If Marco invests $800 each year for 16 years at 9.5% interest, compounded quarterly, what is the discounted value of Marco's investment?

Q: Shawn purchases a retirement annuity that will pay him $1,000 at the end of every six months for the…

A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: ohn will have to wait three years to receive an inheritance. After the three years, he will receive…

A: given, semi annual payment for deferment period = 3 years Interest conversion period per year =2…

Q: Nina buys a piece of lot for P30,000 down payment and 8 deferred semi-annual payments of P 5,000…

A: Annuity: A contract between you and another party known as an annuity obligates the borrower to pay…

Q: Wally and Paolo are bestfriends. Wally desires Paolo to receive 200000 in twelve years. What should…

A: We need to use future value  formula to calculate the amount to be invested today. PV =FV(1+r)n…

Q: Morgan invested $1700 for four years compounded semi annually. If the future value of the investment…

A: Data given: PV= $1700 n=4 years  rate=? (compounded semi-annually) FV=$2195.68   Required: Annual…

Q: Jack deposits $3,000 a year a 4% interest. In how many years will he have $50,000?

A: In the given problem we require to calculate the time period in which we have $50000 if we deposit…

Q: Assume that a couple invests $4000 each year for 4 years in an investment that earns 8% compounded…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Layla deposits $1600 in her investment account earning 6% interest compounded monthly at the same…

A: A deposit generally refers to the placement of money, funds, or other valuables into a bank or…

Q: Diego is getting a mortgage for $320,000 at a rate of 4.5% for 30 years. What is his monthly payment…

A: Monthly Payment is the payment that is to be paid monthly for a specific period of time to repay the…

Q: Joe invests $5550 in an account earning 8.1% interest, compounded monthly. How long will it take for…

A: Initial investment (I) = $5550 Future value (FV) = $20345 Monthly interest rate (r) = 0.00675 (i.e.…

Q: Karina invests X at the end of each year into an account which earns an annual effective interest…

A:

Q: James invests $15,000 in a 5-year Guaranteed Investment Certificate (GIC) with a variable interest…

A: Guaranteed Investment Certificate (GIC) : A Guaranteed Investment Certificate (GIC) is an investment…

Q: You will receive a ​$80,000 inheritance in 5 years. You could invest that money today at 7​%…

A: Future value = Present value ( 1 + Rate of interest ) TIme

Q: Lee wants to receive $18,000 each year for the next 20 years. Assume a 4% rate compounded annually.…

A: Annual receipt (C) = $18,000 Interest rate (r) = 0.04 Period (n) = 20 Years Amount need to invest…

Q: You will receive an inheritance of 116034 in 10 years.  If the interest rate is 3.8%, how much is it…

A: Time value of money is one of the important concept in finance. It says that a dollar amount…

Q: Ann invests $1000 today in an investment that has APR of 9.8% and is compounded monthly. How much…

A: 1) Future Value = Present value * (1+r)^n Where, r =rate of interest per period i.e. 9.8%/12 =…

Q: An account today is credited with monthly interest thereby bringing the account balance to $6,660.…

A: The future value of money refers to the amount that an invested sum of money will grow to over a…

Q: An inheritance provides you with a $52,000 per year payment for the next 40 years. A 6.00% discount…

A: a) Present value annuity (PV) of an inheritance payment (P) of $52,000 for a period (n) of 40 years…

Q: Peter invests $1,000 dollars and hold it for five years. The interest rate is 10% compounded…

A: FUTURE VALUE  Future Value is the Value of Current Sum of Money in Future. Future Value is…

Q: Nihal is borrowing Rs. 50,000 to buy ABC assets. If he pays equal installments for 25…

A: An asset can be purchased by outright cash payments or in installments. The installment amount…

Q: James invests $10,000 at time t 0. In return he receives $5,000 at timet=1 and $10,000 at time t 2.…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: When Jasmine retires she has $950,000 in a retirement account that earns 6% annual interest,…

A: Using PMT function in excel

Q: Jennifer invests $2,400 at the end of each year for 11 years in an ordinary annuity at 10% interest…

A: Periodic Payment = $2,400 Time Period = 11 Years Interest Rate = 10%

Q: Jake is offered to purchase a perpetuity paying R1000 annually. The required rate of return is 15%.…

A: The price at indifferent to buying or not buying the investment would be R6,666.67…

Q: Frank invested $10,000 at 15% simple interest. How much interest will he earn each year?

A: Under simple interest, interest is calculated on the principal amount only; that is, interest is not…

Q: Brian invests $13,500, at 8% interest, compounded semiannually for 2 years. Manually calculate the…

A: Since, more than three sub parts are asked at a time. The answer for first three sub parts is only…

Q: How much should Ester save today if he wishes to obtain n$ 629.00 in 5 years time? He expects to…

A: Future value = $ 629.00 Period = 5 Years Annual interest rate = 70%

Q: Kim invests $6050 in an account earning 6.54% interest, compounded weekly. How long will it take for…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: John invests $ 350 on the last day of each month into an account for 4 years compounding monthly at…

A: Monthly investment = $350Interest rate = 7.5%Total number of years = 7 yearsNumber of years of…

Q: If Marc obtained a business loan of $225,000 at 4.77% compounded semi-annually, how much should he…

A: Solution:- When a loan is taken, it is either paid back in lump sum mode or installments. In…

Q: emi-annually. It provided him with payments of $2,000 at the end of every month for 3 ears. If the…

A: Value that is paid for the periodic payment is present value of monthly payment that are based on…

Q: Jason takes out a loan at 10% compounded annually for 7 years. At the end of this period, he pays…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: Sam invests $ 7500 into an account earning 5.75% interest compounded quarterly. How long will it…

A: The idea of the time value of money (TVM) holds that a quantity of income is valued sooner than it…

Q: John contributes $5,000 per month into an account. How much will he have in the account after 25…

A: In the given question we require to calculate the future value of account after 25 years is john…

Q: oe purchases a£50,30-year annuity. Larry purchases a£50perpetuity. In both cases, payments begin in…

A: Perpetuity is kind of annuity in which the annuity payments are forever and for infinite period and…

Q: Brian borrows $ 7500 from his friend at an annual 6% interest rate, which he will pay five years…

A: Future value is the value of the present cash flows after certain period. Due to interest that can…

Q: Zayden will receive an inheritance of R850 000 four years from now. His discount rate is a 9,2%…

A: Step 1:We use the formula:A=P(1+r/2)^2nwhereA=future valueP=present valuer=rate of interestn=time…

Q: A man is planning to retire in 20 years. He wishes to deposit a regular amount every three months…

A: Annual payments he will receive = $95000 Time period = 18 years  Interest rate = 8% Compounding =…