Find the sum of money that accumulates to ​$5111.39 at 7.7% compounded quarterly in two years, four months

Q: If $800 is invested for one year at 6% compounded quarterly, the amount of  interest earned is…

A: Principal, P = $ 800Interest rate is 6% compounded quarterlyHence, r = 6%, m = frequency of…

Q: Find the amount at the end of 5 years if Php17,535 is invested at 2.45% compounded quarterly.

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Accumulate 1,200 for 26 years and 3 months at 5 ½% compounded quarterly

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: If money is worth 12% compounded quarterly, determine the single payment at the end of the fourth…

A: Present value refers to the current value of a sum of money in the future at a specified interest…

Q: I have invested $11,000 at 6.4% interest, compound semi-annually (twice per year). I have $ in the…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: What is the amount of P12,800 in 4 years at 5% compounded quarterly? Answer:

A: Compound interest is calculated by below formula A=P(1+r/n)^nt Where A= Final Amount P= Initial…

Q: Accumulate ₱42,000 at 13% compounded quarterly for 5 years and 3 months.

A: Compound interest is that form of interest under which interest is charged on principal and interest…

Q: Find the compound interest and the amount if 25,000 pesos is invested for 2 years at 6% compounded…

A:

Q: 1.Calculate the compound amount when $4000 is deposited in an account earning 6% interest,…

A: The Future Value of the annuity is the Future worth of a cash flow series at a certain rate of…

Q: The rate of earnings is 10% and the cash to be received in three years is $10,000. Determine the…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: 3. P10 000 deposited every quarter for 12 years at 6% per year compounded quarterly. *

A: Quarterly deposit (D) = P 10,000 Period = 12 Years Number of quarterly deposits (n) = 12*4 = 48…

Q: Solve the following problem. 1. Compute for the compound amount and compound interest on 1, 250, 000…

A: We need to use compound interest formula given below to calculate compound amount and compound…

Q: Find the compound amount and interest on 5,500 at 4% compounded semi-annually for 8 years and 8…

A: Compound amount is calculated using the formula of future value . Future value = Present value *( 1+…

Q: 3. A man bought an equipment costing P60,000 payable in 12 quarterly payments each installment…

A: The periodic worth concept determines the monthly, quarterly, or other periodical values of the cash…

Q: final amount of money in the account if $1200 is deposited at

A: Compounding quarterly can be considered as the interest amount which is earned quarterly on an…

Q: A principal of 2450 Rials is invested at rate 5.25% compounded quarterly. After how many years the…

A: Given in the Question Principal = 2450 Riyals Rate = 5.25% Compounded Quarterly

Q: Find the amount invested in a saving account so that the balance at 7% interest compounded annually…

A: The amount invested today can be computed with the help of present value function.

Q: Every end of three months, payment of Php 1,300 is made for 5 years, which is deferred for 2 years.…

A:

Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: Find the amount due if Php 32,000 is invested for at 7% compounded quarterly for 3 years​

A: The future value is the value of an amount after taking into account the time value of money and…

Q: 4. Determine the present value on July 7 of Php 6 800 paid at the end of each subsequent calendar…

A: Quarterly payment (Q) = Php 6800 n = 7 years = 28 quarters r = 6% per annum = 1.5% per quarter

Q: An investment of $1831.00 earned interest semi-annually. If the balance after 5.5 years was…

A: Using excel RATE function

Q: Complete the table by determining the balance A for P dollars invested at rate r for t years and…

A: Time value of money: Time value of money refers to the concept that the value of money available at…

Q: Find the amount at the end of 2 years if $1,000 was invested at 5% simple interest; 5% compounded…

A: The term time value of money refers to the value of the money in the future of which the investment…

Q: Find the compound amount if php 82,000 is invested at 11% compound quarterly for 3 years and 5…

A: Compound interest also called interest on interest. It is the addition of interest in the principal…

Q: What is the accumulated sum of the following Stream of Payments? $20,384 every year at the beginning…

A: Future value  Future value  is the worth of any asset or any sum of money at a future date when such…

Q: Calculate the accumulated amount of end-of-quarter payments of $9,500 made at 6.64 compounded…

A: Quarter Payment  $                 9,500.00 Interest Rate 6.64% compounded monthly Time Period 6…

Q: Find the final amount of money in an account if $7,400 is deposited at 7.5% interest compounded…

A: The interest rate compounds semi-annually. Hence, the interest rate that should be considered is…

Q: Determine the amount if Php 40, 000 is invested for 4 years. compounded quarterly @ 6%.

A: Future value is the worth of a current sum of money after a specified time span, given a fixed…

Q: Determine the present value amount, using the following partial table of present value of $1 at…

A: Present Value means the present worth of the amount receivable or payable in the future period.…

Q: If the rate of earnings is 12% and the cash to be received in two years is $20,000, determine the…

A: Present value amount = Cash to be received in two years x present value of $1 at compound interest…

Q: Accumulate 2,800 at 6% compounded quarterly for 7 years and 5 months

A: Accumulated value is calculated using future value formula.   Future value = Present value *( 1+…

Q: How much should be invested in an account paying 10% compounded quarterly for it to accumulate to…

A: Present Value is the current value of the future sum of money at the specific rate of return.

Q: How much money is accumulated if P 5,800 is paid at the end of every month for 4 years at 5%…

A: Monthly payment (M) = P 5800 Number of payments (n) = 4 years = 48 months Interest rate = 5%…

Q: Find the final amount of money in an account if $8,900 is deposited at 7% interest compounded…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: What is the size of deposits made at the end of each period that will accumulate to $67200 after…

A: Formula: Size of deposits = P x [ 1 + R / T ] MT R = rate of interest M =Number of periods T =…

Q: Compute the accumulated amounts after 5 years of P1,000 invested at the rate of 10% per year…

A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: $1024 invested into an account that pays 1.56% interest compounded daily, for 4 years.  a) What is…

A: Amount invested = $1024 Interest rate = 1.56% compounded daily. Time period = 4 years

Q: An amount is deposited for fifteen years at 4%. If compounding occurs quarterly, then the table…

A: There are 15 years but compounding is quarterly so total period=15*12/3 =60

Q: 2. Determine the present value on july 7 Php 6 800 paid at the end of each subsequent calendar…

A: Note : dear student as per the Q&A guideline we are required to solve the first question only .…

Q: Compare the interest earned by $9,000 for five years at 8% simple interest with interest earned by…

A: Time value of money- It is based on the concept that money earned today is worth more than similar…

Q: what amount today is equivalent to $10,000 four years ago, if money earned 5.5% compounded monthly…

A: Solution:- When an amount is invested somewhere, it earns interest.  The amount initially invested…

Q: . Solve for the compound interest earned if 10,000 pesos is invested for  1-1/2 years at 8%…

A: Part 1. Investment = 10,000 pesos Time period = 1-1/2 years Interest rate = 8%

Q: Find the final amount of money in an account if $4,900 is deposited at 4.5% interest compounded…

A: Compounding is a technique through which FV of present amount is computed by using appropriate rate…

Q: Compare the interest earned by $10,000 for five years at 10% simple interest with that earned by the…

A: When an accrued amount is calculated, which includes principal plus interest, it is known as simple…