Use the formula for computing future value using compound interest to determine the value of an account at the end of 6 years if a principal amount of ​$5,000 is deposited in an account at an annual interest rate of 4​% and the interest is compounded quarterly

Q: If $5 000.00 is placed on account for 6 years and earns interest at 12% p.a. compounded monthly, it…

A: The future value is the future amount along with interest. The present value is the current…

Q: If $1, 200 grows to $1, 781 in 7 years, determine the interest rate over that period.

A: In the given question we require to calculate the interest rate which grows $1200 into $1781 in 7…

Q: What is the future value of a single $5,000 deposit earning 8 percent interest, compounded monthly,…

A: Formula:

Q: what is the future value of $13000 received today and deposited 7 years in an account that pay 12%…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Use the appropriate formula to find the future value in dollars of $700 deposited at the beginning…

A: The answer is in the explanation section.Explanation:The interest is compounded annually, but the…

Q: If the single payment present worth factor for 10 years is 0.30656. Determine the interest rate…

A: The present factor is the present value of $1 that has to be received/paid in the future.

Q: Find the future value of an account if the present value is $172.39 at 6% interest for 700 days.

A: Future value of investment is the value received after putting some efforts and time in the…

Q: Prepare a time diagram for the present value of a four-year annuity due of $200. Assume an interest…

A:

Q: An amount of money P is deposited in a savings account that pays interest at a rate of r percent per…

A: It is simple formula which compounds the principal amount at number of times in a year. We use this…

Q: What is the future value of an annuity of $2,000 invested at the end of each of the next six periods…

A:

Q: Using​ annual, semiannual, and quarterly compounding​ periods, (1) calculate the future value if…

A: The concept of time value of money will be used and applied here. As per the concept of time value…

Q: In each situation described below, identify the initial payment, the term interest rate, and the…

A: The APR is the total amount of interest that is charged for the entire year. It provides a better…

Q: Use the compound interest formula for compounding more than once a year to determine the accumulated…

A: Here,Deposit Amount (PV) is $20,000APR (r) is 3.7%Time Period (n) is 32 yearsCompounding Period (m)…

Q: Find the interest rate of an account where a person initially invested $3000 with a fixed annual…

A: Given information Present value (PV) = $3,000 Future value (FV) = $5,000 Time period (t) = 11 years…

Q: Compute the future value of annual payments of $1,000, paid for 4 years, using an interest rate of…

A: Future value can be defined as the future worth of the present cash flow that will be received from…

Q: nual, semiannual, and quarterly compunding periods, (1) calculate the future value if $5000 is…

A: Future value can be computed using FV function in excel. FV function computes interest rate for…

Q: Find the principal P that corresponds to the future value F = $10,000 under r = 5.2% interest…

A: To calculate principal P, we need to use time value of money formulae.

Q: What amount needs to be deposited into an account earning 4.3% interest compounded annually to have…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: Principal amount (P) = $43,000 Interest rate (r) = 9 3/4% = 9.75% Period (t) = 9 Years Compounding…

Q: Calculate the future value of 6 payments at the end of the year of $10,000 with an annual interest…

A: 6 Payments at the end of the year = $10,000Interest rate = 8%Number of payments = 6

Q: What is the present($) worth of two $100 payments at the end of third and fourth years if the annual…

A: The formula for the calculation of present worth is as follows: Present worth=Future…

Q: Find the simple interest on a $1700 investment made for 2 years at an interest rate of 6% / year…

A: Simple interest is a simple method of calculating interest on principal for a specified period of…

Q: ind the future values and the int arned for the following annuities very 2 months for 1 year, 8 mont…

A: Future values of annuities include the amount deposited and the interest being accumulated over the…

Q: Consider a $1,800 deposit earning 10 percent interest per year for 7 years. How much total interest…

A: Interest on interest is that under which is earned by the investor on his interest earned amount…

Q: use the appropriate formula to find the future value (in $) of $500 dollars deposited at the…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: What is the future value of an annuity of $2,000 invested at the beginning of each of the next six…

A: Future value: This is the amount of present value accumulated or compounded at a rate of interest…

Q: Find the present and the future value of quarterly payments of $2,000.00 for 5 years with interest…

A: Present value: It can be defined as today’s worth of an investment that will be received in the…

Q: The income stream b = (1000, 1500, 2500, 4000) consists of payments made at the end of the next four…

A: The present value is calculated by discounting the cash flows at an appropriate discount rate for a…

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…

Q: Determine the amount of money in a savings account at the end of 5 years, given an initial deposit…

A: Compounding: It is the practice by which the interest is credited both to an existing principal…

Q: If $1,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: The conceptual formula used:

Q: A payment of $4,500 was made into an account at the end of every 3 months for 12 years. a. If the…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a future…

Q: the formula  find the monthly payment of an ordinary if the present value is P18,500 with an…

A: Present value of money is that equivalent money that includes interest and principal amount. That is…

Q: Payments of $1000 each are made at the end of every year for 6 years to a savings account. Calculate…

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

Q: ) Find the amount to which $100 will grow at an interest rate of 16% compounded semiannually for 4…

A: 1- a  initial investment =$100 interest rate =16% compounding semiannual  semiannual interest =8%…

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: If, starting one year from today, 12 equal annual deposits of $2,500 are made into an account…

A: Annual deposit (P) = $ 2500 Annual interest rate (R) = 0% Number of annual deposit (N) = 12

Q: Using​ annual, semiannual, and quarterly compounding​ periods, (1) calculate the future value if…

A: The effective rate is the actual interest rate earned or paid on a financial. It takes into account…

Q: Calculate the dollar amount that would be in a savings account at the end of 5 years, given an…

A: Initial investment (P) = 701 dollars Rate of interest (i) = 2.76% (Compounded monthly) Time period…

Q: Find the accumulated value of an investment of $15,000 for 4 years at an interest rate of 4.5% if…

A: Compound interest is responsible to accelerates the growth of money. It grows an amount of money…

Q: Compute the future value of annual payments of $100, paid for 5 years, with an interest rate of 8% (…

A: