Money is deposited at the end of each week into an investment paying 2.6% interest compounded weekly. The balance after 3 years is $16,382.52. Calculate the rent of the increasing annuity (weekly payment amount).

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A: Introduction: Future value of an ordinary annuity can be defined as a metric which helps to know how…

Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following…

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Q: An investment of $1,050 is made in an account compounded semi-annually at 6.8%. How much will the…

A: It can be calculated using FV function in excel. FV (rate, nper, pmt, [Pv], [type]) Rate The…

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Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following…

A: So in the question asked, We will first list down the important details provided 1) Deposit Amount =…

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A: An annuity is a stream of equivalent periodic cash flows over a specific time duration. The future…

Q: A person wants to deposit $10,000 per year for 6 years. If interest is earned at the rate of 10…

A: We need to use future value of annuity formula to calculate amount after 6 years FVn =PMT(1+i)n -1i…

Q: If a deposit of $100 is made on the first day of each month into an account that pays 6% interest…

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Q: Php 15,000 is deposited every month for 2 years 8 months at 13% compounded monthly, what is the…

A: Annuity refers to the equal amount of payments/deposits made at equal time intervals for a definite…

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Q: An accountant is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A: The present value means the present value of the payment of the future. It generally tells us what…

Q: Calculate the future value of $15,000 received today and deposited for eight years in an account…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: An annuity with a cash value of $15,500 earns 7 % compounded semi-annually. End-of-period…

A:

Q: An annuity with a cash value of $14,000 earns 5% compounded semi-annually. End-of-period semi-annual…

A: Cash Value = $14,000 Interest Rate = 5% compounded semi annual

Q: If $19,000 is deposited in an account earning interest compounded weekly at 5.87% for 13 years, what…

A: Effective Rate of Interest: It is the annual rate on a loan or investment considering the effects…

Q: At the end of each quarter-year, for 6 years, $1,200 is deposited into an investment paying 3.4%…

A: At the end of each quarter-year, for 6 years, $1,200 is deposited into an investment paying 3.4%…

Q: Assume that you make quarterly payments of $650 into an annuity paying 8% interest compounded…

A: In this question we need to calculate the future value from following details: Quarterly payment =…

Q: The company sells products to a customer for $60,000 and will receive $15,000 at the end of the…

A: Time value of money is the concept that states that the value of money have more worth than the same…

Q: Betty Adams invested 3,000 pesos four times a year in an annuity due at Hicks and Marston…

A: The value of annuity can be calculated as the future value of ordinary annuity

Q: What sum of money must be deposited at the end of every 3 months into an account paying 3.7%…

A: Amount that need to be deposited in in 3moths can be calculated using the formula of the future…

Q: What is the accumulated amount of a 8-year annuity paying ₱ 4,300at the end of each year, with…

A: Using excel FV function

Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…

A: In this question payment per quarter has to be find out. Future value , rate of return and number of…

Q: $480 is deposited at the beginning of every 6 months into a savings account. This will continue for…

A: An account where deposit made by accountholder is credited and credit balance is added with interest…

Q: the beginning of each month, $200 is deposited into a retirement fund. The fund earns 6% annual…

A: Compound Interest: It is the amount which is included in the principal amount year to year till its…

Q: Find the final amount of money in an account if $7,400 is deposited at 7.5% interest compounded…

A: The interest rate compounds semi-annually. Hence, the interest rate that should be considered is…

Q: An annuity with a cash value of ​$12,000 pays ​$880 at the beginning of every three months. The…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Find the final amount of money in an account if $8,900 is deposited at 7% interest compounded…

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

Q: A certain annuity pays $108 at the end of every 3 months. If the present value of the annuity is…

A: Annuity means a set of a finite number of payments that are made in equal time intervals and the…

Q: An annuity that pays $950 at the end of each month for 18 years sells for $105,000 What was the…

A: Quarterly Compounded Nominal Interest Rate: Quarterly compounding outperforms semi-annual…

Q: For 8 years, $52 is deposited each week into an account that earns 2.1% interest, compounded weekly…

A: This question has two parts, First - $300 compounding every week for 8 years which is  simple…

Q: (a) To what sum will the investment grow at the time of the 10th deposit? (b) How much interest will…

A: Time value of money means the amount of money received today will be worth more than the amount of…

Q: An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quarter…

A: Given: P= $100,000 r= 12% compounded semi annually = 12%/2 = 6% = 0.06 Number of years= 2.5 years…

Q: Suppose that $30,000 is invested at 9% interest. Find the amount of money in the account after 7…

A: Future value of money is amount being deposited and amount of compounded interest accumulated over…

Q: Your bank pays 12% interest, compounded quarterly. How much should you deposit now to yield an…

A: Present value is the amount that should be deposited to the given yield at each of the three months.

Q: Find the accumulated value of an annuity due of $1500 payable at the beginning of every month for…

A: GivenP=$1500r=8%=0.0812n=9 years=9*12=108 monthswe have a…

Q: Deposits of $100 per week are made into an investment account that pays interest of 6% per year…

A: Given information: Deposit amount $100 per week Interest rate is 6% Compounded quarterly

Q: A 13-year annuity pays $1,400 per month, and payments are made at the end of each month. The…

A: The Present value of annuity can be calculated using PVfunction in excel.It can be divided into 2…

Q: A student will receive P 3,000 at the beginning of each 3 months for 4years. What is the sum of the…

A: Quarterly payment (P) = P 3,000 Period of payment = 4 Years Number of payments (n) = 4*4 = 16 Annual…

Q: Find the final amount of money in an account if $4,900 is deposited at 4.5% interest compounded…

A: Compounding is a technique through which FV of present amount is computed by using appropriate rate…

Q: find the present value of annuity due of 7,000 payable at the beginning of each quarter for six…

A: given, A= 7000 N = 6 M=4 R=14%

Q: A person plans to make a series of equal quarterly deposits of $1,500 each into a savings account,…

A: Equal Quaterly deposits are of $1,500 Interest rate is 6.5% compounded daily Time period is 10 years…

Q: What is the accumulated value of periodic deposits of $3,000 made into an investment fund at the…

A: Information Provided: Periodic payment = $3000 Interest rate = 4.75% compounded semi-annually Years…

Q: A 13-year annuity pays $1,200 per month, and payments are made at the end of each month. The…

A: Present value of annuity is the present value of all the periodic stream of cash flow that occur in…

Q: What sum of money must be deposited at the end of every three months into an account paying 3.7%…

A: The question has asked to calculate the end-of-quarter payment which signifies this is an ordinary…