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- Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions Kristen Quinn makes equal deposits of $500 semiannually for 4 years. Required: What is the future value at 8%? (Note: Round answers to two decimal places.)The principal P is invested at the interest rate of r/year for t years. (Use a 365-day year.) P = $110,000, r = 4%, t = 7 1 4 , compounded monthly.Determine i, the compound interest rate.(A/F,15% monthly,3years) has a value equals to a. 0.022 b. 0.008 c. 0.078 d. 0.038
- Calculate the simple interest earned. Round to the nearest cent. P = $4700, r = 7%, t = 1 yearCan you please show me how we get the number, 1.242381 In this sum , A = $ 2,500 P = ? Time = 4 years = 4 * 2 = 8 half years Rate of interest = 5.5/ 2 = 2.75% compounded semi annually A = P (1+r/100)t 2,500 = P (1+2.75/100)8 2,500 = P (1.242381) 2,500/1.242381 = P P = $ 2,012.26 Hence, amount invested now is $ 2,012.26.Using the following partial table of present value of $1 at compound interest, determine the present value of $25,000 to be received four years hence, with earnings at the rate of 10% a year. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 a.$22,725 b.$15,900 c.$17,075 d.$19,800
- Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $120,000, r = 2.75%, t = 4, compounded dailyWhat is the principal amount that will earn interest of RO 18.20 at 3.25% in 2 years? a. RO 200 b. RO 280 c. RO 240 d. RO 320Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $43,000, r = 9 3/4 % t = 9, compounded quarterly A = $
- businessman invested P1,000.00 and after 4 years, it becomes P1,608.44 when he investedat a certain rate of interest compounded bi-monthly. Determine the nominal rate and thecorresponding effective rate.Insert the answer for each of the following: A. P=$4,500, r=.06, t=4 years. Interest ?__________________________. B. p= $ 3,200, r=.023, t= 3months. interest ? ________________________. C. p=$ 1,700, r=.055, t= 90 days. interest ? ____________________________. D. sales $ 3,790, returns $ 390, sales terms 2/10 n 30. discount ________________? and E. remittance ( paid) __________________________? ( assume paid in discount period)Lesiba invests an amount of money in an a ount earning 13,88% interest per year, ompounded weekly. After five years, this amount has a umulated to R50 000. The amount that was invested initially is [1] R26 105,54. [2] R15 300,00. [3] R29 515,94. [4] R25 001,79. [5] R34 700,00.
