If you invest $48500 to earn 7% interest, which of the following compounding approaches would return the lowest amount after one year? Daily. Annually. Monthly. Quarterly.
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If you invest $48500 to earn 7% interest, which of the following compounding approaches would return the lowest amount after one year?
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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 annuitySuppose you were to receive $1,000 at the end of 10 years. If your opportunity rate is 10 percent, what is the present value of this amount if interest is compounded (a) annually? (b) quarterly? (c) continuously?What are the future value and the interest earned if $3800 is invested for 7 years at 8% compounded quarterly? (Round your answers to the nearest cent.) Give typing answer with explanation and conclusion
- You decide to save $75,000 at each year-end for three years. If the interest rate is 8% compounded quarterly, the future value at the end of year 3 is _______.A. 243,480B. 244,049C. 283,435What is the future value of $13,000 to be received at the end of each quarter over a period of 10 years assuming you earn 6% interest annually? Enter your answer as a positive number (round to the nearest dollar if necessary).If you put $200,000 into your investment account now for 10 year at 5% annual interest, what is the difference in interest income between simple interest calculation and compound interest calculation? use Excel for calculation.
- What's the future value of an initial $100 after 3 years if it is invested in an account paying 10% annual interest and compounded annually? How about if the interest is compounded monthly, daily or hourly?If you invest $3.000 today, how much would you have in your account in 35 years from now if the interest rates are 7.0256% per year? Assume interest is compounded semiannually. Answer with formulas in Excel will be appreciated.Suppose you invested $1000 every 3 months over a 15 year period. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period. How much is the interest earned? Show all your calculations
- Consider the following future value. (Round your answers to the nearest cent.) $3,739 at 11 7/8% compounded monthly for 17 years and 7 months (a) Find the present value that will generate the given future value.$ ____________(b) Interpret the present value. One would have to invest $ ___________ now to have the future value in the given time.1. If you invest $ 2,000 now and it will become $ 6,000 at the end of 4 years, determine the nominal rate of interest and the corresponding effective rate of interest if the interest is compounded quarterly.Use the formula for compound interest with n compoundings per year to solve:How long, to the nearest tenth of a year, will it take $12,500 to grow to $20,000 at 6.5% annual interest compounded quarterly?