Use the present value formula to determine the amount to be invested​ now, or the present value needed. The desired accumulated amount is ​$150,000 after 3 years invested in an account with 8​% interest compounded quarterly.The amount to be invested​ now, or the present value​ needed, is ​$___ Round to the nearest cent as needed

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: Use the formula for the value of an annuity to solve:To offer scholarship funds to children of…

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Q: How much would you need to deposit in an account now in order to have $3000 in the account in 5…

A: From the provided information is  Present value=Amount*(1+rate)-period  PV=3000*(1+(0.066))-6*5…

Q: Find the final amount of money in an account if $5,000 is deposited at 4.5% interest compounded…

A: As we have to find final value for compunded quarterly we have to take n as 4 if it is annually then…

Q: semiannually

A: To find the amount we have to double time and rate half, to find amount semiannually. Please rate…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

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

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Q: Find the final amount of money in an account if $6, 500 is deposited at 2.5 % interest compounded…

A: Let's find.

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

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

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

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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 compound-interest formula to find the account balance A with the given conditions, where P =…

A: Consider the table:   P r Compounded n  t  A    $ 120,000 3.5 Annually   9…

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: Find the amount of money owed at the end of five years if 30,000 is borrowed at 7% per year…

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Q: Use the compound interest formula to determine the accumulated balance after the stated period.…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

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Q: Find the final amount of money in an account if $4,000 is deposited at 2%interest compounded…

A: compounded annualy , final amount = ?

Q: Use the compound interest formula to determine the accumulated balance after the stated period.…

A: Given query is to find the amount after indicated time.

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: Use the formula for present value of money to calculate the amount you need to invest now in one…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: To solve the following problem when compounded anually.

Q: $14,000 at 10% compounded semiannually for 9 years final accumulated amount     $   total interest…

A: Where P=principal amount              r=interest rate              n=number of days in a year (365)…

Q: In order to help pay for college, the grandparents of a child invest $2450 in a bond that pays 15%…

A: Given Principal amount,P=2450 Rate of interest,i=15% Time in years,t=5.5years Number of times…

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

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

A: Concept Used: Compound interest : A=P1+rnnt Where, P - The principal , amount invested A- The new…

Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

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Q: compounded quarterly

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

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

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Q: Find the accumulated value of aninvestmen of $10,000 for 5 years at an interest rate of 5.5%…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

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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: How much would you need to deposit in an account now in order to have $4000 in the account in 15…

A: Compound Interest Formula:  A=P1+rnnt where A = Amount            P= Principal            r = Annual…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Given: N = 15 Years P15 = $6000 r = 5% = 0.05 k = 1 P0 = ? Formula Used: PN = P01+rkNk PN = Balance…

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

A: Recall the following fact.

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: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

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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: Use the compound interest formula to determine the accumulated balance after the stated period.…

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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: Find the amount of money owed at the end of 5 years if $40,000 is borrowed at 5% per year compounded…

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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: determine the accumulated balance after the stated period.   ​$6000 invested at an APR of 7​% for 8…

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

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Q: What is the amount of money (P) that must be deposited in an account that pays 1% annual interest,…

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