The difference between the future values of a deposit accumulated for 15 years at a rate of 9.5% compounded per annum and the future value of same deposit over the same period at 7.75% compounded quarterly is OR 375. Find the deposit.

Q: year compounded yearly, find the value of the investment at each given time and round to the nearest…

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Q: An investment of $15,000 is growing at 5% compounded quarterly. Vinom a. Calculate the accumulated…

A: Accumulated amount=P(1+r100)n p=principle amount n=number of times interest compounded r= rate of…

Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…

A: According to the question: Given   that,Rater=18  %=18100=0.18Compounded  monthly⇒n=12A=50000Time…

Q: A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After…

A: we know the formula of future value  FV=PMT(1+i)n-1i where PMT - perodic payment  i - discount rate…

Q: at what rate of interest compounded semi-annually will 21,590.00 accumulated to 26,900.00 in 2 years

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Q: Suppose $500 is initially placed in a savings account and $500 is deposited at the end of every…

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Q: An investment of $14,000 is growing at 4% compounded quarterly. a. Calculate the maturity value of…

A: An investment of $14,000 is growing at 4% compounded quartely.

Q: In a certain account providing an interest rate of r compounded quarterly, 2500 is deposited every…

A: Given There are 2 cash flows "2500" with each occurring at the end of the quarter. The FV is given…

Q: How long will it take to save $20,000 by making deposits of $100 at the end of every month into an…

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Q: An employee contributes $350 each month to her 401(k). What will be the value of her 401(k) after…

A: From given, P = $350, i=12%12=1%=0.01,n=360. The amount after n deposits can be calculated by the…

Q: At what interest rate compounded semi-annually will P15,000.00 accumulate to P25,000.00 in 10 years?

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Q: 3. At a certain interest rate compounded annually, P100,000 will become P450,000 in 15 years. What…

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Q: If $11,000 is invested at 6% compounded quarterly, what is the amount after 4 years?

A: Please find attachment for the details solution

Q: The difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

A: Given the difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

Q: If the accumulated value of an investment that is growing at 4.79% compounded monthly is $89,843.55,…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

Q: 30 years with a) 6 % compounded monthly with no point 1 b) 6– % compounded monthly with 1 point: 4.…

A: Solution

Q: 2. If P6,780.00 is invested for ten years at an annual rate of 8% compounded semi-quarterly.…

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Q: at 10% compounded semiannually? 9. What are the future value and the interest earned if $3200 is…

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Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

A: Given an investment of $10,000 at the stated interest rate after the state amount of time. 1.5% per…

Q: 1. If P15,000 is deposited in an account that pays 5% compounded annually, how much will be in the…

A: 1. Given that, ₽15,000 is deposited in an account that pays 5% compounded annually. We have, P =…

Q: 9. Suppose that $20,000 is deposited into an account that earns 4% interest annually. Find the…

A: For this problem, principal amount is given as $20000, time t=10 years.

Q: An investment of $18,000 was growing at 6.5% compounded semi-annually. a. Calculate the accumulated…

A: In this question we have to find the following given Compound Interest.

Q: Find the present value of the given future payment at the specified interest rate. $5000 due in 40…

A: In the given question we have to find approximate present value.   According to our guidelines we…

Q: An investment of $13,000 was growing at 6.5% compounded quarterly. a. Calculate the accumulated…

A: Answers of the all above question is

Q: Find the present value of an annuity if $2,200.00 is paid to you at the end of every 2 months for 3…

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Q: Suppose that an insurance agent offers you a policy that will provide you with a yearly income of…

A: FV=PV*(1+i)n where FV= the future value, PV=the present value, i=the interest rate and n= the number…

Q: An investment of $13,000 was growing at 6.25% compounded quarterly. a. Calculate the future value of…

A: Investment (p) = $ 13000  Interest rate = 6.25%  a) find amount in 1 year  compounded quarterly  b)…

Q: The First National Bank is offering a 5-year certificate of deposit (CD) at 4% interest compounded…

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Q: What are the future value and the interest earned if $4000 is invested for 7 years at 8% compounded…

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Q: Suppose 20,000 is deposited into an account earning 205% annual interest. Find the balance at the…

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Q: Suppose Brianna invests $1,300 each year for 5 years, in an annuity that pays 6% annual interest,…

A: Given Suppose Brianna invests $1,300 each year for 5 years

Q: Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.…

A: Given: P=$1000r=0.85%=0.0085n=1t=4 Use the formula: A=P1+rnnt

Q: What are the future value and the interest earned if $4000 is invested for 6 years at 8% compounded…

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Q: A person wants to deposit $30,000 per year for 15 years. If interest is earned at the rate of 16%…

A: We will find out the the amount that will grow by the end of 15 years for all given conditions.

Q: If $1000 is invested at 7% compounded quarterly, what is the interest earned after: a) 5 years…

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Q: Suppose $10,000 is invested at an annual rate of 5% for 10 years. Find the future value if interest…

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Q: 4. Brian wishes his son to receive P500,000.00 twenty years from now. What amount should he invest…

A: Brain wishes fis son to receive P500,000.00 twenty years from now.

Q: A person wants to deposit $30,000 per year for 15 years. If interest is eamed at the rate of 16% per…

A: Given information: P=30,000 T=15 year R=16% Consider P is the principle, T is the time, R is the…

Q: What is the nominal annual rate of interest compounded semi-annually if a 3​-year loan of ​$3400 is…

A: Given that a 3 year loan of $3400 is repaid by semi-annual payments of $628 made at the end of every…

Q: 1. You can make a one-year investment at 7.8% compounded monthly, or 8.1 %compounded semi-annually.…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: It is desired to make an initial lump sum investment that will provide for a withdrawal of P 5000 at…

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Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

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Q: In a certain account providing an interest rate of r compounded quarterly, P2,500 is deposited every…

A: P= 2500 Amount after interest =5200 interest rate of r compounded quarterly n=4/yr

Q: 3. Mr. Greg Greedy deposits GHC56,000 into his savings account at Fairview Bank which attracts an…

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Q: An investment opportunity promises to pay off an amount of P1,000,000 seven years from now if one…

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Q: ou have set up a life annuity with a present value of $250,000. If your life expectancy at…

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Q: An investment of $17,000 was growing at 4.5% compounded quarterly. a. Calculate the future value of…

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Q: If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years…

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Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.