Q: You invest $ 20.000 in a bank account to buy a house at annual interest rate 15 per year, compounded…
A: Given information: Present value is $20,000 Interest rate is 15% per year compounded monthly Number…
Q: If you invest %750 at an interest rate of 7% compounded annually, how much would the $750 be worth…
A: The question is based on calculation of future value of an investment. Formula as, FV= PV(1+r)n
Q: If you borrowed $2400 at an annual simple interest rate of 5.75%, how much would you owe altogether…
A: Interest on loan=Amount Borrowed×Rate×Years=$2,400×5.75%×3.5=$483
Q: You would like to have $ 59,000 in 15 years. To accumulate this amount, you plan to…
A: The concept of time value of money tells us that worth of money keeps on changing with passage of…
Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…
A: Given that;Payment amount is $1000 Interest rate is 3.2%, as it is compounded quarterly, the rate we…
Q: What is the future value of $1,000 in five years at 8% interest paid semi annually ? Paid quarterly?…
A: Future value is an amount reccievable in future(after certain period) by investing today. Formula…
Q: You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in…
A: Given information ; P = 4000 r = 8% or 0.08 Compounded monthly so n = 12 t = 15 years
Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…
A: Future value of a value is the amount which the grow from the principal amount to future amount with…
Q: You deposit $4000 each year into an account earning 4% interest compounded annually. How much will…
A: Future value of annuity = Annual payment x [(1 + i)n - 1]/i i = Interest rate n = number of years
Q: You want to have $50,000 in your savings account 12 years from now, and you’re prepared to make…
A: The annuity refers to the regular payment or receipt that lasts over a period of time. The annuity…
Q: You want to be able to withdraw $5800 each year for 10 years. Your account earns 3% compound…
A: An annuity is the plan that gives a fixed amount in return for a lump sum. It is usually made with…
Q: Suppose that you borrow $8,000 now, promising to repay the loan principal plus accumulated interest…
A: The future value of an amount is the future worth of an amount calculated based on the time value…
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: If you initially invest $2200 in an account that earns 2.25% interest compounded continuously, how…
A: Initial investment (P) = $2200 Interest rate (r) = 2.25% Period (t) = 3 Years Mathematics constant…
Q: You want to have $2,000,000 in your savings account seven years from now, and you're prepared to…
A: Given: Future Value of investment "FV" = $2000000 Number of payments "n" = 7 Interest rate "r" =…
Q: A businessman wants to have P500, 000 four years from now. What amount should he invest now if it…
A: Given information : Expected amount 500000 Interest rate for first two years 6% Interest rate…
Q: Suppose you deposit $1,250 at the end of each quarter in an account that will earn interest at an…
A: Computations as follows: Hence, the amount available at the end of four year is $24,225.28.
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: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…
A: A deposit annually is rewarded by an interest annually that make a huge amount at the end of…
Q: you deposit $1,000 each year into an account earning 3% interest compounded annually. How much will…
A: Time value Value received today by an individual is of more worth than receiving the exact value in…
Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…
A: The amount after 10 years will be the future value of the initial deposit.
Q: How much would you have to deposit today to have $10,000 in five years at 6% interest discounted…
A: Following details are given to us in the question : Future value after five years = $10000 Time…
Q: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…
A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10
Q: You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Given: Interest rate = 5% Present value = $4,000 Period = 10 years
Q: If you were offered $1000 today of $1050 in one year which would you accept if money can be invested…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: You invest $4,000 in an account that pays a fixed annual rate of 6% interest compounded yearly. How…
A: In the present question we require to calculate the future value after 7 years from the following…
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Ordinary Annuity is way of payment where payment happens at the end of each period.
Q: You deposit $5000 each year into an account earning 6.8% interest. How much will you have in the…
A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years
Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…
A: The future value is the amount that will be received at the end of a certain period. In simple…
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: You were buying a House for $190,000 with a down payment of $57,000. The loan will be paid back over…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: Annuity payments: It refers to the fixed payment made in series or equal time intervals. Example:…
Q: Suppose you contribute $10 per week ($520 per year) into an interest-bearing account that earns 6% a…
A: Calculation of the funds that must be saved at end of 15 years:- Money that have been saved by…
Q: If a person deposits $10,000 at 10% per year simple interest, what compound interest rate would…
A: Compound interest (also known as compounding interest) is the interest on a loan or deposit that is…
Q: If you save $500 per quarter for retirement in an account that earns 8% interest per year,…
A: Retirement planning wherein a fixed amount is saved for a definite period to reap the benefits of…
Q: If you initially invest $3500 in an account that earns 4.7% interest compounded daily, how much will…
A: Initial investment (PV) = $3500 Interest rate (r) = 4.7% Number of compounding per year (m) = 365…
Q: You deposit $6000 in an account earning 4% interest compounded monthly. How much will you have in…
A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per period i.e. 4%/12 =0.333%n =…
Q: a. You need $17,000 in five years but you only have $12,000 now. At what interest rate must you…
A: As per guidelines, I am supposed to answer 1 question at a time. As the question is not specifically…
Q: You would like to have $53,000 in 13 years. To accumulate this amount, you plan to deposit an…
A: Present value refers to the current valuation for a future sum. Investors determine the present…
Q: Gary has decided to save RM150 a month for 4 years. How much will be the balance in the account if…
A: In compound interest money grow with time as there is interest on the interest.
Q: How much money will be required four years from today to repay a ₱2,000 loan that is made today at…
A: The money required to pay after four years can be calculated as the future value of loan
Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…
A: Given:Deposit amount=$3000Rate=3% interest compounded monthly.To compute:Amount in account after 15…
Q: How much money would you have to deposit for five consecutive years starting one year from now if…
A: Future value (FV) = P 50,000 Interest rate (r) = 14% Number of annual deposit (n) = 5 Period after…
Q: How much more could you have earned over a 10 year period if interest had compound annually?
A: Simple interst formula is I = P*R*T Where I is Interest,P is principle,R is rate of interest and T…
Q: If you borrow $1,000 and pay back $1,728 in three years, what annual rate of interest are you…
A: Annual Percentage rate (APR) is the percentage rate that shows the interest calculates on the…
Q: What is the future value of $400 deposited for one year earning an interest rate of 9 percent per…
A: The provided information are: Present value (PV) = 400 Rate of interest (i) = 9% Number of year (n)…
Q: You
A: An annuity refers to a series of payments made at regular interval of time.
Would you rather have $4,500 today or $5,800 in four years at a 5% interest compounded annually?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityCalculating interest earned and future value of savings account. If you put 6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.