Find the time required for an investment of 4,000 dollars to grow to 14,000 dollars at an interest rate of 5% per year, compounded monthly. Give your answer accurate to 2 decimal places. years.
Q: If you have $5500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…
A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…
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: If an investment of $5,000 is made in an account returning 2% p.a. then how long will it take for…
A: Using excel NPER function
Q: If $2500 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…
A: The formula used as follows: A=P1+rnnt
Q: A power plant is planning an expansion worth $4 million now. What uniform revenue every six months…
A: Investment now (X) = $4 million Let the revenue every six months = A Interest rate = 12% monthly…
Q: If $5,000 is invested at an annual rate of 6.5% compounded continuously, the future value S at any…
A: Information Provided; Principal = $5000 Annual rate = 6.5% compounded continously
Q: - Approximately how many years would it take for an investment to grow five fold if it were invested…
A: In the given question we require to calculate the the number of years that make the investment…
Q: Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate…
A: we have convert annual rate to quarter period interest and period into quarterly period also.
Q: Compute the future value of $536 invested every year if the appropriate rate is 11.2% and you invest…
A: Annual deposit (A) = $536 r = 11.2% n = 4 years
Q: Find the time required for an investment of 3000 dollars to grow to 12000 dollars at an interest…
A: GIVEN, pv = $3000 fv = $12000 rate = 4% monthly compounding m = 12
Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…
A: 1. Future Value = Present Value * (1 + Interest per Compounding Period)^# of Periods Investment =…
Q: An investment pays 10% interest compounded continuously. If money is invested steadily at the rate…
A: Continuous Compounding: It is the maximum limit of the compound interest if it is calculated and…
Q: If you have $4500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…
A: Amount available now (PV) = $4500 Period = 10 Years Monthly period (n) = 10*12 = 120 Interest rate =…
Q: Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the…
A: Future Value = Present Value (1 + g)n
Q: What annual rate of return is earned on a $1,000 investment when it grows to $2,700 in eight years?…
A: Return can be calculated as: Return = Closing Value - Opening ValueOpening Value Substituting the…
Q: A man invested ₱130,000 at an interest rate of 10% compounded annually. What will be the final…
A: Calculate the compounded value after five years as below:. Resultant table: Hence, the compounded…
Q: How much will have to be invested at the beginning of each year at 7%, compounded annually, to pay…
A: Future value = Present value (1 + Rate of interest)number of years
Q: A sum of money invested now at 10 percent compounded semi-annually is to provide payments of $1500…
A: Let the money to be invested now = X Semiannual payment (A) = $1500 Number of payments (n) = 16 r =…
Q: With an interest rate of 8%, how long does it take for an investment of $10, 400 to grow to $20,…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and…
A: There are various types of Bank Accounts, one of the basic and most commonly used is Saving's…
Q: $6,000 is invested at a rate of 2% compounded continuously for the first 2 years, then at a rate of…
A: Amount to be invested (P) = $6000 Interest rate for first 2 years = 2% Interest rate for next 2…
Q: What annual rate of return is earned on a $5,000 investment when it grows to $9,000 in five years?…
A: We need to use the concept of time value of money to solve the question. According to the concept of…
Q: An investment of $40,000 yields a net annual income of $8,000 for 11 years. What is the annual…
A: Information Provided: Present value of investment = $40,000 Annual Income = $8000 Term = 11 years
Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…
A: given, Fv = $1000 n=7 m=52 r=12%
Q: Suppose that $1,000 is invested for 4 years at an interest rate of 12%, compounded quarterly. How…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: Find the time required for an investment of 5000 dollars to grow to 8700 dollars at an interest rate…
A: The time can be computed using excel as follows:
Q: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…
A: Given: Present value = $19,000 Interest rate = 5% Years = 9
Q: Approximately how many years would it take for an investment to grow fivefold if it were invested…
A: Investment amount (P) = $1 Future value (FV) = $5 Interest rate (r) = 9% Number of compounding per…
Q: If $9,000 is invested at 6% per year compounded monthly, the future value S at any time t (in…
A: Future Value(FV) is value of any present amount in future period. It is computed by compounding that…
Q: Determine when, to the nearest year, $3,000 invested at 5% per year, compounded daily, will be worth…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: You have decided to set aside a fixed amount every quarter in order to have $12,000 available for a…
A: The amount to be deposited every quarter can be calculated with the help of future value of annuity…
Q: How much was initially invested if the value of the investment is at ₱200,000 after 3 and a half…
A: Present Value: It is the present worth of the investment amount, discounted at an interest rate for…
Q: If 14700 dollars is invested at an interest rate of 9 percent per year, compounded semiannually,…
A: The amount at the end of a specific number of years will be the future value of the initial deposit.
