How long will it take ​$4,000 to grow to ​$19,000 if it is invested at 5​% compounded​ monthly?   Find the present value of the given future payment at the specified interest rate. ​$480 due in two years at 8  2/4​% compounded quarterly

Q: e future value of an ordinary annuity of $100 paid at the end of each quarter for 2 years, if…

A: FV=C(1+r)n-1r×(1+r)C=$100  r= 6% = 0.06  n=2 years  compounded quarterly r=0.064  n=2×4=8

Q: /2. Jimmy invests $4,000 in an account that pays 2% annual interest, compounded semi-annually. What…

A: 2. The principal amount, P = $4000 Rate of interest, r=2%=0.02 The number of times the interest…

Q: Find the present value (in dollars) of an annuity that pays $5,000 at the end of each 6- month…

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Q: What is the future value if $9000 is invested for 9 years at 10% compounded semiannually? (Round…

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Q: compounded

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Q: Semi-annual paymnts of 150,000 pesos with an interest rate of 8% compounded annually for 10 years.

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Q: In a certain account providing an interest rate of r compounded quarterly, 2500 is deposited every…

A: Given There are 2 cash flows "2500" with each occurring at the end of the quarter. The FV is given…

Q: A man receives 125,000.00 credit for his old car when buying a new model costing 375,000.00. What…

A: Given information Buying price=$375,000 Old car exchange value=$125,000 Interest rate r=6% Since,…

Q: At the time of her​ grandson's birth, a grandmother deposits $6000 in an account that pays 2%…

A: Since you have posted multiple questions and we can answer one question. So, answered the first…

Q: How much interest will you owe if you borrow $1200 for 2 years at a simple interest rate of 10%…

A: Equation to be used:A = P(1 + rt) ;        P = Principal Amount = 1200  t = time in years = 2 years…

Q: A lottery prize is $600 million. If interest rate is 3 % nominal annual compounded annually, answer…

A: Let P be the principal amount and r be the interest rate compounded annually  then the equal…

Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: Find the payment that should be used for an annuity due with a future value of $12,000, quarterly…

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Q: Scheduled payments of $900 due two years ago and $1,200 due in five years are to be replaced with a…

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Q: Find the future value of a $20, 000 annual income stream if it is invested immediately as it is…

A: Hee, use the formula: FV=erM∫0MS(t) e-rt dt

Q: 3. Find the compound amount and interest on P1, 500 at the end of 35 years and 9 months, if the…

A: Question number 3 has been solved as per the requirement of the student.

Q: Find the present value of the given future payment at the specified interest rate. $5000 due in 40…

A: In the given question we have to find approximate present value.   According to our guidelines we…

Q: An investment company pays 4% compounded semi annually. Do you want to have 24,000 in the future.…

A: Given values:

Q: If $3,000 is compounded annually at 6.5% for 13 years, what is the future value

A: Given, $3,000 is compounded annually at 6.5% for 13 years, We have to find the future value of the…

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: The present value of the annuity is given by PV=P1-1+r-nr where P is the periodic payment, r is the…

Q: The bank is offering a special rate of 4.5% to anyone willing to invest $10,000 for 5 years,…

A: Here, principal (P)=$10,000               Time (t)=5 years rate of interest (r)=4.5%=4.5100=0.045…

Q: How much interest will you owe if you borrow $2700 for 3 years at a simple interest rate of 7%…

A: Given that  principal amount=P=$2700Time =T=3yearsrate of interest=R=7%find interest

Q: Find the interest rate required for a principal of 15000 OMR to produce a future value 40000 OMR in…

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Q: d the future value of an annuity of $1200 paid at the end of each year for 10 years, if interest is…

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Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

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Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: Given query is to find the total amount after 10 years with $1800 month,6% compounded monthly.

Q: what is the future value of $4000 earning 18% interest compounded monthly, for 8 years?  Round to…

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Q: What is the future value if $8300 is invested for 5 years at 10% compounded semiannually?

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Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

A: Note: Hey there! Thank you for the question. As you have posted multiple questions, we have helped…

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

Q: Find the principal amount required to produce a future value 60000 after 10 years at rate 4%…

A: The amount needed to be produced is 60000 OMR. The rate of interest is r=4%=0.04. The time period is…

Q: In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per…

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Q: Man borrowed $30,000 at a simple interest rate of 12% per year to woman, however Man can only paid…

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Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: 9)A retirement account is opened with an initial deposit of $ 10,000 and earns 6 % interest…

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Q: II) Find the interest rate required for a principal of 15000 OMR to produce a future value 40000 OMR…

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Q: If $14,000 had been invested in the Fictitious Fund on June 30, 1995, then on June 30, 2005, the…

A: The future value of the initial investment P after t years when interest is compounded annually at…

Q: A yearly payment of ₱50,000 is due at the start of each year for 10 years for an insurance worth…

A: Let the yearly rate of interest be r% per annum. It is given that a yearly payment of ₱50000 is made…

Q: Find the present value of an annuity if $2,200.00 is paid to you at the end of every 2 months for 3…

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Q: Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest…

A: Definition used -                   Future value of an annuity -…

Q: Find the future value of a $30, 000 annual income stream if it is invested immediately as it is…

A: Solving the problem by finding the value of compound interest.

Q: Suppose a state lottery prize is worth 7 million is to be paid in 10 payments of $700,000 each at…

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Q: The price of a new car is $20,000. Assume that an individual makes a downpayment of 25% toward the…

A: Given that The price of a new car is $20,000. Assume that an individual makes a downpayment of 25%…

Q: How much would you have to pay into an account at the beginning of every six months to accumulate…

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

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Q: Find

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Q: How much must be placed each month into a retirement account earning 14% compounded monthly if the…

A: Given, r= 14% A= $1000000 t= 35 years n=12 (compounding monthly)

Q: A UK lottery prize pays £10000 at the end of the first year, £11000 at the end of the second year,…

A: Consider the provided question, First we need to find present value of such lottery discounted with…

Q: If $16000 is invested at 8% for 12 years, find the future value if the interest is compounded…

A: Note:-         Formula for compound interest is         A=P1+rnnt →          *         A= Final…