Approximately what interest rate would be needed in order to grow and investment of $1400 to $2500 in 10 years if the interest was compound monthly? A 5.88% B ,5.84%

Q: 5) How many years are required for P15k to increase to P20k if invested at 12% per year compounded…

A: Since you have asked multiple questions, we will solve the first question for you. Please ask…

Q: 1. Using the APR table, how much interest would be charged for a $10,000 loan at 12.5% for 3 years?…

A: Since, there is no information regarding the loan is compounded as annually or monthly is mentioned,…

Q: An investor receives $1,050 in 6 months in return for an investment of $1,000 now. What is the…

A: Compound = ContinuousFuture Value = fv = $1050Time = t = 6 / 12 = 0.5 YearsPresent Value = pv =…

Q: 4. If P3,200 is invested for 1 year at 9% compounded monthly, what is the compound interest on the…

A: In this question, we are required to compute the compound interest.   Compound interest: Compound…

Q: Nominal annual interest rates are 7.3%. If a businessperson has an opportunity to invest $40,000…

A: Option 1: If 40,000 invested at 7.3% for 5 years: Future Value = Present Value * ( 1 + Interest…

Q: How many years are required for Php 1000 to increase by Php 4000 if interest rate is pegged at 15%…

A: Future value: It represents the future worth of the present sum amount. Future value can be…

Q: Suppose that you deposit $200 at the end of each month into an account paying an expected annual…

A: given, monthly compounding N    =10 x 12 = 120I    =3%12PV   =0PMT =200   FV    = need to find

Q: 16. What monthly payments are required to acquire $50,000.00 in five years if the interest is…

A: Using PMT function in excel

Q: 5. Calculate the difference between the future values of $12,000 payable in 6 years at 5% simple and…

A: Note:Since you have posted multiple questions, we have solved first question for you. Kindly repost…

Q: Investment A will earn 0.5% per month.  Investment B will earn 6% per year.  Which investment will…

A: Investment A compounded monthly and Invested B is compounded annually. Therefore effective interest…

Q: An amount of $12 000 is invested for a period of 9 months at 3% p.a. compounded monthly. The…

A: We need to use the FV formula to determine the value after 9 months. The formula is as below FV = PV…

Q: Use the model 4-Pe" or 4-P(1+)".- where is the future value of P dollars invested at interest rate r…

A: Here,ParticularsValuesPresent value (PV) $ 8,000.00Interest rate2.50%Interest amount $…

Q: What ls the present value (PV) of an Investment that will pay $2,500 In five years if the…

A: The present value (PV) is the current worth of a future sum of money or stream of cash flows given a…

Q: COMPOUND INTEREST (a) Find the simple interest on 60,000 for one year at 10%. (b) Find the compound…

A: a) Simple Interest = Principal * Interest rate * Time period = 60,000 * 10% * 1 year = 6,000

Q: Which One of the Following is the Most Valuable. Assume a 12.00% Interest Rate with Annual…

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

Q: Suppose you are planning to save BDT 2,000 at the beginning of each of the next 10 years with 12%…

A: Annuity due is a term which describes a series of payments or savings that are equal at the…

Q: With an interest rate of 15 % how long does it take for an invest- ment to quadruple, if the…

A: Future Value formula with periodic compounding i.e. annual, monthly, semi-annual or quarterly…

Q: Given below are the future value factors for 1 at 10% for one to five periods. Interest is…

A: It is method of computing interest where interest is calculated over interest as well.

Q: n amount of $5000 was invested with an annual interest rate of 5.5% compounded monthly. Answer the…

A: Future value of amount is computed as follows:-FV = A * (1+r)nwhereFV = future value A = amount…

Q: 1. If the effective annual interest rate is 15% then what is the equivalent: Semi-annual rate…

A: To compute the nominal rate through effective rate then we consider the following…

Q: 38. Compounding intervals (S2.4) You are quoted an interest rate of 6% on an investment of $10…

A: Future value is computed by following formula-FV = A × (1+r)nwhere,FV = future value A = Amount…

Q: 34 What compound interest rate per year is equivalent to a 12% per year simple interest rate over a…

A: Let's assume amount invested is 100 Value of 100 after 15 years if invested at 12% per year simple…

Q: Try Yourself - Question 2 What annual rate is required for an investment to grow by 33% in 5 years…

A: The objective of the question is to find out the annual interest rate required for an investment to…

Q: Finance. Suppose that $2,700 is invested at 4.6% annual interest​ rate, compounded monthly. How much…

A: To calculate the future value of an investment with compound interest, we can use the formula:FV =…

Q: For a quoted annual interest rate of 5% with daily compounding, find the effective (i) annual rate,…

A: Present value refers to the current value of the annuity that is determined by discounting the cash…

Q: Suppose that $6,300 is invested at 3.1% annual interest rate, compounded monthly: How much money…

A: Future value is the estimated value of current assets that is discounted at an assumed rate of…

Q: An investment pays $40 annually, forever, starting 8 years from now (at t=8). The effective annual…

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: When an initial amount of è dollars is invested at r% annual interest compounded n times per year,…

A: The Initial amount of P Dollars is invested at r% annual interest , compounded n times per year ,…

Q: What annual interest rate (APR) would cause $1,500 to grow to $2000 in 4 years when compounding is…

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

Q: How long will it take to money quintuple at 10% interest rate when interest compounded: (i)…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: How many years (and months) will it take $4 million to grow to $7 million with an annual interest…

A: The concept of TVM refers to the interest-earning capacity of money which leads to money received…

Q: Star. An advertisement of an investment firm states that if you invest P500 in their firm today you…

A: Investment (PV) = P500 Future value (FV) = P2000 Period = 10 Years Quarterly period (n) = 10*4 = 40…

Q: You are working on a project, that is using a yearly nominal interest rate of 15% per year, which is…

A: The objective of the question is to calculate the effective quarterly interest rate from a nominal…

Q: what is the average EAR on an investment that earns 6% APR with monthly compounding for 5 years,…

A: The EAR is calculated for the compounded interest which shows the single rate that will provide same…

Q: You place $40,000 in an investment account today that earns 5% compounded semiannually. How much…

A: Amount invested today$40,000.00Additional amount invested at the end of each semi-annual…

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: Given a nominal rate of a 30%, what is the effective annual interest rate if the interest is…

A: using excel effective rate function

Q: How do you calculate the present and future value in months? Example: Calculate the FV of :…

A: Present Value:- Present Value(PV) is the discounted value of an amount or annunities or cashflows of…

Q: Finance. Suppose that $4,000 is invested at 4.6% annual interest rate, compounded monthly. How much…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…