The balance of an account continuously compounded was $2006 after 7 years and $6790 after 12 years. What's the balance after 14 years? dollars.
Q: What is the future worth of the following series of payments? (a) $9,000 at the end of each year for…
A: Annuity value = $9000 Time period = 6 years Interest rate = 11.25%
Q: Find the value of $5000 five years ago when the interest rate is at 6.5%, compounded semiannually.
A: Present value is equal to PV = FV(1+rn)nt where PV is present value . FV is future Value , t is…
Q: What deposit today is required for it to be worth $150,000 in 25 years if the deposit earns 5%…
A: Interest is the cost of borrowing. Compound interest is calculated on the principal amount as well…
Q: 3. Don Blaza bought a property for 300,000 down payment and the balance in 10 deferred semi-annual…
A: Here we calculate the given by following method as follow;
Q: Q1: A sum of $2000 borrowed at 16% compounded daily for 2 years, state (a) The nominal rate of…
A: Given data: Present value P=$2000 Rate 16% compounding daily. Time t=2 years
Q: Topic: Annuities 1. A man paid 10% down payment of ₱200,000.00 for a house and lot and agreed to…
A: We are going to use Present Value of money concept to answer this question. Note: As per the…
Q: Your rich uncle has just given you a high school graduation present of $500,000. The present,…
A: The concept of value of money states that the value of money available at the present time is more…
Q: Every three months, Mahmood deposits $1100 into an account paying 6% compounded quarterly. Find the…
A: Given Mahmood deposits $1100 into an account in every 3 months. The bank pays him 6% compounded…
Q: How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 5…
A: Future value tells us how much will be the worth of the amount deposited/invested today says after n…
Q: A bank sales a pledge of savings certificate of 500,000$ to pay 10 years later. to a 4% continuous…
A: The information which has been given to us is as follows:- Future value is $500,000 n is given to…
Q: Find the present worth of a future payment of 100,000 to be made in 10 years with an interest of 12%…
A: To solve above question we firstly simplify the interest rates as per their compounding periods by…
Q: A mortgage of 190000 is required to purchase a house. The mortgage will be repaid with equal monthly…
A:
Q: A mortgage of 190000 is required to purchase a house. The mortgage will be repaid with equal monthly…
A: The mortage amount (present value) = $190000 Total intallment period (n) = 25 years x 12 Months =…
Q: An investment of $3523 is made at the beginning of each month for 5 years and 10 months. How much…
A: Total months(n) =years*12+months=5*12+10=70 interest rate per month (r)=1% Amount invested per month…
Q: What is the present worth of a 3-year annuity paying 3,500.00 at the end of each year, with interest…
A: Present value is that the thought that states associate degree quantity of cash these days is price…
Q: You deposit $2000 in an account earning 8% interest compounded continuously. How much will you have…
A: When you earn compound interest, you earn interest on both the money you've saved and the money…
Q: Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 11 years. If…
A: We have the following information, Jake Werkheiser decides to invest $5000 Time period, n = 11…
Q: If $500 were deposited in a bank savings account, how much would be in the account 3 years from now…
A: Compound interest is calculated on the principal amount as well as the accrued interest.
Q: A car loan requires 30 monthly payments of $199.00 starting today. At an annual rate of 12%…
A: The measure that depicts that the value of money in the present is considered to have much more…
Q: 4% compounded annually, what is the cash price(P) of the property?
A: Here we are required to calculate the present worth of the cash flow stream. First of all calculate…
Q: ach year a single payment of ₱1,766.00 is deposited in an account that earns 6% compounded…
A: Compound interest is the interest on a loan or deposit calculated supported each the initial…
Q: Compute for the iEff/bimonthly and iEff/monthly 15% Compounded semi-annually.
A: Answer: iEff/bimonthly = 14.64% iEff/monthly = 14.55%
Q: What is the accumulated amount of P 5 000 after 10 years that is at 8% compounded bi monthly?
