Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…
A: Given:PV=$10,000r=7%=7100=0.07t (number of years)=9n (number of compounding)=365 (daily)
Q: Describe what is the Compound-Amount Factor?
A: The money is anything which is accepted by the society as a medium of exchange and has the main…
Q: How long in years will money double its amount if invested at 10% simple interest?
A: Given interest r= 10%
Q: homeowner planning a kitchen remodeling can afford a $700 monthly payment. How much can the…
A: Given, R = $700 Time = 5 years Rate (r) = 9%
Q: What is the effective interest rate per month if the interest rate is 9% compounded continuously?
A: The effective interest rate refers to the rate of interest that paid on an investment after to take…
Q: How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 5…
A: Future value tells us how much will be the worth of the amount deposited/invested today says after n…
Q: How long will it take for an investment to double at a 3% per year compound interest rate.
A: Interest is the cost of capital in the context of borrowed funds.
Q: Susain are considering investing $280 amount at an interest rate of 5% compounded annually for 15…
A: here we calculate the amount by both simple and compound method and choose the best method and…
Q: How many years will it take for an investment to be twice its value if it earns 8% compounded…
A: We use the rule of 72 here. No. of years needed to double any investment = 72/ interest rate
Q: Find FV: You have $2,000 in a savings account that earns 1.5% interest per year. What will be the…
A: Future value is the value of an asset present at a future date based on an expected growth rate…
Q: At what annual rate of interest, compounded quartile will money double in (3+R) years?
A: We are going to set up the mathematical equation to answer this question.
Q: How many years will it take for an investment to double, if the interest rate is 8% per year,…
A: Let the investment be P After doubling, the amount becomes =2P Annual compounding formula:…
Q: Suppose you were given a one time gift of $10,000 to put into a savings account. The account earns…
A: Compound interest is the rate of interest that is used to calculate the value added to a loan or a…
Q: %, compounded bimonthly. What future amount is due at the end o an period? Draw a cashflow diagram…
A: Future worth is the worth of a resource at a particular date. It estimates the ostensible future…
Q: How is a Compounding Period determined?
A: A compounding period can be considered as the span of time between when was last interest was…
Q: How long will it take money to quadruple itself if invested at 13% compounded annually?
A: Money quadruples meaning current value becomes four time in n years.
Q: A bank advertises quarterly compounding for business checking accounts. What payment and compounding…
A: A bank is a financial institution that is allowed to accept and make loans for deposits. Financial…
Q: If marry put $100,000 into an account that pays 4.5% annual interest, and she plan to withdraw…
A: here we calculate the time when account of Marry will empty by calculating the future value so the…
Q: A saving association pays 2% interest monthly. What is the effective annual rate of interest?
A: Effective annual interest rate = [1 + (i/n)]n - 1
Q: How can we calculate the effective interest rate, altering the period value?altering the period…
A: The effective interest rate refers to the rate of interest that is paid on an investment or loan or…
Q: How long in years will it take money to quadruple if it earns 7.5% compounded semi-annually?
A: Present Value (PV) = P Future Value (FV) = 4 times PV (quadruple) = 4P Interest rate compounded…
Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…
A: We use the rule of 72 here. Rule of 72: Years to double the principal = 72/Interest Rate
Q: How long (in years) will it take to quadruple it earns 0.08 compounded semiannually?
A: Given interest rate = 8 % compounded semiannually Semi annual rate = 8 / 2 = 4 % The rule of 144 The…
Q: Explain what is the Time Value of Money?
A: Time value of money is the concept that shows the difference between the amount of money in present…
Q: At 10% compounded annually, how long will it take for money to double itself?
A: Given: Interest rate = 10% (in percentage) To find out how long will it take for money to double…
Q: the amount payable on the
A: "Answer:
Q: Is the cash flow broken into four parts? What are they?
A: Answer - Cash Flow - Cash flow means the amount of cash present at a given time which cash used in…
Q: Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?
A: P = P3,000 n= 4 (because it is compounded quarterly) t = 9 r = 6% = 0.06 A = P(1+r/n)nt = 3000 x…
Q: If 10% annual interest rate, considering compounding semiannual rate is __________
A: The data presented to us is as follows:- Annual interest rate = 10% We need to calculate compounding…
Q: How many years will it take an investment to triple if the interest rate is 8% compounded…
A: Compound interest refers to the adding of interest to the principle amount of a loan or deposit, or…
Q: What is the effective annual interest rate?
A: The effective annual interest rate is the rate that takes the compounding period in the account. It…
Q: What formula do we use to find the present-worth equivalent of the constant-dollar amount?
A: Present worth is defined as the current value of the amount of money that a person will receive in…
Q: Rashed wants to make his investment triple its value at the end of twelve (12) years’ time. What…
A: We need to assume some terms such as interest rate , principle amount and then nee dto calculate the…
Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…
A: Future value of the investment can be defined as the accumulation of invested money at the given…
Q: Identify the number of times interest calculated in a year if the interest is compounded every three…
A: when the interest rate is compounded every 3 months then it has to be calculated for 4 times in a…
Q: If $3000 invsted in a compound interest account for 4 years, amounts to $3612, what is the annual…
A: Given, P+I = A = 3612 P = 3000 n = time = 4 years Compound interest Rate = r = ??
Q: if interest is compounded at 20% per year, how long will it take for $50,000 to accumulate to…
A: * SOLUTION :-
Q: What is equal-payment-series present-worth factor?
A: Answer - Equal Payment - Series worth factor - This help investor to calculate how much money need…
Q: Shalika puts $650 into a savings account that pays 3.2% interest per year, compounded annually. What…
A: Given Shalika puts 650 into account today that means present value P= $650 Rate of interest i=3.2%…
Q: If 100,000 is deposited in the bank annually with a 12% per year interest rate. how long will the…
A: There is an annual deposit of 100,000 in a bank with a 12% interest rate per annum. Periodic…
Q: The equation that is used to calculate a present worth from a single future amount is: A) P = F (1…
A: We discount future value with the said interest rate to find present value.
Q: Leo has $7 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent,…
A: Compound Interest formula= Final Amount−Initial amount Final amount formula:-…
Q: A loan of P7000 is made for a period of 15 months at a simple interest rate of 15%. What future…
A: The two methods used to calculate the interest on loans are simple interest and compound interest.…
Q: How many years would it take to take an investment of $28,000 to double 11% annual interest?
A: Present amount is 28000 and future amount is 2*28000 with rate of interest of 11%
Q: What is equivalent cash flow?
A: The cash flow expected for the return on an annuity is equivalent to the return on another…
Q: Ken wants to remodel his basement and he wants to pay back no more than $15,000. If he gets a low…
A: Compound interest is the interest on a loan or deposit calculated on both the initial principal and…
Q: Your mortgage compounds interest annually at an interest rate of 3.1%. If your loan was for…
A: Interest paid after 5 years= 115438.789
Q: If you borrow money from your friend, Ned, with simple interest of 12%, find the present worth of…
A: Simple interest formula: A = P(1+rt) Where A is the final value P is the initial value (or present…
Q: Why are the cash flows very important?
A: According to the Small Business Administration, insufficient cash reserves is a major explanation…
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- Zeke bought a $2,250 shed on the installment plan. He made a $400 down payment, and he has to make monthly payments of $91 for the next two years. How much total interest will he pay?Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have at the end of five years?i need it in words not hanndwritten