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## Related Finance Q&A

Find answers to questions asked by students like you.

Q: Ryan invests a sum of money in a retirement account with an annual interest rate of 7% compounded…

A: Annual interest rate is 7% Time period is 10 years Future value is 11,008.79 To Find: Initial…

Q: ohn invests a sum of money in a retirement account with a fixed annual interest rate of 2.63%…

A: The formula for computing present value:

Q: Jim invests $15,000 today into an account, If the amount in the account accumulates to $17,364.37 at…

A: The rate of interest can be computed with the help of future value function.

Q: On Juan’s 26th birthday, he invested $7,500 in a retirement account. Each year thereafter he…

A: A concept through which it is studied that the current worth of money is higher than its future…

Q: On Juan’s 26th birthday, he deposited $7,500 in a retirement account. Each year thereafter he…

A: formula for future value of annuity growth: FVAG=Pr-g×1+rn-1+gnwhere,p=first paymentr=rate of…

Q: On Juan's 26th birthday, he deposited $7,500 in a retirement account. Each year thereafter he…

A: The future value of a cash flow is the future worth of a cash flow at a certain rate of interest and…

Q: On Juan’s 26th birthday, he deposited $7,500 in a retirement account. Each year thereafter he…

A: Retirement amount (fixed) = $7,500 Number of deposits made = 35th deposit

Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…

A: Using the Future value function in excel

Q: Cameron opened an RRSP account and deposited $3,800 into it. He then deposited $800 at the end of…

A: Deposit now = $ 3800 Deposit at the end of year 1 = $ 800 Deposit at the end of year 2 = $ 475…

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Q: A man deposited $10,000 in a savings account when his son was born. The nominal interest rate was 8%…

A: The future value t is the estimated value of the deposit on a future date with an estimated interest…

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Q: Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money…

A: Solution: Calculating interest rate using future value and present value.

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Q: Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money…

A: Future value is the amount invested today at a particular rate for a particular investment horizon.

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Q: Juan's retirement fund has an accumulated amount of $50,000. If it has been earning interest at…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

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Q: Mr. Chua invest 45,000 into two different accounts which pay 7% and 8% annual interest. If he earned…

A: solution the rate of interest = 7% and 8% total amount invested =45000 we need to find out the…

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Q: Frank invests $ 2500 dollars into an account earning interest compounded quarterly. After 13 years…

A: Future Value = Present Value * (1+r)^n Where, r =rate per period n = no. of compounding period i.e.…

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Q: Lucas made a single deposit into a savings account. At the end of saving for 18 years, Lucas has…

A: We need to use continuous compounding formula to solve this problem A=P(e)rn where A=future…

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Q: Mark and John started investing at the same time. Mark makes payments of $20 at the end of each week…

A: Future value refers to the value of the investment at a future date. This includes the principal…

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Q: Andy invested a certain amount of money which he saves in account that earns 4% per year, compounded…

A: Present value of annuity payments of $3500 for 10 years at 4% is calculated as below:

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Q: Sam deposits 95,000 pesos every year end in an investment which pays a nominal annual rate of 7.65%…

A: Annual deposit (A) = 95000 pesos r = 7.65% compounded continuously n = 13 years

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Q: Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 10 years…

A: given, pv = $4500 fv = $5600 n =10 years m =4 (quarterly compounding)

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Q: On Juan’s 26th birthday, he invested $7,500 in a retirement account. Each year thereafter he…

A: Rate of interest=5%,0.05 Time=35 Number of years=10Amount=Principal1+rateyears…

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Q: On Juan’s 26th birthday, he invested $7,500 in a retirement account. Each year thereafter he…

A: Retirement planning is the process of determining retirement income goals, and the actions and…

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Q: On Juan’s 26th birthday, he invested $7,500 in a retirement account. Each year thereafter he…

A: Retirement planning is the process of determining retirement income goals, and the actions and…

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Q: Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end…

A: Deposit at year-0 = $ 2800 Deposit at year-1 = $ 900 Deposit at year-2 = $ 575 Interest rate = 2.20%…

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Q: Timothy invests $5,000 at 17% interest compounded daily for three years.How much does he have in the…

A: Future Value is the accumulated value with interest after a certain time period. Future Value…

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Q: 1) Gabriella invests $4,114 in a retirement account with a fixed annual interest rate of 4.87%…

A: Continuous compound interest rate is the interest that is calculated on the principal amount as well…

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Q: Bob has deposited $10,000 at the end of each year into a saving account for the last 12 years. His…

A: Future value: Value of $1 today is different, value of $1 in future. $1 today is more valuable than…

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Q: Anthony invested a sum of money 2 years ago in a savings account that has since paid interest at the…

A: Solution: FV = $25,789.88 r = 2%/ year n = 2 year Since, rate is compounded quarterly; number of…

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Q: Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded…

A: If money has been deposited in an account at the beginning of every period for a specified duration…

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Q: . Leo invested $67 250 into an annuity earning 4.4% compounded semi-annually. How much is he able to…

A: A series of fixed payments that are paid or received at an equal time interval is term as the…

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Q: Jennifer invests $2,400 at the end of each year for 11 years in an ordinary annuity at 10% interest…

A: Periodic Payment = $2,400 Time Period = 11 Years Interest Rate = 10%

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Q: If Jean invests $2300 in a retirement account with a 6% interestrate compounded annually, how long…

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

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Q: To prepare for his retirement in 13 years, Tekla deposited 10,000 in an account paying 9%. Nine…

A: We have certain age for retirement, and for that, we add an amount after some interval of time to be…

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Q: Timothy invests $5000 at 17% interest compounded daily for three years. How much does he have in the…

A: 17% interest compounded daily means the interest rate will be divided by 365 and n will be…

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Q: Meagan invests $1,200 each year in an IRA for 12 years in an account that earned 5% compounded…

A: The amount deposited each year = $1200 Interest Rate = 5% Compounded annually Years = 12 1st We need…

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Q: Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

A: Annual deposit (P) = $ 2000 Interest rate (r) = 8% Number of annual deposits (n) = 20

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Q: Amishi deposited $800, at the end of each six months for 19 years in a savings account. If the…

A: The future value of an annuity is the value of a series of equal payments each period calculated at…

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Q: An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

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Q: An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per…

A: Deposits= $100 Interest= 3.25% per year Period= 7 years

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Q: An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

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Q: Jordan purchased an annuity that had an interest rate of 4.00% compounded semi-annually. It provided…

A: In this we need to calculate effective rate and than find out present value factor and from that we…

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Q: Allison is 31years old and plans to retire at age 65 with $920,000 in her retirement account. What…

A: The amount required to deposit today can be calculated with the help of present value function.

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Q: Amishi deposited $600, at the end of each six months for 19 years in a savings account. If the…

A: The present value method is used to evaluate the different levels of investment projects. With the…

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Q: Regina Henry deposited $20,000 in a money market certificate that provides interest of 10%…

A: rate of interest = 10%/4 =2.5% time =3*4 = 12 Future value = Amount deposited x Future value factor…

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Q: Casey deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: Given information: Annual deposit of $1,100 at the end of every month Number of years is 8 Interest…

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Q: Casey deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: The question is based on the concept of future value of investment at different interest rate for…

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Q: Casey deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: Given information: Annual deposit of $1,100 at the end of every month Number of years is 8 Interest…

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Q: A person wishes to have $ 125,000 in an account for retirement 24 years from now. How much should be…

A: Amount Required after 24 years = $125000 Years(n) = 24 Interest Rate(r) = 7% Annual Deposit = P

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Q: Alex invested a certain amount to a business and promised to pay him back with 2.47 times his…

A: Click to see the answer

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Q: Steve decides to place his money into an account that compounds interest quarterly at the rate of…

A: Future Value(FV) is worth of current amount at future point that is computed by compounding current…