Q: At what nominal rate, compounded every 2 months, would $14,000.00 have to be invested to amount to…
A: Nominal rate = r 2 Months rate = r/6 = 0.166666666666667r Investment (PV) = $ 14000.00 Future value…
Q: At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to…
A: FV = PV * (1 + i/n)^(n * Years) Where FV = Future Value = $18276.04 PV = Present Value = $15000 i =…
Q: What is the present value of $1,150 deposited at the end of each quarter year for 12 years earning…
A: Calculation of Present Value:The present value is $38,124.16.Excel Spreadsheet:
Q: If $450 is deposited at the end of each quarter into an account paying 10% compounded quarterly, how…
A: The question is based on the concept of Annuity.
Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…
Q: A $183900 Ioan is repaid by 23 payments of $2500 each at the end of quarter, followed by 29 payments…
A: Loan is contract between lender & borrower where lender provide funds to borrower for definite…
Q: How much (in dollars) is needed in an account that earns 10.8% compounded monthly to withdraw $1,000…
A: The formula used as follows: Present value=A1-11+rnr
Q: What is the accumulated value of deposits of $1020.00 made at the end of every six months for three…
A: Accumulated deposits include the amount deposited and compounding interest accumulated over the…
Q: At what rate compounded monthly will P4,222 accumulate to P16,444 in 2 years and 10 months?
A: Yield to maturity can be calculated by following function in excel =RATE (nper, pmt, pv, [fv],…
Q: What is the principal invested at 4.75% compounded semiannually from which monthly withdrawals of…
A: Annuity refers to series of equalized payments that are paid or received at start or ending of…
Q: onths on an inve
A: Given , Earned= 265, Investment= 20,000.
Q: What is the future Value of m Ordinary ity at the end of 5years if $370 Tsdeposited each month into…
A: As posted multiple independent questions we are answering only first question kindly repost the…
Q: If a sum of $3000 is borrowed for six months at 9 percent simple interest per year, what is the…
A: A method of computing interest amounts in which the compounding effect was not considered by the…
Q: If $650 is invested at 6% compounded (A) Annually, (B) Quarterly, (C) Monthly, what is the amount…
A:
Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…
A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters (n)…
Q: What should be the amount in an RRSP that is earning 5.50% compounded quarterly if it can be…
A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…
A: Question is based on the concept of Time value
Q: If $200 is invested at 5% compounded quarterly, what is the interest earned after: a) 6 years,…
A: The formula used as follows: A=P1+rnn×t
Q: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…
A: Given: Present value = $19,000 Interest rate = 5% Years = 9
Q: What is the annual rate of interest if P265 is earned in four months on an investment of P15, 000?
A: Interest amount = P 265 Period = 4 Months = 4/12 = 1/3 Years Investment = P 15000
Q: A sum of money invested at 2% per 6-month period (semiannually) will double in amount in…
A: The worth of today’s dollar at a future date is the future value of the dollar. For example, the…
Q: What is the future value at the end of year 2 of an income stream that starts out at $2400 per month…
A: Monthly Payout = 2400 Decreases by 75 Monthly Compounding Number of compounding periods = 12 Time…
Q: What is the rate compounded semi-annually if ₱123,000 accumulates to ₱321,000 in 9 years and 2…
A: Rate of Interest - Rate of Interest is the rate at which interest will be calculated. Formula for…
Q: What is the interest earned on the principle of RM18,000 at the rate of 12% for 1 year and 4 months…
A: Principal amount (P) = RM 18,000 Interest rate = 12% Monthly interest rate (r) = 12%/12 = 1% Period…
Q: How much money must be deposited at the end of each quarter if the objective is to accumulate…
A: Working note:
Q: If $2500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…
A: Annuity is a stream of recurring cashflow at regular interval for fixed period at specific rate.…
Q: What is the EAR corresponding to a nominal rate of compounded semiannually? Compounded 10%…
A: EAR is effective annual rate i.e. equivalent interest rate for interest rate which are compounded…
Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…
A: In this question payment per quarter has to be find out. Future value , rate of return and number of…
Q: $480 is deposited at the beginning of every 6 months into a savings account. This will continue for…
A: An account where deposit made by accountholder is credited and credit balance is added with interest…
Q: If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…
A: Given data; deposit amount = $5500 rate of interest = 7% Future value of annuity = $90,000
Q: A car valued at $11,400 can be purchased for 10% down and end-of-month payments of $286.21 for…
A: The nominal interest rate, also known as an Annualized Percentage Rate or APR, is calculated by…
Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will…
A: Future Value(FV) is value of current amount at future date. It is computed by compounding that…
Q: What is the value today of $500 received at the beginning of each period of six months for 12 years…
A: The following formula will be used to calculate today value as follow:
Q: Calculate if $10,000 is invested at interest rate of 12% per annum, what is the amount after 3 years…
A: The provided information are: Present value (PV) = $10,000 Interest rate (r) = 12% = 0.12 Number of…
Q: y is equivalent to receiving $10,000 three years from today, if interest is compounded quarterly at…
A: The present value of future money would give the amount of money that is equivalent today…
Q: What is the equal payment series for 12 yearsthat is equivalent to a payment series of $25,000 atthe…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: How long before a scheduled payment of $3,354 will a payment of $3,018 be economically equivalent?…
A: Future Value = 3354 Present Value = 3018 Interest Rate = 4.25%/4 = 1.0625% per quarter N = Number of…
Q: If 5,000 shall accumulate for 10 years at 8% compounded quarterly, then what is the compound…
A: Given: Present value = 5000 Number of years = 10 The interest rate is: i'=in4=i44=0.084=0.02
Q: A payment of $11,710 is due in 1 year, $19,500 is due in 4 years, and $8,400 is due in 6 years. What…
A: The screenshot of the above sheet along with formulas is given below for your reference. The Single…
Q: What interest will be earned if 4,000 dollars is invested for 4 years at an annual rate of 7%…
A: The interest will be the future value of the investment less the amount invested.
Q: What will be the amount of the sum Rs 1200 for one and half year at 40 percent of interest…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: In general, which rate yields the larger amount in one year? (A) 13% compounded semi-annually (B)…
A: The rate that would yield a higher value can be calculated by comparing the effective annual rate of…
Q: What is the equal payment series for 8 years that is equivalent to a payment series of $15,000 at…
A: Given information: Payment series: $15,000 Increasing amount: $1,500 Period: 10 years Interest…
What is the rate compounded semi-annually that results in $625 accumulating to $1100 in 42 months?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- What is the rate compounded semi-annually if ₱123,000 accumulates to ₱321,000 in 9 years and 2 months?If $650 is invested at 6% compounded (A) Annually, (B) Quarterly, (C) Monthly, what is the amount after 7 years? How much interest is earned?Suppose $15,000 is invested in an account with an APR of 4.5%. If the interest is compounded annually, how much interest is earned over the first 6 years? If the interest is compounded monthly, how much interest is earned over the first 6 years?
- suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will be in the account in 9 months?Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for 11 years and 9 months will amount to $34000.00An amount of $1400 was invested for 71 months, maturing to $2177.36. What annually compounded rate was earned?
- If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account contain $90,000? (Round your answer UP to the nearest quarter.)If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account contain $80,000? (Round your answer UP to the nearest quarter.) _____quartersAt what nominal rate compounded monthly will payments of Php1,800 at the beginning of each month for 1 year will accumulate a sum of Php20,783?
- In general, which rate yields the larger amount in one year?(A) 13% compounded semi-annually(B) 12.87% compounded quarterlyWhat is the effective annualized rate compounded continuously that is equivalent to 16.000% per annum compounded quarterlyA $183900 Ioan is repaid by 23 payments of $2500 each at the end of quarter, followed by 29 payments of $6900 each at the end of month. What interest rate il is being charged?
