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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 annuityHow much should you invest into an account with 3.2% interest compounded quarterly if you want to recieve a payment of $1000 each quarter for the next 5 years ? Can you possibly show what equation is used instead of excel ? Thank youWhat is the initial amount, rounded to the nearest cent, that you would need to invest into an account earning 10.5% interest compounded daily, to have $5000 in a 3 year time span?
- 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?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 calculationsHow much you have in 3 1/2 years if you invests P8,000 at 6.6 percent interest compounded monthly?
- If you invest $1,127 at the end of each year for 6 years and you earn 14% interest compounded annually, how much will you have accumulated to the nearest dollar? Group of answer choices $10,581 $8,802 $9,860 $9,620 ......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.What is the future value of $700 deposited for one year earning 4 percent interest rate annually?
- Suppose your opportunity cost (interest rate/year) is 11% compounded annually. How much must you deposit in an account today if you want to pay yourself $230 at the end of each of the next 15 years? How much must you deposit if you want to pay yourself $230 at the beginning of each of the next 15 years?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.How much money will you have in 8 years if you invest $13,000 at a 4.6% annual rate of interest compounded quarterly? How much will you have if it is compounded monthly?
