If $1,420 is invested in an account which earns 8% interest compounded annually, which will be the balance of the account at the end of 17 years?

Q: What is the future value of $2,500 deposited at the end of each quarter year for 15 years earning 8%…

A: In the given question we need to compute the future value of $2500 deposited at the end of each…

Q: What is the present value of $1,150 deposited at the end of each quarter year for 12 years earning…

A: Calculation of Present Value:The present value is $38,124.16.Excel Spreadsheet:

Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…

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

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: In an account that earns 11% interested, compounded annually, what is the percentage change in the…

A: Let 100 be the initial investment

Q: Suppose that $80,000 is invested at 7% interest. Find the amount money in the account after 5 years…

A: The given problem can be solved using FV function in excel. FV function computes amount value in…

Q: What is the present value of $17,000 deposited at the end of each year for 23 years earning 9.5%…

A: We need to compute the present value in this question using following details : Deposit at end of…

Q: If $900 is invested at 10% compounded quarterly, what is the interest earned after a) 4 years…

A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…

Q: An investment of $1,050 is made in an account compounded semi-annually at 6.8%. How much will the…

A: It can be calculated using FV function in excel. FV (rate, nper, pmt, [Pv], [type]) Rate The…

Q: How much money would be accumulated in15years for a deposit of $15,000 made at the end-ofyear zero…

A: The formula used as follows:

Q: An initial investment of $480 earns interest for 7 years in an account that earns 13% interest,…

A: Future Value = Present Value * (1+r)^n where r =rate of interest per period i.e. 13%/4 = 3.25% n =…

Q: invests $80,000 today at 10% per annum, compounded quarterly. What will the balance of Sam's…

A: Effective rate = 0.10/4    = 0.025 n = 5 * 4   = 20 Current amount = 80000

Q: If $650 is invested at 6% compounded (A) Annually, (B) Quarterly, (C) Monthly, what is the amount…

A:

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Deposit amount (P) = $ 12000 Period = 5 Years Number of quarterly period (N) = 5*4 = 20 Annual…

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: 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: If $1,000 is invested today at Bank Alfalah ltd and $1,000 is invested at the beginning of each of…

A: Using excel FV Function

Q: You have $1,500 to invest today at 7% interest compounded annually. a. Find how much you will have…

A: We need to use compounding interest formula to solve this problem A=P(1+i)n  Where A= Accumulated…

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…

Q: What sum of money must be deposited at the end of every 3 months into an account paying 3.7%…

A: Amount that need to be deposited in in 3moths can be calculated using the formula of the future…

Q: what is the balance in an account at the end of 10 years if 5,000 is deposited today at the account…

A: The  following formula is to be used in order to find out the balance in  account A =P[1+r/n]nt…

Q: How much money must be deposited at the end of each quarter if the objective is to accumulate…

A: Working note:

Q: Solve for the compound amount and compound interest earned if $ 825 is invested for 10 years at 4%…

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

Q: If $400 is invested at 10% compounded quarterly, what is the interest earned after: a) 6 years…

A: Compound Interest: It refers to the additional interest added to the principal amount of any deposit…

Q: At what interest rate will ₱30,750 amount to ₱44,875 in 4 years and 6 months, if interest is…

A: Data given: Description Data FV (P) 44875 PV (P) 30750 r= rate (Compounded semiannually)…

Q: If, starting one year from today, 12 equal annual deposits of $2,500 are made into an account…

A: Annual deposit (P) = $ 2500 Annual interest rate (R) = 0% Number of annual deposit (N) = 12

Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…

A: In the given question we are required to calculate the future value from the following details:…

Q: How much can be accumulated for retirement if OMR2,000 is deposited annually, beginning one year…

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

Q: What is the future value of $7,200 deposited at the beginning of each year for 7 years earning 8%…

A: Calculation of Future Value:The future value is $69,383.72.Excel Spreadsheet:

Q: What is the (a) present value and (b) compound interest earned for 3 years and 9 months of P84,500…

A: Given,  The future amount is P84,500 Rate is 20% Term is 3 years and 9 months

Q: If the sum of P12,035 is deposited in an account earning interest at the rate of 9% compounded…

A: In this we have to use future value formula to get the future value.

Q: If money is worth 8% compounded quarterly, find the present value of 12 quarterly payments of P1,…

A: The rate of interest is 8% compounded quarterly. The payment made for 12 quarters. the each payment…

Q: How much interest was earned by an investment that earns at a rate of 9% compounded semiannually for…

A: The present value is that amount without which we cannot obtain the future value. The future value,…

Q: A nominal interest of 3% compounded continuously is given on the account. What is the accumulated…

A: In Continuous compounding, compounding is done an infinite number of times.

Q: A principal, $30, is invested at 6% interest for 2 years. Determine the future value if the interest…

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

Q: A nominal interest of 3% compounded continuously is given on the account. What is the accumulated…

A: Given Information: Interest rate is 3% Compounded continuously Present value is 10,000 Number of…

Q: Assume that you invest $1000 for 15 years in an account that pays an interest rate of 7% per year…

A: Account value at the end of 15 years (if interest is calculated only on principal amount) is…

Q: If 2,000 is invested at an interest rate at 8% compounded annually for 3 years, find the compound…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Suppose that $30,000 is invested at 9% interest. Find the amount of money in the account after 7…

A: Future value of money is amount being deposited and amount of compounded interest accumulated over…

Q: What is the amount of interest earned on $2,000 for five years at 10% simple interest per year?

A: Simple Interest: It is one of the easiest method to compute the interest on a loan. Simple interest…

Q: What is the future value of $1,500 invested today at 7% interest in 6 years with interest compounded…

A: In given question we need to compute the future value of $1500 invested today for 6 years at 7%…

Q: Suppose that $4500 is invested in an account that pays 2% annually and is left for 4 years. 1) How…

A: Given Information:  Principal = $4,500  Rate = 2% or 0.02  Time = 4 years

Q: How much money would be in an account if $6,200 is deposited at 2% interest compounded semi-annually…

A: Time value tells the amount received by an individual today is of more worth than the same amount…

Q: How much can be accumulated for retirement if $12,000 is deposited annually, beginning one year from…

A: Given information: Annual deposit amount is $12,000 Interest rate is 9% Number of years is 17

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: The future value of the account can be computed by using the future value of a single deposit…