What is the future value of a $1000 dollar CD invested at a rate of 4.5% that earned simple interest for 9 years?
Q: According to the Federal Reserve, from 1971 until 2014, the U.S. benchmark interest rate averaged…
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Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…
A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn
Q: What are the future value and the interest earned if $3800 is invested for 3 years at 8% compounded…
A: The formula for future value is as follows. FV=PV1+rnPV is the present valuer is the rate of…
Q: Verne deposited $5000 into a savings account that earns 4.5% simple interest each year calculated…
A: Given P = $ 5000 r = 4.5 % = 0.045 t = 12 years
Q: If $34,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the…
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Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…
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Q: What are the future value and the interest earned if $3200 is invested for 4 years at 8% compounded…
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Q: What are the future value and the interest earned if $3000 is invested for 6 years at 8% compounded…
A: The future value of an amount P invested at interest rate r (in decimals), compounded n times per…
Q: 3. Find the future value if 1000 dollars is invested at interest rate 3% compounded semi-annually…
A: Given that $1000 is invested for a 3% compound interest semi-annually for 2 years.
Q: Use the formula for computing future value using compound interest to determine the value of an…
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Q: What are the future value and the interest earned if $3600 is invested for 7 years at 8% compounded…
A: Amount invested, P=$3600 time of investment, t= 7 years rate of interest, r= 8%=0.08
Q: Find the future value in 8 years of a $10,000 payment today, if the interest rate is 3% per year…
A: We have PV = $10,000 r = 3% = 0.03 n = 8 years
Q: At what simple interest rate will an amount of money double itself in 10 years?
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Q: What are the future value and the interest earned if $2600 is invested for 5 years at 8% compounded…
A: givenP=$2600n=5 yearsR=8%let future value is Athereforesince problem is compounded quarterly then…
Q: Find the future value. $1417.32 invested for 6 years at 4% compounded monthly
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Q: The time line below shows an annuity from which quarterly withdrawals are made for 10 years.…
A: Given: Periodic Payment = $7000 Rate per period = 0.0175 Number of periods = 40
Q: If $1000 is deposited in an account earning 1% simple interest, what is the future value in 5 years?
A: Given that, the investment amount I=$1000, interest rate r=1% and time T=5 years. It is known that,…
Q: What are the future value and the interest earned if $3400 is invested for 7 years at 8% compounded…
A: Given, Present value= $ 3400 Term(t)= 7 years Rate of interest (r)= 8%= 0.08 Compounded quarterly,…
Q: Find how much money needs to be deposited now into an account to obtain $900 (Future Value) in 9…
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Q: what is the future value of $4000 earning 18% interest compounded monthly, for 8 years? Round to…
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Q: What are the future value and the interest earned if $4000 is invested for 7 years at 8% compounded…
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Q: What is the future value of $2000 earning 12% interest, compounded monthly, for 8 years? (Round your…
A: We need to find the future value given that present value P = $2000, rate of interest r = 12% =…
Q: What present amount is necessary to attain a future amount of $740 in 8 months, using an annual…
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Q: Use the formula for computing future value using compound interest to determine the value of an…
A: Here we have to find the future value by compound interest.
Q: What is the present value of a mortgage that costs $2400 per month for 5 years at an annual interest…
A: Given, Monthly payment= PMT= $ 2400 n= terms in months= 5*12= 60 months i= rate of interest per…
Q: What are the future value and the interest earned if $4000 is invested for 6 years at 8% compounded…
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Q: what is the future value of $4000 earning 18% interest, compounded monthly, for 8 years? round your…
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Q: Suppose $10,000 is invested at an annual rate of 5% for 10 years. Find the future value if interest…
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Q: The payment of 500 php is to be made at the end of every 6 months. How much is its future value…
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Q: What is the future value if $12,000.00 is invested for 4 years at 7% compounded every 4 months? The…
A: A=p(1+r/n)^nt
Q: A principal of $300 is invested at 7% for 1 year Determine the future value if the interest is…
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Q: Use the formula for computing future value using compound interest to determine the value of an…
A: Monthly interest rate and future value will be calculated using the formula,
Q: If $2000 is invested at 4% interest compounded quarterly, what is the future value in 7 years ?