Q: If 2400 dollars is invested in an account for 10 years. Find the value of the investment at the end…
A: Future value(FV) is the value of initial investments at a future date after compounding it with a…
Q: If 36,400 dollars is invested at an interest rate of 7 percent per year, find the value of the…
A: The future value is the future worth of the amount that will be paid or received in the future.
Q: Suppose that a savings account attracts an interest rate of 1.6% per annum. How much would need to…
A: Present value means the current value of future money or cash flow given a specified rate of return.…
Q: If $ 30000 is invested at 8% interest per year, compounded continuously, how much will be in the…
A:
Q: How many years will it take $145,000 to grow to $645,000 if it is invested in an account with a…
A: We use NPER function in excel to calculate time taken
Q: Determine the annual rate of interest, to the nearest tenth of a percent, given that the investment…
A: N = 6*12 = 72 PV = 34500 PMT =0 FV = -49750
Q: set up an equation and solve each problem. Suppose that $500 is invested at a certain rate of…
A: Introduction Future Value: The utility of cash or an asset at a future date is referred to as…
Q: What will $82,000 grow to be in 11 years if it is invested at 8% and the interest rate is…
A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…
Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…
A: given, pv = $10,000 r= 0.2% n = 8 years = 8 x 12 = 96 months
Q: Calculate the future value of an investment of $3,500, after one year, if it is deposited in a…
A: Where, A=future valueP=present valuer=rate of interestn=time period.
Q: Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate…
A: Principal Value = P = $5,000 Amount Value = A = $8,000 Interest Rate = 7.5% Compounded Quarterly = n…
Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…
A: The value of the cash flow after a particular time period with the addition of the interest amount…
Q: ind the time required for an investment of $5,000 to grow to $6,600 at an interest rate of 7.5% per…
A: Principal Value = P = $5,000 Amount = A = $6,600 Interest rate = R = 7.5% The compounded quarterly…
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- Suppose you want to have $300,000 for retirement in 20 years. Your account earns 10% interest. How much would you need to deposit in the account each month? Submit Question ath.com/course/showcalendar.php?cid=179278 Q SearchHow much would you need to deposit in an account each month in order to have $20,000 in the account in 9 years? Assume the account earns 6% interest. Submit Question .com/course/showcalendar.php?cid=179278 Q SearchFind the time required for an investment of 5000 dollars to grow to 8700 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t years. You may enter the exact value or round to 2 decimal places. Question Help: D Video M Message instructor
- You invest $ 500 today and receive $ 750 at the end of 5 years. a. DETERMINE the internal rate of return, using hand interpolation. Write answer to 2 decimal places. b. SUBMIT the procedures via the spreadsheet icon. Show all your computations. -Use the formula for computing future value using compound interest to determine the value of an account at the end of 8 years if a principal amount of $13,000 is deposited in an account at an annual interest rate of 5% and the interest is compounded quarterly. The amount after 8 years will be $ (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. All narts showing javascript:doExercise(9); Clear All Check Answer sy Po a 99+Find the interest earned on $5,750 deposited into a savings account for 3 1/2 years at an annual interest rate of 4 1/2% a. What formula should be used? b. What are you trying to find and what variable does it represent in the formula? c. Solve the problem showing all of your work (must show all steps!!) d. Interpet your answer using a complete sentence You may use the box below to upoload a picture of your written explanation or type it out in the box. Use the "mountain" button to add pictures.
- Find how much money needs to be deposited now into an account to obtain $4,400 (Future Value) in 12 years if the interest rate is 5.5% per year compounded continuously. The final amount is $ Round your answer to 2 decimal places Question Help: D Video M Message instructorSOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please If a person deposits today $ 50,000 in a fixed term with interest of 5.3% quarterly interest, for 6 months and when the term arrives, he decides to reinvest the initial deposit plus the interest generated. How long will it have 9 months after the first investment?Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount Interest Compounding Investment time rate period 4% semiannually 2 years Click here to view page 1 of the table. Click here to view page 2 of the table. needed $2,000 The amount that should be set aside today is $ (Round to the nearest cent as needed.)
- Suppose you want to have $700,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? S Question Help: Video Submit Question Q Search hp HCalculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.) $1,000 at 8% simple interest; deposit $650 _____years, ________daysFind the amount that should be set aside today to yield the desired future amount. Use the table. Future amount Interest Compounding Investment time rate period 4% semiannually 4 years Click here to view page 1 of the table. Click here to view page 2 of the table. needed $2,000 The amount that should be set aside today is $ GLEED (Round to the nearest cent as needed.)