If $18,000 is invested at 2.5% for 20 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.) (d) monthly $ _________(e) daily (N = 360) $ _______________(f) every minute (N = 525,600) $_________________

Q: What present value amounts to $15,000 if it is invested for 20 years at 8% compounded annually?…

A: Present Value = Future value / (1+r)^n Where, r = rate of interest i.e. 8% n = no. of years i.e. 20…

Q: If $2500 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

A: The formula used as follows: A=P1+rnnt

Q: If you invest $20,000 at an annual rate of 1% compounded continuously, calculate the final amount…

A: The question is based on the concept of Financial Management.

Q: If $5,000 is invested at an annual rate of 6.5% compounded continuously, the future value S at any…

A: Information Provided; Principal = $5000 Annual rate = 6.5% compounded continously

Q: If $10,000 is invested in a certain business at the start of the year, the investor will receive…

A: Computation of present value:Hence, the present value is $1,151.30.

Q: How much would be needed today to provide an annual amount of $50000 each year for 20 years, at 9%…

A: Using excel PV function

Q: If $15,000 is invested at 3.5% for 20 years, find the future value if the interest is compounded the…

A: Initial investment (I) = $15,000 Interest rate (r) = 0.035 or 3.5% Period (t) = 20 years Future…

Q: future

A: Formula for compound interest is: A = P[(1+r/n)^nt] Where A is the future value, P is the principal…

Q: year-end bonus of $25,000 will generate how much money at the beginning of each month for the next…

A: Year End Bonus=$25000 interest rate =6.06 monthly interest =6.06/12=0.505 monthly interest =0.505%0…

Q: If $17,000 is invested at 4.5% for 20 years, find the future value if the interest is compounded the…

A: Here, The future value is FV. The present value is PV. The rate of interest is r. The maturity…

Q: If $15,000 is invested at 3.5% for 20 years, find the future value if the interest is compounded the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: 1. Compute the difference in the future amount of P500 compounded annually at nominal rate of 5% and…

A: Hi, Thanks for the question. Since you asked multiple questions, we will answer the first question…

Q: If $35,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the…

A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: If $18,000 is invested at 2.5% for 20 years, find the future value if the interest is compounded the…

A:

Q: You invest $17,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Compound Interest- It is interest which is earned on the principal amount invested and interest…

Q: What present value amounts to $25,000 if it is invested for 20 years at 5% compounded annually?…

A: Solution Concept The interest rate compounded annually means the interest is charged on interest and…

Q: A house and lot costing ₱2 million was bought at a down payment of ₱500,000 and ₱1 million after one…

A: Compounding Interest refers to the calculation of interest on the principal amount plus the…

Q: You want to buy a house, and a local bank will lend you $100,000. The loan will be fully amortized…

A: EAR: EAR stands for Effective Annual Rate, and it is the interest rate. Compounding periods are…

Q: 1. How much interest will be earned on $10,000 in 5 months if the annual simple interest rate is…

A: Answer 1: Information Provided: Present value = $10,000 Time = 5 months Interest rate = 2%

Q: If 35900 dollars is invested at an interest rate of 6 percent per year, find the value of the…

A: Future value refers to the future worth of a money that has been invested now. Future value of money…

Q: If $18,000 is invested at 2.5% for 20 years, find the future value if the interest is compounded the…

A: Compute the future value:The future value if the interest is compounded continuously is $29,676.98…

Q: Find the time required for an investment of 5000 dollars to grow to 8700 dollars at an interest rate…

A: The time can be computed using excel as follows:

Q: If (P) dollars are invested at the end of each year in an annuity that bears interest at an annual…

A: The future value of a regular annuity amount can determine with the help of the future value of the…

Q: Find the accumulated value of an investment of $32,000 for 7 years at an interest rate of 4.2% if…

A: Value of investment = 32,000 Interest rate = 4.2% Time period = 7 years The value is compounded…

Q: You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10…

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

Q: If the current rate of interest is 6% APR, what is the future value of an investment that pays AED…

A: Because of time value, the true worth of funds keeps on changing because  of interest rate,…

Q: How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of…

A: The payment flow which continues for a definite time period and terminates after lapse of time…

Q: You have decided to set aside a fixed amount every quarter in order to have $12,000 available for a…

A: The amount to be deposited every quarter can be calculated with the help of future value of annuity…

Q: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

A: The investment value can be calculated as future value of annuity due

Q: If 2400 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: Future value(FV) is the value of initial investments at a future date after compounding it with a…

Q: How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of…

A:

Q: $13,000 is invested at 4.5% for 20 years, find the future value if the interest is compounded the…

A: In this we have to find out future value using formula.

Q: If 36,400 dollars is invested at an interest rate of 7 percent per year, find the value of the…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: Suppose that you plan to retire in 40 years. You put 1000 dollars in a bank account which sa per…

A: Effective rate of interest is the interest rate that is actually earned or paid. Effective rate of…

Q: What interest will be earned if $6500 is invested for 7 years at 10% compounded monthly? (Round your…

A: Compound interest is a method of calculating the interest to be paid for using the money lent in a…

Q: Use the compound interest formula to calculate the compound amount (in $) for your investment.

A: Future Value: It is the future worth of the investment amount or a sum of money compounded at a…

Q: If $35,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: If $13,000 is invested at 2.5% for 30 years, find the future value if the interest is compounded the…

A: ACCORDING TO THE RULE, WE WILL ONLY ANSWER THE FIRST THREE SUBPARTS, FOR THE REMAINING SUBPARTS,…

Q: If $15,000 is invested at 3.5% for 20 years, find the future value if the interest is compounded the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: An engineer buys a piece of lot for P250,000 down payment and 10 deferred semi-annual payments of…

A: Annual interest rate = 10% Quarterly interest rate = 10%/4 = 2.5% Down payment = P 250,000 Semi…

Q: If $10,000 is invested in a certain business at the start of the​ year, the investor will receive…

A: Basic Details: 1. Amount Invested = $10000 2. Annual Cash Flow = $3000 3. Term = 4 Years 4. Interest…

Q: You have decided to set aside a fixed amount every quarter in order to have $15,000 available for a…

A: Future Value of investment = $15,000 Time period = 3 years Interest Rate = 5%  The investment is…

Q: You invest $19,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

A: Given, Investment = $19,000 Interest     = 18% Compounding Frequency = Monthly for 2 years  The…

Q: A year-end bonus of $23,000 will generate how much money at the beginning of each month for the next…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: You invest $17,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

A: Higher the frequency of compounding, higher would be the interest income

Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

A: Given,  The present value of investment is $10,000 The rate of interest is 7% per year compounded…

Q: You have been told that you need $25,600 today in order to have $100,000 when you retire 35 years…

A: A study that proves that the 1value of money today is higher than the future value of money is term…