Manuel Rios wishes to determine how long it will take an initial deposit of $10,000 to double. If Manuel earns 10% annual interest on the deposit, how long will it take for him to double his money? How long will it take if he earns only 7% annual interest? c. How long will it take if he can earn 12% annual interest? Reviewing your findings in parts a, b, and c, indicate what relationship exists between the interest rate and the amount of time it will take Manuel to double his money.

Q: If you deposit 500 pesos at the end of each year for 3 years into an annuity that pays 5% annual…

A: An annuity is a contract between you and an insurance company in which you pay a lump-sum payment or…

Q: You need to turn $11,827 dollars into $18,864 dollars in 7 years.  Assuming you make no extra…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

Q: Chester hopes to earn $1200 in interest in 2.5years time from $60,000 that he has available to…

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

Q: A depositor currently has $6,000 and plans to invest it in an account that accrues interest…

A: Formula: Future value = Present value x ( 1 + r )N R = Rate of interest N = Number of years

Q: Mark deposits $50,000 now into an account which will eam interest at a rate of 7% per year, how much…

A: Present value = $50,000 Interest rate = 7% Number of years = 4

Q: You would like to have ​$   59,000 in   15 years.  To accumulate this​ amount, you plan to…

A: The concept of time value of money tells us that worth of money keeps on changing with passage of…

Q: If you make quarterly deposits of $415.00 into an ordinary annuity earning an annual interest rate…

A: Future value of an annuity depends on the regular payments and interest rate applicable on the…

Q: If you deposit 6,000 pesos in an account that pays 4.5 simple interest, how much will you have in…

A: As per bartleby guidelines,  "Since you have asked multiple questions, we will solve the first…

Q: You deposit $4,000 today in a bank that promises to pay an annual interest of 8%? a. What is future…

A: (1) (a.) FV =PV*(1+r)^n =4000*(1+8%)^12 =10072.68 (b.) If rate =8% with monthly compounding FV…

Q: Evaristo would like to invest N$ 12 500 a month at the beginning of each month at an interest rate…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the future value of $1,000 in five years at 8% interest paid semi annually ? Paid quarterly?…

A: Future value is an amount reccievable in future(after certain period)  by investing today. Formula…

Q: Manuel Rios wishes to determine how long it will take an initial deposit of $10,000 to double. If…

A: Therefore, the maturity period is 7.27 years.

Q: Assume you deposit $5,900 at the end of each year into an account paying 11.75 percent interest.…

A: Annual deposit (P) = $ 5900 Annual interest rate (r) = 11.75%

Q: Jenny puts $200 into a savings account today, the account pays an annual interest rate of 5%, but…

A: Compound interest: Compound interest (also known as compounding interest) is the interest on a loan…

Q: t gave her an option to pay P10,000 monthly for 1 year. The first payment is due after 6 months. How…

A: Given : Emma availed a cash loan that gave her an option to pay P10,000 monthly for 1 year first…

Q: You plan to deposit $4,900 at the end of each of the next 15 years into an account paying 11.3…

A: Solution- Given that P=$4900 r=11.3% n=15 years Future value of Annuity- =P * [ (1+r)^n -1] /r

Q: Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of…

A: Here, Interest rate =15% compounded annually To Find: Future value at the end of 5 years =?

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest…

A: Future Value = $800,000 Time period = 25 years  Interest rate = 7%

Q: A man plans to take a vacation in 5 years. He wants to buy a certificate of deposit for $1300 that…

A: To calculate the simple interest rate we will use the below formula   Interest rate = [(A-P)/P]/T…

Q: An investor may deposit $2,000 into both a traditional IRA and a Roth IRA. After 30 years, given a…

A: Investment means engaging the funds to generate income for the coming time. Compounding is a way to…

Q: Suppose you put $200 into a bank account at the annual interest rate of 7%.  *Round your answer to…

A: In this we have to find the future value of given value.

