Q: If you put 1,000 in a savings account that yields an 7℅ annual rate of interest that is compounded…
A: Given: Present value = 1,000 Interest rate = 7% Periods = 25 weeks
Q: Your bank pays 2.7% interest per year. You put $1,200 in the bank today and $600 more in the bank in…
A: We need to ise compound interest formula to calculate amount of money in 2 years A=P(1+i)n Where…
Q: How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with…
A: Number of years refers to the time period for which the investment is paid. Sometimes, the period of…
Q: Suppose an investment will pay $19,000 in 16 years from now. If you can earn 10.15% interest…
A: Given information: Future value of investment is $19,000 Number of years is 16, Interest rate is…
Q: How much will you need to put in the bank today at 4% interest to have P20,000 in five years?
A: Lets understand, how to solve it. For solving the question, we need to use below formula. = Amount…
Q: You have $100 and a bank is offering 5.0% interest on deposits. If you deposit the money in the…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: $5,000 deposit, the bank will pay $400 every year in the rate of return of this investment)?
A: Given information : Initial deposit $5,000.00 Annual payment $ 400.00 Since the…
Q: d) You want to retire in 45 years with $1 million in the bank. You think you can get an average of…
A: Time value of money (TVM) is used to measure the value of money at different point of time in the…
Q: You expect to need $1500 in 3 years. Your bank offers 4% compounded semi-annually. How much money…
A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…
Q: How much is there in a savings account in 2 year we deposit $5,000 now at a rate of 0.25% per month…
A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…
Q: How much will you need to put in the bank today at 4% interest to have P20,000 in five years?
A: Present value is the sum of the current value of money of future cash flows. It is also known as a…
Q: Suppose you invested $50,000 into an account at a private bank that attracts annual interest of 20%…
A: The present value of a sum shows the amount of money available today. It is the discounted value of…
Q: suppose you have 100 dollars in a saving account and the bank adds 10 percent per year to the…
A: As per Time Value of money, Future value = Present value * (1+rate)^n
Q: Suppose you will save P 3,000 at the end of every three months in a bank that pays 3% compounded…
A: Future value is the value of an asset or a current asset at a future date based on an assumed rate…
Q: how much money should you deposit now into a bank account paying 6% compounded quarterly?
A: The amount currently deposited in order to accumulate a specified future total is represented by the…
Q: How much money should a man invest in a bank account paying 8 percent annual interest compounded…
A: Interest Rate = 8% Continuous Compounding Future Value Required = 20,000 T (Time Period) = 4 years…
Q: How long would it take for an investment of $3,500 to become $4,200 if it is invested in an account…
A: The provided information are: Principal amount (P) = $3500 Future value (A) = $4200 Compounding is…
Q: A bank projects that the value of an account they hold will be $2, 000, 000 in 5 years. If the…
A: Future value (FV) = $2,000,000 Period (t) = 5 Years Interest rate (r) = 5% Mathematics constant (e)…
Q: IF you deposit $300 each quarter into an account earning 3.2% compunded quarterly, how many years…
A: Given that;Quarterly deposit amount (pmt) is $300Future value of the amount is $15,000Interest rate…
Q: How much money should be invested in a financial institution that pays 3.25% simple interest if the…
A: r=3.25%t=5yearsA=450000
Q: How much will $200,000 deposited in an investment account earning an annual interest rate of 8½% be…
A: Given information: Present value $200,000 Annual interest rate is 8.5% Number of years is 1
Q: You deposit $5,000 in a savings account that earns 6% simple interest per year.How many years will…
A: We can use excel spreadsheet to solve this problem.
Q: You have an investment account that started with $4,000 10 years ago and which now has grown to…
A: (a) Holding period return = (Investment at end - Investment at beginning) / Investment at beginning…
Q: How much money should you invest now (to the nearest dollar) in an account that earns interest at a…
A: Future value (FV) = $ 291,000 Interest rate (r) = 8.9% Period (t) = 13 Years Constant (e) = 2.7183…
Q: Company A expect to have $1000 in one year. A bank is offering loans at 6% interest per year, how…
A: Given: Amount that is expected in one year (C) = $1000 Interest rate (r) = 6% =0.06 Number of years…
Q: ered by a bank an interest rate of 6.5% per annum, compounded annually. How much money will the…
A: The given problem can be solved using PV function in excel. PV function computes present worth for…
Q: You want to have $10000 in five years. How much should you deposit today if the bank pays 4%…
A: $10000 in 5 Years That is 5*12 months = 60 Months (n) Interest rate 4% annual compounded monthly…
Q: How much must I start investing now, per month, to have $1M in 25 years? The bank pays an APR of…
A: Present value refers to the current valuation for a future sum. Investors determine the present…
Q: Solve the following problem. If P100,000.00 is invested in a bank at 4.5% simple interest annually,…
A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…
Q: If an investor intends to double $35,000 by investing in a bank that pays 6% interest per year,…
A: Present value = $ 35000 Future value = 35000*2 = $ 70,000 Annual interest rate = 6%
Q: How many years will it take for your money to tripple if you deposit $300 in a bank account that…
A: Following is the answer to the given question
Q: Your bank pays 2.8% interest per year. You put $1,100 in the bank today and $650 more in the bank in…
A: The amount is two years will be the future value of the deposits made at times 0 and 1.
Q: I now have $12,000 in the bank earning interest of 0.50% per month. I need $22,000 to make a down…
A: Time value of money: Any amount invested today earns an additional income, called interest income,…
Q: How long will it take $50,000 placed in a savings account at 10% interest to grow into $100,000?
A: Introduction: PV= 50,000 FV=100,000 Interest = 10% F G 6 Present value 50000 7 Future…
Q: How many years will it take Rexchem, Inc. to accumulate $400,000 for a chemical feeder if the…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: If you want to accumulate $400,000 and you have $17,000 saved now, how many years will it take if…
A: GIVEN, PV = $17000 FV = $400,000 A= $490 R=4% M=12
Q: How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…
A: It can be calculated using following formula PV = FV / (1 + r / n)nt Where, PV = Present value FV =…
Q: How many years will be required for a given sum of money to be 8 times the principal amount, if it…
A: Let Present value be $100 So, future value will be = $100 * 8 = $800 Rate = 7.80%
Q: Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5% interest…
A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…
Q: How long would it take $1,000 to double if it was invested in a bank that paid 6% peryear? How long…
A: Note: Since here nothing is mentioned about the type of interest, we will assume it as compound…
Q: Your company wants to have GHS 135,000 four years from now to buy a new machine. As the financial…
A: GIVEN, fv=135,000 N=4 R=12% LET ANNUAL DEPOSIT = A
Q: How much would be in your savings account in 11 years after deposting $150 today if the bank pays 8…
A: Given: Present value (PV) = $150 Rate of interest (r) = 8% = 0.08 Number of years (n) = 11
Q: You have Rs. 9,000 to deposit. ABC Bank offers 12 percent per year compounded monthly, while King…
A: Future Value = Deposit Amount * ( 1 + Peroidic rate )Number of periods
Q: At time 0 you had $2500 in the bank and 21 years later you had $15650. Calculate the effective…
A: Effective interest rate can be described as the interest rate gained or paid in actual on a project.…
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- How long would it take $1,000 to double if it was invested in a bank that paid 6% peryear? How long would it take if the rate was 10%? (11.9 years, 7.27 years)How long it would take tk 150000 to double if it was invested in a bank at 6.5% interest rate?Solve the following problem. If P100,000.00 is invested in a bank at 4.5% simple interest annually, how much interest will the investor get after 5 years? are
- How many years would it take $50 to triple if it were invested in a bank that pays 3.8% per year?If you have $60,000 in a bank account that is paying an interest rate of 4 percent that is being compounded annually, how many years will it take to double your investment if the interest rate stays the same?Suppose you put $1000 in an account today and you need to have $6727.5 in the future. If the bank pays 10%, how many years (n) will it take you to have $6727.5?
- Suppose an investment will pay $21,000 in 29 years from now. If you can earn 11.35% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?How much money will you have after 4 years if you deposited P10,000.00 in a bank that pays 6% simple interest? 4. 5. How long will an amount of money triple at a simple interest rate of 1% per annum?Using the Rule of 72 concept please explain about how many years would it take to double your money if you found 3 banks that paid 3%, 6%, and 9% annual rate of return respectively?
- You have an investment account that started with $3,000 10 years ago and which now has grown to $8,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the savings bond earns 16% per year from now on, what will the account's value be 10 years from now?How long will it take $52,000 placed in a savings account at 10% interest to grow into $77,000?2. How much would you need to have deposited in a bank account 10 years ago in order to have £80, 000 today, given an interest rate of 2% per year compounded continuosly over that time period?