What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually? (Round your answer to the nearest cent.) $ tA

Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: Given that, Annual Amount=$31 Annual rate of interest=5.7% r=0.057 Time (T) = 2015-1626 T=389 years…

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

A: Given: FV=$10,000 t=4 yearsr=9%n=4 compounded quarterly Let the money invested is P…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

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Q: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

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Q: lohn and Rosamond want to retire in 10 years and can save $190 every three months. They plan to…

A: Given: Periodic payment (m0=$190Rate(r)=7.72%Time(t)=10 yearsNumber of payments per year(n)=5

Q: When your first child is born, you begin to save for college by depositing $125 per month in an…

A: Here we find future value.

Q: A sum of $4000 is placed in a savings account at 7% per annum. How much is in the account after 40…

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Q: If $400 is invested at an interest rate of 5% per year, compounded quarterly, find the value of the…

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Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Term of…

A: Determine the present value of an investment that will be worth $12,000 in 8 years if compounded…

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Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

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Q: If $15,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

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Q: if $2000 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

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Q: If $2000 is invested at an interest rate of 4.5% per year, compounded daily, find the value of the…

A: Given that the initial investment = P = $2000 Interest rate=r= 4.5%= 0.045  Number of times…

Q: If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is being…

A: Given:- If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is…

Q: In how many years will the amount of P10,000 triple if invested at an interest rate of 10%…

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Q: When your first child is born, you begin to save for college by depositing $225 per month in an…

A: Initial amount of investment is $225 per month

Q: How much do we earn if we invest $1000 at 10% compounded annually for 10 years?  Round to the…

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Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: time period t = 2020-1626 t = 394 years p = $40 compounded quarterly n= 4 Formula of CI: A=P(1+rn)nt

Q: How much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

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Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Compound…

A: The present value is computed using the following formula -  PV = A1+rnnt Where PV = Present value,…

Q: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

Q: John Lee's savings account has a balance of $1,251.00. After 5 years, what will the amount of…

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Q: If $1500 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of…

A: To calculate the value of the investment (where the interest is compounded) for different time…

Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

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Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

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Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

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Q: At what normal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

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Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data  Investment P=1000  interest rate r=3.5% =0.035  Compounded daily=n=365  Value of the…

Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Nominal…

A: Given Compound amount =$13000                                   time= 8 years…

Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: A manufacturer set aside a fund of $1200000. Thus, Adue=1200000 The payments are made at the…

Q: Atticus college predicts that in 18 years it will take $250,000 to attend college for 4 years.…

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Q: When your first child is born, you begin to save for college by depositing $275 per month in an…

A: Given data Total money depositing per month is $275. Rate of interest is r=12%=0.12 per year.…

Q: quarterly

A: In this we have to use the standard formula for compound interest so I'm providing hand written…

Q: If $1200 is invested at an interest rate of 2.75% per year, compounded quarterly, find the value of…

A: Use formula to calculate

Q: If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: If $2000 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

A: So in this problem we are going to use standard formula for calculating the final compounded money…

Q: What is the future value of $115,000 invested for 5 years at 8% compounded monthly? Answer the…

A: The given data is: Present value PV=$115000Time t=5 yearsRate r=8%  To find the future value.

Q: What present value amounts to $20,000 if it is invested for 15 years at 6% compounded…

A: Compound interest: Formula :  A=P1+rnnt where ; A is the amount . P is the principal or invested…

Q: What present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for 18…

A: Given that present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for…

Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

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Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

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Q: What lump sum do parents need to deposit in an account

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Q: What present value P amounts to $250,000 if it is invested at 6%, compounded semiannually, for 15…

A: P = A / (1 + r/2)2 x n where P = present value A = amount in future r = rate per annum compounded…

Q: A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the…

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