What will be the compound interest accrued on a sum of $3500 at the rate 8% in 2 years?

Q: How much annual income would need to be generated over a 5 year period, to be equivalent to $4,000…

A: Calculate the annual income over a period of 5 years as follows:MS-Excel --> Formulas -->…

Q: What is the future value of $2,500 deposited at the end of each quarter year for 15 years earning 8%…

A: In the given question we need to compute the future value of $2500 deposited at the end of each…

Q: What is the future value of a single $5,000 deposit earning 8 percent interest, compounded monthly,…

A: Formula:

Q: If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously,…

A: We need to use the formula of continuous compounding belowA=P(e)rn  where   A=future valueP=present…

Q: you invest $12000 at an annual rate of 3% . Find the balance after 5 years for each type of…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

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: What is the future value of $875 deposited for one year earning an 8 percent interest rate annually?

A: Future value can be described as the future worth of a specific amount at a certain future date.It…

Q: 2. What is the future worth of P600 deposited at the end of every quarter for 4 years if the…

A: The value of an asset at a specific date is referred to as its future value. It is the present value…

Q: Solve for the compound interest earned if 10,000 pesos is invested for  1-1/2 years at 8% compounded…

A: Compound interest refers to the interest calculation mechanism where the previous period interest is…

Q: What is the future value of $3,100 in 17 years assuming an interest rate of 8.4 percent compounded…

A: Given,Present Value (PV) = $3,100Rate of Interest (r) = 8.4% or 0.084Time Period (t) = 17 yearsType…

Q: What is the nominal rate of interest if Php4,000 accumulates to Php10,000 in 8 years with interest…

A: solution given present value    =4000    future value       =10,000 time period        =8 years…

Q: There is 60% increase in a amount in 6 years at simple interest. What will be the compound of…

A: Compound interest is defined as an addition of an interest to the sum of the principal of the loan /…

Q: Find the present value of the following annuities: 1. 100 payable every month for 10 years if the…

A: Present value is referred as the current value of future sum of funds or the cash streams that are…

Q: P1,500 is invested every 4 months at 3.8% per annum compounded quarterly. How much will the annuity…

A: The Compound Interest of an investment is used for a longer period of time. In the compound…

Q: What is the future value of $2,500 deposited for one year earning a 14 percent interest rate…

A: In the given question we require to compute the future value of investment from following details:…

Q: What is the future value of $9,000 deposited at the end of each year for 4 years earning 7% interest…

A: Given details are : Each year deposit = $9000 Time period = 4 years Interest rate = 7% Compounding…

Q: What is the discounted value of $3500.00 paid at the end of every six months for 5 years if interest…

A: Here, Equal amount at equal interval = $3,500 Payment at the end of every six months No. of years =…

Q: How much compound interest is earned on a 6.5-year investment that has a rate of return of…

A: Future value (FV) = $ 9600 Period = 6.5 Years Period in quarters (n) = 6.5*4 = 26 Interest rate = 6%…

Q: What is the future value of $2,000 deposited for one year earning 6 percent interest rate annually?

A: Given details are : Present value of deposit = $2000 Time period = 1 year Interest rate = 6%  From…

Q: What is the equivalent present value of the following series of payments: $10,000 the first year,…

A: Calculate the equivalent present value as follows:

Q: Suppose you borrowed $37,000 at a rate of 9.0% and must repay it in 4 equal installments at the end…

A:

Q: What is the future value of $700 deposited for one year earning 4 percent interest rate annually?

A: In the given question we need to compute the future value of $700 deposited today for one year at 4%…

Q: What is the present worth of P5000 deposited at the end of every three months for 5 years if the…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: Suppose that $1,000 is invested for 4 years at an interest rate of 12%, compounded quarterly. How…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: What is the present value of $1,000 received in two years if the interest rate is 12% per year…

A: Given Detail: Future Value: $1000 Interest rate : 12%

Q: P50,000 was deposited on savings at a rate of 10% per annum for 3 years. What is the compound…

A: The present value that is compounding over the period of time will be turned out as future value.…

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: If a person deposits $3,000 at 6% per year simple interest, what compound interest rate would yield…

A:

Q: What is the future value of 1,000 over five years if 8% interest is paid annually ?

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: You invest $13,000 at 18% interest, compounded monthly, for 2 year

A: Future value of investment under compound interest method: Future value = P×(1+rf)n×f Where, P =…

Q: What is the effective rate of interest

A: In this case first the quarterly interest rate would be calculated and from quarterly interest rate,…

Q: What is the compound interest if $170,000 is invested for 3 years at 12% compounded continuously.…

A: Investment (P) = $ 170,000 Period (t) = 3 Years Interest rate (r) = 12% Mathematics constant (e) =…

Q: What is the nominal rate of interest if Php12,000 accumulates Php30,000 in 10 years with interest…

A: Solution: Present value (PV)    12,000.00 Future value (FV)    30,000.00 Period (Nper) 40…

Q: If you invest $2,538.00 in an account earning an annual interest rate of 3.153% compounded…

A: Interest is the fee paid to investor for investing funds over a period of time. It is the…

Q: What is the future value of $7,200 deposited at the beginning of each year for 7 years earning 8%…

A: Calculation of Future Value:The future value is $69,383.72.Excel Spreadsheet:

Q: What is the future equivalent of $1,000 invested at 6% simple interest per year for 3 years?

A: Simple interest is the type of interest that is calculated on the principal amount invested, it is…

Q: What is the (a) present value and (b) compound interest earned for 3 years and 9 months of P84,500…

A: Given,  The future amount is P84,500 Rate is 20% Term is 3 years and 9 months

Q: What is the future worth of P8500 deposited every 3 months for 3 years if the interest is 10%…

A: Quarterly deposit (P) = P8500 Interest rate = 10% Quarterly interest rate (r) =…

Q: 2. Find the compound interest and the compound amount due at the end of 20 years and 7 months if…

A: Compound Interest Compound Interest refers to the interest generated on principal as well as on the…

Q: what present amount at an interest rate of 12% compounded annually?

A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…

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 is the future value of $1,500 invested today at 7% interest in 6 years with interest compounded…

A: In given question we need to compute the future value of $1500 invested today for 6 years at 7%…

Q: What is the future value of $500 deposited for 1 year earning an 8% interest annually?

A: Given: Present value = $500 Number of period = 1 year Interest rate = 8% = 0.08

Q: The annual amount of a series of payments to be made at the end of the next twelve years is P500.…

A: Answered:

Q: If I loaned an amount of P10,000.00 with an interest rate of 8.60% compounded MONTHLY for 5 years.…

A: Annual interest rate (r) = 8.60% Compounding = Monthly Number of compounding per  year (m) = 12

Q: at is the present worth and future of P6000 deposited at the end of every month for 4 years if the…

A: The more is compounding more is future value and less is the present value of money due to the fact…

Q: Find the present value of P1,200 due in 3 years and 9 months if money is worth 10%, compounded…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: What is the future value of $1,100 invested today at 5% interest in 3 years with interest compounded…

A: In given question we need to compute the future value of $1100 invested today at 5% for 3 years.