Q: Dixie Bank offers a certificate of deposit with an option to select your own investment period.…

A: Answer: Given, PV =$8000 Interest rate (i) =5.5% FV= Present value* (1+interest rate)^number of…

Q: Jean-Rene wants to make a lump-sum deposit today such that at the end of every three months for the…

A: Given Information: Interest rate = 8.75% compounded semi-annually Lump-sum payment = $10,000 Payment…

Q: to borrow PHP 1.7M from a bank and plans to repay the same amount in 8 years. If the bank charges…

A: Concept of Bank Loan  Bank borrowing and amortisation

Q: Suppose that you’d like to retire in 40 years and you want to have a future value of $ 900000 in a…

A: APR: The annual interest rate that is charged to the borrowers is known as the annual percentage…

Q: Suppose we are going to make monthly deposits in to an account with an annual interest rate of 4.1%…

A:

Q: Roland just put RM1,000 in the fixed deposit and intend to leave it there for 10 years. If the bank…

A: Investment amount = RM 1,000 Annual interest rate = 16% Semi annual interest rate = 16%/2 = 8%…

Q: Mr Ramos wants to accumulate Php100,000 in 5 years. He wants to deposit a regular amount at the end…

A: Given, The amount to be accumulated is Php 100,000 Number of years is 5 years Rate is 12%

Q: Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest compounded…

A: Deposit $12,000 a)Calculate future value compounded annually 6% for 7 years.b).Calculate Future…

Q: Your cousin has asked for your advice on whether or not to buy a bond for $995, which will make one…

A: Here, Buying Price of Bond is $995 One Time Payment after 5 years is $1,200 Time Period is 5 years

Q: Avishek is saving up to buy a boat. He will make deposits of $787.50 at the end of every two weeks.…

A: The annuity payments that are made at the beginning of the year are called annuity due and the…

Q: John wants to borrow 75,800 from a bank payable in 3 years and 9 months. if the bank charges 9.5%…

A: Note:  It is assumed that the loan is given on a simple interest rate basis. Simple Interest refers…

Q: Suppose you deposit shs 5,000,000 into an account earning 4 percent interest, compounded monthly. a)…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: Hong is going to invest to help with a down payment on a home. How much would he have to invest to…

A: The amount required to invest today can be calculated as present value of future amount

Q: Rob wants to save $100,000 over the next 20 years. He will make regular month-end deposits of $200…

A: Given Information: Annuity = $200  Time Period =20 years *12 =240 months(As periods are monthly)…

Q: Compute the future value of a $1500 deposit, after eight years, in an account that pays an interest…

A: Future value can be determined by compounding the present value.

Q: Bozo decides to take out a loan for $50,000 for 5 years at 7% monthly. If he pays an extra $200 per…

A: The periodic payment is the amount that will be paid every period until the loan amortized which…

Q: Mark deposits $40,000 now into an account which will earn interest at a rate of 8% per year, how…

A: Present value of annuity concept is used to calculate the annual withdrawal amount.

Q: If you deposit ​$3,500today into an account earning an annual rate of return of 11​percent, what…

A: Rate of return (r) = 0.11 or 11% Initial deposit (I) = $3,500 Future value (FV) = ?   Future value…

Q: ants to make a few deposits so that she can withdraw $5000 per year at the end of each year for the…

A: Investment: It is the amount which is invested by the individual into the bank to earn interest…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 a…

A: Amount deposit today is calculated by adding the present value of all the cash flows.

Q: If you invest $1,000 in an account that pays an annual interest rate of 6.4%, compounded monthly,…

A: Computation:

Q: Boris wants to save $27,000.00 for the down payment on a house. He already has $2,700.00, and he…

A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: A man plans to take a vacation in 4 years. He wants to buy a certificate of deposit for $1200 that…

A: We need to use compound interest formula to solve this problem A=P(1+r)n Where A =Amount/Final…

Q: You invest $1,000 in a certificate of deposit that matures after 10 yaers and pays 5 percent…

A: Principal amount (P)=$1,000 No. of years (n)=10  Interest rate (r)=5% (compounded annually) A.…

Q: Keira wants to invest $4,300 in an account with an interest rate of 7.2% that is compounded MONTHLY.…

A: Information provided: Term = 9 years Interest rate = 7.2% compounded monthly Principal = $4300…

Q: You would like to have ​$53,000 in 13 years. To accumulate this​ amount, you plan to deposit an…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: If you want to earn 8% annual simple interest on an investment, how much should you pay for a note…

A: Interest rate (r) = 8% Period (t) = 2 Months Maturity value (FV) = $ 11,100 Amount should pay now =…