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: An amount of $1200.00 earns $300.00 interest in four years, nine months. What is the effective…

A: Amount (PV) = $1200 Interest = $300 Final Amount (FV) = $1200 + $300 = $1500 Time (NPER) = 4 x 12 +…

Q: What is the nominal annual rate of interest compounded monthly at which ​$1663.00 will accumulate to…

A: Number of monthly periods = Number of years×12 =3.25×12=39 Monthly interest rate is calculated using…

Q: debt of $9179.58 is repaid by payments of $1797.52 in 4 months, $1295.22 in 16 months, and a final…

A: The final payment in a debt refers to the last payment made by the borrower to the lender, which…

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: If $840.00 accumulates to $1177.12 in three years, nine months compounded quarterly, what is the…

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

Q: A debt of $9179.58 is repaid by payments of $1797.52 in 4 months, $1295.22 in 16 months, and a final…

A: Given: Loan amount “L” = $9179.58 Payment in 4th month "P1"= $1797.52 Payment in 16th month "P2"=…

Q: Sue Li deposited $200.00 into a savings account that compounded interest semi-annually. What nominal…

A: compound = semiannually = 2 Present value = pv = $200 Future value = fv = 585.30 Time = t = 3 * 2 =…

Q: How much interest (in dollars) is earned in 9 years on $8,500 deposited in an account paying 5%…

A: Future value (FV) refers to the amount of money that an investment will be worth at a future point…

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: How much must be deposited at the end of every six months for 5 years to accumulate to $2171.00 at…

A: Given information: Future value is $2,171.00 Interest rate is 5% compounded semi-annually, Number of…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded…

A: The deposit amount can be calculated with the help of future value of annuity due function

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: What present value amounts to $11,273.57 if it is invested for 5 years at 10% compounded annual?…

A: Present value is calculated using following equation Present value = Future value1+rn Where, r is…

Q: An investment of $4000 earned interest quarterly. If the balance after 6.5 years was $6000, what…

A: The concept of TVM states that money has an interest-earning capacity which makes money received…

Q: What was the annual rate of simple interest offered on a savings of $7106 if the amount of interest…

A: What was the annual rate of simple interest:- Given information:- Savings(P)…

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: What is the rate (in %) compounded semi-annually if 132511 accumulates to $398053 in 9 years and 3…

A: Given, Amount deposited 132511 Amount accumulated 398053 Term is 9 years and 3 months which is 9.25…

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: If an investment of $974.00 eamed interest of $189.00 at 6.3% compounded semi-annually, for how many…

A: The concept of time value of money will be applied here. A sum of money invested today attracts and…

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: If $15,500 is deposited in an account earning interest compounded continuously at 4.00% for 12…

A: Continously compounded interest rate:Continuously compounded interest rate represents a method of…

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: How much interest (in dollars) is earned in 7 years on $8,800 deposited in an account paying 7%…

A: To solve this problem, we can use the formula for compound interest: A = P(1 + r/n)^(nt) where: A…

Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: How much is P 100,000.00 worth in three years if deposited in a continuously compounded account with…

A: Investment                                         100,000 Period in years 3 Interest rate 3%…

Q: What amount would you have if you deposited $2,100 a year for 40 years at 9 percent (compounded…

A: Annuity refers to the series of equal payments or receipts made at regular intervals for a…

Q: Complete the table to determine the balance A for P dollars invested at rater for t years,…

A: The future value refers to the amount or value after the continuous compounding of the amount with…

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: Complete the table for an account in which interest is compounded continuously. (Round your answers…

A: This is a case of continuous compounding. We will have to convert the given rate to the EAR…

Q: What is the future value of $1,670 in 14 years assuming an interest rate of 8.5 percent compounded…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

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: If $525$⁢525 is invested at 14%14%, how much money will be in the account after 3030 months? Round…

A: An amount is the total payments received after a period of time for which it is borrowed.

Q: $ 143 is placed in an account that earns a nominal 8 percent interest, compounded quarterly.…

A: Initial Deposit (IV) = $143 Interest rate = 0.08 Quarterly interest rate (r) = 0.02 (i.e. 0.08 / 4)…

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: Determine how much is in each account on the basis of the indicated compounding after the specified…

A: Given, P is $5000 r is 3.1%

Q: Suppose that $850,000 is invested in a savings account paying 5.25% interest per year. (Round…

A: the given information  amount = $850,000 interest rate = 5.25%

Q: Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for…

A: Nominal interest rate is the rate of return without considering the inflation rate or before…