If an investment of $1147.00 earned interest of $252.00 at 7.5% compounded quarterly, for how many years and months was the money invested? State you in years and months (from 0 to 11 months) Need only handwritten solution only (not typed one).

Q: An account was opened with an investment of OMR2,000 10 years ago. The ending balance in the account…

A: Rate of Interest is the rate which is earned on the investment done by the investor. Higher the…

Q: The annual force of interest for an account at t years is given by St = t^2/ (4+1)^3. A deposit of…

A: - Force of interest at time : - Initial Deposit: - Final Account Balance: - Goal: Find the number of…

Q: You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table…

A: Solution:- Given, Loan = $88,000 Life time = 30 years Compounded quarterly  at 4.1%

Q: Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3…

A: "Use Table 12-1 to solve":   Note that this table is not given and so the question has been solved…

Q: uppose an individual makes an initial investment of $1,200 in an account that earns 6%, compounded…

A: We will apply the concept of time value of money here. As per the concept of time value of money the…

Q: eposits of 100 are made to an account today and one year from today. The annual force of interest at…

A: Force of interest is interest compounding continuously and is the highest form of the compounding.

Q: 4. What account should you invest your money in? (Hint. Calculate the APY of each account)  Account…

A: 1. APR= 3%, annual compounding 2. APR =2.75% monthly compounding

Q: You have taken a loan of $56,000.00 for 27 years at 5.5% compounded quarterly. Fill in the table…

A: Loan amount (PV) = $ 56,000Period = 27 YearsNumber of quarterly payments (n) = 27x4 = 108Interest…

Q: Part 2: An amount of $1000 is invested into an account that pays 5% per annum compound interest.…

A: Compound interest Compound interest is computed by multiplying the initial principal amount by one…

Q: Using either logarithms or a graphing calculator, fnd the time  required for each initial amount to…

A: Principal = $4500 Annual interest rate = 3.6% = 0.036 Number of compounding periods per year =12…

Q: If an investment of $974.00 eamed interest of $189.00 at 6.3% compounded semi-annually, for how many…

A: The concept of time value of money will be applied here. A sum of money invested today attracts and…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: In the given, we can find the balance of an account where Sandhill Company deposits $60,000 annually…

Q: 2. For each of the following compounding intervals, show the formula and the t that would be needed…

A: Interest and its types: Interest is the cost of money and is received or paid when money is lent or…

Q: You have taken a loan of $95,000.00 for 27 years at 5.5% compounded quarterly. Fill in the table…

A: Given Loan amount is $95000 Term is 27 years Rate is 5.5%

Q: If Norm had the following cash inflows and cash outflows over a 15-year period, and the account was…

A: FV=PV*(1+r)n

Q: Suppose $7000 is deposited in an account that pays 6% per year compounded semi-annually. Find (a)…

A: Compound interest is the interest calculated on the principal and the interest accumulated over the…

Q: Help Desiree Yeung compute the rate of interest at which $30 paid at the beginning of every three…

A: The future value of an annuity is the total value of a series of equal periodic payments at a…

Q: You have taken a loan of $64,000.00 for 26 years at 4.7% compounded quarterly. Fill in the table…

A: Here, Particulars Values Loan Amount  $ 64,000.00 No. of years  26.00 Interest rate 4.700%…

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: Time (years) 1 Need Help? 2 4 SHELL MY NOTES ASK YOUR TEA h the investment grows at the indicated…

A: Compounding continuously is an imaginary situation in which money grow exponentially and is the…

Q: What is the balance in an investment account at the end of 5 years if $3,000 is deposited today and…

A: To calculate the future value of an investment with the formula to be engaged…

Q: You have taken a loan of $92,000.00 for 37 years at 5.1% compounded quarterly. Fill in the t below:…

A: Loans are paid by the periodic payments that carry the payment for interest and payment for loan but…

Q: afael Robles goes to his financial advisor and asks him to calculate the interest to be earned on a…

A: The given problem can be solved using FV function in excel. FV function computes amount balance in…

Q: Find the present value of an account if the future value is $4,200 at 6 #% simple $ interest from…

A: Present value is the current value of a future amount with a specified rate and at a specified time.…

Q: Given invest $10000 an investment account paying 3.4507 interest, find the amount Mou would have…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: John deposits an amount of X into an account at time 0. The account balance at the end of 10 years…

A: Accumulated amount represent the sum of amount deposited and total interest due over the period.…

Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

A: We know, future value means the amount to be receivable at the maturity after compounded at a…

Q: Three investments cost $5,500 each and have the following cash flows. Rank them on the basis of…

A: Payback period (PBP) refers to the period or duration within which the company is able to recover…

Q: If a $19,000 investment grew to $25,805 in 4 1/2 years of quarterly compounding, what effective rate…

A: Variables in the question:PV=$19000FV=$25805N=4.5 years

Q: An account was opened with an investment of OMR 1,000 five years ago. The ending balance in the…

A: Present value =1000 Future value = 1750 Compounded daily

Q: What interest rate would be necessary for $6,550 investment to grow to $9,300 in an account…

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

Q: Find the amount at the end of 4 years and 5 months if P7,000 is invested at 23% compounded…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: What is the future value at end of year 5 for $4K payments made at the beginning of the preceding 5…

A: Future Value: The future value is the value of annuity or the sum lump amount after a certain period…

Q: a. 5.2% compounded monthly? years, month(s) b. 7.2% compounded monthly? month(s) years, c. 76%…

A: Using Excel's self explanatory function=NPER(r/12,-monthly payment, 0,future value)

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: You have taken a loan of $55,000.00 for 30 years at 4.9% compounded quarterly. Fill in the table…

A:

Q: ple factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to…

A: We need to compute table factor and compound amount. Compound amount = Principal * table factor

Q: Josef invested $400 into an RRSP that earned interest at 5.5% compounded quarterly for five years.…

A: Future value= FV = Initial Amount *(1+ Rate) ^nwhere,r=rate of interestn=number of years