A:
Q: Brian borrowed P30,000 from a financing company charging 11 4/5% simple interest for 180 days. How…
A: According to the question brain borrowed P30,000 at the interest rate of 11 4/5(11.8%) for the 180…
Q: John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with…
A: The loan amount is $10,000, the interest rate is 18%, and the time period is 5 year. Let us consider…
Q: Anika wants to invest $200 a month at 4.25%/a compounded monthly for 10 years. a) b) What will be…
A: Regular payments given at the conclusion of each term, such as monthly or quarterly, make up a…
Q: Given the situation , choose the correct formula to solve the problem: What present value amounts to…
A: The formula for present value(PV) is given below: PV=FV×11+RN FV: future-value R: interest rate N:…
Q: How long (in years) will it take to quadruple it earns 0.08 compounded semiannually?
A: Given interest rate = 8 % compounded semiannually Semi annual rate = 8 / 2 = 4 % The rule of 144 The…
Q: 2. Convert 12% compounded semi-annually to "r" compounded quarterly.
A: The formula for effective rate of interest is: r = 1+inn - 1
Q: Vince loaned P30,000.00 from a cooperative and promised to pay it back with x times his original…
A: Solving completely
Q: Determining the Present Value for a Decreasing Annuity How much money must you deposit now at 6%…
A: Given the annuity amount = $3000 Interest rate = 6% Quarterly interest rate = 6% / 4 = 1.5%…
Q: Jimmy paid off a mortgage by paying $775 per month for 12 years. What was the original amount of the…
A: The present value of an annuity alludes to how much cash would be required today to fund a series of…
Q: What is the total payment required to pay off a promissory note issued for $800.00 at 10% ordinary…
A: Answer: Option D ($840.00) Explanation: The term is of 180 days. 180 days means 6 months. Interest…
Q: Lia was supposed to make payments of $1,766 6 years ago and $1000 5 years ago to settle a loan. If…
A: Interest refers to the amount paid in excess of the principal amount y the borrower to the lender.…
Q: A series of equal semi-annual payments of $2900 for 3 years is equivalent to what present amount at…
A: Compound interest is computed on both the initial amount of money and the interest that has been…
Q: Scott deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned…
A: This is the case of ordinary annuity for 8years but we need to calculate for first 4year and then…
Q: John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with…
A: A loan helps an individual to borrow and spend on his/her current needs. However, an interest rate…
Q: If the sum of ¥15,000 is deposited in an account earning interest at the rate of 12% compounded…
A: Given information, Principal amount (P): ¥15,000 Interest rate (r): 12% Compounding period (m): 2…
Q: What is equal-payment-series present-worth factor?
A: Answer - Equal Payment - Series worth factor - This help investor to calculate how much money need…
Q: The compound interest on a certain sum of money for 2 years is $ 52.00 and the simple interest for…
A: GIVEN Simple Interest for two years is 50P×T×R / 100 = SimpleInterest P×2×R = 50
Q: If money is worth 5% compounded semi annually, find the present value of a sequence of 12 semi…
A: Given data: Rate is 5% and compounded semi annually. 12 semi annual payments of A=P500 each. First…
Q: 3) In 12 years from now, you want your investment to be able to be worth $200,000. To the nearest…
A: here we calculate the present worth by using the given information so the calculation of the…
Q: A man pays his debt in the following manner: P1000 after 1 yr., P900 after 2 yrs., P800 after 3 yrs…
A: First-year payment = P1000 Yearly decrease, G = 100 Number of years = 11 years Interest rate, i =…
Q: I deposit £250 in a high-earbing account paying 9% compound interest and leave it for three years.…
A:
Q: If you deposit $8,000 into an account paying 8% annual interest compounded quarterly, how…
A:
Q: Your mortgage compounds interest annually at an interest rate of 3.1%. If your loan was for…
A: Interest paid after 5 years= 115438.789
Q: A nominal interest of 5% compounded continuously is given on the account. What is the accumulated…
A: Solution Given information interest rate = 5% compounded annually Present value of amount =…
Q: A total of $50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring…
A: Given: The total amount borrowed = $50,000 The amount repaid with = 60 monthly payments The first…
Q: Determine the present value of the $5,000 payment over 36 months beginning at the end of the first…
A: Ordinary annuities are a series of equal payments made at the conclusion of each period for a set…
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