Use the compound interest formula to find the present value P, for the following given values. A=$13,000 i=0.07 n=89 P=$ ____ (round to the nearest cent)

Q: You deposit $3000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Since, there has been a deposit of $3000 in an account earning 2%interest compunded monthly. Our aim…

Q: Find the present value of the future amount of $12,000 for 10 months; money earns 3%. Assume 365…

A: To calculate the amount to be invested which wojuld result in the desired amount under the given…

Q: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

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Q: You deposit $2000 in an account with 3% annual compound interest. Complete the following, assuming…

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Q: At the age of 29, to save for retirement, you decide to deposit $50 at the end of each month in an…

A: Given:  P=$50 , R=5% =0.05 N=12 , T=65-29=36 a we will use the  formula: A=P 1+rnnt-1rn

Q: Appa deposits $2500 in an account earning 3.1% interest compounded monthly. How much will Appa have…

A: Use compound interest formula

Q: Use the future value formula to find the indicated value. FV = $4512; n= 15; i = 0.08; PMT = ? PMT =…

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Q: You invest $13,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

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Q: To establish a "rainy day" cash reserve account, a certain company deposits $12,000 of its profit at…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

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Q: If $19,000 is invested in an account for 15 years. Find the value of the investment at the end of 15…

A: Given that $19,000 is invested in an account for 15 years. We have to find value of the investment…

Q: You deposit $2000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: Given that:                     Principal amount, P=$2000Rate of interest, r=8%Time period, t=15

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: How many years will it take to exhaust an IRA of $190000 if you withdraw $2100 every month? Assume a…

A: give  rate of interest  r=9%  =0.09 i=912×1100  =0.09×112  =0.0075 money withdraw every month…

Q: A loan of $24,000 is made at 3.75% interest, compounded annually. After how many years will the…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

A: Solution :-

Q: Use the continuous compound interest formula to find the indicated value. A=$18,543; P=$10,500; t=72…

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Q: Use the continuous compound interest formula to find the indicated value. A= $6,800 r= 9.83% t=11…

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Q: This formula gives the balance_______, , in an account with principal ______and annual interest…

A: We have to complete the given statement, "This formula gives the balance_______, , in an account…

Q: Use the present value formula to determine the amount to be invested now, or the present value…

A: Given that, The desired accumulated amount =$85,000 compound semiannually interest rate=8% Number of…

Q: (a) If $1100 is borrowed at 9% interest, find the amounts due at the end of 3 years if the interest…

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Q: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

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Q: At the age of 30, to save for retirement, you decide to deposit $50 at the end of each month in an…

A: At the age of 30 you decided to deposit $50 , we have to find how much will he have at 65 years of…

Q: How much must be deposited in an account to have annual withdrawals of $ 1500 forever? Interest is…

A: To find - How much must be deposited in an account to have annual withdrawals of $ 1500 forever?…

Q: ind the present value, using the present value formula and a calculator. (Round your answer to the…

A: We know that present value formula Present value =Future value /(1+r)n Where r= rate of returns…

Q: Find the present value of $70,000 due in 6 years at the given rate of interest. (Use a 365-day year.…

A: Given, Future value A =$70000 rate of interest r =4%=0.04 Number of years t = 6 n = 365 Present…

Q: Use the compound-interest formula to find the account balance A, where P is principal, r is interest…

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Q: evaluate the compound interest formula I=P(1+r/n)nt using the given values of the variables. Round…

A: P=$1,115 , r=0.036 ,n=2, t=7 Then Amount is given by

Q: You deposit $1500 in an account with 5% annual compound interest. Complete the following, assuming…

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Q: An account is opened with an initial deposit of $5700 and earns 1.9% interest, compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  P=5700 r=1.9%=0.019 t=0…

Q: If $6,000 is invested in an account for 20 years. Find the value of the investment at the end of 20…

A: (a) Given that, the initial investment is P=$6,000, time is t=20 years and the interest rate is 5%.…

Q: You invest $15,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

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Q: Find the interest earned: $7,500 for 15 years at 10% annual compound interest

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Q: Find the present value, using the present value formula and a calculator. (Round your answer to the…

A: Answer:-  Amount to be achieved =$5000 Time=3years Simple interest=4.5%=4.5/100=0.045

Q: Find the present value, using the present value formula and a calculator. (Round your answer to the…

A: Present value: The present value formula is given by PV=FV1+rn where FV is the future value, r is…

Q: Use the continuous compound interest formula to find the indicated value. A = $16,346; P = $10,100;…

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Q: Find the present value, using the present value formula and a calculator. (Round your answer to the…

A: The future value is FV=$8000. The rate of interest is r=2.5%=0.025 and the time period is t=3 years.

Q: You deposit $2000 in an account earning 4% interest compounded quarterly. How much will you have in…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Given information:Accumulated amount (A)= $120,000Rate of interest (r) = 4% = 0.04Number of years…

Q: Use the present value formula to determine the amount to be invested now, or the present value…

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Q: Complete the following using compound future value. (Use the Table provided.) (Round your answers to…

A: Given information Principal amount P=$16,500 Interest rate r=4% ⇒r=4100=0.04 And time t=10 years Use…

Q: Find the present value, using the present value formula and a calculator. (Round your answer to the…

A: Given that the amount to be achieved (A)= $ 6000   Time (t) = 3 years   Simple interest (r) = 4.5 %…

Q: Es A loan of $15,000 is made at 8% interest, compounded annually. After how many years will the…

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Q: Use the compound interest formulas to a. calculate the total amount in the account after the given…

A: As per our guidelines we can answer to a maximum of 1 question. Kindly repost the remaining…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A: This question is based on Compound interest.

Q: Use the appropriate compound interest formula to compute the balance in the account after the stated…

A: ​$15,000 is invested for 8 years with an APR of 2​%and quarterly compounding