How much money should be invested in an account that earns 7.5% interest, compounded quarterly, in order to have P100,000 in 8 years?
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A: The formula used as follows: FV=PV1+rnnt
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Q: How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000…
A: Compounding interest the interest you earn interest on interest amount.
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Solve this accounting
Q) How much money should be invested in an account that earns 7.5% interest, compounded quarterly, in order to have P100,000 in 8 years?
Not use excel
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Q) How much money should be invested in an account that earns 7.5% interest, compounded quarterly, in order to have P100,000 in 8 years?Not use excelYou invest $5,000 into a money market account that pays interest monthly (e.g., interest is compounded monthly). After three-year the value of the account is $6,800. What is the annual and monthly interest rate? please use excel and show what step by step how you did it. Also, use formula ? = n ∙ ((????)^1/(?∙?)− 1) -1 is not squared See highlited formula
- Suppose that an amount in Kina, is invested in a private financial institution, with interest compounded continuously at 8% per year. a). Write the equation in terms of P0 and 0.08 where P0 is the starting amount invested. And the final balance in the account is denoted with variable P b). Suppose that K2000 is invested. What is the total amount in the account after 3years? c). How many years will it take to have more then the invested amountHow much money should a company deposit into an account now so that they will have $50,000 in 6 yeats if the account earns 4% interest, compounded quarterly?not use of excel.only use formula to solve. Q)For an income of $4,500 per month for the past five years, what is the present worth of the income at an interest rate of 15% per year, compounded monthly? $270,000 $543,078 $398,585 $298,485
- Suppose we put $15000 into an account earning 3% interest compounded continuously. How long will it take (in years) got us to have a balance of $45,000. Round your answer to the nearest year.How much should you invest into an account with 3.2% interest compounded quarterly if you want to recieve a payment of $1000 each quarter for the next 5 years ? Can you possibly show what equation is used instead of excel ? Thank youThe company is going to invest ₱26,000, ₱34,000, ₱46,000, and ₱54,000 respectively into a savings account at the end of each year through 4 years. Each of these amounts will compound at 4% per annum until the 4th year. What is the total expected amount that the company will have at the end of the 4th year? (Do not round off between computations. Round off the final answer to two decimal places. Example of writing your answer 64,125.91)
- Theresa invested $5,000 in an account she expects will earn 8% annually. Approximately how many years will it take for the account to double in value? (Report an integer) (Hint: The easiest way to solve this problem is to use the "rule of 72".) (Note: Approximately, 1.3 is 1, not 2; and 1.5 is approximately 2.)IF you deposit $300 each quarter into an account earning 3.2% compunded quarterly, how many years will it take the account to grow to $15,000. Again, can you answer the problem showing the equation ? not excelA bank lends some money to a business. The business will pay the bank a single payment of $180,000 in ten years time. How much greater is the present value (PV) of this payment if the interest rate is 8% rather than 7%? A. $9,754 B. $6,502 C. $11,379 D. $8,128 Please use financial calculater variable entries.