A: Initial amount =P= 2000 Time = t = 7 years Interest rate = 4% =0.04 Number of times compounded in a…
Q: Question 1 Aldin invests 20% of his 140,000 php monthly salary at the end of each month in a fund…
A: Monthly salary is: 140,000 php Now Adin invest 20% of this amount. Therefore: a=1400005a=28000
Q: What is the future Value if 8000 is invested for 10 years at 8% compounded semiannually
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Q: What are the future value and the interest earned if $4000 is invested for 3 years at 8% compounded…
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Q: What are the future value and the interest earned if $3200 is invested for 6 years at 8% compounded…
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Q: What is the future value of $12,000 invested in an account that pays 4.25% compounded quarterly for…
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Q: Find the future value of 20000 Rial in 2 years' time if the interest rate is 8% compounded quarterly
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Q: What are the future value and the interest earned if $3000 is invested for 6 years at 8% compounded…
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Q: What is the future value of $117,000 invested for 5 years at 10% compounded monthly?
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Q: Syppose $175,000 is invested at an annuel Compute The future value of the investment aftel 20 years…
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Q: What are the future value and the interest earned if $2600 is invested for 4 years at 8% compounded…
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Q: What is the future value of $4000 earning 12% interest, compounded monthly, for 8 years? (Round your…
A: Given that $4000 earning 12% interest, compounded monthly, for 8 years.
Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2133 if…
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Q: Find the future value if $3000 is invested for 5 years at 8% compounded annually.
A: Consider the formula to find the future value FV=PV1+iffn where PV is the present value, i is the…
Q: What are the future value and interest earned if $3000 is invested for 5 years at 8% compound…
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- Suppose that the four inspectors at a chocolate factory are supposed to stamp the expiration date on each package of chocolate at the end of the assembly line. John, who stamps 20% of the packages, fails to stamp the expiration date once in every 200 packages; Tom, who stamps 60% of the packages, fails to stamp the expiration date once in every 100 packages; Jeff, who stamps 15% of the packages, fails to stamp the expiration date once in every 90 packages; and Pat, who stamps 5% of the packages, fails to stamp the expiration date once in every 200 packages. Name all the events for this problem. If a customer complains that her package of chocolate does not show the expiration date, what is the probability that it was inspected by John?Use the Pigeonhole Principle to answer the following question:6. At a university of 13,000 students, at least how many must share the same birthday (not including the year)? Don't forget leap years. 6a. How many must have the birthday September 19th?Suppose the post office had 25 full-time employees andwas not allowed to hire or fire any employees. Formulate anLP that could be used to schedule the employees in order tomaximize the number of weekend days off received by theemployees.
- If I’m 20 in June 2022 . In which year I was born?Suppose that the four inspectors at a film factory are supposed to stamp the expiration date on each package of film at the end of the assembly line. Adnan, who stamps 20% of the packages, fails to stamp the expiration date once in every 200 packages; Aslam, who stamps 60% of the packages, fails to stamp the expiration date once in every 100 packages; Akram, who stamps 15% of the packages, fails tostamp the expiration date once in every 90 packages; and Abrar, who stamps 5% of the packages, fails to stamp the expiration date once in every 200 packages. If a customer complains that her package of film does not show the expiration date, what is the probability that it was inspected by Aslam?Suppose a computer software developer for a certain company purchased a computer system for $55,000 on April 27, 2017. The computer system is used for business 100% of the time. The accountant for the company elected to take a $30,000 Section 179 deduction, and the asset qualified for a special depreciation allowance. (a) What was the basis for depreciation (in $) of the computer system? (See Table 17-4.) $ (b) What was the amount (in $) of the first year's depreciation using MACRS? (See Table 17-1 and Table 17-2) $
- Suppose that the 4 inspectors at a film factory are supposed to stamp the expiration date on each package of film at the end of the assembly line. Jimuel Rey, who stamps 20% of the packages, fails to stamp the expiration date once in every 200 packages; Neil, who stamps 60% of the packages, fails to stamp the expiration date once in every 100 packages; Reymond, who stamps 15% of the packages, fails to stamp the expiration date once in every 90 packages; and Christine Mae, who stamps 5% of the packages, fails to stamp the expiration date once in every 210 packages. If a customer complains that her package of film does not show the expiration date, what is the probability that it was inspected by Jimuel Rey?i) Suppose that four persons working in a factory are given the job of stamping expiry date on the packet of buns. Person A, who stamps 20% of packets, fails to stamp the expiry date once in every 200 packets. Person B who stamps 60% of packets, fails to stamp the expiry date once in every 100 packets. Person C who stamps 15% of packets, fails to stamp the expiry date once in every 90 packets and Person D who stamps 5% of packets, fails to stamp the expiry date once in every 200 packets. If a buyer complains that her packet of buns does not show the expiry date, what is the probability that,a) It was Person A who failed to stamp?b) It was stamped by Person B or C?c) What is the probability that a packet bought shows an expiry date and it wasnot stamped by B?