What lump sum should be deposited in an account that will earn 8% compounded every 4 months, to grow to $57,797.62 in 31 years

Q: What lump sum of money must be deposited into a bank account at present time so that $1,50 can be…

A: In this we have to calculate present value of cash flow withdrawal.

Q: With a 0.14 compounded semi annually, approximately how much money must be invested today in order…

A: Given information : Interest rate 14% Amount to be withdrawn $7,802 Time period (years) 7…

Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $14000 is invested…

A: Given information: Present value amount is $14,000 Number of years is 5 years Interest rate is 10%

Q: How much money should be invested in an account that earns 9% interest, compounded quarterly, in…

A: Given data; interest rate = 9% future value = $ 5000 number of years = 5 compounding frequency = 4

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and…

A: Given, Amount (A) = P8,000 Principal (P) = ? Interest rate (i) = 12% Number of times compounded (n)…

Q: Suppose that $80,000 is invested at 7% interest. Find the amount money in the account after 5 years…

A: The given problem can be solved using FV function in excel. FV function computes amount value in…

Q: a) $15,000 is invested in an account at time 0. At the end of 4 years, an additional $15,000 is…

A: Investment at time 0 15000 investment at the end of 4 years 15000 Rate of Interest for 10 years…

Q: How much money should be invested in an account that earns 9 percent interest, compounded monthly,…

A: Excel Spreadsheet:

Q: 1. First City Bank pays 7 percent simple interest on its savings account balances, where Second City…

A: 1) Simple interest rate of First City Bank (r) = 7% Compound interest rate of Second City Bank (i) =…

Q: If P25, 000 is deposited now into a savings account that earns 6% per year, what uniform annual…

A: Present Value of Ordinary Annuity refers to a concept that determines the value of cash flows at…

Q: How much time does it take for a $4,900 investment to grow to $8,100 in an account compounded…

A: FV = PV* (1 + r / n)nt Where, PV = Present value FV = Future value r = Rate of interest (percentage…

Q: How much is accumulated in each of the savings plans over two years? a. Deposit €1100 today at 15…

A: Given: Particulars 15% 12% Deposit € 1,100 € 700 Years 2 2

Q: How much money should be on the account today in order for annually withdrawals of $100.00 to be…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: A sum of money invested now at 10 percent compounded semi-annually is to provide payments of $1500…

A: Let the money to be invested now = X Semiannual payment (A) = $1500 Number of payments (n) = 16 r =…

Q: If $1,000 is invested today at Bank Alfalah ltd and $1,000 is invested at the beginning of each of…

A: The amount of payments made at the beginning of each year is termed as an annuity due. It indicates…

Q: 3. A 10,000 loan is taken out and the interest rate is 8 percent effective. Payments are made on the…

A: GIVEN, Loan is taken  - $10000            Interest rate  - 8% Paayment is to be completed in 10…

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 you deposit RM35,000 in an account earning 18% with monthly compounding, how much would you have…

A: Using the future value function

Q: Find the amount the bank will produce if $2100 is invested for 5 years, compounded daily at 6.48%

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: How much will the account contain after 9 years and 3 months? How much interest will be earned?

A: Deposit amount = $600  Interest Rate = 5±70 compounded quarterly i.e 4.3 or 5.7 compounded quarterly…

Q: Wen is making deposits of $300 each quarter into an account earning 6% interest compounded…

A: future value of an ordinary annuity is a value of payments at a point of time in future it shows the…

Q: 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded…

A: Companies are usually compute the present value and future value for the purpose of estimating the…

Q: What is the present value of a $400,000 cash flow to be received at the end of each of the next 10…

A: given, A=$400,000 r=9% n = 10

Q: How much money must be deposited at the end of each quarter if the objective is to accumulate…

A: Working note:

Q: What equal annual deposits must be made at t = 2, 3, 4, 5, and 6 in order to accumulate $25,000 at t…

A: Future value is the value of current cashflow compounded to the future date at specified rate.…

Q: How much money deposited at the end of each year in a savings account that pays 9 % per year ,…

A: An annuity is a series of regular payments made at regular intervals. It earns interest as and when…

Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…

A: Compound interest is an investment method where the interest earned is reinvested back which earns…

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: 9th deposit is m

A: Given Information: Amount Deposited each year is P10,000 Time period is 9 years Interest rate is 14…

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: Suppose that $850,000 is invested in a savings account paying 5.25% interest per year. (Round…

A: the given information  amount = $850,000 interest rate = 5.25%

Q: Calculate the initial amount that would be in a savings account at the beginning of 6 years, given a…

A: Given  Interest rate =  3.14% Number of years = 6 Years Final amount received = 256 Future value is…

Q: If $1000 is deposited in a savings account at the beginning of each of 10 years and the account…

A: Working note:

Q: A student puts $10,000 in a savings account that pays 16% annual interest, compounded quarterly.…

A: The question is based on the concept of Future Value

Q: With a 0.33 compounded semi annually, approximately how much money must be invested today in order…

A: Present Value of annuity refers to the current value of a series of equal cash flows or payments at…

Q: man expects to receive ₱25,000 in 8 years. How much is hat money worth now considering interest at…

A: Given information: Future value 25,000.00 ₽ Time period 32 Interest rate 2.00%

Q: If money is worth 8% compounded quarterly, find the present value of 12 quarterly payments of P1,…

A: The rate of interest is 8% compounded quarterly. The payment made for 12 quarters. the each payment…

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: What cash payment is equivalent to making payments of ​$944.00 at the end of every six months for 9…

A: We need to use present value of annuity formula to calculate cash payment Cash payment(PV)…

Q: A payment of $13,735 is due in 1 year, $19,500 is due in 4 years, and $8,900 is due in 7 years. What…

A: Payment due in year 1 (P1) = $13735 P4 = $19500 P7 = $8900 Interest rate = 5.5% monthly compounded

Q: A P5,000 savings account earning 8% effective interest was opened five years ago. If another savings…

A: In this we have to find out the future values of both options and equate both.

Q: t lump sum of money must be deposited into a bank account at the present time so that $500 per month…

A: Future withdrawal monthly depends on the monthly interest rate and period of withdrawal for which…

Q: If $1,500 is deposited in a savings account at the beginning of each year for 20 years (a total…

A: The formula to compute future equivalent worth of present value:

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: A year-end bonus of $23,000 will generate how much money at the beginning of each month for the next…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: enues of $40,000 every 6 months and make $1200 per month payments. What is the Present Worth of…

A: The given problem can be solved using PV function in excel. PV function computes current balance in…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.