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: You will deposit 14,061 at 10% compound interest for 6 years, and then move the amount you would…

A: Given Information, Principal amount = 14,061 Compounded Interest rate =10% Time Period for which…

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: If an investment of $5,000 is made in an account returning 2% p.a. then how long will it take for…

A: Using excel NPER function

Q: (iv) Continue with this logic and sum all the matured values expressed

A: We can determine the future value of an amount using the formula below:In this formula, amount =…

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: $27,831.47 $29,851.84 E S29,083.89 $30,729.84

A: The concept of the time value of money states that the current worth of money is more than its value…

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: Suppose we put $15000 into an account earning 3% interest compounded continuously. How long will it…

A: NPER stands for number of years or periods which is needed to clear or to pay off the loan amount at…

Q: Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly. e)…

A: Amount Deposited (P) =$5000 APR(r) = 4% = 4/12 = 0.3333% Years(n) = 7

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: what would be the interest accumulated on 1800$ after 270 days with an annual interest rate of 1.25%…

A: Accumulated interest means interest is accumulated on the loan amount or deposit for a certain…

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: Interest is the cost of borrowing or lending money.

Q: You are considering taking out a loan of $16,000.00 that will be paid back over 8 years with monthly…

A: Loans are paid by equal fixed periodic payments that carry the payment of interest and also payment…

Q: What interest rate compounded continuosly did a $15000 investment earn if it accumulated to $18000…

A: Given: Accrued Amount (A) = $18000 Principal Amount (P) = $15000 Time (t) = 5 years

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: 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: 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: How much interest will be earned if $5,000.00 is invested for 3 years at 10% compounded semi-annual?…

A: Future value is computed by following formula-FV = A × (1+r)nwhere,FV = Future value A = Amount…

Q: Suppose that you borrow $8,000 now, promising to repay the loan principal plus accumulated interest…

A: The future value of an amount is the future worth of an amount calculated based on the time value…

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: 1. How much money will you have in an account after 16 years if your initial investment is $8300…

A: Compound interest is the interest calculated on both the principal amount as well as the interest…

Q: You have paid $1,000 for an investment that will pay back $1,200 in 3 years. What interest rate does…

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

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: When we are investing into particular security, the value of it increases over the period of time.…

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: With an interest rate of 8%, how long does it take for an investment of $10, 400 to grow to $20,…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Suppose you knew of an investment that went from $1,000 to $8,000 in 24 years. Using the table…

A: The future value is the price of an asset in the future date considering the impact of inflation and…

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: How much money would you need to place in an account to have $1,000 10 years from today? Assume the…

A: The formula used as follows: Present value=Future value1+innt

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: long (in years) would $800 have to be invested at 11.6%, compounded continuously, to earn $300…

A: Interest is the return that is earned by an investor on investing a certain sum for a set duration…

Q: 6) You buy a $400,000 house. The loan is for 25 years and is at 4.5% monthly. What is the monthly…

A: Loan is a contract between lender & borrower where lender provides funds to borrower for…

Q: You are considering taking out a loan of $14,000.00 that will be paid back over 8 years with monthly…

A: Equity in a home refers to how much of that home's value a person has already invested in it.

Q: Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year.…

A: Given: Present value $100 Years 5 Annual rate  10%