If $35,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)
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A: Initial investment (I) = $15,000 Interest rate (r) = 0.035 or 3.5% Period (t) = 20 years Future…
Q: future
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A:
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A: Present value = $50,000 Future value = $88,600 Interest rate = 6.5% Let time taken = n years
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A: future value formula: future value =A×1+rn-1r where, A=annuity r=rate of interest n=number of years
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A: Solution Concept The interest rate compounded annually means the interest is charged on interest and…
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A: Compound interest: The amount of interest received or earned for multiple-interest time periods, on…
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A:
Q: If $17,500 is invested at an interest rate of 10% per year, find the value of the investment at the…
A: Present Value (PV)= $17,500 Interest Rate (r)= 10% per year Time period (n)= 5 years Future Value at…
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…
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A: Investment = RM10,000 Return = RM25,000 Period = 5 Years
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A: Given: Compounding value =$23000Time =12 yearsInterest rate =6%=6100=0.06Compounded quarterly i.e.…
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A: In this we have to find out future value using formula.
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A: To open the "RATE function" window - MS-Excel --> Formulas --> Financials --> RATE.
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A: Given, A = P*(1+r)^2
Q: What are the future value and the interest earned if $2800 is invested for 3 years at 8% compounded…
A: INTEREST RATE (8%/4) 2.00% PERIOD (3*4) 12 PMT 0 PRESENT VALUE $2,800
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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Suppose you wish to have $9,000 in 11 years. Use the present value formula to find how much you…
A: Given, Time period (N) = 11 years ~ 11 * 2 = 22 periods of 6 month Interest rate (R) = 6 % per annum…
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A: Time value of money concept says that if we invest a particular sum of money today will not have…
Q: What present value P amounts to $300,000 if it is invested at 5%, compounded semiannually, for 19…
A: PV is Present value FV is Future value i.e. $300,000 r is Interest rate i.e. n is number of…
Q: If $18,000 is invested at 2.5% for 20 years, find the future value if the interest is compounded the…
A: Computation of future value:Excel spread sheet:
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A: Please refer to the image below
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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: invest
A: Formula to calculate present value or amount to be invested now in compound interest is: PV =…
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: Suppose you wish to have $15,250 in 18 years. Use the present value formula to find out how much you…
A: Present value = Future value/(1+pir)^n Where N = number of periods = 18 years Pir = periodic…
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A: Future value = Principal(1+Rate)n Here, Principal = $9,000 Rate = 2% Semiannual Rate = 1% Time =…
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A: Calculate the number of years by using present value table.
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A: SOLUTION : GIVEN, Annual payment = $5,000 Interest rate = 10% = 0.10 Number of years = 2 years…
Q: Find the future value if $5000 is invested for 6 years at 10% compounded annually. (Round your…
A: INTEREST RATE 10.00% YEARS 6 PMT 0 PRESENT VALUE $5,000
If $35,500 is invested at 6.2% for 30 years, find the
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- what is adjusting journal entries? T1 Feb 1 You invest $10,000 into your brand new company, Just for Kicks. T2 Feb 1 You obtain a bank loan of $20,000 at a rate of 8% per year. T3 Feb 2 You purchase 50 pairs of shoes from Sloan's Shoes. Total cost is $2,500 terms 2/10, net 30. T4 Feb 3 Go to Staples to buy a desk, chair, and filing cabinet etc for a total of $1,100. T5 Feb 3 When at Staples you also purchase $500 worth of packing and office supplies. T6 Feb 4 You pay $400 for the first month of Shopify's Advanced Features. T7 Feb 6 With the website set up, you make your first sales - 10 pairs of shoes at an average price of $120 each.…Fast pls solve this question correctly in 5 min pls I will give u like for sure Savit Extron company has a current ratio of 4.14, and total current liabilities of $23.9 million. What is Extron's total current assets in millions? State your answer to 2 decimal places.Which one of the following transactions can immediately decrease the Profit Margin? A Provide services and receive $5,000 cash. B Borrow $60,000 bank loan due in 3 years' time. C Adjust the expired prepaid insurance of $900. D Receive $3,000 cash contributed by the owner. E Pay $2,300 annual insurance premium.
- Step one payments are showing as $20,00,000.00 instead of $2,000,000. Can you provide an updated solution?Sub parts to be solved include Letters : D- Monthly E- Daily F - Every Minute G - Continuously H - SimpleMerle Company pays $1,000 for this month’s rent in cash. The effect to Assets would be: Merle Company pays $1,000 for this months rent in cash. The effect to Liabilities would be: Merle Company pays $1,000 for this month’s rent in cash. The effect Equity would be: Merle Company earns $9,000 from services preformed. The effect to Assets would be: Merle Company earns $9,000 from services preformed. The effect liabilities would be: Merle Company earns $9,000 from services preformed. The effect to Equity would be: Merle Company pays $3,000 towards the amount owed due to the equipment purchase. The effect to Assets would be:
- Hi I thought was 30 questions per month how come I have 9 left ? Can you answer question 2 pleasewner contributed computer costing RO. 9000, inventory worth OR 8000 and in cash OR 32000 . What is his Capital ? Select one: a. OR 49000 b. OR 8000 c. OR 32000 d. OR 39000 Rent revenue received OMR 3500 by cheque . The correct entry--- Select one: a. CASH A/C DR RENT A/C CR b. BANK A/C DR RENT A/C CR c. RENT A/C DR CASH A/C CR d. RENT A/C DR BANK A/C CR If a business has purchased goods for OMR 50000 and 25%was on account . Find out value of account payable? Select one: a. OMR 12500 b. OMR 50000 c. OMR 37500 d. OMR 32500Provide an income statement and balance sheet for the month given the ff data: T1: Jason invested P300,000 cash as initial capital for his small business.T2: He paid P6,000 for the rent good for a month.T3: He bought P4,950 worth of shop suppliesT4: He bought 4 desktop that costs P32,500 eachT5: He bought 2 printers on account (credit terms) worth P10,000 eachT6: He paid electric bill with an amount of P3,500T7: By his computer services, he received P35,000 in cashT8: He paid 12,000 for the repairman's salary good for a month
- I need some help double checking my math.... the question is attached here is what I got: Solution: Solution: Year CF Balance Year CF Balance 0 -$100,000.00 -$100,000.00 0 -$500,000.00 -$500,000.00 1 $25,000.00 -$75,000.00 1 $125,000.00 -$375,000.00 2 $25,000.00 -$50,000.00 2 $250,000.00 -$125,000.00 3 $25,000.00 -$25,000.00 3 $300,000.00 $175,000.00 4 $25,000.00 $0.00 4 $225,000.00 $400,000.00 5 $25,000.00 $25,000.00 5 $100,000.00 $500,000.00 6 $10,000.00 $35,000.00 6 $25,000.00 $525,000.00 7 $5,000.00 $40,000.00 7 $0.00 $525,000.00 Payback 4.00 Payback 2.42 Solution: Year Investment A Year Investment B 0 -$100,000.00 0 -$500,000.00 1 $25,000.00 1 $125,000.00 2 $25,000.00 2 $250,000.00 3 $25,000.00 3 $300,000.00 4 $25,000.00 4 $225,000.00 5 $25,000.00 5 $100,000.00 6 $10,000.00 6 $25,000.00 7 $5,000.00 7 $0.00…#6: Prepaid Insurance, beg. 86,000; Prepaid Insurance, end 55,000; Insurance Expense, 50,000.00. The Cash Payment for insurance amounted to _________. (Round your answers to the nearest 2 decimal places)Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How many errors can you find in the following financial statements far Alpine Realty, Inc. prepared after its first month of operations?