In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1200 per month, starting 1 month from now, into a fixed rate account that pays 8% per year, compounded semiannually. How much will be in the account at the end of 25 years?

Q: Determine the exact simple interest on P 5,000.00 for the period from June 15 2015 to November 28,…

A: There are two parts one is simple interest for years and simple interest for days .  Assuming that…

Q: You've decided you will put $300 in the bank in year 1 and increase the deposit amount every year by…

A: The amount that a future sum of money is worth today, at a particular interest rate, is known as its…

Q: A person buys a car for a down payment of 50,000 and a monthly payment of 35,000.00 for 9 years…

A: If the annual rate of interest is 8%, the monthly rate of interest is 8/12=23% So the present value…

Q: How many years will be required for a given sum of money to be 8 times the principal amount, if it…

A: Compounding refers to an asset's ability to generate returns that are then reinvested or remain…

Q: If the demand curve for bread is given as Q = 300 - 16p,  a. What is the point elasticity of demand…

A: Given demand curve :-  Q = 300 - 16p a) Point elasticity of demand is given by :- Differentiating Q…

Q: Soil cleaning company Chemdex Partners plans to finance a site reclamation project that will require…

A: The future worth of numerous alternatives will be computed in the future worth method of alternative…

Q: Company A plans to set aside $150,000 now for possibly replacing its large synchronous refiner…

A: Future value describes the concept that a sum of money today will be worth more in the future due to…

Q: On the day his son was born, a father decided to establish a fund for his son's college education.…

A: Present value (PV), also known as discounted value or present discounted value, is a financial…

Q: mechanical contractor has four employees whose combined salaries through the end of this year are…

A: Given, Amount- $250000 ROI-12% Time- 5 years

Q: Joshua's family that claimed a 1,000,000 peso prize on a Christmas party raffle decided to put…

A: Compound interest occurs when the interest earned on the principal of an investment (or loan) is…

Q: a contractor buys an excavator for $250000 which provides an income of $35000 per year for a period…

A: Step 1: Identify the given valuesStep 2: Use the PVIFA formulaStep 3: Calculate (1 + i)^(-n)Step 4:…

Q: What is the present value of $100 realized two years from now if the interest rate is 10%?

A: Present worth is the concept that describes an amount of money today is value greater than that same…

Q: What is the present value (PV) of $100,000 received six years from now, assuming the interest rate…

A: The interest rate refers to the amount of US dollars that a saver gets from investing his/her income…

Q: How much money will be in an account in 5 years if $20,000 is deposited now at an interest rate of…

A: Given  Principal = 20,000  Interest rate = 1.5% per month compounded yearly therefore  Interest rate…

Q: P10,000 for the period January 12 to September 13,2001 if the interest rate is 15%?

A:

Q: What effective interest rate per quarter is equivalent to 10% per year compounded monthly

A: Meaning of Effective Interest Rate: The term effective interest rate is the payback…

Q: 2. For the rates a through d below, what are the effective annual rates? For e, what is the…

A: The interest rate that accounts for compounding over a specific time period is called the Effective…

Q: Calculate the amount of simple interest and the amount for: a)$40,000 at 36% per year in 3 years and…

A: To calculate the Simple interest we need to solve for separate time periods . We need to solve for…

Q: Alexandr makes 15 equal annual deposits of $1,000 each in a bank account paying 5% interest. How…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: An Australian-based energy drink manufacturer plans to expand its international markets to the…

A: Annual Equivalent amount or the equivalent annual cost(EAC) is the cost of maintaining, operating…

Q: series of 10 end of year deposits is made that begins with $6500 at the end of year 1 and decreases…

A: Present worth represents the current value of a future amount of money, considering the time value…

Q: What is the present value of P500,000 to be received 20 years from now, if the principal is invested…

A: P=A(1+R)nwhere P is present value A is future value R is interest rate n is time period

Q: An engineer deposits $2,000 per month for four years at a rate of 24% per year, compounded…

A: Present Worth (PW), also known as Present Value (PV), is the current value of a series of future…

Q: What lump-sum amount of interest will be paid on a $10,000 loan that was made on August 1, 2012, and…

A: Given that, Principal amount =$ 10,000 Rate of interest = 10% or 0.1

Q: For the cash flow diagram below, what value of x will make the total equivalent worth in year 7…

A: Given:- i=10% Total equivalent in year 7=$8000 To calculate:- Value of x=? Please find the images…

Q: Maintenance costs for a particular production machine increase by $1,000/year over the 5-year life…

A: Given,   Rise in maintenance cost = $1000/year  Time = 5 year  Initial maintenance cost = $3,000…

Q: Determine the ordinary simple interest on a 8 years loan of $ 205262 at 13.05%

A: Simple interest can be contemplated as two groups when the time is considered in terms of days. They…

Q: Consider the following schedule of cash flows. If interest is 4% per year, compounded continuously,…

A: here we calculate the equivalent value of the cashflow by using the given cashflow so calculation as…

Q: What nominal rate per month is equivalent to an effective 1.3% per month, compounded continuously?

A: The nominal interest rate is the interest rate before inflation is factored in. Nominal can also…

Q: young couple has decided to make advance plans for financing their 5 year old daughter’s college…

A: *Answer:    Solution :- The Present Value at age 15 of Amount Required for birthday from Year 18 to…

Q: A bank quotes an interest rate of 4.5% per annum with quarterly (four times a year) compounding.…

A: a. The rate of continous compounding    = 4In1+0.0454   =0.045

Q: A recent government study reported that a college degree is worth an extra Php 35680 per quarter…

A: A series of cash flows future value will be computed as sum of the future value for the individual…

Q: What is the present value of $8000 paid at the end of each of the next 16 years if the interest nate…

A: The present value of the annuity is the current value of the future payments from an annuity. The…

Q: A lady saves RM 150 every month for ten years. If her saving is given an interest of 9% per year…

A: Payment each month = 150 Time = 10 years Interest rate = 9 % compounded monthly Monthly rate – 9 /…

Q: For the cash flow diagram shown, determine the value of G that will make the present worth in year 0…

A: Given: PW at year 0=$2500 i=10%

Q: The present worth of all the cashflows of handmade earthen pots are shown until the end of year 8 is…

A: In this scenario, we have to find future value from present value.

Q: Joseph Ray just received an inheritance of $50,000 from his great aunt. He plans to invest the funds…

A: The concept of Interest is the cost of taking money or the return on investment for money lending.…

Q: A company that manufactures air-operated drain valve assemblies currently has $110,000 available to…

A: Let uniform annual amount the company can spend is $K and it is also assumed that the company spend…

Q: The annual cost of a certain service is $41,000 at EOY I which decreases by 7.5% per year for a…

A: Given the annual cost of first-year = $41000 Interest rate, R = 7.5% g = -7.5% Time = 12 years

Q: Barbara borrowed a certain amount of money and repaid the loan with ten payments. The first five of…

A: Step 1: Calculate the present value of the first five payments.The present value of an annuity due…