Calculate the future value (in dollars) of $1,150 deposited into an account earning an annual simple interest rate of 6% compounded daily after 3 years

Q: What is the future value of a single $5,000 deposit earning 8 percent interest, compounded monthly,…

A: Formula:

Q: You make periodic deposits of $100 at the end of every six months to an account that pays 4.5%…

A: Part a: Calculating the Future Value of the Account 1. Interest Rate Per Period: The interest rate…

Q: what is the future value of $13000 received today and deposited 7 years in an account that pay 12%…

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

Q: Find the value of an ordinary annuity if payments are made in the amount of R and interest is…

A: Annuity means regular payments or receipt of the same amount at the same interval period. Future…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: Find the amount accumulated FV in the given annuity account.  $150 is deposited monthly for 19 years…

A: Future Value is the value of all future cash flows compounding at a prescribed rate of return, for a…

Q: Use the simple interest formula message to find the future value of an ordinary annuity of $3300…

A: An annuity is a payment series that provides the holder with future cash flows in exchange for a…

Q: What is the present value of a 8-year ordinary annuity with annual payments of $523, evaluated at a…

A: The PV of an annuity refers to the total value of its cash flows at present assuming they are…

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: Future value is the value of current cashflow compounded at specified rate to future date.

Q: Assume that you make quarterly payments of $ 575 into an annuity paying 6% interest compounded…

A: Variables in the question:PMT=$575 (quarterly payment)Rate=6% (compounded quarterly)N=12 years

Q: Find the present value of the annuity that will pay $850 every month for 3 years from an account…

A: To calculate the present value we will use the below formula   Present value = P*[1-(1+r)-n]/r Where…

Q: Determine the interest rate earned on a $1,500 deposit when $1,680 is paid back in one year.

A: Details given are : Present value of deposit = $1500 Future value of deposit = $1680 Time period = 1…

Q: Find the compound amount for the following deposit. $16,000 at 5% compounded quarterly for 10 years.…

A: The future value (FV) of an investment is the value of the investment at a future point in time,…

Q: Assume that you make monthly payments of $ 750 into an ordinary annuity paying 4% compounded…

A: The time value of money concept will be used and applied here. Ordinary annuity means annuity or the…

Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

A: Future value refers to an amount of the current asset at some future date. It is helpful in…

Q: You deposit $700 at the end of each month into an account earning interest at an annual rate of r…

A: Future value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: Find the future value of a 6-year annuity due with payments of $1,400 and an annually compounded…

A: The future value represents the value of an investment in the future after considering the effect of…

Q: Calculate the future value of the following annuities, assuming each annuity payment is made at the…

A:

Q: Calculate the present value of an ordinary annuity providing $500 every year for 6 years. The…

A:

Q: Find the future value of the following ordinary annuities. Payments are made and interest is…

A: The Future Value of an Ordinary Annuity refers to the concept which gives out the compounded or…

Q: Compute the annual interest, total interest, and amount to be received or paid at the end of the…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: Calculate the future sum of $1,200, given that it will be held in the bank for 5 years and earn 14%…

A: Below details are given in the question : Present value = $1200 Time period = 5 years  Interest rate…

Q: Find the future value of an annuity of P5,750 payable at the end of each quarter for 8 years if the…

A: Solution Annuity 5750 Period 8 years Number of annuity period =8*4 =32 Rate of…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Annuity refers to the amount that is received periodically based on the sum deposited. The deposited…

Q: Find the future value of a 6-year annuity due with payments of $1,800 and an annually compounded…

A: Annuity due is a type of annuity in which the payments will be accruing at the beginning of the…

Q: You decide to deposit $103 monthly in a 2.98% annual interest bearing account over the next 8 years.…

A: Gross amount placed in the account is simply the sum of all the payments made in the account.

Q: ind the future values and the int arned for the following annuities very 2 months for 1 year, 8 mont…

A: Future values of annuities include the amount deposited and the interest being accumulated over the…

Q: use the appropriate formula to find out how much you should deposit now at 8% interest compounded…

A: The deposit amount can be calculated as the present value of annuity due.

Q: A monthly deposit of $300 is put into an account earning 5% interest compounded monthly. Round to…

A: Solution:- When an equal amount is depsited each period at end of period, it is called ordinary…

Q: Find the future value of annuity due with a $150 monthly payment at 6 1⁄4 % interest after thirteen…

A: An annuity is a stream of cash flows that are regularly paid to an individual at regular intervals…

Q: Find the future value of an ordinary annuity of 560 paid at the end of each quarter for 2 years, if…

A: We need to use future value of ordinary annuity formula to calculate the future value after 2 years.…