Joe invests $9500 in an account earning interest compounded quarterly. Determine the rate if there was $12580 in the account 10 years later.

Q: Dylan deposits $10,000 now and makes an additional deposit of $5,000 at the end of Year 3 in the…

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

Q: Starting today, Barbie and Ken each make deposits at the end of every year for 15 years. Barbie…

A: Since the accumulated amount will be the same for both B and K then the PMT will be similar as both…

Q: Daniel paid $825 simple interest on a $1400 loan for five years . What was the interest rate?

A: Given: Simple Interest =$825Principal amount =$1400Time =5 years

Q: Finding operating and free cash flows Consider the balance sheets and selected data from the income…

A: Part 2: ExplanationStep-by-Step Calculations1. Calculate Net Operating Profit After Taxes…

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: A person deposited every 6 months ¢ 50,000.00 in an account that paid him 16% interest, convertible…

A: Semi-annual payment = ¢ 50,000.00 Interest rate = 16%  Time Period = 20 Years

Q: Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money…

A: Solution: Calculating interest rate using future value and present value.

Q: Kyler deposits $225 each month into an annuity at 6.2% annual interest for 25 years . At the end of…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Dominique has a mortgage of $445,000 through his bank for property purchased. The loan is repaid by…

A: Any sum borrowed to meet any specific personal or business needs is regarded as a mortgage/loan. The…

Q: Deepika deposits $10000 into her savings account that earns 7% per annum compounded annually for…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: berto opened a savings account for his daughter and Dosited $800 on the day she was born. Each year…

A: Introduction: Future Value refers to the value of investment to be received in the future at a…

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: Ashton invested $8450 for five years in his savings account that was earning 3.2% compounded…

A: To calculate the future value we will use the below formula   Future value = P*(1+r)n Where Invested…

Q: Four years ago, XZY deposited $2,920 in an account that has earned and will earn 8.70 percent per…

A: Under the compounded interest rate, the base amount on which the interest is earned increases every…

Q: Josiah took out a 25-year loan for $215,000 at 9.6% interest, compounded monthly. If his monthly…

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

Q: Anna has a mortgage of $427,000 through her bank for property purchased. The loan is repaid by end…

A: A mortgage refers to a covered loan that is used to purchase a property with the property itself…

Q: Edward deposits P 100,000 in a savings account that pays 13% interest converted semiannually. How…

A: Nper refers to the number of periods or years which is required to clear the amount of loan at the…

Q: nifer deposited $54,000 at Bank of America at 20% interest compounded quarterly. a) What is the…

A: In this we need to find out the effective annual rate.

Q: Interest for the first 10 years is credited at a nominal discount rate of d compounded semi -…

A: This is a problem involving the application of present and future value of cashflows. The future…

Q: open an annuity with $5,200.00 and makes monthly payments of $270.00 paid at the end of each month…

A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: Avril deposited $800 in his bank at 1.5% for five years. Use the simple interest formula to…

A: INTRODUCTION Simple interest is calculated by multiplying the interest by the Principal amount.…

Q: red decides to invest $1000 into an account which earns a floating interest rate. For the first…

A: Future value of the amount is the amount that is being deposited and amount of interest accumulated…

Q: Mr. Al Khasim deposited OMR 20,000 in a bank which offers a compound annual interest of 6%. How long…

A: Compound interest is one of the form of interest under which interest is charged on both principal…

Q: What is the interest on interest if interest is compounded

A: Calculate the compound interest amount as follows:- Total amount after 3 years =P x (1+R/100)n…

Q: Mr. N. invests $5,000 in a certificate of deposit (CD) at his local bank. Hereceives 2 percent…

A: RATE 2% YEARS 5 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $5,000

Q: Jennifer deposits $1000 into a bank account. The bank credits interest at a nominal annual rate of i…

A: First we need to calculate interest rate bu using future value formula below.FV = PV*(1 + i)n FV =…

Q: Jim invests $15,000 today into an account, If the amount in the account accumulates to $17,364.37 at…

A: The rate of interest can be computed with the help of future value function.

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: Anya deposited $241 at the end of every month for 8 years into her bank account that earned 3.02%…

A: The future value of the deposit is calculated using following equation Future value =…

Q: Mrs. Kimberly deposited P 300, 000 in an account earning 8% compounded every 6 months. On the 2th…

A: Compound interest: Compound interest denotes an interest computed on the total initial deposits and…

Q: cecilia invested $5000 in an account four years ago. Today her account has a balance of $6200. Given…

A: Present value=$5000Future value=$6200Period= 4 yearsPeriod= 16 quarters

Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: On August 19, Siobhan O’Sullivan started an ordinary annuity. She arranged to have $150 deducted…

A: Annuity refers to the fixed periodic payments which are paid monthly, quarterly, semi-annually or…

Q: Shiro’s grandfather has just announced that he’s opened a saving account for Shiro with a deposit of…

A:

Q: Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 10 years…

A: given, pv = $4500 fv = $5600 n =10 years m =4 (quarterly compounding)

Q: Mariano deposited P5,000 today in an account that pays 8% compounded semi-annually. Two  years…

A: Amount at the end of n periods at i% rate of interest can be calculated as: = Principal * (1+i)^n

Q: Ahmad earned $475 last summer. He deposited this money in an account that pays an interest rate of…

A: Future value = Present value * (1+rate)^n Where, n = no. of compounding period i.e. 15

Q: Yolanda deposited $1,800 at the end of each six months for 2 years in a savings account. If the…

A: The value of money differs with the time passage and the value of it at present is worth more than…

Q: Freddy agreed to make quarterly payments of $781.25 for 4 years on a loan of $10,000. What simple…

A: Simple interest refers to the method of calculating the interest earned where the principal amount…

Q: Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the…

A: Annuity = a = $1300 Time = t = 26 years Interest rate = r = 8%