Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have at the end of five years?

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A:

Q: Interest earned with an annuity due is higher than that with an ordinary annuity. Do you agree or…

A: An annuity is a series of payments paid or received over a defined length of time. The timing of the…

Q: 22. You deposited $15,000 in a savings account five years ago. The account has earned 5.25% interest…

A: here we calculate the money is in the account today by using the formula which are as follow-

Q: 1. Twenty percent when compounded quarterly will have an effective rate of

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

Q: How long will it take for $5,000 to double when invested at 8% compounded quarterly?

A: Formula for compound interest is A = P(1=r/n)^(tn) Where n is the compounding frequency P is the…

Q: How long in years will money double its amount if invested at 10% simple interest?

A: Given interest r= 10%

Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…

A:

Q: In simple interest, the interest for the current period is computed based on the amount (principal…

A: When some amount is deposited in the bank as a principal, the bank pays interest to the savers…

Q: Write the formula developed for calculating compound interest?

A: Compound interest refers to the interest calculated on the principle amount, thus increasing the…

Q: An investor needs 41,000 in 15 years. What amount should be deposited in a fund at the end of each…

A: Fund: It refers to the amount of that is deposited by people at various places that provides them…

Q: How much money do you need to deposit in a bank each month if you are planning to have $5000 in four…

A:

Q: When investing or saving money for retirement, which type of interest would benefit the most from?…

A: When investing or saving money for retirement which type of interest would benefit the most from?…

Q: A loan amounting to ₱ 1,000,000.00 is to be paid within 5 years. If the bank offers 12% nominal rate…

A: Equivalence Monthly Installments or EMI is defined as a method used to repay a loan with easy…

Q: Summarizes some of the interest formulas?

A: Simple interest = (P*R*T)/100 where, P : Principal amount            R : Rate of interest per annum…

Q: How many years will it take an investment to triple if the interest rate is 8%compounded?

A: The rule of 115 can be used to calculate the number of years that take an investment to triple.

Q: How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity…

A: The interest rate is the amount a lender charges a borrower and is a percentage of the principal the…

Q: How much loan will be extinguished for a monthly amortization of ₱4,500 at 12% interest compounded…

A: Formula to be used: Compound interest (PN)=PO1+rKNKPN=Balance after n yearsN=YearsPO=Principal…

Q: Which of the following is the preferable interest rate for investing your money? (i) 12% Compounded…

A: Given: Interest rate (r)=12%

Q: 1. Accumulate P 3,000 for 9 years at 6 percent interest compounded quarterly. How much is the…

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

Q: What is the accumulated amount of a 10-year annuity paying ₱ 1,744 at the end of each year, with…

A: Given information: Time, n = 10 years Annuity = 1744 Interest amount, r = 4%

Q: You are borrowing $500,000 to buy a house. The interest rate is 4% compounded monthly.  What is…

A: The per month payment is calculated by the following formula: PV=PMTi1-11+in where, PV= Amount of…

Q: Find the interest on the loan if Tim borrows $10,000 for years at a simple interest of 10%.

A: The investors as well as consumers borrow or take loans funds from banks for investment or for…

Q: Does the compounding increases the amount of interest paid over a year atthe same nominal interest…

A: The interest rate is the income earned by the investment in the economy. When the money is invested…

Q: To have a total of $10,000 after 8 years, what principal do you have to deposit in a 4.5 percent…

A:

Q: If the interest rate is 7.0%, what is the present value of a perpetuity paying $210 per year? (A…

A: Present Value of perpetuity-Perpetuity is used in accounting and finance, represents  a business or…

Q: How many years will it take an investment to triple if the interest rate is 8% compounded…

A: Compound interest refers to the adding of interest to the principle amount of a loan or deposit, or…

Q: How many quarters will it take to triple an initial investment at an interest rate of 14% compounded…

A: The interest rate is the amount a lender charges a borrower and is a percentage of the…

Q: How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000…

A: In economics, interest refers to the amount paid in excess of the principal amount by the borrower…

Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How…

A: Given: Amount at retirement=$600,000Time=25 yearsRate of interest=0.10

Q: Mr. Mallari borrowed P200, 000. The terms of the loan are 10% interest for 10 years with uniform…

A: Borrowed = 200,000 interest rate = 10% time Period = 10 year

Q: Rashed wants to make his investment triple its value at the end of twelve (12) years’ time. What…

A: We need to assume some terms such as interest rate , principle amount and then nee dto calculate the…

Q: . Irish is offered to invest in a business firm that will make her money earn 6% compounded

A: Bio monthly has two meaning one is twice in one month or happening every  two months .  Here i…

Q: Lia wishes to have $3000 after 3 years in an account that draws 6% nominal interest compounded…

A: In this question we have to find out the principal value with the help of the above information.

Q: Jesse wanted to double his money at 3% annual interest compounded monthly. How long will it take to…

A:

Q: How much is accumulated in each of the savings plans over two years? a. Deposit €1300 today at 10…

A: Compounded annually formula: A = P (1 + r)t Where A is the future value P is the principal amount…

Q: accounts. How much will Mr. Jones have in his savings account in thirteen years if $50,000 is put in…

A:

Q: Future value) Leslie Mosallam, who recently sold her Porsche, placed $11,000 in a savings account…

A: here we calculate the future value at different year which are as follow-

Q: What is the accumulated value of a $25 payment to be made at the beginning of each of the next three…

A: PMT = 25 n = 3 r = 9%

Q: Find the present worth of a perpetuity of 1,000 annual payments with interest of 6%

A: According to the question, perpetuity is of 1000   at the interest rate 1% Present value is the…

Q: How much should you put into 6% saving account in order to have 100,000 in five years?

A: *Answer:

Q: Suppose you deposit $35,000 in an account today that pays 3.78% interest, compounded annually. How…

A: The  compound interest adds the interest acquired on a time period to the principal amount and the…

Q: Discuss and illustrate the different types of annuity.

A: Annuity refers to the contract between an individual and the insurance company where the individual…

Q: How long would it take an investment to triple if the interest rate is 6% compounded annually?

A: Answer  Given in the question - Interest rate = 6% =  0.06 Need to find -  Time for investment to…

Q: A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years…

A:

Q: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…

A: Given values in the questions: Payment made quaterly = $5000  The time period for which the payment…

Q: What interest compounded monthly is equivalent to an interest rate of 78.9% compounded. quarterly?

A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…

Q: What interest compounded 10 times a year is equivalent to an interest rate of 5% compounded…

A: Compounding Interest rate = 5% quaterly

Q: How much should you put in a 10% savings account in order to have P20,000 in five years?

A: Given information: Future value (F)= P20,000 interest rate (r)= 10% time period (t)=5 years To…