Question

In 1 year, you will be paid $1.Will the PV increase or decrease if the interest rate goes up?

Expert Solution

Want to see the full answer?

Check out a sample Q&A here
Blurred answer
Students who’ve seen this question also like:
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN: 9780547587776
Author: HOLT MCDOUGAL
Publisher: HOLT MCDOUGAL
Not helpful? See similar books
marketing sidebar icon
Want to see this answer and more?
Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*
*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.

Related Calculus Q&A

Find answers to questions asked by students like you.

Q: In 1 year, you will be paid $1. Will the PV increase or decrease ifthe interest rate goes up?

A: Given: In 1 year, you will be paid $1.Will the PV increase or decrease ifthe interest rate goes up?

Q: An account that yields 6% simple interest annually has $2,000. How much will be in the account after…

A: Click to see the answer

Q: A coffee maker costs P2,000. If it is bought 10years from today with an interest rate of 3%, how…

A: Given that cost of coffee maker = P2000 Bought the coffee maker 10years from today. Rate of interest…

Q: If the present worth of a company is 3000$ with interest rate of 9% for 6 years, the EUAC of the…

A: Given: Present value = $ 3000 Interest rate = 9% Number of periods n = 6 years

Q: With 1500.00 I opened a savings account in a bank that offered me a monthly interest rate of 0.5%.…

A: Given: P = $1500.00, r = 0.5% p.m., n = 12

Q: Benjamin Franklin invested $2 in 1776 into an account that has a 12% interest rate,in what year will…

A: It is simple interest problem

Q: If an account earns 4% simple interest per year, how many years will it take $1 to grow to $3?

A: If an account earns 4% simple interest per year, find the number of years will it take $1 to grow to…

Q: An account starts with $1,000, and pays 100 percent interest per year. If the interest is credited…

A: If the interest is computed and credited more frequently during the year, the value of the account…

Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: An investment pays simple interest, and triples in 17 years. What is the interest rate

A: Click to see the answer

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

A: Click to see the answer

Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

A: Click to see the answer

Q: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…

Q: At a 10% interest rate, how much should you invest today to be able to withdraw P10 000.00 annually…

A: Click to see the answer

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: Topic:- simple interest

Q: A bank pays 6 % interest annually on savings, compounding the interest yearly. If we deposit $1000,…

A: Consider the given information.

Q: You are now 20 years of age and decide to save $100 at the end of each month until you are 65. If…

A: You are now 20 years of age and decide to save$100 at the end of each month until you are 65.If the…

Q: You are now 20 years of age and decide to save $100 at the end of each month until you are 65. If…

A: When we invest a fixed sum at a fixed interval of time, it is called an annuity. The formula to…

Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

A: Click to see the answer

Q: Richard invests $298.66 every month into an account. At the end of 30 years, he has a balance of…

A: Given: The investment rate is $298.66 per month and  total time 30 year=360month and final balance…

Q: opulation was estimated to be 1.27 billion, with a growth rate of 1.3% per year.  If the growth rate…

A: Given: Starting population, P0=1.27 billion Growth rate, r = 1.3% Time, T = T2-T1=2023-2013=10 years…

Q: our investment account pays 3% interest. If you deposit $10 a day, how much will you have after 5…

A: Click to see the answer

Q: If a savings account pays 3% simple annual interest, a deposit of $250 will earn $______ in 2 years.…

A: GIVEN DATA : Saving account pays 3% simple annual interest, Deposit is $250 in 2 years       TO FIND…

Q: a) If a car depreciates at 15% per year, how long is it until it is worth half of its original…

A: a) Given that a car depreciates at 15% per year. To find the time when it is worth half of its…

Q: how much will my investment be worth in 7 years?

A: Amount invested in gold, P1 = $4000 Rate, r1 = 12% = 0.12 No. of times interest compounded in a…

Q: A WSU student invests $13,000 for 4 years at an annual simple interest rate of 12%. How much will be…

A: Click to see the answer

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: if $25,600 is invested for 3.5 years at 4.75% simple interest, how much interest is earned?

