2. You invested $39,000 in Yug Industries at an annual interest rate of 5% compounded continuously. Find the amount received after a six- year investment. Don't forget to show your work. Round your answer to the nearest cent.

Q: 1. Solve each problem involving a single payment investment that earns compound interest. a) $8 000…

A: Time Value :— According to this concept, there is difference in value of money invested today and…

Q: The desired accumulated amount is ​$70,000 after 11 years invested in an account with 7.4​% interest…

A: We will use the concept of time value of money here. As per this concept the worth of money changes…

Q: You invest $2500 in an account to save for college. Account 1 pays 6% annual interest compounded…

A: The concept of time value of money will be used in this case. We will first of all have to find the…

Q: You invested $100,000 into an account 25 years ago. The investment is now worth $350,000. Calculate…

A: The interest rate on the amount invested today after certain years will be found by using the…

Q: 4. If $2,000 is invested in an account that earns 8.5% interest compounded annually for 5 years,…

A: Interest refers to the cost of borrowing funds or money from other parties. Interest usually is of…

Q: CA person wants to have (5000 CU) pay for his education at the end of each year for (6 years). It…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: uppose an individual makes an initial investment of $1,200 in an account that earns 6%, compounded…

A: We will apply the concept of time value of money here. As per the concept of time value of money the…

Q: Suppose that $80,000 is invested at 7% interest. Find the amount money in the account after 5 years…

A: The given problem can be solved using FV function in excel. FV function computes amount value in…

Q: You invest $15,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Principal amount invested now will become certain amount after certain period of time at specific…

Q: 2. Using a scientific calculator, find the monthly payment that must be made for 3 years to attain…

A: Time, value of money refers to the concept that describes the money present today is more valuable…

Q: If you deposit RM15,000 in an account earning 12%, how much would you have in the amount after 15…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: Assume you placed RM25,000 in a savings account that pays an annual compound interest of 8% for 3…

A: Solution: With the Time value of money concept (Future value) we will be calculating amount of money…

Q: You invested $250 at the end of every month for 10 years at 7.5% interest compounded monthly. Use…

A: An annuity is a series of equal periodic payments made or received over a specified period of time.…

Q: If $1000 is invested for ten years at an annual rate of 7.3% compounded monthly.…

A: given information  present value = $1000 time period = 10 years interest rate = 7.3% annum

Q: You invest $17,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Compound Interest- It is interest which is earned on the principal amount invested and interest…

Q: Today, Thomas deposited $130,000 in a three-year, 12% investment account that compounds quarterly.…

A: Future value refers to the estimated monetary worth of an investment or asset at a specified point…

Q: Problem 1. How much should you invest at 6% annual interest rate to obtain a simple interest of…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: An investor makes 10 consecutive annual deposits of S.R. 1,500,000 in a saving account that pays…

A: Future Value (FV) is a financial concept that represents the projected worth of a sum of money at a…

Q: 1.How much must you deposit in an account today so that you have a balance of $21,829 at the end of…

A: The present value represents the current value of the expected cash flow streCam discounted over the…

Q: An investor pays $245,000 for a mine that will produce level annual revenue for 18 years. What…

A: Level annual revenue is the term used to describe an amount of income that is consistently created…

Q: (a) Bill made deposits of $200 at the beginning of each month into a savings account for 12 years…

A: In compound interest, the interest earned is reinvested because of which we earn even more interest…

Q: If you invest $4,000 at the end of every year for nine years at an interest rate of 6%, the balance…

A: Future value in case of continues payments  = Each installment × (1+pir) ^n/pir Where  pir =…

Q: Find the accumulated value of an investment of $32,000 for 7 years at an interest rate of 4.2% if…

A: Value of investment = 32,000 Interest rate = 4.2% Time period = 7 years The value is compounded…

Q: Q) $15,000 is invested in an account at time 0. At the end of 4 years, Invested into the same…

A: Future Value Future value (FV) is the value of a current asset at a future date based on an assumed…

Q: You invest $50,000 for three years that will earn 3.6 percent compounded continuously. What will be…

A: Given Information: Amount invested=$50,000 Interest Rate=3.6% compounded continuously Time(in…

Q: You plan to invest your saving of $15 000 in the next 12 years with two phases: in the first 7 years…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: Cullumber Enterprises earns 11% on an investment that pays back $92,000 at the end of each of the…

A: To calculate the amount that Cullumber Enterprises invested, we can use the present value formula…

Q: 1. A man invests $4000 for 5 years at 4.2% compounded monthly. A. How much will be in the account at…

A: Amount of investment = $4000 Interest Rate =4.2% per annum Interest Rate monthly (r) = 4.2%/12 =…

Q: If you contribute $1000.00 into an RRSP every six months for fifteen years and interest on the…

A: GIVEN, pmt =$1000 NPER = 15 X 2 =30 RATE = 8%2=4% PV=0

Q: Brian opened an RRSP account and deposited $3,300 into it. He then deposited $800 at the end of the…

A:

Q: . If you were to deposit $399.27 into an account today that pays 8% interest annually, with a…

A: Present Value = pv = $399.27Interest Rate = rate = 8%Payment = pmt = $100Time = nper = 5 Years

Q: An amount of $16,250 is invested at 13% simple interest for 275 days. a.) What are the exact and…

A: Lets understand the basics. Interest is needs to earn on a amount invested at particular rate for…

Q: Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A:

Q: Select the best answer for the question. 20. You want to invest money for three years in an account…

A: The objective of this question is to find out the present value of an investment that will grow to…