Compounded Continuously an investment of  $400 at a rate of 35% for 2 years. what is the future amount

Q: Engr. Gundran wishes his son to receive 10,813 10 years from now. What amount should he invest if it…

A: Compounding is the phrase used to explain how the interest that is generated on both the principle…

Q: If Charlie invests $50,000 in a cheese company today and is offered a 7% interest rate. How much…

A: The investment function shows the direct relationship between interest rate and investment. It means…

Q: A principal of $100 is invested at 8% for 2 year. Determine the future value if the interest is…

A: Principal; P= $100 Rate= 8% Time= 2 years a) Annually Future Value=P1+rt…

Q: Calculate the effective annual interest rate for 15% corresponding to each of the following: (a)…

A: The effective annual interest rate (EAR) is the interest rate that is adjusted for compounding over…

Q: What is the present worth of Kate’s money if P8000.00 is paid after 3 years? The money is worth 8%…

A: Present worth, otherwise called present value, is a financial idea used to determine the value of a…

Q: A man secured a 8,057 loan at 2% interest rate, Find the annual amortization to extinguish it in 1…

A: Loan amount = 8057 Interest rate = 2 % Monthly rate = 2 / 12 = 0.167% Time = 12 months  Therefore…

Q: 18 YEAR ANNUITY WITH 7.86% COMPOUNDED HOW MUCH TO PAY TO RECEIVE $1900 ANNUALY OVER 18 YEAR PERIOD

A: Compounding refers to a process in which the interest rate is charged on the investment as well as…

Q: 1. Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…

Q: Mr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000…

A: In the first place, the loan amount is the present value of quarterly payments for 5 years…

Q: If you deposit $5000 into an account paying 6% annual interest compounded semi-annually, how…

A: Given the deposit amount = $5000 Interest rate = 6% Future amount = $8000

Q: Jackie takes out a loan for $38,000 at an interest rate of 6% for a period of 5 years. Assuming she…

A: A loan is a sum of money that is borrowed from a lender with the expectation of being paid back,…

Q: WHAT IS THE PRINCIPAL AMOUNT OF P300,000.00 FUTURE PAYMENT TO BE MADE IN 5 YEARS AT 8% INTEREST…

A: Present value refers to the discounted value of a future cash flow . When we compute time value of…

Q: value of $ 20000 at the end of 10 years

A: (a) FV ($) = 20000 + (20000 x 7% x 10) = 20000 + 14000 = 34000

Q: What is the future worth of P600 deposited at the end of every quarter for 4 years if the interest…

A:

Q: How much money would you have to deposit for 5 consecutive months starting 2 years from now if you…

A: Here we will use the formula for present value of deferred annuity due.

Q: At 10.23% annual interest compounded semiannually, how long in years will it take to become a…

A: Compound interest is the interest calculated on the initial principal as well as on the accumulated…

Q: A man wishes to have 30,000 when he retires 16 years from now. If he can expect to receive 4% annual…

A: Step 1: Given Value for Calculation Future Value = fv = 30,000Number of Payment = n = 16Interest…

Q: you paid $3,100 to a bank to pay off a debt you borrowed 3 years ago with 12% annual interest rate.…

A: Present worth refers to the current value of an expected cash flow in the future based on the time…

Q: Juan makes 10 bimonthly deposits of $500 beginning one bimonthly after today, if the interest rate…

A:

Q: Draw the cash flow diagram with your solution. A loan for P50,000 is to be paid in 3 years at the…

A: Given  Present value of money (P)=P50,000 This loan is to be paid in 3 years and the amount payable…

Q: 5000 is invested at an interest rate of 15% year compounded quarterly. what is the quarterly…

A: The information given is as follows:- Invested amount = 5000 interest rate = 15% per year compounded…

Q: What is the present value of a perpetuity of 15, 000p payable every end of 3 months if money is…

A: Perpetuity Amount = 15000 Payable at the end of every month Interest rate (i) = 8% compounding…

Q: At a certain interest rate compounded quarterly, 2500 will amount to 10500 in 7 years. What is the…

A: The formula to calculate the amount is given by: A = P1+r/41004nwe divide the rate of interest by 4…

Q: What is value of $475 at interest rate of 3.7% after 15 years?

A: The data presented in the question above is:- Principal amount = $475 Interest rate = 3.7%  Time…

Q: Karly borrowed $6,200 from her parents for 4 years at an annual simple interest rate of 2.8%. How…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: How many will it take money to be 3 times itself if invested at 12% compounded semi-annually

A: Let X is the amount deposit, how long will it take to be 3 times itself if invested at 12%…

Q: bank lends $3000 to be paid at the year 4 of the amount of $4500; what is the interest rate?

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: If $100 is invested at 6% interest per vear compounded annually then the futuire value of this…

A: The value of an asset at a future date is called future value. It is the present value multiplied by…

Q: For an investment of$800 every 6 months at 6.2%/a compounded semi-annually for 20 years, what is the…

A: To calculate the value of the investment after 20 years, We can use the formula for the future…

Q: What will be the balance at the end of 5 years for $30,500 now at 10% annual interest, if compound…

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

Q: A certain business guarantees an earnings of 25,000 every month and a final addition earning of…

A: The final worth can be calculated by adding the amount of 85000 with the amount that is received…

Q: A compound that pays 6% for the first 3 years, 5% for the next 4 years, and 4% for the last 2 years.…

A: Given the deposited amount = (1+9+3)*1000 TL = (13) x 1000 = 13000TL Total  number of years = 9…

Q: Accumulate ₱53,960 at 12.6% compounded semi-annually for 5 years and 6 months.

A: Amount is compounded semi-annually, rate of interest per period is half of annual interest rate.

Q: How much money would you need to deposit today at 8% annual interest compounded monthly to have…

A:

Q: You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: At certain interest rate compounded quarterly, an amount worth P8000 will be P20000 after 5 yrs. How…

A: Given  Present value P=8000 Value after 5 years =20,000 Compounded period = quarterly. First we will…

Q: Jay wishes his son,Jayson to receive 1000000 twenty years from now. What amount should he invest…

A: Future value = 1000000 Interest rate compounded annually = 12% Interest rate compounded monthly =10%

Q: Brandon purchased an annuity that had an interest rate of 2.75% compounded semi-annually. It…

A: Semi-annual payments (PMT) = $3500 at the end of every 6 months starting 4 years and 1 month (i.e.…