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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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:…