interest, compounded…

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Q: Angela deposits $1500 into an account with an APR of 4.3% for 8 years. Find the future value of the…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

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Q: Mr. and Mrs. Kelly hope to send their daughter to college in eleven years. How much money should…

A: Amount in Continuously Compounded interest is:

Q: How much should a mother invest at the time her daughter is born in order to provide her with…

A: A mother invest at the time her daughter is born in order to provide her with$95,000 at age 18. The…

Q: Use the formula for present value of money to calculate the amount you need to invest now in one…

A: Given data,  Final amount (A) = $ 1,000,000 Time period (t) = 40 years Annual percentage rate(r) =…

Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 5 years…

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Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: A bank offers an investment account with an annual interest rate of  1.28%  compounded monthly.…

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Q: If $16,000$ is invested at a rate of 8.5% per year compounded monthly, find the value of the…

A: The explanation of the above question is as shown below.

Q: A loan of  $29,000  is made at  4.25%  interest, compounded annually. After how many years will…

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Q: Use the formula for present value of money to calculate the amount you need to invest now in one…

A: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual…

Q: A passbook savings account has a rate of 10%. Find the effective annual​ yield, rounded to the…

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Q: An initial deposit of $11,000 earns 4% interest, compounded monthly. How much will be in the account…

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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: If an annual interest rate is 12% and is compounded monthly, then what is the interest rate per…

A: NOTE: Refresh your page if you can't see any equations. . the annual rate is 12% and is compounded…

Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: Given Amount =$1,000,000 time 6 years rate 7.7%

Q: A company needs $8,000,000 in 5 years in order to expand their factory. How much should the company…

A: Given amount=$8000000  t=5 years  Rate=6.6%=6.6/100=0.066 Compound weekly means n=52 (weeks) in a…

Q: Find the value of $15,000 at the end of one year if it is invested in an account that has an…

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Q: Use the present value formula to determine the amount to be invested now or the present value…

A: The present value formula to determine the  amount to be invested now or the present value needed…

Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Present value formula: P= F / [1+(r/c)]ct Where P= present value       F= future value…

Q: An amount of  $21,000  is borrowed for  6  years at  7.5%  interest, compounded annually. If the…

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Q: amount of $40,000 is borrowed for 8 years at 5% interest, compounded annually. If the loan is paid…

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Q: Use the compound interest formula to determine the accumulated balance after the stated period.…

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Q: Find the future value and interest of $10,000 at 6.3% compounded annually for 20 years. A. Future…

A: This question belongs to compound interest. We have to find amount and interest.

Q: A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the…

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Q: A passbook savings account has a rate of 8 %.Find the effective annual​ yield, rounded to the…

A: Let’s assume the final amount given in the passbook is A.The given data is rate of interest 8%, time…

Q: determine the accumulated balance after the stated period.   ​$6000 invested at an APR of 7​% for 8…

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Q: recent college graduate with $19,000 in student loans decides to leave the country without making…

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Q: the yearly 2. How much will be in an account after 10 years if it is compounded 4 times per year,…

A: The principal amount is $100, compounded 4 times per year, the yearly interest rate 3%