In how many months will $1652 grow to $2276 at 5.8% p.a.? Round to one decimal. Answer:

Q: If the EAR= 6.25 percent, and there are 115 compounding periods per year, what is the APR (in…

A: The nominal return refers to the return that is quoted to the investor and does not consider the…

Q: What is the future value of an account if $8,000 is invested at a rate of 7% compounded monthly for…

A: Future Value = P * (1 + i/n)(n x t)Where: P = Initial Invested amount i = Annual interest rate n =…

Q: How much will deposits of $40 made at the end of each month amount to after 9 years if interest is…

A: Annuity refers to the regulare stream of cash flows which has occured over a period of time. When…

Q: Use the present value table to complete: (Round the "PV factor" to 4 decimal places and final answer…

A: Given, Future amount = $11,000   Number of periods = 6 years*4 Number of periods = 24   Rate = 12%/4…

Q: $1,200 is deposited every six months in an account that earns 2% compounded semi-annually, how many…

A: Effective interest rate is interest rate after considering impact of compounding and more is…

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: What sum of money will grow to $2960.91 in six years at 6.1% compounded semi-annually? The sum of…

A: Given: Future value = $2,960.91 Years = 6 Interest rate = 6.1% Compounding semi annually.

Q: What is the future value of 15 deposits of $2,330 each made at the beginning of each period and…

A: The question is based on the concept of Financial accounting.

Q: The past five monthly returns for PG&E are -3.25 percent, 4.08 percent, 3.85 percent, 6.59 percent,…

A: The rate of return that an investor is expected to earn from the investment is term as the expected…

Q: What principal will earn $67.52 at 6.75 An investment of $12 000,.00 earns a interest rate is 6%. In…

A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Q: what payments 2 months from now would be equivalent in val to a $5650 payment due in 13 month and…

A: Simple interest is simple interest that means there will be no interest on interest will be there…

Q: How long will it take for P 1,000.00 to amount to P 1,346.00 if invested at 6 compounded quarterly?

A: Interest is the amount charged or received by investing or borrowing some amount. It can be simple…

Q: What is the rate (in %) compounded semi-annually if 132511 accumulates to $398053 in 9 years and 3…

A: Given, Amount deposited 132511 Amount accumulated 398053 Term is 9 years and 3 months which is 9.25…

Q: In how many months will $1763 grow to $2438 at 5.1% p.a.? Round to one decimal.

A: Investment amount (P) = $ 1763Future value (FV) = $ 2348Interest rate (r) = 5.1%Number of years = n

Q: uppose that you make 35 annual deposits of $2,544 in an account paying 9% APR with daily…

A: Future value of the deposits is the amount of deposits made and the amount of compounded interest…

Q: What annual rate of return is earned on a $5,000 investment when it grows to $9,000 in five years?…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: How long will it take $2,000 to reach $5,600 when it grows at 10 percent per year? (Do not round…

A: Future Value refers to the compounded value of a single cash flow received today or multiple cash…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.2%, t = 8 monthS

A: First, converting R percent to r a decimalr = R/100 =  = 0.062 per year,Total no. of years = =…

Q: How long will it take $400 to double if it earns the following rates? Compounding occurs once a…

A: ANNUAL COMPOUNDING INTEREST RATE   5.00% FUTURE VALUE (400*2) 800 PRESENT VALUE $400 PMT 0

Q: years; find n (number of months) and i (rate per month). Write i in decimal form.

A: Given   r = R/100, so 12/100 = 0.12 t = Time Involved in years, 0.5 years is calculated as 6…

Q: Find the APY corresponding to the following nominal rate. 9% compounded quarterly The APY is %.…

A: APY stands for annual percentage yield. Formula for APY= (1+rn)n -1 where r= rate n= number of…

Q: What is the EAR of an account that has a 6% APR if it compounds quarterly?

A: To calculate the EAR we will use the below formula   EAR = (1+APR/M)M-1 Where APR - Annual…

Q: 28. If $1000 is invested in an account earning 3% compounded monthly, how long will it takethe…

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

Q: How many days will it take for $8500 to earn $698.72 at 8.25% p.a.?

A: Interest amount = Principal * Rate * Days / 365

Q: Assume that you take out a $3000 loan for 47 months at 6.5% APR. How much total interest will you…

A: Loan amount = $ 3000 Period = 47 Months APR = 6.5%   To Find: Total Interest paid

Q: How long will it take an investment to grow from $1,000 to $1,500 if it earns 7.2% compounded…

A: Given: Present value = $1,000 Future value = $1,500 Interest rate = 7.2%

Q: What present value amounts to $10,651.04 if it is invested for 7 years at 11% compounded every 4…

A: Compound = 12 / 4 = 3 Payments = p = $10,651.04 Time = t = 7 * 3 = 21 Interest rate = r = 11 / 3 %

Q: How long will it take an RRSP to grow to $385,000 if it takes in month-end contribution of $1,850…

A:

Q: f i 5.8% per semiannual, compounded monthly, What is the nominal quarter rat

A: solution concept semi annual rate means the rate that is quoted for 6 months in compound interest…