What are the future value and the interest earned if $3000 is invested for 5 years at 8% compounded quarterly? (Round your answers to the nearest cent.) $ future value $ interest earned

Q: Use a spreadsheet or financial program on a calculator or computer. Track the future values of two…

A: (a) For compounded quarterly, P = $5000 r = 6.4% = 0.064 n = 4 FV = $7500 Formula: FV=P1+rnnt By…

Q: future value.

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

Q: What are the future value and the interest earned if $4000 is invested for 4 years at 8% compounded…

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Q: - Brad has a government bond that will be worth $10,588.13 in seven years. The bond has an interest…

A:

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: You decide to quit using your credit card and want to pay off the balance of $2,200 in 2 years. Your…

A: This is compound interest problem

Q: What is the future value of an account if $10,000 is invested at a rate of 3% compounded monthly for…

A: P=initial amount= 10,000 r=interest rate=3%=0.03 n=number of times compounded in a year= 12 t=number…

Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: Grandparents plan to open an account on their grandchild's birthday and contribute each month until…

A:

Q: Find the future value of a $20, 000 annual income stream if it is invested immediately as it is…

A:

Q: What are the future value and the interest earned if $3600 is invested for 7 years at 8% compounded…

A: Amount invested, P=$3600 time of investment, t= 7 years rate of interest, r= 8%=0.08

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: We have to solve

Q: Find the future value of an ordinary annuity of $90 paid quarterly for 3 years, if the interest rate…

A:

Q: A house is rented for $3000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given P=$3000 r=8% compounded quaterly. The objective is to find the future value of the rent for…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A:

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

A:

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

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Q: An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.…

A: From the given data

Q: 3.What is the future value of $4000 earning 18% interest, compounded monthly, for 6 years? (Round…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: FV = P(1+TR)

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: What are the future value and the interest earned if $4000 is invested for 7 years at 8% compounded…

A:

Q: What is the future value of $2000 earning 12% interest, compounded monthly, for 8 years? (Round your…

A: We need to find the future value given that present value P = $2000, rate of interest r = 12% =…

Q: A couple deposits $25,000 into an account earning 5 % annual interest for 20 years. Calculate the…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Future Value: The future  value formula is given by FV=P1+rt where P is the principle, r is the…

Q: Given Problem: A woman has deposited Php 60,000 in a savings account. Bank pays an interest at a…

A:

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Here we have to find the future value by compound interest.

Q: Find the future value, using the future value formula and a calculator for $855 at 4.3%. Round your…

A:

Q: A house is rented for $7,400 per quarter, with each quarter's rent payable in advance. If money is…

A: Rent per quarter is $7400. So rent for 1 year without any interest will be 4×7400 = $29600. Now we…

Q: What are the future value and the interest earned if $4000 is invested for 6 years at 8% compounded…

A:

Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: what is the future value of $4000 earning 18% interest, compounded monthly, for 8 years? round your…

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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 formula for computing future value using compound interest to determine the value of an…

A: Monthly interest rate and future value will be calculated using the formula,

Q: A couple deposits $15,000 into an account earning 5% annual interest for 20 years. Calculate the…

A: Principal amount =$15,000 Annual rate of interest= 5 % = 0.05 Time of investment = 20 years This…

Q: Find the Future Value if you invest $835 at 3 1/2 % compounded semiannually for 6 years.

A: From the given data Principal value(PV)=$ 835 Interest =r= 7/2 %= 3.5%=0.035 Compounded semi…

Q: What is the future value of $115,000 invested for 5 years at 8% compounded monthly? Answer the…

A: The given data is: Present value PV=$115000Time t=5 yearsRate r=8%  To find the future value.

Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: What are the future value and the interest earned if $4000 is invested for 3 years at 8% compounded…

A:

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Given , years if a principal amount of ​$19,000 is deposited in an account at an annual interest…

Q: Grandparents plan to open an account on their grandchild's birthday and contribute each month until…

A:

Q: What are the future value and the interest earned if $3000 is invested for 6 years at 8% compounded…

A:

Q: A house is rented for $4000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given house is rented for $4000 i.e. d=$4000 Interest rate r=3%=0.03  Number of compounding periods…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A:

Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

A:

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A:

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: Find the future value if $6000 is invested for 10 years at 7% compounded annually. (Round your…

A: The invested amount is $6000 for 10 years at 7% compounded annually.

Q: What is the future value of $4000 earning 12% interest, compounded monthly, for 8 years? (Round your…

A: Given that $4000 earning 12% interest, compounded monthly, for 8 years.

Q: A couple deposits $20,000 into an account earning 3.5% annual interest for 15 years. Calculate the…

A: