Use the present value formula to determine the amount to be invested​ now, or the present value needed The desired accumulated amount is $40,000 after 12 years invested in an account with 2.2​% interest compounded monthly. The amount to be invested​ now, or the present value​ needed, is ​$__ Round to the nearest cent as needed

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: Use the compound interest formula P = A(1 + i)n, where A is the original value of an investment, i…

A: The given equation is

Q: Assume that we invest $3000 for one year in a savings account that pays an APR of 10% compounded…

A: Assume that we invest $3000 for one year in a savings account that pays an APR of 10% compounded…

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

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

A: Answer: Compound intrest formula is given by  A=P(1+rn)nt Where  A- Future Value P= present value…

Q: Use the present Valua formula to det mine the amount to e invested now, or the present value needed.…

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

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Q: semiannually

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

Q: A = P(1 +* Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account…

A: The amount of money deposit in account is $475. The time period for the deposit amount is 15 years.…

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: In the formula A(1) = P(1 + )" for compound interest the letters P, r, n, and t stand for…

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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: A company has borrowed $500,000. The loan is to be repaid in quarterly payments over 20 years.…

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Q: Finance. A person wishes to have $28,300 cash for a new car 7 years from now. How much should be…

A: To find amount invested to get amount $28,300 after 7 years, if the account pays 4.1% annual…

Q: Find the amount of money

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

A: We have to find the present value

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

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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: Determine the value of an account at the end of 10 years of a principle amount of $16000 is…

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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: Use the compound interest formula to compute the total amount accumulated and the interest earned.…

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Q: A radio commercial for a loan company states: "You only pay 25¢ a day for each $500 borrowed." If…

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Q: You deposit $1100 in an account with 5% annual compound interest. Complete the following, assuming…

A: Given query is to find the time rate of change of amount will be $170 per year.

Q: nt Use the formula A P(1+ )" to find the total amount of money accumulated for an initial investment…

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

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Q: You deposit $2000 in an account with 4% annual compound interest. Complete the following, assuming…

A: Given; P=$2,000 r=4%=0.04A=$150n=1 (compouned annually)  Formula used:   A=P1+rnnt

Q: Td the present valun of $7000 payable at the end of 2 years, lf money may be invested at 4% with…

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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: A credit card charge 29% p.a interest compounded daily. Assuming that you borrow $3000 on the credit…

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Q: Use the compound interest formula to compute the total amount accumulated and the interest earned.…

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

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

A: The present value formula to determine the  amount to be invested now or the present value needed…

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

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Q: the compound interest formula to show that the time it takes for an investment to double in value…

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

A: Present value formula: P= F / [1+(r/c)]ct Where P= present value       F= future value…

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: 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: You charge $2500 to a credit card. Use the compound interest formula to find the new amount you'll…

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

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Q: You want to withdraw $600 each month for the next 15 years from an account that earns 5% annual…

A: Intrest formulae for compounding monthly is given below