suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will be in the account in 9 months?

Q: At what nominal rate, compounded every 2 months, would $14,000.00 have to be invested to amount to…

A: Nominal rate = r 2 Months rate = r/6 = 0.166666666666667r Investment (PV) = $ 14000.00 Future value…

Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $14000 is invested…

A: Given information: Present value amount is $14,000 Number of years is 5 years Interest rate is 10%

Q: How much must you invest at 12% interest, compounding quarterly, in order to see your investment…

A: The amount of investment can be calculated by discounting the future value using the appropriate…

Q: $4000 is invested for a period of 5 years at a rate of 8%, compounded every 2 months. What will be…

A: Future Value The future value is the amount that will be received at the end of a certain period.…

Q: Suppose that $80,000 is invested at 7% interest. Find the amount money in the account after 5 years…

A: The given problem can be solved using FV function in excel. FV function computes amount value in…

Q: Suppose that 15 monthly payments of 100 each are followed by 10 monthly payments of 150 each. The…

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

Q: If $19,000 is invested at 3% compounded monthly, what is the amount after 4 years?

A: FUTURE VALUE is the value of current cashflow at the future date compounded at the specified rate.…

Q: If you invest $1700 in an account paying 7% compounded continuously, how much money will be in the…

A: Amount Invested = $1700 Interest Rate = 7% Interest Rate per week(r) = 7%/52 Number of weeks (n)= 65…

Q: How much time does it take for a $4,900 investment to grow to $8,100 in an account compounded…

A: FV = PV* (1 + r / n)nt Where, PV = Present value FV = Future value r = Rate of interest (percentage…

Q: Beautinator Cosmetics borrowed $152,300 from a bank for three years. If the quoted rate (APR) is…

A: Answer: Calculation of the effective annual rate (EAR): Formula of effective annual rate: EAR = (1+…

Q: How long would it take an amount of  $4,000 invested at an interest rate of 21 % per year,…

A: Given information: Present value is $4,000 Future value is $16,000 Interest rate is 21%

Q: suppose that $575.75 is invested in a savings account with an APR of 12% compounded monthly. What is…

A: Future value is the worth of the current amount in some future specified date at given interest…

Q: onths on an inve

A: Given , Earned= 265, Investment= 20,000.

Q: If $14,000 is borrowed for 2 months and $82 is paid, then the annual simple interest rate is ____

A: Interest = p * r * t Interest = $82 principal = $14,000 r = rate of interest  t = time in years = 2…

Q: If a sum of $3000 is borrowed for six months at 9 percent simple interest per year, what is the…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: Suppose that $1,000 is invested for 4 years at an interest rate of 12%, compounded quarterly. How…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: At what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13…

A: Interest is the amount charged on a loan or investment. It can be calculated by simple interest or…

Q: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…

A: Given: Present value = $19,000 Interest rate = 5% Years = 9

Q: What is the annual rate of interest if P265 is earned in four months on an investment of P15, 000?

A: Interest amount = P 265 Period = 4 Months = 4/12 = 1/3 Years Investment = P 15000

Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…

A: Answer -  Formula for Future Value - FV=PV(1+i)n,   Where, PV = Present Value i= Interest Rate n =…

Q: If $9,000 is invested at 6% per year compounded monthly, the future value S at any time t (in…

A: Future Value(FV) is value of any present amount in future period. It is computed by compounding that…

Q: Finance. Suppose that $7,700 is invested at 4.7% annual interest​ rate, compounded monthly. How…

A:

Q: Finance. Suppose that $4,300 is invested at 3.4% annual interest rate, compounded monthly. How much…

A: Given Information Present Value = $4,300 Interest rate =3.4% compounded monthly Time Period in Part…

Q: A total of $50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring…

A: monthly payment formula: monthly payment=p×rm1-1+rm-m×n where, r=rate p=principal m=frequency of…

Q: If 36,400 dollars is invested at an interest rate of 7 percent per year, find the value of the…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: How much must be invested today at 6% compounded quarterly to have $8,000 in 5 years? Round your…

A: For the above calculation, we need to use the following formula   A = P ( 1 + r / n )^nt   Where  A…

Q: How much money must be invested at 16% annually, compounded quarterly, to obtain $1,400 in three…

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

Q: If $ 30000 is invested at 8% interest per year, compounded continuously, how much will be in the…

A:

Q: How many months will it take to pay off a $705 debt, with monthly payments of $25 at the end of each…

A: EMI (EQUATED MONTHLY INSTALLMENT)- It is a fixed payment made by a borrowing party to the lending…

Q: Consider a floor that has a principal amount of $10 million. The tenor is 3 months, the life of the…

A: The London Interbank Offer Rate, as well as LIBOR, seems to be the interbank market's reference…

Q: How much must be deposited at the beginning of each month in an account that pays 6% compounded…

A: Monthly rate = 6%/12 = 0.5% Number of periods = 7*12 = 84 Future value required is $31,000 Find…

Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Finance. Suppose that $4,000 is invested at 4.6% annual interest rate, compounded monthly. How much…

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

Q: An investment of $30,000 is made. How long will it take to grow to $45,000 if the interest is a…

A: The investment is the allocation of money in financial instruments, property, etc. to earn the…

Q: What is the principal that will grow to $2600 in four years, one month at 4 5% compounded annualy?…

A: present value formula: present value =future value1+rnwhere,r=rate of interestn = number of years

Q: Calculate if $10,000 is invested at interest rate of 12% per annum, what is the amount after 3 years…

A: The provided information are: Present value (PV) = $10,000 Interest rate (r) = 12% = 0.12 Number of…

Q: Consider a principal amount of PhP 1,000 to be invested at a nominal rate of 12% compounded semi…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: If an investment grew to $15,000 in 2 years and the interest amount earned was $1,000, calculate the…

A: Investment means engaging your funds to earn some additional money over the period. interest is a…

Q: What interest will be earned if 4,000 dollars is invested for 4 years at an annual rate of 7%…

A: The interest will be the future value of the investment less the amount invested.

Q: Suppose that $6,000 is placed in a bank account at the end of each quarter over the next 10 years.…

A: Quarterly payment (Q) = $6000 n = 10 years = 40 quarters Interest rate = 13%

Q: Finance. Suppose that $6,000 is invested at 3.8% annual interest rate, compounded monthly. How much…

A: To calculate the future value we will use the below formula   Future value = PV*(1+r/m)t*m Where PV…