A: Click to see the answer

Q: An investor puts £5,000 in a savings account that pays 10% simple interest at the end of each year.…

A: Click to see the answer

Q: If a savings account pays 3% simple annual interest, a deposit of $250 will earn $______ in 2 years.…

A: The formula of Simple interest is, SI=principal amountp×rater×timet100 it is given that rate is 3%…

Q: If $5000 is invested at 6% simple interest, how long does it take this investment to be worth $7700…

A: Given that $5000 is invested at 6% simple interest.

Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: Today, Sarah bought a condofor $310,000 a) Assumingthat the condo increase years?

A: Click to see the answer

Q: The installation cost of a machine is $8000 with estimated life of 10 years. If the cumulative…

A: Given : Installation cost = $8000 Cumulative depreciation at the end of 6th year = $2000 Book value…

Q: A bank offers a CD that pays a simple interest rate of 5%. How much must you put in this CD now in…

A: First, always look for what you are asked to find. Here it is how much you must put into a CD.…

Q: Jimmy deposits $4000 at a bank with an interest rate of 4.5% per year and he has no plans of…

A: From the given information, the principal investment is P=$4000, interest rate r=0.045, and n=1 and…

Q: What is the simple interest rate on a $1950 investment paying $513.83 interest in 8.5 years

A: Click to see the answer

Q: Farah borrows $1588 for 5 years at a simple-interest rate of 6%. Then the interest will be: $833.70…

A: in the given question we have to tell about the total intrest money given on$1588 at the simple…

Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

Q: A machine is valued at $10,000. If the depreciation at the end of each year is 40% of its value at…

A: Price at start of first year =$10000 depreciation every year = 40%

Q: Suppose you invest $3420 in an account that earns simple interest at an APR of 2.7%.Determine the…

A: Click to see the answer

Q: If you were investing money in an account and the interest rate was the same either way, would you…

A: If the same amount of money is deposited and the same rate of interest is applied then: Simple…

Q: John buys a stereo system for $640. He agrees to pay $32 a month for 2 years. Assuming that interest…

A: Click to see the answer

Q: You have $2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 23% Number of months (t) = 5…

Q: A bank loaned out $120000 part of it at the rate of 8% per year and the rest at rate of 12% per…

A: topic - percentage

Q: You invest $2,488 into a saving account that compounds interest monthly at a rate of 3.0%. How much…

A: Click to see the answer

Q: If $6000 is borrowed at 7.5% simple interest for 2 yr, _____ then the amount of interest is

A: The value of principal is P=$6000. The rate of interest is R=7.5%. The time is given by T=2 years.…

Q: You invest $4000 in an account that pays simple interest of 4​% for 10 years. The amount of money​…

A: We will use basic knowledge of simple interest formula and knowledge of basic arithmetic to solve…

Knowledge Booster
Calculus
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
  • Holt Mcdougal Larson Pre-algebra: Student Edition...
    Algebra
    ISBN:9780547587776
    Author:HOLT MCDOUGAL
    Publisher:HOLT MCDOUGAL
    Algebra for College Students
    Algebra
    ISBN:9781285195780
    Author:Jerome E. Kaufmann, Karen L. Schwitters
    Publisher:Cengage Learning
    Intermediate Algebra
    Algebra
    ISBN:9781285195728
    Author:Jerome E. Kaufmann, Karen L. Schwitters
    Publisher:Cengage Learning
  • College Algebra
    Algebra
    ISBN:9781938168383
    Author:Jay Abramson
    Publisher:OpenStax
  • Holt Mcdougal Larson Pre-algebra: Student Edition...
    Algebra
    ISBN:9780547587776
    Author:HOLT MCDOUGAL
    Publisher:HOLT MCDOUGAL
    Algebra for College Students
    Algebra
    ISBN:9781285195780
    Author:Jerome E. Kaufmann, Karen L. Schwitters
    Publisher:Cengage Learning
    Intermediate Algebra
    Algebra
    ISBN:9781285195728
    Author:Jerome E. Kaufmann, Karen L. Schwitters
    Publisher:Cengage Learning
    College Algebra
    Algebra
    ISBN:9781938168383
    Author:Jay Abramson
    Publisher:OpenStax