Time Required to Reach a Goal If Tanisha has $100 tc invest at 4% per annum compounded monthly, how long will it be before she has $150? If the compounding is continuous. how long will it be?

Q: Your friend plans to invest $1,000 per month into an account expected to have an effective annual…

A: Here, EAR is 6.2% Monthly payment (PMT) is $1,000 Required Amount (FV) is $100,000

Q: an investor paid$58000 for an investment. he will get$5780,for every 2 years(forever). what is his…

A: 5780= [58000×{(1+r)^no. of years)}]-58000 5780= [58000×{(1+r)}]-58000 [{(5780+58000)÷58000}-1]÷2…

Q: If Anna’s investment of $900, grows to $1100 over 2 years, what simple interest rate does this…

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

Q: Citra expects to receive RM50,000 in 2 years. Her opportunity cost is 10% compounded monthly. What…

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

Q: You are considering an investment costing $300,000. If you want to recover the initial investment,…

A: Formula:

Q: If you'd like to have $5,000,000 at retirement in 45 years and you expect to earn 10% annually,…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: Jason plans on investing $325 monthly into a vehicle that will earn 10.48% for 8 years. At the end…

A: Investing is the process of allocating capital, typically money, in the hopes of making a profit or…

Q: If you have $4500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…

A: Amount available now (PV) = $4500 Period = 10 Years Monthly period (n) = 10*12 = 120 Interest rate =…

Q: You are told that if you invest $11,100 per year for 19 years (all payments made at the beginning of…

A: Present Value (PV) is current value of amount to be transacted in future. It is computed…

Q: Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the…

A: Future Value = Present Value (1 + g)n

Q: You want to invest a lump sum at 5% interest so as to have $100,000 in 20 years. If you find an…

A: The Present Value of a lump sum: The Present Value of a lump sum can be computed with the formula:

Q: Suppose Stephen has an account that will grow to $455,000.00 in 21 years. It grows at 6.7% annual…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Assume you have $1600 to invest in a 4 year CD with an APR 2.8% compounded daily. When the CD…

A: Certificate of deposit (CD) A certificate of deposit (CD) is a type of savings account where the…

Q: How much will I have 8 years from now, if I will invest $10398 at the end of each three months for…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: You need $32,000 at the end of 10 years. If you can earn 0.625% per month, how much would you need…

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

Q: Would you prefer making a $25,000 investment that will earn interest at the rate of 6 percent…

A: Given: Investment amount is $25,000 The rate of 6 percent The calculation is shown below as,

Q: Your plan is to have $40,000 in your account, 13 years from today. You can invest in an account that…

A: Future value required (FV) $40,000 Interest rate = 8.05% Monthly interest rate (r) = 8.05%/12 =…

Q: How much will I have 8 years from now, if I will invest P10,741 at the end of cach three months for…

A: Quarterly investment = P 10,741 Period = 3 Years Number of quarterly payments = 3*4 = 12 Annual…

Q: You put $350 per month in an investment plan that pays an APR of 2.5%. How much money will you have…

A: Monthly investment (P) = $ 350 APR = 2.5% Monthly interest rate (r) = 2.5%/12 = 0.20833333333%…

Q: Susan Bertrees can invest $12,000 at 2% interest compounded twice a year or compounded quarterly. If…

A: The difference between the interest can be computed by calculating the difference in future value of…

Q: How much should you invest each month in order to have $800,000 if your rate of return is 7.5%…

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

Q: How much is the annual interest rate, assuming compounding annually Molly should aim at if she…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: your rate of return is 3.5% compounded and you want to achieve your goal in 40 years? ch interest…

A: In this we have to calculate future value FACTOR and than from that one can get required deposits…

Q: How much investment must be made if it is desired to have Php 550, 800 after five years with an…

A: According to the principle of present value, any amount of money in the now is worth more than the…

Q: how much will your investment be worth after the last $385 payment is made? (b) What will be the…

A: Future value is the value of an asset possessed by an investor whose value grows and is measured at…

Q: (Solving for n with nonannual periods) About how many years would it take for your investment to…

A: In the given question we require to calculate the the number of years that make the investment…

Q: An investment product offers a monthly rate of return of 5%. If Amy invests $1,000 today for this…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3½ years? *

A: Present value method is used to evaluate the different level of investment projects. With the help…

Q: invest

A: Formula to calculate present value or amount to be invested now in compound interest is: PV =…

Q: How much is the present value of your investment if you invest P2,000 semi-annually at the start of…

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

Q: You want to save for a down payment on a new home in the future. You can invest $225 at the end of…

A: We need to use future value of annuity formula to calculate amount of saving at the end of 5 year…

Q: Suppose Kylie has an account that will grow to $382,000.00 in 16 years. It grows at 6.4% annual…

A: Given: Years = 16 future value = $382,000 Future value required = $559,000 Interest rate = 6.4%

Q: Miko has P250,000 to invest at 6% compounded monthly. Find the maturity value if he invest for (a) 2…

A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a…

Q: A person invest $20000 in a project and earn 20 percent per annum continuously. Calculate; (a) the…

A: Time value of money is the concept that is used in finance for evaluating the worth of money…

Q: You invest $17,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

A: Higher the frequency of compounding, higher would be the interest income

Q: How much will your investment be worth eight years from now? Can the excel and calculator solutions…

A: Information Provided: Interest rate = 6.5% Amount to be received (Year 2) = $5000 Term = 10 years

Q: How much will I have 8 years from now, if I will invest P10,765 at the end of each three months for…

A: Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Q: An investment is expected to pay a return of $5,250 semi-annually (i.e. at the end of each six…

A: Effective interest rate is the return an investor will earn during the span of their investment…

Q: How much is the present value of your investment if you invest P2,000 semi-annually at start of…

A: The present value of annuity due is the present value of a series of cash payments that are expected…

Q: What root did you have to use to solve this

A: using information we get n= 4*12=48 1000= 250(1+r)^48 1000= 250(1+r)^48 (1+r)^48= 4 48log(1+r)= log4…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.