Sally Ross has $ 19,000 to invest today at 9% to pay a debt of $ 37,859. How many years will it take her to accumulate enough to liquidate the debt? (Round answer to 0 decimal places, e.g. 45.) years (c)

Q: Jumbo Bato borrowed money from Rovin Patila,payable for 3 years. If the interest rate per year is…

A: Data given: Interest rate (r) = 9% p.a. (assumed simple interest rate) n= 3 years   Loan amount (P)…

Q: Pharoah Curtin borrowed $31,500 on July 1, 2027. This amount plus accrued interest at 8% compounded…

A: Step 1: The loan amount to be repaid can be calculated as follows:Sl. No.AB1Loan…

Q: George deposits $500 at the end of each quarter for 6 years, in an account paying 12 % compounded…

A: Annuity means a set of finite number of payments made in equal intervals of time for a certain…

Q: Angela Martin has $20,100 to invest today at 10% to pay a debt of $57,348. How many years will it…

A: Please find the number of years it will take Angela to settle off the loan amount of $57,348 if she…

Q: Today, Thomas deposited $130,000 in a three year, 4% investment account that compounds quarterly…

A: Future value means the future worth of the money received or paid today. The future value is…

Q: A person deposits ¢ 1,000 annually, in an account for 5 years, at the end of the 5 years, withdraws,…

A: The future value method for compounding the amount is important in financial management. It helps in…

Q: Assume that your client invests $2,700 at the end of each of the next two years. The investments…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: If $8,000 is invested in a certain business at the start of the year, the investor will receive…

A: The present value of a business opportunity is the current worth of potential future cash flows or…

Q: Use the formula FV = P(1 + R)N  Rigoberto invests $8,000, at 6% interest, compounded semiannually…

A: Interest The return an investor receives on an investment is called interest. More interest can be…

Q: Using an interest rate of 8% compounded quarterly, in how many months from today should this payment…

A: First, we are going to discount every payment due to PV using the formula below: PV = CFn(1+r)nWhere…

Q: A principal of $3300 is invested at 4.5% interest, compounded annually. How many years will it take…

A: Future value refers to the value of an investment or asset at a specific point in the future,…

Q: An engineering graduate starts a new job at $60,000 per year. Her investments are depostied at the…

A:

Q: Mark Welsch deposits $7,400 in an account that earns interest at an annual rate of 12%, compounded…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: Compute the value in 35 years of a $1,500 deposit earning 8 percent per year. (Do not round…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: You deposit $64000 into an account which pays 5% compounded monthly. You wish to make semiannual…

A: Amount that can be withdrawn from account depends on the period of withdrawal and interest rate of…

Q: Calculate the amount of interest you'll have at the end of the indicated period. 22) You invest…

A: Simple Interest is method of computing interest where compounding is not done. Compounding refers to…

Q: Mark Welsch deposits $7,900 in an a earned interest must remain in the ac years? (PV of $1, FV of…

A: Given: Deposit = $7,900 Interest rate = 12% Years = 2

Q: Mark Welsch deposits $7,300 in an account that earns interest at an annual rate of 4%, compounded…

A: Given that:annual interest rate = 4% compounded quarterlyPeriod = 2 yearsPresent value = $7300

Q: James deposits $1000 at the end of each quarter for 10 years, in an account paying 18 % compounded…

A: Quarterly deposit (P) = $1000 Period = 10 Years Quarterly period (n) = 10*4 = 40 Interest rate = 18%…

Q: An individual intends to invest $3,000 monthly for two years in a financial asset that pays the…

A: Period of deposits that is monthly and compounding of interest rate that is monthly here both should…

Q: 7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: 4. A person invests $500 in a CD that yields 4% compounded semi- annually. a) What is the total…

A: Solution a: Semiannual interest rate = 4%/2= 2% Nos of semiannual periods = 5*2 =10 Accumulated…

Q: Maria Quick made an investment of $13, 695.17. From this investment, she will receive $1, 600…

