A artist invest 4,596 at 5% compounded semiannually for two years. What is the future value of the investment and how much interest will they earn over the two year period?

Q: larger will the value of an RRSP

A: RRSP stands for Retirement saving plan refers to the financial plan which is used for saving and…

Q: Rhea has to pay a loan by making 12 bimonthly (at the end of every 2 months) payments of P15,000 to…

A: Price / Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv],…

Q: Vusa has invested $420000 in an annuity that pays interest at the rate of 3.6% per annum,…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Nina buys a piece of lot for P30,000 down payment and 8 deferred semi-annual payments of P 5,000…

A: Annuity: A contract between you and another party known as an annuity obligates the borrower to pay…

Q: An individual intends to invest $3,000 monthly for two years in a financial asset that pays the…

A: Here, Monthly investment = $3,000 Time period = 2 years Nominal Interest rate = 9% per year…

Q: At the beginning of each month, Francisco deposits $7,500 into an investment account. If the…

A: Part 2: Explanation:Step 1: Calculate the number of months in 3 years.3 years = 3 * 12 months = 36…

Q: Assume that your client invests $2,700 at the end of each of the next two years. The investments…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: Assume that a couple invests $4000 each year for 4 years in an investment that earns 8% compounded…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Use the formula FV = P(1 + R)N  Rigoberto invests $8,000, at 6% interest, compounded semiannually…

A: Interest The return an investor receives on an investment is called interest. More interest can be…

Q: An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A: When the payment is received at the beginning of a period it is called as annuity due. In the given…

Q: Mr. White takes a 15-year loan of $50000 to purchase an equipment for his factory. If the interest…

A: For calculation of monthly payment(PMT), we need to use the following formula PMT =PV*i/[1-1/(1+i)n]…

Q: Taylor deposited $600 at the end of every three months into an investment for the past 5 years. The…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Mr. Cee wishes to borrow $12,000 for three years. A group of individuals agrees to lend him this…

A: Amount borrowed (P) = $12000 Final amount to be paid (F) = $18000 n = 3 years Let r = Annual…

Q: John Doeber borrowed $125,000 to buy a house. His loan cost was 11% and he promised to repay the…

A: Step 1: Given data :Loan amount (P): $125,000Annual interest rate (r): 11%Amortization period (n):…

Q: Joyce pays P 2,000 every two months to settle his obligations for two years at 8% compounded…

A: Bimonthly payment (B) = P 2000 r = 8% compounded bimonthly = 8%/6 bimonthly = 1.3333% n = 2 years =…

Q: o-Fast invests $20,000 in a certificate of deposit that mature safter 7 years and pays 9 percent…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: An old man buys a piece of lot for 150,000 down payment and 12 deferred semi-annual payments of 8500…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: A client currently has $100,000 earmarked for retirement and expects a 7% annual return on the…

A: Current holding = PV = $100,000Annual return = rate = 7%Retirement age = 67Current age =…

Q: Brian invests $13,500, at 8% interest, compounded semiannually for 2 years. Manually calculate the…

A: Since, more than three sub parts are asked at a time. The answer for first three sub parts is only…

Q: Jones can deposit $5,000 at the end of each six-month period for the next 12 years and earn interest…

A: Future value of annuity is the future value of the same cash flows that takes place at the end of…

Q: Mariana places the initial amount of $1,000,000 in a CDT at a monthly compound interest of 5% for 3…

A: Future value (FV) is the amount that a present investment will increase in value over time when kept…

Q: I owe Php 50,000 which is due without interest at the end of 2 years. What should my creditor be…

A: As per the time value of money concept, individuals prefer to receive a sum of money at the earliest…

Q: a. Calculate the accumulated value of her investment after the first 8 years. Round to the nearest…

A: Information Provided: Semi-annual deposits = $1600 First 8 years interest rate = 4.30% Next 8 years…

Q: Robert Chilufya’s employer offers its workers a two-month paid sabbatical every seven years. Robert,…

A: We need to calculate the accumulated value of an annuity at the end of the given term. This is a…

Q: What is the compound amount after you invest P22,350 for 5 years and 6 months at 5% compounded…

A: To calculate the compound amount we will use the below formula   Compound amount = P*(1+r)n Where P…

Q: A vacation property was bought by making semi-annual payments of S7500.00 for seven years. If the…

A: In order to calculate the purchase price of the property, we will use the future value function in…

Q: A contractor is calculating the present worth of the salaries of his five employees over the next…

A: Present worth refers to the amount present today that is more valuable than the amount will…

Q: William got a loan for 25,000 dlls to be payable in 19 years with interest rate of 1.7 percent per…

A: Loan amount = 25000 dlls Period = 19 Years Annual interest rate = 1.7%

Q: In buying a farm worth P 300,000, the purchaser agrees to pay a down payment of P 80,000 and a…

A: Data given: Cost= P 300,000 Down payment= P 80,000 Second payment at the end of 2 years= P 60,000…

Q: If Marco invests $800 each year for 16 years at 9.5% interest, compounded quarterly, what is the…

A: Present Value of Ordinary Annuity refers to a concept which determines the value of cash flows at…

Q: An employee is entitled to a 10 yearly grant of 25,000 pesos each starting at the end of the…

A: The current value of grant provided to employee will be the present value of 10 year annuity of…

Q: How much larger will the value of an RRSP be at the end of 20 years if the contributor makes…

A: Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: In buying a farm worth P 1,500,000 cash, the purchaser pays P 500,000 cash and agrees to pay the…

A: Payments are the modes of the cash outflow; therefore, the person who pays the amount has to make it…

Q: William got a second loan for 78,000 dlls to be payable in 5 years with interest rate of 7.5 percent…

A: Loan amount (PV) = 78000 Period = 5 Years Number of monthly payments (N) = 5*12 = 60 Annual interest…

Q: Kat received two offers for investments. The first one is P150,000 every year for 5 years at 9%…

A: present value formula: present value = A×1-11+rmn×mrm where, A=annuity r=rate of interest n=number…

Q: adam made an investment of $33,000. The investment pays 7.75% p.a. compounded quarterly. He will be…

A: Amount of investment made is $33,000 Interest rate is 7.75% P.A. Compounded Quaterly   To Find:…