At what per annum rate must $319 be compounded daily for it to grow to $625 in 11 years? (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%) (Assume 365 days in the year)

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: At what per annum rate must $344 be compounded monthly for it to grow to $771 in 9 years? (Round to…

A: Compound = n = Monthly = 12Present Value = pv = $344Future Value = fv = $771Time = t = 9 *12 = 108

Q: What is the present value of $1,000 paid at the end of each of the next 56 years if the interest…

A: Present value is the current worth of the amount deposited or received in future date.

Q: At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to…

A: FV = PV * (1 + i/n)^(n * Years) Where FV = Future Value = $18276.04 PV = Present Value = $15000 i =…

Q: Using 12 percent simple interest per year, how much interest will be owed on aloan of $500 at the…

A: Interest Rate(R) = 12 Loan Amount(P)=$500 Years(T) = 2

Q: What annual interest rate will cause $21,000 to grow to $46,000 in seventeen years (assume annual…

A: Initial investment (I) = $21,000Final value (F) = $46,000Period (n) = 17 YearsAnnual interest rate…

Q: If ​$8000 is invested at 6​% compounded​ continuously, what is the amount after 6 ​years?

A: Investment=$8000Interest rate=6%Number of years=6

Q: If $450 is deposited at the end of each quarter into an account paying 10% compounded quarterly, how…

A: The question is based on the concept of Annuity.

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 you invest $48500 to earn 7% interest, which of the following compounding approaches would return…

A: Compounding in simple language means the interest on the previous interest. So if the compounding…

Q: At what annual interest​ rate, compounded​ annually, would ​$490 have to be invested for it to grow…

A: Principal Amount (P): This is the initial sum of money you begin with or invest. It's the starting…

Q: If you save $335 at the beginning of every three months for ten years, for how long can you withdraw…

A: Saving (PMT)  $                       335.00 Time Period (Years) (NPER) 10 Interest Rate  8%…

Q: What equal payments in 2 years and 4 years would replace payments of $32, 500 and $72, 500 in 7…

A: The concept of time value of money will be used here. As per this concept money has the power to…

Q: How much money would you have to invest today at 9% APR compounded monthly to accumulate the sum of…

A: The problem is asking us to find out how much money we need to invest today (the present value) to…

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

A:

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: At what per annum rate must $232 be compounded monthly for it to grow to $617 in 10 years?

A: The time value of money is a concept that recognizes the principle that the value of money changes…

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: What annual return would you need to grow $10,000 to $19,000 over 14 years? Answer in percent,…

A: Return refers to amount received by investor by investing funds. It may be interest on Bonds,…

Q: uiva 6 1264%

A: Given information : Effective rate = 6% Times of compounding = 4

Q: Mr. Maillet has contributed $138.00 at the end of each month into an RRSP paying 6% per annum…

A:

Q: The annual interest​ rate, compounded​ annually, at which ​$500 must be invested for it to grow to…

A: Initial investment (I) = $500 Future value (FV) = $1,958.41 Period (p) = 12 years Annual interest…

Q: long (in years) would $800 have to be invested at 11.6%, compounded continuously, to earn $300…

A: Interest is the return that is earned by an investor on investing a certain sum for a set duration…

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: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…

A: Given: Present value = $19,000 Interest rate = 5% Years = 9

Q: If you save $580 at the beginning of every six months for nine years, for how long can you withdraw…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: You invested $5766 for 15 years at 6.66% per annum. How much more would you receive at the end of…

A: Investment amount = $ 5766 Interest rate = 6.66% Period = 15 Years

Q: If $32,500 is invested at 6.6% for 30 years, find the future value if the interest is compounded the…

A: According to bartleby guidelines, if question involves multiple subparts,  then 1st sub 3 parts…

Q: At 6% compounded annually, approximately how long will it take $750 to double based on the Rule of…

A: Rule of 72 is one of the important rule and calculation used in finance. It helps in estimating…

Q: What is the future value (in $) of $1,661 in 13 years assuming an interest rate of 4.15 percent…

A: Future value refers to the estimated monetary value of an asset or investment at a specified point…

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 should be the amount in an RRSP that is earning 7.00% compounded quarterly if it can be…

A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…