use the compound intrest formula for compounding more than once a year to determine the accumulated balance after the stated period  20000 deposit at an apr of 4.1 % with quarterly compounding for 34 years  that amount after 34 years will be ?

Q: Compute the future value of the following deposits made today: a. $10,000 at 6.75% compounding…

A: The future value of a certain deposit is the value of the deposit accumulated with interest. It is…

Q: Complete an amortization schedule for a $34,000 loan to be repaid in equal installments at the end…

A: Amortization means writing off of loan at regular and equal payment through out the loan period.…

Q: Explain how each of the following liabilities would be classified in the balance sheet:∙ A note…

A: Notes payable: Notes payable is the promissory note which has been issued by the company for their…

Q: A deposit of $11903 earned interest at 8% compounded quarterly. After 3 years, the interest rate is…

A: Compound interest refers to the amount which is added to the earned interest back into the balance…

Q: Use the appropriate formula to find the amortization payment you would need to make each 3 months at…

A: Amortization payment refers to that payment which is required to be paid to payoff the loan during…

Q: annual, semiannual, and quarterly compunding periods, (1) calculate the future value i f$4000 is…

A: Future value can be computed using FV function in excel. FV function computes interest rate for…

Q: Use Table 11-1 to calculate the compound amount (in $) on an investment of $5,500 at 8% interest,…

A: Principal amount invested now will become certain amount after certain period of time at specific…

Q: 13,000 deposit at an APR of 6% with quarterly compounding for 5 years.

A: Compound Interest is the amount of interest on interest on loan or deposit. In this method of…

Q: Assume an individual is wanting to determine the monthly deposits if after 1 year based on monthly…

A: Future Value = 12,336.42 6% Continuous Compounding

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

A: Given information : Investment amount $26,000 Time period (years) 7 Interest rate (Annual) 2%

Q: Find the amount at the end of 5 years and 4 months if P8,000 is invested at 93% compounded…

A: Invested amount is P8,000 Interest rate is 93% compounded quarterly Time period is 5year and 4…

Q: nual, semiannual, and quarterly compunding periods, (1) calculate the future value if $5000 is…

A: Future value can be computed using FV function in excel. FV function computes interest rate for…

Q: What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 22…

A: Each deposit (P)=40 Number of quarters (n)= 22 years*4 (quarter in year)= 88 Rate per quarter (I)=…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Deposit amount (P) = $ 12000 Period = 5 Years Number of quarterly period (N) = 5*4 = 20 Annual…

Q: Determine the accumulated value after 11 years of deposits of $278.00 made at the beginning of every…

A: Compound interest:- Compound interest is defined as the interest on loan or deposit, that can be…

Q: Contributions of $146.30 are made at the beginning of every three months into an RRSP for 17 years.…

A: Future worth is the amount that an investor expects from the cash flows in each period. Future worth…

Q: Find the future values of the ordinary annuities at the given annual rate r compounded as indicated.…

A: PMT = $340 r = 4.5% Number of compounding per year (m) = 2 Period (n) = 20 Years

Q: Find the amount at the end of 2 years and 6 months if P2,000 is invested at 71% compounded…

A: Invested amount (X) = P 2000 n = 2 years 6 months = 10 quarters r = 71% per annum = 17.75% per…

Q: If for the next 30 years you place OMR 3,610 in equal annual year-end-deposits into an account…

A: Future value of annual year end deposits is calculated by future value of ordinary annuity formula.…

Q: Find the interest rate for $9000 deposit accumulating to $9689, compounded annually for 6 years

A: Amount = Principal ( 1+i )^t i = is the interest rate per compounding period t = is the time period

Q: Find the compound amount for the deposit and the amount of interest earned. $6100 at 6.1% compounded…

A: Compund interest can be calculated by the following formula:  Compound interest = Compound Amount -…

Q: iannual, and quarterly compunding periods, (1) calculate the future value i f $10,000 is deposited…

A: Future value can be computed using FV function in excel. FV function computes interest rate for…

Q: Calculate the compounded interest after 7 years and 9 months if 500,000 is placed at an annual rate…

A: a) Amount invested (A) = 500,000 n = 7 years 9 months = 93 months r = 11.28% per annum = 0.94% per…

Q: how, secol deposit ears. During the first 10 years, the account earns interest quoted at 10 years…

A: In this future value of investment is to be calcualted.

