What interest rate would be necessary for $6,550 investment to grow to $9,300 in an account compounded continuously for 5 years? Number you as a per p

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…

Q: What is the FV at the end of year 5 of $2212 put in an account today if the return is 8.6% per year?

A: Future value refers to the estimated value of an investment or cash flow at a specified point in the…

Q: If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously,…

A: We need to use the formula of continuous compounding belowA=P(e)rn  where   A=future valueP=present…

Q: How much should be invested each year for 10 years to provide you with $7000 per year for the next…

A: Annuity means no. of payments which are equal in size and made at equal length of intervals. Person…

Q: Suppose an investment earns 2.5% interest compounded continuously. Find the future value of a $3400…

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

Q: You have discovered an investment opportunity that earns a 3% rate of interest compounded…

A: Present value is the equivalent value of future money today that is going to be received in the…

Q: you borrow $2,700 at 8% simple interest per year for five years, how much will you have to repay at…

A: interest =p×r×t100where,r=rate of interestp=principal t=years

Q: What is the future value of an account if $8,000 is invested at a rate of 7% compounded monthly for…

A: Future Value = P * (1 + i/n)(n x t)Where: P = Initial Invested amount i = Annual interest rate n =…

Q: If Anna’s investment of $900, grows to $1100 over 2 years, what simple interest rate does this…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: If $5,000 is invested at an annual rate of 6.5% compounded continuously, the future value S at any…

A: Information Provided; Principal = $5000 Annual rate = 6.5% compounded continously

Q: How much must be invested today to have $1,000 in two years if the interest rate is 5%? please show…

A:

Q: Suppose you have $1700 in your savings account at the end of a certain period of time. You invested…

A: Simple interest doesn't take compounding into consideration.

Q: If you borrow $15,500 with a 5 percent interest rate to be repaid in seven equal payments at the end…

A: Answer of the given question is below with the proper explanation. Note-final answer is rounded at…

Q: What is the future value of $10,000 invest today in a savings account with an interest rate of 12%…

A: An amount deposited in the account earns interest for the duration of the investment. The amount…

Q: ou borrow X for 10 years at an annual effective interest rate of i = 6%. If you pay the loan amount…

A:

Q: Q1. You plan to contrībute Ł6,000 at the end of every three months (that is, at each quarter-end) in…

A: In order to know the time period required to reach a certain financial goal of an individual or…

Q: You invest 800 into an account 1 year from today. Each subsequent year you invest 400 more than the…

A: At an interest rate of 8% with 800 investment amount for 1 year and subsequent 400 year amount for…

Q: Determine the amount P that you should deposit into an account 2 years from now, in order to be able…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: if you place $1100 today into an account that pays simple interest and you have $6100 dollars in the…

A: Present value is the estimation of the current value of future cash value which is likely to be…

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: Approximately how many years does it take to double a $600 investment when interest rates are 6…

A: In the above question we need to compute the time period i.e. number of years required to make the…

Q: If you invest $1700 in an account paying 7% compounded continuously, how much money will be in the…

A: Amount Invested = $1700 Interest Rate = 7% Interest Rate per week(r) = 7%/52 Number of weeks (n)= 65…

Q: You borrow $110,000; the annual loan payments are $16,753.02 for 30 years. What interest rate are…

A: Borrowed amount = $110,000Annual loan payment = $16,753.02Number of years = 30 years

Q: d it will become $ 6,000 at the end of 4 years, determine the nominal rate of interest and the…

A: The given problem can be solved using using RATE and EFFECT function in excel. RATE function…

Q: ears if the annual interest rate is 8 percent. a. What would be the future value if the interest…

A: Simple interest is that no interest on interest is considered and in compounding interest interest…

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: Use logarithms to solve the problem. How long will it take $11,000 to grow to $19,000 if the…

A: Compound = monthly = 12 Present value = pv = $11,000 Future value = fv = $19,000 Interest rate = r =…

Q: unt balance of $10,000 after 5 years, what amount do you need to invest initially into an account…

A: More is compounding than more is the effective interest rate and hence more will be the future value…

Q: If you initially invest $2200 in an account that earns 2.25% interest compounded continuously, how…

A: Initial investment (P) = $2200 Interest rate (r) = 2.25% Period (t) = 3 Years Mathematics constant…

Q: You borrow $175,000; the annual loan payments are $10,120.27 for 30 years. What interest rate are…

A: Interest on a loan is the additional amount of money that a borrower has to pay back to the lender…

Q: Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 4.5% if…

A: Future value is the expected value of current sum in the near future.

Q: Find the future value of OMR10,000 invested now after five years if the annual interest rate is 8…

A: FUTURE VALUE FORMULA: simple interest : future value = present value ×1+N ×r compounding: future…

Q: C). If money doubles at certain rate of interest compound monthly in six years. How long will it…

A: Future Worth is value of a current amount at future point of time. It is done by compounding that…

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 present value of the given future amount. $70,093 for 324 days at 6.4% simple interest.…

A: Intreast rate for 324 Days =6.4×324÷360=5.76% Future value =70,093

Q: answer these two questions. Thank you! 1. Determine the compound interest rate per year equivalent…

A: Simple interest rate is interest rate without the impact of compounding of interest. But effective…

Q: What is the future value of $700 deposited for one year earning 4 percent interest rate annually?

A: In the given question we need to compute the future value of $700 deposited today for one year at 4%…

Q: You deposit $400 at the end of each month into an account earning 3.7% interest compounded monthly.…

A: Future Value (FV) is a financial concept that represents the projected worth of a sum of money at a…