How long will it take $400 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. a. 5%. b. 10%. c. 16%. 100 year(s) year(s) year(s)

Q: Question 2: Suppose that 600 amounted (P) to 700 (S) in a saving account after, a) Calculate the…

A: Present value (PV) is the amount that is invested today in order to earn desired amount at some…

Q: Current Attempt in Progress the present and future values of an income stream of $6000 a year for 25…

A: Income stream = $6000 Period = 25 years Interest rate = 4% compounded continuously

Q: Find the final amount of money in an account if $3,900$3,900 is deposited at 7.5%7.5% interest…

A: Calculations are done in excel, so there is no intermediate rounding. (1+i) = (1+i(2)2))^2(1+i) =…

Q: Find the compound amount for the deposit and the amount of interest earned. $3000 at 3% compounded…

A: Compound interest refers to the interest on loan is calculated using initial loan amount and…

Q: 1. Calculate the future value of $500 deposited today at a fixed rate of interest equal to 3.5% per…

A: As per the honor code of Bartleby we are bound to give the answer of first three sub part, please…

Q: What sum of money will grow to $2960.91 in six years at 6.1% compounded semi-annually? The sum of…

A: Given: Future value = $2,960.91 Years = 6 Interest rate = 6.1% Compounding semi annually.

Q: How much must be deposited at the end of every six months for 5 years to accumulate to $2171.00 at…

A: Given information: Future value is $2,171.00 Interest rate is 5% compounded semi-annually, Number of…

Q: Finance   What amount invested today would grow to $10,800 after 25 years, if the investment…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: How much must you deposit in an account today so that you have a balance of $18,355 at the end of 11…

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

Q: Calculate the present value. (Round your answer to two decimal places.) A = $49,000, r = 7.6%…

A: Given information: Amount is $49,000 Interest rate 7.6% compounded annually Number of years is 37

Q: Julia Henry deposited $19,300 in a money market certificate that provides interest of 10% compounded…

A: FV is an abbreviation used for future value where the amount that is deposited today will be found…

Q: Mr. Merkel has contributed $84.00 at the end of each year into an RRSP paying 4% per annum compou…

A: In compounding there is interest on interest also including the principal deposit due to which…

Q: What is the rate (in %) compounded semi-annually if 132511 accumulates to $398053 in 9 years and 3…

A: Given, Amount deposited 132511 Amount accumulated 398053 Term is 9 years and 3 months which is 9.25…

Q: Find the final amount of money in an account if $1,400 is deposited at 2% interest compounded weekly…

A: The concept of the time value of money states that money if invested earns interest and if left idle…

Q: What is the value today of receiving $2,674.59 per year forever? Assume the first payment is made…

A: Present value refers to the current value of an asset that will be present at some future date which…

Q: How long will it take $300 to double if it earns the following rates? Compounding occurs once a…

A: Here, Present value (PV) = $300 Future value (FV) = 2 * $300 = $600 Interest rate (RATE) = 3%, 9%,…

Q: What amount would you have if you deposited $2,100 a year for 40 years at 9 percent (compounded…

A: Annuity refers to the series of equal payments or receipts made at regular intervals for a…

Q: Complete the table to determine the balance A for P dollars invested at rater for t years,…

A: The future value refers to the amount or value after the continuous compounding of the amount with…

Q: How long will it take $400 to double if it earns the following rates? Compounding occurs once a…

A: ANNUAL COMPOUNDING INTEREST RATE   5.00% FUTURE VALUE (400*2) 800 PRESENT VALUE $400 PMT 0

Q: How long (in years) will it take to quadruple it earns 0.07 compounded semiannually? Note:…

A: Interest rate = 0.07 Future value factor = 4 Compounding =  semi annual

Q: Complete the table for an account in which interest is compounded continuously. (Round your answers…

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

Q: To what amount will the following investment accumulate? $9,328, invested today for 31 years at 3…

A: To calculate the accumulated amount we will use the below formulaAccumulated amount = P*(1+r)nWhereP…

Q: If $19,000 is deposited in an account earning interest compounded weekly at 5.87% for 13 years, what…

A: Effective Rate of Interest: It is the annual rate on a loan or investment considering the effects…

Q: Using the rule of 72, calculate how quickly $10,000 will double to $20,000 at interest rates of 2…

A: At 2% interest rate: Number of periods = 72 / interest rate Number of periods = 72 / 2% Number of…

Q: At 6% compounded annually, approximately how long will it take $750 to double based on the Rule of…

A: Rule of 72 is one of the important rule and calculation used in finance. It helps in estimating…

Q: $ 143 is placed in an account that earns a nominal 8 percent interest, compounded quarterly.…

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

Q: 1. If $100 is deposited today in an account paying 9 percent compound annual interest, how much will…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Determine how much is in each account on the basis of the indicated compounding after the specified…

A: Given, P is $5000 r is 3.1%

Q: Find the time required for $5000 to be equal to $14,000 when deposited at 4% compounded monthly.…

A: The concept of time value of money will be used here.   Money deposited or invested today grows in…

Q: 1. If $100 is deposited today in an account paying 9 percent compound annual interest, how much will…

A: The first question is asking for the future value of a single sum. The formula for future value is…

Q: What payments must be made at the end of each quarter to an RRSP earning 7.5% compounded annually so…

A: PMT refers to the periodic payment of the annuity or borrowings which when accumulated with a…

Q: 3 O Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round…

A: Details are provided below.Explanation:aFuture value of ordinary annuity is = P*((1+r)^n-1)/r "P" is…

Q: The 5-year spot rate is 10.5% and the 4-year spot rate is 8.8% What is the 1-year forward rate, 4…

A: Solution:- Forward rate means the rate decided today for a future date.

Q: How long will it take for $480 to grow to 1,800 at the following interest rate? (Do ot round…

A: Given information : Present amount $480 Future value $1,800 Interest rate 1 4.80% Interest…

Q: Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is,…

A: Present Value: It represents the current worth of the expected/future amount of cash flows. The PV…

Q: n how many years and days should a singl payment of $2000 be made in order to be =quivalent to…

A: Simple interest is the interest without compounding that means there is no interest on the interest.

Q: What is the forward rate in year 2? 1-year zero rate: 3% 2-year zero rate: 4% 3-year zero rate: 5%…

A: Variables in the question:1 year zero rate=3%2 year zero rate=4%3 year zero rate=5%4 year zero…

Q: 4. An amount of P3,000 is invested now and left for the 5 years at which time the principal is…

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

Q: How long will it take $300 to accumulate to $800 at j12 = 7%? Assume that the practical method of…

A: Future value of money is the amount being deposited and amount of compounded interest accumulated…

Q: 1. What is the accumulated value of the Php 25 payment be made at the beginning of each of the next…

A: The accumulated value can be calculated as sum of future value of all cash flows