1. A man invests $4000 for 5 years at 4.2% compounded monthly. A. How much will be in the account at the end of the term? B. How much interest will be earned?
Q: Suppose an individual makes an initial investment of $2,400 in an account that earns 6.6%,…
A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…
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A: Information given in the question is as below: Investment today = $1800 Interest rate = 8% Time…
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A: Compound interest formula: A = P(1+r/n)^nt Where A is the future amount, P is the principal, r is…
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A: The future value is the future worth of the amount that will be paid or received in the future.
Q: c. You put $2,750 into an account earnings 4% interest compounded QUARTERLY. How much will be in…
A: Solution c: Amount invested (PV) = $2,750 Quarterly interest rate (I) = 4%/4 = 1% Nos of quarterly…
Q: At the end of each quarter, a life insurance client deposits Ph 6,176 for 5 years. If money is worth…
A: Quarterly deposit (P) = Ph 6,176 Interest rate = 5.3% Quarterly interest rate (r) = 5.3%/4 = 1.325%…
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A: We need to compute the present value in this question using following details : Deposit at end of…
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A: The amount of saving can be calculated as future value of annuity.
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A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: 1.Calculate the compound amount when $4000 is deposited in an account earning 6% interest,…
A: The Future Value of the annuity is the Future worth of a cash flow series at a certain rate of…
Q: If you initially invest $2200 in an account that earns 2.25% interest compounded continuously, how…
A: Initial investment (P) = $2200 Interest rate (r) = 2.25% Period (t) = 3 Years Mathematics constant…
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A: Computation:
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A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
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Q: You invest $10,000 in an account which pays 3% compounded monthly. How much is in the account after…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: Columbia Corporation deposited $2,000 in an account that pays 12% interest annually. If the interest…
A: Continuous compounding of an amount of $2,000 at an interest rate of 12% and for a period of 20…
Q: invests $80,000 today at 10% per annum, compounded quarterly. What will the balance of Sam's…
A: Effective rate = 0.10/4 = 0.025 n = 5 * 4 = 20 Current amount = 80000
Q: 1. An investment account was opened with an initial deposit of $9,600 and earns 7.4% interest,…
A:
Q: A borrower had a loan of $30,000.00 at 6% compounded annually, with 6 annual payments. Suppose the…
A: Given, Loan amount = $30,000 Rate of Interest = 6% Tenure = 6 years
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Q: You invest Rs. 10,000. During the first year the investment earned 20% for the year. During the…
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Q: You deposit $10,000 in an account earning 4% interest compounded monthly. a. How much will you have…
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A: The present value of a cash flow is the current worth of a cash flow at a certain rate of interest…
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A: Future Value of Cash Flow = Amount Invested * ( 1+r)n Where r is Rate of Interest and n is period…
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Q: You deposit $100 each month into an account earning 4% interest compounded monthly. a) How much…
A: Amount Deposited Each month is $100 Interest rate is 4% Compounded monthly Time period is 15 years…
Q: You have $1,500 to invest today at 7% interest compounded annually. How much will you have…
A: this future value which is what our investment is worth if invested today at given rate future…
Q: At the end of each quarter, a life insurance client deposits PhP 7,076 for 5 years. If money is…
A: Quarterly deposit (P) = Php 7076 Period = 5 Years Number of quarterly deposits (n) = 5*4 = 20…
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A: Dear student as per answering guideline we can answer only three sub parts if a question have more…
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Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…
A: (Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: If you initially invest $3500 in an account that earns 4.7% interest compounded daily, how much will…
A: Initial investment (PV) = $3500 Interest rate (r) = 4.7% Number of compounding per year (m) = 365…
Q: You deposit $300 each month into an account earning 3% interest compounded monthly. a) How much will…
A: Monthly deposit (P) = $300 Interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25% Period = 15…
Q: If $550 is deposited at the end of each quarter into an account paying 8% compounded quarterly, how…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
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A: Note: It is a case where the number of questions asked is more than one and no specified question is…
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Q: At the end of each quarter, a life insurance client deposits Ph 6,366 for 5 years. If money is worth…
A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…
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A: The future value is an estimation of value received in future on the basis of periodic cash deposits…
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.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 annuity
- Suppose you invest $1,200 in an account paying 4% interest per year. a. What is the balance in the account after 2 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"?Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest.a) How much would you need to deposit in the account each month?$b) How much interest will you earn?$You decide to invest $7,500 into an account that pays 1.1% annual compound interest. Write an equation for the balance of the account (B) after t years.
- Assume you deposit $5700 at the end of each year into an account paying 11.25 percent interest. A.) How much money will you have in the account in 19 years? B.) How much will you have if you make deposits for 38 years?If you deposit $250 each month into an individual retirment account that earns 4.8% interest compounded monthly, a.) How much will you have in the account 30 years from now ? b.) What is the interest earned on the account ?Suppose you invest $1,250 in an account paying 8% interest per year. a. What is the balance in the account after 3years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 31 years? How much of this balance corresponds to "interest on interest"?
- 2. Deposit the principal amount of P10,000 into a savings account that pays interest at the rate of 5%. What is the amount in the account after 1 year if the account is: a. compounded annually b. compounded semi-annually c. compounded quarterly d. compounded monthly e. Which is advantageous to the investor?Assume that you deposit RM700 in a savings account that pays 5% per year over 6 years. Your savings benefits from _____ as you leave the interest earnings in your account, and your interest earnings increases every year. Select one: a. compounding b. accumulating c. discounting d. aggregatingYou deposit $10,000 in an account earning 4% interest compounded monthly.a. How much will you have in the account in 25 years?b. How much interest will you earn?