You invest $10,000 in a fund that pays 7% per year for 5 years. How much is in the fund at the end of 5 years if (forgetting leap years and making “convenient” assumptions): a. Compounding is annual? b. Compounding is quarterly? c. Compounding is monthly? d. Compounding is daily?

Q: K Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: The objective of the question is to find the interest rate required for a sinking fund to reach a…

Q: what is the total compounding period for 6 years 9 months converted quarterly?

A: The timeframe/period between the compounding of interest. For instance, in the event that one has a…

Q: Choose the equation below that can be used to determine the value of "P" for a known interest rate,…

A: Present value refers to the value right now of some amount of money in the future. For instance, if…

Q: Q3 rates and the period in which the X value is calculated and then calculate the X value. Draw the…

A: Note: As per the Bartleby Policy, we are restricted to answer the first question, Kindly post the…

Q: 1 You deposit $17,000 in a retirement account on your 25th birthday, and you plan to retire on your…

A: Here we calculate the following by using the given information , and conclude the answer so the…

Q: How long will it take money to double itself if invested at 10% compounded annually?

A: Compound interest formula: F = P (1 + r)n Where F is the future value P is principal value r is…

Q: You deposit $10,000 in a fund that pays compound annual interest equal to 3%. One year later the…

A: The nominal rate of interest which depicts the time value of money can be any declared interest…

Q: Lany borrows money from a bank and promised to pay P5000.00 after 12 months. How much money did he…

A: Part-1) Given that: Future value (FV) = P5000 Time (n) = 1 year (or 12 months) Interest rate (i) =…

Q: a condominium unit can be bought at a down payment of 150,000 and a monthly payment of 10,000 for 10…

A: A 1 =150000 A 2 =10000 n=10 i=0.01

Q: Calculate the future value for the following 3 problems Present Value Interest Rate Time (Years)…

A: Future Value takes into account the time value of money. It calculates the value of an asset at a…

Q: If you invest $4,000 at 3% interest compounded monthly, how long will it take you to reach $5,000 ?

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: John-The-Smart-Investor plans to make uniform deposits every three months into a high yield savings…

A: YTM = 8% = 0.08 Coupon rate = 10% = 0.10 time to maturity of bond, n = 3 years coupon value, C =…

Q: How much must be invested now at 6% simple interest to accumulate $1,000 at the end of 5 years?…

A: Information extracted in the question: Simple interest = 6% Future value = $1000 Time = 5 years

Q: How long will it take money to quadruple itself if invested at 13% compounded annually?

A: Money quadruples meaning current value becomes four time in n years.

Q: Find the uniform annual amount that is equivalent to a uniform gradient series in which the first…

A:

Q: Addy plans to deposit her annual bonus into a savings account that pays 4% interest compounded…

A: # She receives interest @4% P.A # first bonus she deposit at the end of the first year with amount…

Q: How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity…

A: The interest rate is the amount a lender charges a borrower and is a percentage of the principal the…

Q: What does the statement “interest rate 10%” signify?   a The rate is effective per year.   b The…

A: Effective Interest rate:- Effective interest rate can be explained as the actual return on the…

Q: (i)  If $10,000 is needed in 12 years, how much should be deposited at the end of each year into an…

A: Given future value = 10000 $ Time = 12 years Interest rate = 5 % compounded annually

Q: How many years will it take an investment to double if the interest rate is 8.4% compounded at the…

A: The formula for effective interest rate per year is i=1+rmm-1 where m is the reciprocal of the…

Q: 45.

A: Monthly average in 2017 = $71.88 Increase in annual rate (r) = 3% per year n= 2020 - 2017 = 3 years

Q: Three professional siblings decided to save money so they can buy a house and lot for their parents…

A: Present worth is the discounted value of money at a given interest rate during a given time period.…

Q: If you had BD 4,500 now and invested at 13% interest compounded annually, how much would it be worth…

A: Investment Amount = 4500 r = 13% n = 8

Q: Bill made a budget and planned to deposit $150 a month in a savings account, beginning September 1.…

A: Future worth represents the value of future cash flows, investments, or benefits at a specified…

Q: Consider a student loan of $12,500 at a fixed APR of 9% for 30 years. a. Calculate the monthly…

A: Given,  Loan = $12,500  APR = 9%  Time = 30 years

Q: If a rate of 3% interest is compounded monthly, the effective rate of interest is somewhat less than…

A: The genuine interest rate attached to an investment or loan is described by the effective yearly…

Q: The interest derived from monthly compounding is always __________ that derived from quarterly…

A: Interest is the amount paid in excess of the borrowed amount by the borrower to the lender. The…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: How much is accumulated over two years in each of the following savings plans? a.$40at the end of…

A: Given data for the part (a) of the question is as below, Deposited amount at end of the month:…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: We are required to accumulate an amount of $80,000, therefore, this amount is the future value. FV =…

Q: Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years.…

A: the proportion of a loan that is charged as interest to the borrower typically expressed as an…

Q: Mr. Zzz deposited $25,000 in a bank which offers a compound annual interest of 7%. How long will it…

A: Given,  Principal = $25,000  Rate of interest = 7%  Amount = $35,800

Q: QUESTION 2 1. You need $30,000 to buy a new Air-Con for your house in 4 years. What value you must…

A: The present value of a cash flow refers to its value at present based on its expected value in the…

Q: Suppose you borrow $5,000 at 7.25% interest for 14 months.  What is the maturity value?

A: Simple interest is one of the easiest method to compute the amount to be received at the end of…

Q: If you had $1,000 now and invested it at 6%, how much would it be worth 12 years from now?

A: The following are the given data in the question: The current value of invested money = $1000…

Q: f you have only $750 on January 1, 2019, what interest rate, compounded annually for 3 years, must…

A: Given: The amount of initial investment is = $750 Years = 3 The maturity amount is = $1,000 To Find:…