You pay 10,000$ per year for 10 years. what is the total payment at the end of 10 years with knowing that the interest rate is 5% compounded annually.  $145,256 $140,698 $125,770 $120, 698

Q: Determine the equivalent present amount of a series of equal quarterly amounts of $10,000 for five…

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

Q: Five annual deposits in the amounts of $5,000, $4,500, $4,000, $3,500, and $3,000 are made into nd…

A: here we calculate the amount in the fund immediately after the fifth deposit by following method…

Q: Jack borrowed $10,000 from Mr. Jill on July 11, 2018 and promised to pay it by December 21, 2018.…

A: Given the borrowed amount = $10000 Interest rate = 15% Total number of days between the given months…

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Given: The interest rate is = 11% compounded quarterly The amount at 4th quarter is = $1,200 The…

Q: How much money would you have to deposit monthly for five consecutive years starting at the end of…

A: Future value will be computed as the total sum of value of series of payments (i.e. PMTs) in future…

Q: What is the future value of $3,000 saved for 6 years at 4% interest

A: FV = PV ( 1 + r )^t FV = Future value PV = present value i = interest rate compounded annually t =…

Q: You have a habit of drinking a cup of Starbuck coffee ($2.00 a cup) on the way to work every morning…

A: The price of a Starbuck coffee = $2 per cup Number of year = 30 years Interest earned = 5% Per day…

Q: Would you rather have $1,000 today or $1,250 in 3 years at a 8% annual interest rate compounded…

A: Future value can be calculated by using the following formula.

Q: The monetary policy that malaysia are using during covid-19 in 2020. explain

A: Answer in step 2.

Q: Suppose you borrowed $10, 000 at an interest rate of 12% compounded monthly over 48 months. At the…

A: Principle Amount =  $ 10,000 Interest rate = 12%                          = $1200 Loan amount =…

Q: Determine the amount of installment if a man bought a machine costing P 25,000 payable in 10…

A: Installment cost can be calculated as follows: A=P1+rnnt25,000=P1+0.26210×225,000=P11.523P=2,169.57

Q: What is the effective interest rate per payment period for an interest rate of 12% compounded…

A: The interest rate that accounts for the compounding periods over the course of a repayment plan is…

Q: You borrow $700,000 at 3% interest for 30 years on a mortgage.  How much total will you pay back on…

A: Compound interest is also referred to as "interest that is not simple." Compound interest does not…

Q: How many years will it take for an investment to be twice its value if it earns 8% compounded…

A: We use the rule of 72 here. No. of years needed to double any investment = 72/ interest rate

Q: One invested $10,000 five years ago. The first three years, the investment earned 12% compounded…

A: here we calculate the amount of money accumulated in five years as follow;

Q: A person deposits a sum of $ 20,000 at the interest rate of 18% compounded annually for 10 years.…

A: Following are the given values: Deposited amount = $20000 Interest rate = 18% Time period = 10 years…

Q: You deposit $5000 each year into an account earning 8% interest compounded annually. How much will…

A: Uniform annual deposit (A) = $5000The interest rate on the deposits is 8% compounded annually. So i=…

Q: What rate of interest compounded annually would result in receipt of $22,110 in seven years from…

A: Compound interest will be computed by multiplying the present value amount by one plus the annual…

Q: 2. What is the future worth of #10,000 invested every month for five years at 8% interest rate…

A:

Q: How many years will it take an investment to triple if the interest rate is 8% compounded annually…

A: When an amount is compounded annually, interest keeps added on for the compounding year after year.

Q: SHOW COMPLETE AND ORGANIZE SOLUTION. If you are to invest your money, which is a better option: 12%…

A: Let principal = 10,000 Time period = 10 years Amount = P(1+r)N Case 1 - 12% compounded monthly A =…

Q: Compute for the effective interest rate. Payment period = semi-annual Interest period = 10.2%…

A: Here, given information is: Nominal interest rate (i): 10.2% compunded yearly Payment period (Time…

Q: Approximately how long will it take a deposit to triple in value if money is worth 12 % compounded…

A: here we can calculate how long will it take a deposit to triple in value as follow

Q: 19. Each year a single payment of P5000 is deposited in an account that earns 16% compounded…

A:

Q: Michelle Hunter received $250,000 from an insurance company after her hus- band's death. Michelle…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: 2. Which of these gives the highest effective rate of interest? 16.35% compounded twice every month…

A: An effective interest rate is defined as an interest rate, which is applied on loan or financial…

Q: How much must be deposited at the beginning of each year in an account that pays 5%, compounded…

A: The compound interest formula is given as: A=P(1+r)t Where,  A is the final amount compounded on an…

Q: If I loaned an amount of 27,292 with an interest rate of 10% for the three and half years compounded…

A: Present value = 27292 r = 10% Time = 3.5 years

Q: An increasing annual uniform gradient series ends at the end of fifteenth year. What is the value of…

A: Present value of uniform inflow = Value of increasing annual uniform gradient series for 15 year For…

Q: How much will $4,200 be worth in 10 years with 7% interest compounded continuously? **** The future…

A: Interest is compounded annually when the interest accrued on the initial principal and the…

Q: a) What is the future value of a series of payments of $6,000 each, at the end of 8 years, at 6%…

A: Ordinary annuity is the equal series of payment is made at constant interval at the end of each…

Q: ind the equivalent effective interest rate of 6.05% when compounded continuously.   Write your…

A: Given  nominal interest rate i=6.05% compounded continuously. We have to calculate the equivalent…

Q: Lisa has a bank loan for $50,000 to pay for her apartment loan. This loan is to be repaid in equal…

A: Monthly compound interest-it means that the interest is added back to the principle each month.…

Q: What simple interest rate (in %) is equivalent to 5% compounded quarterly if money is invested for 9…

A: Answer to the question is as follows

Q: Suppose you borrowed $10, 000 at an interest rate of 12% compounded monthly over 48 months. At the…

A: Loan amount (P)=$10,000 Rate of interest =12% compounded monthly  This loan is a fixed payment loan…