Future Value If $8800 is invested for x years at 8%interest, compounded annually, find the future valuethat results ina. 8 years.   b. 30 years.

Q: future value.

A: Given that, The present value (PV) is $7,000. The number of compounding periods (n) is 24 (6 * 4).…

Q: Find the present amount needed to attain a future amount of F dollars in the given time using an…

A: Let present amount = I interest rate = r = 7%= 0.07  time=t= 2 years  Final amount = F = 3100

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given       Future value (A) = $7000.00      Rate (R)= 13.5 % Time in years (t) =0.75   (9 months/12…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given future value A=$9000. Interest value r=14%=0.14. Time t=612=12=0.5 years. The objective is to…

Q: Retirement Hennie and Bob inherit $100,000 andplan to invest part of it for 25 years at 10%,…

A: Future value =$1000000 n=25*12=300 r=10%12=1010012=0.112 To find the present value (i.e,)The amount…

Q: If $2102 is invested at 13% for 28 years

A:

Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: Finance. A person wishes to have $24,400 cash for a new car 4 years from now. How much s ccount now,…

A: INTRODUCTION: The formula for compound interest is given by, A=P1+rnnt Where P is the principal…

Q: Find the future value and interest earned if $8904.56 is invested for 9 years at 4% compounded…

A: Future value is,

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: A graduate gets a good job and decides to save $200 per month into a 401K fund on payday, the last…

A:

Q: Calculate the future value. (Round your answer to two decimal places.) P = $4600, r = 12%…

A: Given, P = $4600,  r = 12% compounded semiannually,  t = 10 years  We know that formula for  future…

Q: Investments If $2000 is invested at 8%, compoundedcontinuously, the future value of the investment…

A: P=2000,  r=8%=0.08  &  t=10.

Q: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

Q: Investment At the end of t years, the future value ofan investment of $38,500 in an account that…

A: S=385001+0.081212t Put S=100230 in S=385001+0.081212t, we get…

Q: Finf the number of years required for a $2000 investment to triple at a 9% interest rate compounded…

A: Consider the following information: PrincipleP0=$2,000Rate of interestr=9⁒Principle after t…

Q: You deposit  $17000 in a bank that its interest rate is 8%  annual interest compounded quarterly…

A: Given that, P= 17000 r = 8% Snnndndnssndnndndd

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A: Given : A​ =​ $9000​, r​ =12​%, t​ =3years

Q: An investment of P2,850 is made at the beginning of each month for 6 years and 7 months. How much…

A: Given that investment of P=2850 per month  for time T=6 years and 7 months= 79 months rate of…

Q: $11,000 is invested for 3 years at an annual simple interest rate of 13%. (a) How much interest will…

A: For the given problem  Principal amount P=$11,000                  Time   t=3 years…

Q: /hich represents the lowest interest that would be paid? Interest Rate of 8% with a Weekly…

A: We asked to find which is lowest interest that would be paid

Q: Complete the table for a savings account in which interest is compounded continuously. (Round your…

A: Given that P = $250, A = $335.21, t = 14 yrs.

Q: A principal earns 9% per year simple interest. How long will it take for the future value to double?…

A:

Q: Calculate the future value. (Round your answer to two decimal places.) P = $4400, r = 10%…

A: Here, P=4400r=10%=0.01t=12n=2

Q: An advertisement of an investment firm states that if you invest P5000.00 in their firm today you…

A:

Q: A principal earns 7% per year simple interest. How long will it take for the future value to…

A: given that rate interest per year = 7% let the initial amount be $x by quadrupling, it will become,…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A:

Q: Td the present valun of $7000 payable at the end of 2 years, lf money may be invested at 4% with…

A:

Q: A couple deposits 24,000 into an account earning 5 percent annual interest for 20 years. Calculate…

A: Given, P=24000   Interest  =r= 5% Time =t =20 years The investment compounded daily. n=365

Q: Future Value If $10,000 is invested at 12% interest,compounded quarterly, find the future value in…

A: Given: Present value=$10,000Rate of interest compounded quarterly=12%Total time period=10 years……1…

Q: nd the simple interest earned on a deposit of $5,750 that is left on deposit for 3.5 years and earns…

A: Given Present value P=$5750 Time ,t=3.5 years Rate,r=4.5%=0.045 per year

Q: Investment At the end of t years, the future value of aninvestment of $30,000 at 9%, compounded…

A: S=300001+0.09t

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: We have to find the future value of each deposit if the account pays: a Simple interest: We can…

Q: Find the value of an investment of $8,300 after 14 years with 3.2% interest compounded monthly

A:

Q: Angela deposits $4000 into an account with an APR of 2.2% for 11 years find the future value of the…

A:

Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: Kim deposited 20 000 pesos at 4. 75% for 4 years and 3 months. Determine the future value of the…

A: (a) Use the formula for the compound interest to determine the future value for the deposit…

Q: Find the future value and interest of $8000 at 3 1/2% compounded monthly for 10 years. A. Future…

A: Given present value(PV) is $8000. Interest is 312% annual rate compounded monthly. time n=10…

Q: Use the present value formula to determine the amount to be invested now or the present value…

A: The present value formula to determine the  amount to be invested now or the present value needed…

Q: Investments Find the 7-year future value of aninvestment of $20,000 placed into an account thatpays…

A: The amount of investment is $20,000 The time period of the investment is 7 years The rate of…

Q: Find the present value of $3000 due after five years if the interest rate is 9% compounded…

A: Given: A present value of $3000 due after five years if the interest is 9% compounded quarterly. To…

Q: Determine the present value P that must be invested to have the future value A at simple interest…

A:

Q: each month for 9 years and the interest rate is 7.2% compounded monthly. N= FV=

A:

Q: Starting at age 30 and at the end of each month, you invest $540 into a retirement IRA. The IRA…

A: Given : Starting at age 30 and at the end of each month, you invest $540 into a retirement IRA. The…

Q: Find the future value and interest of $10,000 at 6.3% compounded annually for 20 years. A. Future…

A: This question belongs to compound interest. We have to find amount and interest.

Q: Calculate the future value. (Round your answer to two places.) p=$28000, r=4% compounded monthly,…

A:

Q: James is investing $15,000 in the bank. The investment has an interest rate of 6% compounded…

A:

Q: Find the future value if $3000 is invested for 13 years at 11% compounded annually

A: P=$3000,  t=13  ,  r=11%=0.11  &  n=1 compounded annually

Q: Investments Suppose $3000 is invested in anaccount that pays 6% interest, compounded monthly.What is…

A: Here we have,  Present value (PV)=$3000 Interest rate r =6%=6100 compounded mounthly time t=12 years…