What APR rate of interest is required to make your initial deposit of $3,813 grow to $7,006 in 15 years, when the interest rate is compounded monthly?

Q: A deposit of $290 earns the following interest rates: 9 percent in the first year. 7 percent…

A: Deposit amount (P) = $ 290 First year interest rate (R1) = 9% Second year interest rate (R2) = 7%…

Q: What is the payment for a loan of $320000 with an interest rate of 8.13% compounded monthly for 6…

A: using financial calculator to solve the monthly payment

Q: Give typing answer with explanation and conclusion A deposit of $450 earns the following interest…

A: If amount is deposited for 3 years with different interest rate for each year , then ,Future value…

Q: A deposit of $250 earns the following interest rates:   10 percent in the first year. 8 percent in…

A: Interest earned is the amount earned on the invested amount over the period of investment. It can be…

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: Future value is the value of current cashflow compounded at specified rate to future date.

Q: How much will a $100 deposit made today be worth in 10 years if interest is compounded quarterly at…

A: Future value of the deposit includes the amount being deposited and amount of interest accumulated…

Q: If $500 is borrowed and the interest after 18 months is $45, what is the annual interest rate for a…

A: Given:

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

A: In the given question we require to calculate the future value of $650 deposited today for one year…

Q: Suppose the interest rate is 6.4% APR with monthly compounding. What is the present value of an…

A: Present value of annuity. PV = A * 1-(1+r)-nr where , PV = present value of annuity A  =periodic…

Q: Assume that you make quarterly payments of $ 475 into an annuity paying 3% interest compounded…

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

Q: iii) How much would an investor pay now (beginning of the month) for an annuity, which pays £1,500…

A: Present Value of Ordinary Annuity refers to the concept which dictates the discounted value of a sum…

Q: What is the future value of $10,000 on deposit for 5 years at 6% simple interest?

A: The objective of this question is to calculate the future value of a deposit of $10,000 for 5 years…

Q: Find the Future value of the following deposits: P5000 two months from now, P3000 at the end of the…

A: The time value of money concept is the financial concept that deals with the time value or worth of…

Q: What is the future value of a $1000 deposit made today, in 7 years, if r = 10% APR compounded…

A: The time value of money is used to determine the future value and present value of any amount given.…

Q: How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid…

A: Future value refers to the value of a current asset on some future date affected by the interest…

Q: What is the maturity value of a 3-year term deposit of $9914.05 at 3.6% compounded monthly? How much…

A: Future value is a financial concept that refers to the projected worth of an investment or asset at…

Q: Compute the present value of a $3300 deposit in year 2, and another #2800 deposit at the end of year…

A: Cash flow 1= 3300 Cash flow 2= 2800 Interest rate = 9%

Q: Suppose the interest rate is 6.9% APR with monthly compounding. What is the present value of an…

A: Present value refers to the current worth of a future sum of money, taking into account the time…

Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment R,…

A: The ordinary annuity means a series of equal payments made at regular intervals at the end of the…

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $35000 at the time you…

A: Loan amount is $35000 Interest rate is 9%  Time period is 10 years To Find: Fixed Monthly repayment

Q: How much should an investor pay for an investment that pays an interest rate of 10% in form of…

A: The given details are:End of year payments: $100Payment at maturity: $3,000Interest rate:…

Q: Compute the future value of a $1500 deposit, after eight years, in an account that pays an interest…

A: Future value can be determined by compounding the present value.

Q: What is the future value of an annuity of 15 deposits of $6407 at the end of each year with a…

A: Step1: Calculating the future value of annuity. We have,Future value of annuity = P [(1+r)n – 1] /…

Q: Consider each of the following deposit cash flow series. What will the final balance be (e.g.,…

A: Interest Rate = 10% Time Period = 5 Years

Q: Consider a 20-year mortgage for $118,929 at an annual interest rate of 4.1%. After 10 years, the…

A: Present value is the value of sum of all future payments made in respect of mortgage at current…

Q: Using a compound interest calculator, if you would deposit $10 each week into a savings account that…

A: Deposit = $10 Interest rate = 3.75% compounded monthly Period = 5 years

Q: What is the future value of an annuity with annual cashflows of $4,000 for 38 years? The interest…

A: Future value of an annuity is the future value of stream of same annual cash flows which takes place…

Q: You decide to deposit $126 monthly in a 3.2% annual interest bearing account over the next 18 years.…

A: The future value of annuity is used to determine the value of a series of payments in future at a…

Q: A deposit of $750 earns interest rates of 9 percent in the first year and 12 percent in the second…

A: The provided information are: Present value (PV) = $750 Interest rate of first year (R1)= 9% = 0.09…

Q: Determine the number of the years if a deposit of P905,000 will earn P105,350 if invested at the…

A: Given the deposit amount, the interest rate and the amount of interest, the number of years can be…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$12,000…

A: Given, Amount that can be withdrawn from years 11 to 16 is $12000 Additional amount at end of 16 th…

Q: wR389000nowandrepayitin25equalannualinstalments (payments will be made at the end of each year). If…

A: The given problem can be solved using PMT Function in excel. PMT function computes installment…

Q: What is the future value of $775 deposited for one year earning an 8 percent interest rate annually?…

A: Approach to solving the question: Detailed explanation:

Q: What nominal interest rate is implied if you borrow 12,500 and repay 21,364.24 in three years with…

A: Using excel RATE function