Calculate what $890 would grow to at 7.5% per year compounded daily for 6 years. (Use the Table 12.2.) Note: Round your final answer to the nearest cent. Amount

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: P = $119,900 r = 5.5% t = 20 years

Q: What is the future value of an account if $8,000 is invested at a rate of 7% compounded monthly for…

A: Future Value = P * (1 + i/n)(n x t)Where: P = Initial Invested amount i = Annual interest rate n =…

Q: that money can earn 9% ompounded quarterly for 2 years, which as a greater future value for a…

A: As there is more compounding the more is effective rate and more is the future value of money. And…

Q: If you borrow $15,500 with a 5 percent interest rate to be repaid in seven equal payments at the end…

A: Answer of the given question is below with the proper explanation. Note-final answer is rounded at…

Q: What is the present value of $7,280 payable at the end of 9 years? Use a nominal rate (monthly…

A: Present value is a financial concept used to measure the present value of money in the future and to…

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Future value = Present Value×[1+Periodic interest rate]^n   n = Number of periods = 30 Periodic…

Q: Find the present value, using the present value formula and a calculator. (Round your answer to the…

A:

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 I invested an amount of money compounded monthly for 10 years with a discount rate 8.53 %. What…

A: Effective interest rate is interest rate after considering the impact of compounding on the interest…

Q: future

A: Introduction: The term future value refers to the sum of money that would be earned after the end of…

Q: Determine the principal that p at rate must be invested r = 3°, companded monthly, so that $500,000…

A: Principal = Future Value / (1 + r)^n

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Future value is calculated using fv function in excel

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Present Value (PV) = $953 Interest Rate = 5.5% No. of years = 7 Compounded Quarterly = 4 So,…

Q: Carla Vista Company is considering investing in an annuity contract that will return $34,500…

A: Present Value of Investment = Annual Return x Present Value of Annuity Factor

Q: If I invest P10,387 today and expect a reimbursement every 6 months with a rate of 11.54% compounded…

A: Total Investment = P10,387 Interest Rate = 11.54% Compounded Semi-Annually = 2 Total no. of years =…

Q: Find the present value of $10,000 if interest is paid at a rate of 9% per year, compounded anually…

A: The provided information are: Future value (FV) = $10,000 Rate of interest (r) = 9% = 0.09 Time…

Q: If $35,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the…

A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Currently, you have $30,000 that you would like to grow to $97,000 within the next 6 years. Assuming…

A: The concept of TVM refers to the interest-earning capacity of money which makes money earned earlier…

Q: Listen How much will you have in 6 years if you save $3,600 at the end of every six months? Money…

A: The concept of money's time value reveals that any sum of money is worth more currently as compared…

Q: Compute the simple interest INT for the specified length of time and the future value FV at the end…

A: Simple interest is the formula for determining interest with respect to the principal amount, time,…

Q: Find the present value, using the present value formula and a calculator. (Round your answer to the…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: You are going to deposit $4100 in an account that pays 0.47 percent interest month. How much will…

A: Future value is the estimated value of a current asset through a discount rate for a future date.…

Q: You wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how…

A: The question gives the following information:

Q: Give your answers to the nearest cent. A. Find the future value of $5,500 deposited for four years…

A:

Q: You are considering taking out a loan of $11,000.00 that will be paid back over 10 years with…

A: Unpaid loan balance will be the present value of outstanding payments that are not yet paid based on…

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Given data, Present value (PV) = $43.67 Rate of interest (r) = 5.5% Number of years (t) = 3

Q: Consider the following future value. (Round your answers to the nearest cent.) $3,739 at 11 7/8%…

A: The question is based on the concept of time value of money, where one dollar is worth more today…

Q: Find the present value of $80,000 due in 3 years at the given rate of interest. (Use a 365-day year.…

A: Present value is the current value of some future value of the amount it will be having when the…

Q: If a person saves $62 a month by using coupons and doing comparison shopping, (a) what is the amount…

A: Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: You wish to save $58000 in an account which pays 7% compounded quarterly by making monthly deposits…

A: Given:   Expected value in the account in future  $58,000.00 Interest rate per year 7%…