Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $47.67 at 4.5% compounded daily for 5 years

Q: Complete the following using compound future value. (Use the Table 12.1 provided.) Note: Round your…

A: time = 10 years principal = $17,100 rate = 4% compounded annually   Amount of Future Value = P *…

Q: Find the present value of the given future amount. $31,000 for 9 months at 8% simple interest What…

A: The Time Value of Money states that a dollar earned today is more valuable than any time in the…

Q: You are saving for a new car. You place $15,400 into an investment account today. How much will you…

A: Present Value (PV) of amount invested = $15,400Interest rate (r) = 2%, 4%, 6% or 0.02, 0.04,…

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: Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your…

A: Compound amount = $ 200,000 Annual interest rate = 4% Period = 10 Years

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $501,000 home…

A: Loan amount (P) = $400,800 (i.e. $501,000 * 0.80)Monthly interest rate (r) = 0.00483333333333333…

Q: What's the interest rate of a 5-year, annual $4,300 annuity with present value of $16,500? (Use a…

A: Here,AnnuityAmount is $4,300Present Value is $16,500Time Period is 5 years

Q: What's the interest rate of a 5-year, annual $4,200 annuity with present value of $16,000? (Use a…

A: Solution:-When an equal amount is paid each period, it is known as annuity.We know, present value of…

Q: You have $5,340.25 in your savings account today. Every two weeks (26 times a year) $200 will be…

A: A savings account is a deposit account that pays interest and is kept at a bank or other financial…

Q: Use a calculator to evaluate an ordinary annuity formula. For m, r, and t (respectively). Assume…

A: The present value of an annuity is the value of all the future payments at this moment. In an…

Q: What will be the present value, if $5,400 is discounted back 4 years at an interest rate of 3%…

A: In the given question we require to calculate the Present value using following details: Amount =…

Q: Answer the following question correctly refer to the given problem below and show your Complete…

A: A deferred annuity is a type of annuity that starts after a particular period of time and then…

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

A: The given details are:Weekly annuity: $300Period (years): 7.5Annual interest rate: 3.5%Compounding:…

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Lets understand the basics. Present value is a value of any future amount into present. For…

Q: Showing how to use a scientific calculator find the monthly payment that will yield the given…

A: The future value is calculated by putting present value for a certain period of time time on an…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: To calculate present value: PV=Principal payments1+rate12n×12

Q: Calculate the present value of the annuity. (Round your answer to the nearest cent.) $1800 monthly…

A: The time worth of cash (TVM) is the idea that an amount of cash is worth more now than a similar…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Principal =13000 interest rate =5% quarterly interest =1.25 Period 8 years =32 quarters

Q: you want to have $15,000 at the end of 5 years. if you can earn a return of 3.2% annually, how much…

A: given, fv= $15000 r=3.2% n=5 years

Q: Find the present value of the given future amount. $74,000 for 23 months at 7% simple interest

A: Future value = fv = $74,000 Time = t = 23 / 12 years Interest rate = r = 7%

Q: Give typing answer with explanation and conclusion     Question 3: You decide to save $1,000 at…

A: Annuity is a series of regular payments in business. If amount is paid at the end of each period,…

Q: At the beginning of the year you deposit $3,000 in a savings account. How much will accumulate in 3…

A: Future value refers to the value of current assets at some future date on the basis of the assumed…

Q: Suppose that you plan to retire in 40 years. You put 1000 dollars in a bank account which sa per…

A: Effective rate of interest is the interest rate that is actually earned or paid. Effective rate of…

Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…

A: PMTIt is the minimum value that is required to pay every period constantly by a person.

Q: What's the interest rate of a 8-year, annual $3,600 annuity with present value of $20,000? (Use a…

A: Annuity amount=$3600Period of annuity=8yearsToday amount=$20000

Q: Calculate the amount of simple interest earned $6594.69 at 9% for 6 years. Round to the nearest…

A: Solution: Simple interest = Principal * Interest rate * Periods Future value = Principal + Interest

Q: 1. What is the future amount of my Php 100, 000 after 5 years if I invest today at a rate of 12 %…

A: Invested amount (X) = Php 100000 n = 5 years Interest rate = 12% Inflation rate = 8% Let the actual…

Q: Which investment will give you the higher future value in 5 years? Investment 1: You deposit $100…

A: Given: Given: Particulars Investment 1 Investment 2 Payment (PMT) $100 $300 Years 5 5…