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: 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: 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: 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: Calculate the perpetual equivalent annual cost (years 1 to ∞) of $825,000 now and $1,000,000, 8…

A: Cost now (C0) = $ 825,000 Cost after 8 years (C8) = $ 1,000,000 Period (n) = 8 Years Interest rate…

Q: What payment, made at the end of each year for 11 years, will accumulate to $14,500 at 6% compounded…

A: Here the effective annual rate (ear) will be computed first.EAR = (1+(given rate/m))^m-1Given rate…

Q: If the cost of capital is 12%, what is the present value of a perpetuity that pays $11,000 at the…

A: The present value of perpetuity can be calculated as ratio of cash flows and the discount rate

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: 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: Calculate the perpetual equivalent annual cost (years 1 to ∞) of $950,000 now and $775,000, 8 years…

A: In year 0,Cash flow= 950000 + 775000/(1 + 0.11)^8= 1286293.0346

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: A sum of money invested now at 10 percent compounded semi-annually is to provide payments of $1500…

A: Let the money to be invested now = X Semiannual payment (A) = $1500 Number of payments (n) = 16 r =…

Q: An insurance policy provides a benefit of $21,500 twenty two years from now. Alternatively, the…

A: Amount to received after 22 years 21,500 Payment per year is $590

Q: An insurance company is offering quarterly payments of $540 for the next 21 years in exchange for a…

A: Rate function in excel returns the periodic rate of return..Syntax: =RATE(nper, pmt, pv)Since the…

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: 14. Suppose you invest $4000 in a Compound Interest account, at an APR of 3% for 10 years. What is…

A: An interest rate method in which current interest is computed by multiplying the interest rate by…

Q: An insurance company is offering quarterly payments of $720 for the next 25 years in exchange for a…

A: Calculate the rate of return per annum using Excel as follows:Formula sheet:Notes:To understand the…

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: At what interest rate compounded quarterly will 90,000 amount to 100,000 in 8 years?    Choices…

A: Present Value = 90,000 Future Value = 100,000 Time Period = 8 Years

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: At end of three years, how much is an initial deposit of $100 worth, assuming a compound annual rate…

A: FV is the worth of amount that will be paid or received in future. The formula for the computation…

Q: Find the present value of the following future amount. $200,000 at 10% compounded quarterly for 15…

A: Future Amount is $200,000 Interest rate is 10% Compounded Quarterly Time period is 15 years…

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: The problem relates to ANNUITY DUE. Annuity due is an annuity whose payment is due immediately at…

Q: How much money must be deposited at the end of each quarter if the objective is to accumulate…

A: Working note:

Q: Find the present value of the following future amount. $500,000 at 6% compounded quarterly for 30…

A: Compound = Quarterly = 4 Future value = fv = $500,000 Interest rate = r = 6 / 4 = 1.5% Time = t = 30…

Q: If 400,000 is deposited at the rate of 6% compounded annually at the beginning of each period for 6…

A: The Future value of annuity due is the total future value of each cash flow which is made at the…

Q: $84,000 is invested in an annuity that earns 5.7%, compounded quarterly, what payments will it…

A: Investment amount=$84000 Interest rate=5.7% Quarterly interest rate=r=5.7/4=1.425% Compounding…

Q: What is the effective annualized rate compounded continuously that is equivalent to 16.000% per…

A: First, let's determine the effective annual rate (EAR) for a 16.000% per annum rate compounded…

Q: At what per annum rate must $373 be compounded monthly for it to grow to $756 in 10 years? (Round to…

A: We can use future value(with compound interest) formula to find the annual rate.FV=PV*(1+r/n)^nt

Q: At what per annum rate must $357 be compounded monthly for it to grow to $760 in 11 years? (Round to…

A: To calculate the annual interest rate we will use the below formula   Annual interest rate =…

Q: an insurance company is offering quarterly payments of $750 for the next 21 years Exchange for a…

A:

Q: Future value) To what amount will ​$4,900 invested for 9 years at 11 percent compounded annually…

A: Future value will be reflective of the value of present investment in future after compounding it…

Q: What is the future value of $1,200 in 20 years at an APR of 8.00 percent compounded semiannually?

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

Q: You decide to save $75,000 at each year-end for three years. If the interest rate is 8%  compounded…

A: The FV of an investment refers to the combined worth of the cash flows of the investment assuming…

Q: If $1000 is invested annually at 6% continuous compounding for each of 10 years, how much is in the…

A: Future Value of continuously compounding annuity = A * (e^rt -1) / (e^r -1) Where r = rate of…

Q: If P8,000 shall accumulate for 10 years at 12% compounded quarterly. Find the compound interest at…

A: Investment amount (P) = P 8000 Interest rate  = 12% Quarterly interest rate (r) = 12%/4 = 3% Period…

Q: Calculate what $890 would grow to at 7.5% per year compounded daily for 6 years. (Use the Table…

A: To  calculate the future value we will use the below formula   Future value = PV*(1+(r/m))n*m Where…

Q: If $650 000 is saved for retirement, what rate of interest, compounded monthly, will provide…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: With a present value of $125,000, what is the size of the withdrawals that can be made at the end of…

A: Present value (PV) = $125,000 Period = 10 Years Quarterly periods (n) = 10*4 = 40 Interest rate =…

Q: What sum must be deposited today at 18 percent per year compounded monthly if the goal 5 years from…

A: Time value of money is one widely used by the management to evaluate the project and to determine…