If $525$⁢525 is invested at 14%14%, how much money will be in the account after 3030 months? Round your answer to two decimal places if necessary.

Q: Suppose a person invests a toal of $10,000 in two accounts. One account earns 8% annually and the…

A: Simple Interest is method of computing interest where compounding is not done. Compounding refers to…

Q: ar five periods is 0.68058. Given these factors, what amount should be deposited in a bank today to…

A: In order to assess the possible growth of savings, investments, or other financial instruments over…

Q: The function f(x) = 600 represents the rate of flow of money in dollars per year. Assume a 10-year…

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Q: Complete the following table. Use Exhibit 1-B. (Round time value factors to 3 decimal places and…

A: Investment refers to an amount that is invested by the investor for the purpose of earning profits.…

Q: How long will it take $100 to double if it earns the following rates? Compounding occurs once a…

A: Step 1:IntroductionThe Rule of 72 is a simple way to estimate the number of years required to double…

Q: You will deposit $250 per year for 3 years into an account that earns 6%. The first deposit is made…

A: Deposits per Year is $250 for three years Interest rate is 6%   To Find:- Amount in account after 4…

Q: How long would it take for your money to double if it's invested in an account with quarterly…

A: Here,ParticularsValuesPresent value (PV) $ 100.00Future value (FV) $ 200.00Interest rate9.50%Number…

Q: Suppose that P dollars in principal is invested in an account earning 2.1% interest compounded…

A: A=P+193.03 r- 0.021 t=2 years Since A=Pert Therefore, P+193.03= Pe 0.21*2 P+193.03/P= e0.042…

Q: a. 6%. 11.90 year(s) b. 10%. c. 17%. year(s) 4.41 year(s) d. 100%. 1.00 year(s)

A: Due to the power of compounding the future value of the company increases very fast due to interest…

Q: Amount $70,000 a. Calculate P 1 + A = b. Calculate B= A c. Let R= B Time Rate 2% 30 years n r P ( ₁…

A: The time value of money concept is used to determine the amount of money that will be received in…

Q: You deposit $700 in an account paying 7.3% simple interest. Find the future value of the investment…

A: Deposit amount (P) = $700 Interest rate (r) = 7.3% Period (t) = 4 Years

Q: what would be the value of a saving account started with 2800, earning

A: The estimated value of a financial asset or investment at a particular future date, accounting for…

Q: Suppose we put $15000 into an account earning 3% interest compounded continuously. How long will it…

A: NPER stands for number of years or periods which is needed to clear or to pay off the loan amount at…

Q: If I want to invest my money, how long (in years) will it take $6774 to earn $1205 interest (simple)…

A: Interest is (I) is $1,205. The principal (P) is $6,774. The interest rate (R) is 7%.

Q: 1. (See image), which assumes continuous compounding, says that the Future value (F) of an amount…

A: Compute the amount in savings account when $2,000 is invested in savings account at 3% annual return…

Q: At 7.24% interest, how long does it take (in years) to quadruple your money. Answer to two decimals.

A: The concept of TVM refers to the interest-earning capacity of money because money earned earlier is…

Q: You deposit $175,000 in a savings account. The APR (Annual Percentage Rate) is 6%. Calculate the…

A: Effective Annual Rate(EAR) shows net rate which an investment will yield after considering…

Q: Consider the following portfolio of assets and liabilities. The time, t, is measured in years.…

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Q: You can earn .41 percent per month at your bank.   If you deposit $2,400, how long must you wait…

A: Using excel NPER function

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: If you invest €1,000 in a savings account that pays 4 per cent every year, how long would it take…

A: Present Value = pv = €1000Interest rate = r = 4%Future Value = fv = 1000 * 3 = €3000

Q: How long will it take $500 to double if it earns the following rates? Compounding occurs once a…

A: Future value is a financial concept that represents the value of an investment or cash flow at a…

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: Consider the following portfolio of assets and liabilities. The time, t, is measured in years.…

A: Effective Duration Calculation:Assets:Calculate the effective duration of the assets using the…

Q: What is the present value of a $25,000 lump sum that you will receive three years from now and that…

A: Lumpsum amount to be received, FV is $25,000 The interest rate is 4% Compounded semi-annually The…

Q: If you leave $4400 in an account earning 2% interest, compounded daily, how much money will be in…

A: The formula used as follows: FV=PV1+rnnt

Q: Calculate the compound amount. Use the Compound amout formula and calculator ( round your answer to…

A: Given information: Principal (P) = $7,600 Rate of interest (r) = 7% Time period (t) = 10 years

Q: When interest is compounded continuously, the amount of money increases at a rate proportional to…

A: Here,Deposit Amount is $6,000Time Period is 3 yearsInterest Rate is 5.75%Compounding Period is…

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: 2. You have two investment accounts. Account #1 started at $700 at 6.8% compounded monthly. Account…

A: 700 Investment

Q: Suppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The…

A: Present Value = pv = $2606Time = t = 7 YearsFuture Value = fv = $3969

Q: A: How long will it take for money to triple when invested at 7.2% compounded monthly? B: How long…

A: Data given: A: rate=7.2% compounded monthly B: rate=7.2% monthly rate

Q: You deposit $800 in an account paying 7.2% simple interest. Find the future value of the investment…

A: Amount deposited = $800 Rate of interest = 7.2% Number of years = 4 Future value of the deposit…