Suppose an investment earns 2.5% interest compounded continuously. Find the future value of a $3400 investment after 23years. Round your answer to the nearest cent, if necessary.

Q: Using an annual effective interest rate of 7%, find X

A: To find the value of X, we need to calculate the present value of the cash flows using the given…

Q: The future value of the account with interest compounded annually is The account earns $____ (what…

A: Future Value: It is the future worth of a present sum of amount and is calculated by the product of…

Q: You invest $94.1, and your investment account shows $107.9 at the end of year one, $97.9 at the end…

A: The formula for the Annual Holding Period Return (HPR) is given by:HPR Let's calculate the HPR for…

Q: Double your money-Rule of 72. Approximately how long will it take to double your money if you get an…

A: Step 1 Time value of money The idea of the time value of money (TVM) holds that a quantity of money…

Q: You have an investment opportunity that promises to pay you $12,979 in four years. Suppose the…

A: GIVEN VALUES: Present Value: 9,5402Future Value: 12,9793Number of periods (n): 4 years Step 1: The…

Q: You want to invest in an annuity that will pay you $2,300 per quarter for the first 8 years and…

A: A series of regular payments in regular periods may be starting from day one or an interval is known…

Q: An investment will pay you $4,611.9 in 3 years if you pay $1,376.68 today. What is the implied rate…

A: Rate of return = (Future value / Present value)^(1/Time) - 1 where, Future value =  $4,611.9 Present…

Q: Use logarithms to solve the problem. How long will it take an investment of $7000 to triple if the…

A: Future Value = Present Value (1 + g)n

Q: assume that at the beginning of the year, you purchase an investment for $7,200 that pays $100…

A: Initial value=$7200Final value=$6800Annual income=$100

Q: Suppose Karlem invested P20,000 for five years with simple annual interest of 10%. What is the…

A: Simple interest is a method under which interest is calculated on a principal amount. It calculates…

Q: Double your money-Rule of 72 Approximately how long will it take to double your money if you get an…

A: The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed…

Q: An investment will pay you $83,000 in five years. Assume the appropriate discount rate is 6.75…

A: The concept of time value of money will be used to solve this question.   We need to find the…

Q: a) How much will this investment be worth after 10 years? (Round your answer to the nearest cent.) $…

A: Investment Amount = $49,000 Time period = 10 years Rate of interest = 8% compounded continuously.…

Q: Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will…

A: The rate of return on an investment is the discount rate at which the present value of the future…

Q: Assume that an investment of $9000 earns an APR of 6% compounded monthly for 16 months. How much…

A: Data given:P=Principal=$9000r=APR=6% (compounded monthly)n=16 monthsRequired: Amount in the account…

Q: What is the value today of $68,599 that will be received at the end of 13 year(s) having earned an…

A: The present value of the money to be received in the future is the future value discounted at the…

Q: Assume you have $1600 to invest in a 4 year CD with an APR 2.8% compounded daily. When the CD…

A: Certificate of deposit (CD) A certificate of deposit (CD) is a type of savings account where the…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: To calculate the present value we will use the below formula   A = P+(P*r*t) Where A - Future value…

Q: Determine the present value P you must invest to have the future value A at simple interest rate r…

A: Information Provided: Amount = $7000.00 Rate = 15% T = 0.75 (39 weeks / 52 weeks)

Q: An investor put his money in an investment earning 10 1/2% simple interest rate per annum. If his…

A: simple interest formula: A=P×1+RT given, p 12.30 MILLION R=10.5% T=15 / 12 YEARS

Q: Find the rate of interest and final amount resulting from an investment of P800 at 12% simple…

A: Simple interest:   It is the return an individual gets on the amount invested by him at the end of…

Q: You invest $10,000 into a money market account that pays interest on a semi-annual basis (e.g.,…

A: We use NPER function in excel by taking present value as 10000 and future value as 20000 and…

Q: If money is invested at an interest rate of 5.7 percent per year, find the annual percent yield…

A: Effective yield or the APY takes into consideration the number of times compounding is done in a…

Q: Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

A: To calculate the present value we will use the below formula   Present value = FV/(1-d)n Where FV -…

Q: Find the time required for an investment of 5000 dollars to grow to 7100 dollars at an interest rate…

A: Initial amount= P= 5000Final amount=A=7100Interest rate = 7.5%=0.075 Number of times compounded in a…

Q: Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

A: Future value after 12 years (FV) = $1,000 Quarterly period (p) = 48 (i.e. 12 years * 4) Quarterly…

Q: Jones expects an immediate investment of $49,156.80 to return $8,000 annually for ten years, with…

A: Variables in the question:Present value of investment=$49156.80Annuity payment=$8000N=10 years

Q: ou can assume that all payments are made at the beginning of the period and use "1" for the "type"…

A: a. Future value$ 81,102.53b. Future value$ 85,289.85c. Future value$ 444,644.11Explanation:The above…

Q: Find the accumulated value of an investment of $15,000 for 5 years at an interest rate of 1.45% if…

A: Present value = pv = $15,000Time = t = 5 YearsInterest rate = r = 1.45%

Q: When an initial amount of è dollars is invested at r% annual interest compounded n times per year,…

A: The Initial amount of P Dollars is invested at r% annual interest , compounded n times per year ,…

Q: Compute the following with the data provided: (Show sufficient work with formulas used and all the…

A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…

Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: iven the following parameters what is the APR of the following investment? Assume end of month…

A: when someone or a company borrows money the term "APR," is used. the full name of APR is "Annual…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given: Future value (A) =$5000.00 Rate (r) = 15% = 0.15 Time t=312=0.25