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?

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

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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…

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

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A: Interest rate  = 10% compounded annuallyNumber of year =  3 Final amount expected = 90,000

Q: Find the Future value of an installment paying P5T now, P3T at the end of  year 1, P2T at the end of…

A: Instalment amount at present = P5T Instalment amount at end of 1st year = P3T Instalment amount at…

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…

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

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

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…

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

Q: recent government study reported that a college degree is worth an extra Php 33753 per quarter…

A: Future worth is the value of the investment at the end of the fixed time. Present worth is the value…

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…

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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…

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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: Jennifer Creek is saving up for a new car. She wants to finance no more than $10,000 of the $26,000…

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

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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: Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months…

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

Q: You inherited $12,000 from your Great-Uncle Michael. If you invest it and average an 8% annual rate…

A: Information given is as follows:-  P = 12,000 i = 8% n = 20 year Using this we have to find future…

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

A: Answer: To find the present value (PV) of the given cash flow series, we need to break down the…

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.…