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: 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: 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: Compared the interest earned by $13,000 for seven years at 8% simple interest with interest earned…

A: Given:  Principal amount ( P) = $13,000 Interest rate(r) = 8% Time(t) = 7 years

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: The price of a Universal Testing Machine doubles in 15 years. What is the compounded yearly interest…

A: Given that,    Principal (P): $1000(let assumed) Total P+I (A): $2,000(let assumed) Time (t in…

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: How many months will it take to pay off a $525 debt, with monthly payments of $15 at the end of each…

A: Mortgage installments are regular payments made by borrowers to lenders to repay a mortgage loan.…

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: What is the effective interest rate per month if the interest rate is 9% compounded continuously?

A: The effective interest rate refers to the rate of interest that paid on an investment after to take…

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

A:

Q: If you invest $150,000 at an interest rate of 10% compounded annually, what is your total balance…

A: The interest rate is the income earned by the investment in the economy. When the money is invested…

Q: For a 9-year loan of $75,000 with an interest rate of 7.20% compounded monthly, What is your…

A: Monthly payment of loan refers to the amount of installment to be paid on the loan for each month.…

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: 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: How many quarters will it take to triple an initial investment at an interest rate of 14% compounded…

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

Q: A $200,000 loan is to be repaid in equal yearly payments over 25 years at an interest rate of 4%…

A: First, we need to calculate the yearly payment for the loan. This can be done using the formula for…

Q: 5. Find the equivalent present worth of a series of annual payments if the first payment equals $500…

A: This is an example of uniform gradient series cash flow. The uniform gradient series starts from 4th…

Q: What sum deposited today at 9% compounded annually for 18 years will provide the same amount as…

A: Formula for the future annuity is given as: F = A (1+R)t-1RFormula for the presnet value P =…

Q: What single amount at the end of the sixth yearis equivalent to a uniform annual series of $7,500per…

A: Annual uniform amount = 7500 Time = 10 years = 12 years Interest Rate = 10%

Q: mon is planning to retire in 20 years. He wishes to deposit a regular amount every six months until…

A: Retirement in 20 years After Retirement = 80,000 for 10 years r = 8%