What present value amounts to $5,000 if it is invested for 15 years at 8% compounded annually? (Round your answer to the nearest cent.)

Q: How much money should be invested in an account that earns 6% interest, compounded quarterly, in…

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Q: Robin, who is self-employed, contributes $5,500/year into a Keogh account. How much will he have in…

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Q: A newborn child receives a $5,000 gift towards a college education from her grandparents. How much…

A: Given that  A newborn child receives a $5,000 gift towards a college education from her…

Q: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly? (Round your…

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Q: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

Q: Use the formula for present value of money to calculate the amount you need to invest now in one…

A: From the given information. The amount (A) is $1000000. Time period is 40 years. Annual rate of…

Q: (a) If $1000 is invested at 5% compounded monthly, howmuch is there after 8 months?(b) If you want…

A: Given:         Amout of compound interest is given by,A=P1+rnntWhere,A= amount, P= initial amount,r=…

Q: How much should she set aside now

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Q: If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D) monthly;…

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Q: If a savings fund pays interest at a rate of 6% per year compounded semiannually, how much money…

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Q: What amount should be deposited today at 4.56% compounded monthly in order to have $5,000 in 3 years

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Q: a present value of $115,000, what is the size of the withdrawals that can be made at the end of each…

A: Step:-1 Formula of Annuity PV = P×1-(1+r)-nr Here, PV = Present value P= value of each payment /…

Q: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

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Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

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Q: What interest will be earned if $6700 is invested for 2 years at 10% compounded monthly? (Round your…

A: Given

Q: If $11,000 is invested at 6% compounded quarterly, what is the amount after 4 years?

A: Please find attachment for the details solution

Q: If a savings fund pays interest at a rate of 2% per year compounded semiannually, how much money…

A: The amount to be invested is calculated using the formula,

Q: How much should be invested now at 5.4% compounded annually to have $26,000 in 13 years

A: Given  How much should be invested now at 5.4% compounded annually to have $26,000 in 13 years

Q: What present value P amounts to $280,000 if it is invested at 5%, compounded semiannually, for 19…

A: We have to find the present value (P).

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

A:

Q: How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A: Given: The amount at end of 8 years=$32000 Rate of interest = r = 9% = 0.09 The number of times…

Q: How much more would you earn in the first investment than in the second investment?   ​$47,000…

A: $47,000 invested for 30 years at 12​% compounded annually Here, Principal (P) =47,000. Time in year…

Q: To pay for new machinery in  6  years, a company owner invests  $30,000  at  9.5%  compounded…

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Q: A bank has decided to set its interest rates to compound monthly on all deposits in order to give…

A: The amount accumulated for an amount P deposited for t years at an interest rate of r% compounded n…

Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

A: Given that ,principal amount that investedP=$25,000the rate of interest r=5%=5100=0.05time in…

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: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

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Q: If a savings fund pays interest at a rate of 3% per year compounded semiannually, how much money…

A: Compound interest is a form increments in the savings where each increment is added regularly to 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: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: Given information A=$90,000 Rate of interest r=5% ⇒r=5100=0.05 Time t=11 years Since, interest is…

Q: A 13-year-old has his dad save$100of his birthday money for the next family vacation. How much will…

A: The formula for the amount using compound interest is A=p1+rnnt. Here, p is the principal, r is the…

Q: You know that you will need $100,000 for your child’s education in 18 years. If your account earns…

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Q: If an annual interest rate is 12% and is compounded monthly, then what is the interest rate per…

A: NOTE: Refresh your page if you can't see any equations. . the annual rate is 12% and is compounded…

Q: You have just received $135,000 from the estate of a long-lost rich uncle. If you invest all your…

A: Solution:-

Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A: Let P be the amount to be set aside now to generate payments of $30,000 at the beginning of each…

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

A:

Q: How much money would you need to deposit today at 9% compounded quarterly to have OMR 12,157 after 6…

A: OMR 7127

Q: What is the future value after 18 years if you deposit $1,000 for your child's education and the…

A: The principal amount deposited is $1000. The number of years the amount is deposited for is 18…

Q: How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A:

Q: What present value P amounts to $290,000 if it is invested at 7%, compounded semiannually, for 10…

A: A=P1+rnntP is the amount investedr is the rateA is the amount after t years

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

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Q: What lump sum do parents need to deposit in an account earning 10%, compounded monthly, so that it…

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Q: What lump sum do parents need to deposit in an account earning 6%, compounded monthly, so that it…

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Q: An amount of  $21,000  is borrowed for  6  years at  7.5%  interest, compounded annually. If the…

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Q: amount of $40,000 is borrowed for 8 years at 5% interest, compounded annually. If the loan is paid…

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Q: What sum deposited today at 6% compounded annually for 17 years will provide the same amount as…

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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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Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years

Q: How many years would it take for a debt of $22,338 to grow into $41,932 if the annual compound…

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