Use the formula for computing future value using compound interest to determine the value of an account at the end of 9 years if a principal amount of ​$18,000 is deposited in an account at an annual interest rate of 3​% and the interest is compounded quarterly.       Question content area bottom Part 1 The amount after 9 years will be ​$enter your response here. ​(Round to the nearest cent as​ needed.

Q: Find the present value of the given future amount. $43,000 for 22 months at 5% simple interest

A: Answer  Future Value $43,000 Time 22 Months Period In Years 1.83 Years Rate 5%

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Future Value = Present Value x (1 + r)^n

Q: If you deposit ​$2 comma 7002,700 today into an account earning an annual rate of return of 1313…

A: The objective of this question is to calculate the future value of a single deposit of $2,700 at an…

Q: Present value of an annuity Determine the present value of $200,000 to be received at the end of…

A: The present value is the worth of cash flows at the present time computed on the basis of a given…

Q: How much will accumulate in three years by depositing $540 at the end of each of the next 12…

A: The future value can be compared by looking at how much money you will have in the future from the…

Q: What is the nominal annual rate of interest compounded monthly at which ​$1663.00 will accumulate to…

A: Number of monthly periods = Number of years×12 =3.25×12=39 Monthly interest rate is calculated using…

Q: Current Attempt in Progress the present and future values of an income stream of $6000 a year for 25…

A: Income stream = $6000 Period = 25 years Interest rate = 4% compounded continuously

Q: Complete the following using compound future value. (Use the Table 12.1 provided.) Note: Round your…

A: time = 10 years principal = $17,100 rate = 4% compounded annually   Amount of Future Value = P *…

Q: Find the simple interest on a $2000 investment made for 5 years at an interest rate of 8% / year.…

A: Simple interest refers to the method of calculating interest earned on an investment where for each…

Q: What is the value now of an annuity that paysf $6,000 at the end of each of the next 92 years…

A: Present value of annuity is equivalent value of annuities that would give same cash flow based on…

Q: Calculate what $860 would grow to at 7% per year compounded daily for 9 years. (Use the Table 12.2)…

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

Q: An investment of $837.00 earned interest quarterly. If the balance after 7 years was $1251.24, what…

A: Initial investment = $ 837Future value = $ 1251.24No of years = 7Number of quarters = 7*4= 28Find…

Q: Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20…

A:

Q: onsider the following schedule: (Same Schedule as problém 8, Pepeated agan nere) nnual withdrawal of…

A: Future value of investment depends on time and interest rate and grow with interest and time.

Q: Use Table 11-1 to calculate the compound amount (in $) on an investment of $3,500 at 10% interest,…

A: Time value of money is a financial concept which is used to analyze various investments and…

Q: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment.…

A: Information Provided: Principal = $8000 TIme = 4 years Nominal rate = 11% Compounding = Annually

Q: Complete using manaul computation You have 20 years left for your retirement. You wish to…

A: The time value of money is a concept in finance that evaluates the worth of future expected cash…

Q: Question Content Area Use the present value and future value tables to answer the following…

A: Answer:- A Present value is $1,643.79 or $1,644. Computation of present value:-  PV = FV / (1+r)^n…

Q: Apply the concept from page 8-7 “Interest rates and compounding periods,” you have the opportunity…

A: Future Value = Present Value x (1 + r)^n Compounding Frequency = monthly

Q: Use Table 12-1 to solve.   Suppose a certain manufacturer deposits $7,000 at the beginning of each 3…

A: The question is based on the concept of Annuity.

Q: Deposits of ​$92.00 are made at the end of every quarter for 3 years. What will the deposits amount…

A: Quarterly interest rate =  Annual rate Frequency of compounding in a year = 0.054 = 0.0125 Number of…

Q: Complete the following using compound future value. (Round your answers to the nearest cent.)…

A: Here, Time period (NPER) = 15 years Principal amount (PV) = $16,300 Interest rate = 2% Compounded =…

Q: 1. What is the accumulated value of the Php 25 payment be made at the beginning of each of the next…

A: The same amount is being paid annually over three years; this is an annuity. To find the future…

Q: What is the future value of $100 quarterly payments for 5 years assuming a 15% interest rate…

A: Convert 15% compounded monthly to its equivalent interest rate for quarterly interval. Here, 'R'…

Q: Find how much money needs to be deposited now into an account to obtain $4,400 (Future Value) in 12…

A: Given: Future Value =$4400No. of years (t) =12 yearsInterest rate (r)=5.5% per year==0.055Compounded…

Q: What is the present value of a stream of $800 cash payments, each to be made at the end of the next…

A: Given:

Q: You deposit $200 in an account earning 7% compound interest for 6 years. Find the future value and…

A: Future value refers to the projected monetary worth of an investment or asset at a specified date in…

Q: Find the simple interest on a $1600 investment made for 3 years at an interest rate of 8%/year. What…

A: Simple Interest: The amount earned on an investment at a given rate of interest at the end of the…

Q: a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal…

A: Compound = monthly = 12Interest rate = r = 5.5 / 12 %Time = t = 11 * 12 = 132Future Value = fv =…

Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Compound…

A: Compound interest: This interest is calculated on the amount that includes the principal plus the…

Q: What amount would you have if you deposited $2,100 a year for 40 years at 9 percent (compounded…

A: Annuity refers to the series of equal payments or receipts made at regular intervals for a…

Q: Problem 1. Answer the following questions on recurrence relations. a) A person deposits $5000 in an…

A: A recurrence relation is an equation that defines a sequence based on a rule that gives the next…

Q: If you invest $1000 (the principal) at a 6% annual rate for three year, how much interest you are…

A: The Effective Annual Interest Rate (EAR), also known as the Annual Equivalent Rate (AER), is a…

Q: If $16800 is deposited in a savings account today, what amount will be available three years from…

A: Future value is an estimate of the future cash flows ​​that may be received at a future date,…

Q: how to use texas instrument TI-30XIIs calculator to find the savings plan balance? ex: Find the…

A: Compound = Monthly = 12Time = t = 3 * 12 = 36Interest Rate = r = 3 / 12 = 0.25%Monthly Payment = p =…

Q: Question 1 What is the future value of $650 deposited for one year earning an 10 percent interest…

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

Q: Question What is the value, 6 years in the future, of $3,707 invested to earn an annual return of…

A: Answer 6.Answer 7.

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Lets understand the basics. Present value is a value of any future amount into present. For…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Here, Principal Amount (PV) is $13,000 Annual Interest Rate (r) is 3% Compounding Period (m) is…

Q: For the following exercise, use the compound interest formula, A(t) = = P(1 + 1)^², Submit Answer ,…

A: Future value refers to the worth of amount in an account after years of compounding of interest.…

Q: Solve Problem using Excel.

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

Q: At the beginning of the year you deposit $3,000 in a savings account. How much will accumulate in 3…

A: Future value refers to the value of current assets at some future date on the basis of the assumed…

Q: find the final amount in this retirement account, in which the rate of return on the account and the…

A: Interest rate is 7.9% compounded quaterly for first 20 years Interest rate is 6.8% compounded…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.