An investment of $1831.00 earned interest semi-annually. If the balance after 5.5 years was $2304.74, what nominal annual rate compounded semi-annually was charged? Round final answer to four decimal places.

Q: The annual interest, compounded annually at which $510 must be invested for it to grow to $2,005.82…

A: Present value (P) = $ 510 Future value (F) = $ 2005.82 Period (t) = 11 Years

Q: An investment of $4431.57 earns interest at 6.2% per annum compounded annually for 2 years. At that…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: A mortgage of #315,000 is amortized over 25 years by monthly payments of $2485.02. What is the…

A: Using excel RATE function

Q: Find the interest rate for a $5000 deposit accumulating to $6874.70, compounded quarterly for 8…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: What is the future value of 15 deposits of $2,330 each made at the beginning of each period and…

A: The question is based on the concept of Financial accounting.

Q: What is the present value of $8,690 to be received at the end of each of 18 periods, discounted at…

A: Present Value of Annuity = Annuity * Present Value Annuity Factor ( Rate, Periods )

Q: What is the nominal annual rate of interest compounded semi-annually if deposits of ​$225 made each…

A: Future value of Annuity= PMT (1+i)((1+i)^n-1)/i PMT= periodic payment= 225*6=$ 1350 i= Interest rate…

Q: Calculate the present value. (Round your answer to two decimal places.) A = $49,000, r = 7.6%…

A: Given information: Amount is $49,000 Interest rate 7.6% compounded annually Number of years is 37

Q: An investor contributes $847.00 per quarter in an account that pays 4.00% APR with quarterly…

A: Quarterly contribution = $847.00APR = 4.00%Number of years = 17 years

Q: investment, what nominal rate of interest, compounded semi-annually must you earn?

A: Information Provided: Principal = $26,000 Years = 13 Semiannual payments to be received = $1700

Q: Find the sum of money that accumulates to $1338.98 at 7.9% compounded quarterly in two years, ten…

A: According to the concept of present value, the amounts of money today are worth more than equivalent…

Q: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment.…

A: In finance, the concept of time value states that money today has more purchasing power than the…

Q: How much must be deposited at the end of each month for 7.75 years to accumulate to $1264.00 at 7%…

A: The given problem can be solved using PMT function in excel. PMT function computes savings/…

Q: A debt of​ $7311.92 is repaid by payments of $1795.22 in 8months ,​$1002.19 in 17months, and a final…

A: The future value of amounts shows the compounded worth of the current amount. It can be calculated…

Q: $3401 was invested in a 3-year compound-interest GIC. Its maturity value was $3775.8. What quarterly…

A: Compound interest is the method of calculating interest where the interest of one period is added to…

Q: A demand loan for $7745.46 with interest at 7.4% compounded quarterly is repaid after 6 years, 2…

A: Loan amount (P) = $ 7745.46 Interest rate = 7.4% Quarterly interest rate (r) = 7.4%/4 = 1.85% Period…

Q: If $1125.00 accumulates to $1248.19 in two years, six months compounded semi-annually, what is the…

A: The objective of the question is to find the effective annual rate of interest when the principal…

Q: Find the future value of and the compound interest on $100 invested at 4.7% compounded semi-annually…

A: Formula to be used: FV=PV * (1+rn)n*t where FV= Future value or accumulated value PV= Present value…

Q: Find the interest rate for a $9000 deposit accumulating to $11,517.62, compounded quarterly for 9…

A: Interest rate (r) = n[(A/P)1/nt - 1] Where, Number of compounding in a year (n) = 4 Years (t) = 9…

Q: Determine which is the better investment: 5.31%  compounded semiannually or 5.35% compounded…

A: Effective annual interest rate is the rate of interest that is achieved effectively after…

Q: What present value amounts to $10,651.04 if it is invested for 7 years at 11% compounded every 4…

A: Compound = 12 / 4 = 3 Payments = p = $10,651.04 Time = t = 7 * 3 = 21 Interest rate = r = 11 / 3 %

Q: What is the future value of $3,500 in 19 years at an APR of 8.8 percent compounded semiannually? (Do…

A: Here,Present value is $ 3,500Period is 19 YearsNumber of semi annual periods will be 19*2 = 38Annual…

Q: Equal deposits of $1200 are made at the end of each quarter in an account which earns 7.5%…

A: a.APR = 7.5% compounded monthlyFrequency, m = 12The effective annual interest rate is

Q: Given a 6.25 percent interest rate, compute the year 6 future value of deposits made in years 1, 2,…

A: Future value is an important tool For investors, understanding the future value is essential since…

Q: A three-year bank CD paying 7.02 percent compounded quarterly. Calculate effective annual interest…

A: The interest that an investor earns on the investment and a borrower pays on loan after considering…

Q: A debt of $5250.56 is repaid by payments of $1085.37 in 4 months, $1063.35 in 13 months, and a final…

A: Here,Question 1:ParticularsValuesPresent value of debt  $        5,250.56Amount repaid after 4…

Q: If $33,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the…

A: Investment = $ 33500 Interest rate = 6.8% Period = 30 Years

Q: What is the future value of 16 deposits of $2,500 each made at the beginning of each period and…

A: A fixed periodic payment of $2500 is being made here and so this is an annuity. As the payments are…

Q: What is the future value of 15 periodic payments of $39,000 each made at the end of each period and…

A: Time Period = 15 Years Payment = $39,000 Interest Rate = 8%

Q: If $1125.00 accumulates to $1248.19 in two years, six months compounded semi-annually, what is the…

A: The objective of the question is to find the effective annual rate of interest when the principal…

Q: Using the appropriate PV​ table, compute the present value of the following​ amounts : a. $24,000…

A: Solution: a.  Compute the present value : PV = Payment x ((1 - (1 + r)^(-n)) / r) Where r is the…