A: An annuity is a financial product that involves a series of payments made at regular intervals over…

Q: Elle earns $238.50 in an investment of $1.700 over 1.5 years. What rate of simple interest did the…

A: Simple Interest: It is a method used to compute the value of simple interest charges on a loan.  It…

Q: 25. Suppose a couple has $125,000 in a retirement account which pays 6% compounded continuously.…

A: According to time value of money: fv=pv×ert where, fv=future valuepv=present valuer=rate of…

Q: What is the balance in an investment account at the end of 5 years if $3,000 is deposited today and…

A: To calculate the future value of an investment with the formula to be engaged…

Q: Appa deposits $4000 in an account earning 2.9% interest compounded monthly. How much will Appa have…

A: Nominal rate 2.90% Compounding Monthly Effective annual rate ((1+2.9%/12)^12)-1) Effective…

Q: Assume that your client invests $2,300 at the end of each of the next four years. The investments…

A: Annual year-end payment (P) = $2,300Annual interest rate (r) = 5.3% or 0.053Number of years (n) =…

Q: John Mojico invested her USD 20,000 in a BPI Time Deposit Account earning 2.8% simple interest for 2…

A: Simple interest is referred as the quick as well as easy method for the calculation of the interest…

Q: Julia Roberts deposits 4600 dollars in an account paying an effective rate of interest of 5.2…

A: Simple Interest formula is  Amount = Principal + (Principal*rate*time)

Q: Michelle Payne deposited $24,000 in a savings account paying 6.25% simple interest. How long (in…

A: Formula: FV=PV×1+rt

Q: Karen White deposited $3,800 today in an account paying 6 percent interest annually. (If you solve…

A: Simple interest rate and compounding interest rate are the different types of interest rates. Simple…

Q: Cynthia Reynolds deposited $22,000 in an account paying interest of 4% compounded annually. Click…

A: Lets understand the basics. Compounding interest is a interest calculated on the principle as well…

Q: A woman invests $8750 in an account that earns 6% interest per year, compounded quarterly.  Find the…

A: Given information: Present value is $8,750 Interest rate is 6% Number of years is 19

Q: Shawn Bowker invested $10,000 in a money market account that will pay 5.75 percent compounded…

A: Simple interest denotes the interest earned remains the same for each period as the principal amount…

Q: Amy Ross has $19,200 to invest today at 12% to pay a debt of $74,803. How many years will it take…

A: We should use the following formula A = P ( 1 + r )n A = Future value = 74,803 P = Present value =…

Q: Asante invested his $1000 in his account five years ago. The account yields interest of 20% per…

A: Time value of money is a concept where interest component for the time period money used is…

Q: 1.What is the future value of $2,000 after 3 years if the interest rate is 8%, compounded…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: 16. You deposited $5000 into an account at an annual interest of 8% compounded semiannually. What is…

A: using excel fV function

Q: A person has to make two payments to pay off a debt. The first payment is due 3 years from now in…

A: The concepts of time value of money will be used to get the answers to the problem. The amount paid…

Q: How much should a family deposit at the end of every 6 months in order to have $ 4000 at the end of…

A: Variables in the question:FV=$4000N=3 yearsRate=4.6% (compounded semi-annually)Required: Amount to…

Q: Helen Quick made an investment of $20,542.75. From this investment, she will receive $2,400 annually…

A: Step 1: The calculation of the rate of interest AB1Present value $ 20,542.75 2Annual receiving $…

Q: Use the compound interest formula to calculate the compound amount (in $) for your investment.

A: Future Value: It is the future worth of the investment amount or a sum of money compounded at a…

Q: I need to have $440,000 in five years in order to retire. I can buy bonds that will pay a 8.8%…

A: FV = A * (1+r)n where , FV = future value A = amount of investment today r = interest rate n = time…

Q: Arthur is deciding to make end-of-year deposits of P1,200 per year. What rate of return would enable…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…