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Here, Principal Amount (PV) is $13,000 Annual Interest Rate (r) is 3% Compounding Period (m) is…

Q: Use the appropriate formula to find the future value (in $) of $900 deposited at the beginning of…

A: The present value method is used to evaluate the different levels of investment projects. With the…

Q: Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for…

A: Nominal interest rate is the rate of return without considering the inflation rate or before…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Principal =13000 interest rate =5% quarterly interest =1.25 Period 8 years =32 quarters

Q: Find the compound interest accumulated on BD 14500 at the end 9 years if it is invested at 4%…

A: Compound interest is the interest earned on the principal as well as on the interest earned…

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

A: We need to use compound interest formula to calculate balance in the account after 14 years A…

Q: Dind the future value of $12,308 deposited at 10% compunded quarterly for 3 years. Round your answer…

A: Given that, Present Value (PV)=$12,308 Duration(n)=3*4=12 periods Rate of interest(i)=10%/4=2.5% or…

Q: The following installments were made: P1,213 as down payment, P2,009 at the end of one year, P2,609…

A:

Q: If the interest rate is 13% compunded semi-annually made on the account, and the obligations are…

A: Given Information: Interest rate - 13% compounded semi-annually Deposit - P13,521 Withdrawal -…

Q: A one-time investment is made in the amount of $9,200 for 15 years at an APR of 6%. Compound…

A: given, principal = $9200 rate = 6%

Q: If you make quarterly deposits for 3 years into an account that compounds interest at 1% per…

A: The formula of future value of an annuity:  FV =A × (1+r)n-1r  where  A = Annuity amount  FV =…

Q: What is the size of deposits made at the end of each period that will accumulate to $67200 after…

A: Formula: Size of deposits = P x [ 1 + R / T ] MT R = rate of interest M =Number of periods T =…

Q: Find the compound amount for the deposit. Round to the nearest cent. $1800 at 7% compounded…

A: Given, Principal =$1800  r=7% n=4 years

Q: Find the compound amount for the deposit and the amount of interest earned. $8800 at 4% compounded…

A: The compound amount can be calculated with the help of future value function

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

A: Compound interest is the interest you earn on interest.formula fro compound interest is=A(1+r)twhere…

Q: Consider the following cases: Amount of Compounding Initial Stated Annual Frequency, m Deposit Case…

A: Given information: The four cases are given for computation of future value at the end of the each…

Q: Complete the following using compound future value. (Use the Table provided.)     Time…

A: Compound interest: Compound interest is the interest earned on the principal amount, plus the…

Q: Contributions of $142.16 are made at the end of every quarter into an RRSP for 18 years. What is the…

A: Quarterly contribution (P) = $142.16 Period = 18 Years Quarterly periods (n) = 18*4 = 72 Interest…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 8% compounded…

A: An annuity is the fixed payment that an investor receives from an investment or fixed deposits made…

Q: Compute the nominal annual rate of interest compounded quarterly at which $300.00 paid at the end of…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: Determine the future value at the end of the final year if deposits are made into an account paying…

A: Future value is the expected value of current sum at a future date.

Q: Solve for the compound amount and compound interest at the end of 1 year if S7,000 is invested at 4%…

A: An interest rate method in which current interest is computed by multiplying the interest rate by…

Q: For ethe case shown in the following table, determine the amount of the equal, end of year deposits…

A: Future value (FV) = $ 130,00 Period (n) = 30 Annual interest (r) = 13%

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: The future value of the account can be computed by using the future value of a single deposit…