$15,000 is deposited for 7 years in an account earning 3% interest. (Round your answers to two decimal places.) (a) Calculate the future value of the investment if interest is compounded semiannually. $ (b) Calculate the future value if interest is compounded quarterly. $ (c) How much greater is the future value of the investment when the interest is compounded quarterly?

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A: Loan amount = LE150,000 Interest rate = 8%  Time period = 7 years

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A: Compound interest means that the interest associated with the cash flows/ deposits increases…

Q: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (…

A: The above answer can be explained as under - Given,Principal = $ 24,000Number of years = 18%Rate per…

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A: Future value of an investment is the value of present amount in future

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A: Effective annual rate is calculated using the formula: EAR=1+rmm-1=1+12%22-1=1.062-1=12.36%

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A: semiannual compounding means we have to take interest into semiannual interest and convert period…

Q: An amount of $1800 is deposited for 7 years in an account that earns 7% interest. (Round your…

A: simple interest formula: I = P×r×t100where,p = principalr = rate of interestt = no of years

Q: How much interest will be earned if $5,000.00 is invested for 3 years at 10% compounded semi-annual?…

A: Future value is computed by following formula-FV = A × (1+r)nwhere,FV = Future value A = Amount…

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

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

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A: Present Value (PV) = $4,962 Rate of interest = 4% per annum = 2% for 6 months Time period = 2 years…

Q: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment.…

A: In finance, the concept of time value states that money today has more purchasing power than the…

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A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

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Q: Find the simple interest on a $1600 investment made for 3 years at an interest rate of 8%/year. What…

A: Simple Interest: The amount earned on an investment at a given rate of interest at the end of the…

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A: This is a case of continuous compounding. We will have to convert the given rate to the EAR…

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A: The future value is the future worth of the amount that will be paid or received at future.

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A: The amount paid by the borrower on the amount owed is regarded as interest rate.

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A: Initial Deposit (IV) = $143 Interest rate = 0.08 Quarterly interest rate (r) = 0.02 (i.e. 0.08 / 4)…

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

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Q: You will receive a cash payment of $7072 in 7 years. If the relevant interest rate is 19.89%, how…

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Q: Suppose you deposit $2,000 at the end of eachquarter for ten years at an interest rate of 9%…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: 1. A man invests $4000 for 5 years at 4.2% compounded monthly. A. How much will be in the account at…

A: Amount of investment = $4000 Interest Rate =4.2% per annum Interest Rate monthly (r) = 4.2%/12 =…

Q: Consider these two annuities. Annuity 1: $150 invested at the end of each 6 months for 20 years at…

A: As we are dealing investment accounts with periodic deposits, we will use annuity formula. Here we…

Q: 16. You deposited $5000 into an account at an annual interest of 8% compounded semiannually. What is…

A: using excel fV function

Q: On November 7, 2020 a sum of $41,200.00 was deposited into an account. What would be the future…

A: The FV of an investment refers to the value of the investment at a particular future date assuming…

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A: Future Value (FV) is a financial term used to describe the value of an asset at a future date, given…

Q: Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A:

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: Future Value is that value which depend upon the present value and rate of interest which is earned…