A perpetuity has continuous payments at a rate of 800 per year. Find the present value of this perpetuity using a nominal rate of interest of 6% compounded continuously. Round your answer to two decimal places, 13729 45 x

Q: ). How much will Katie need to save each month if she wants to put $55,000 down in cash on a hous In…

A: Formula for the annuity is  FV=R1+in-1i We are given FV=$55000n=2×12=24i=61200 (since 1 year = 12…

Q: Serenity invested $4,000 into an account that grew to $25,000 over a period of 23 years. Assuming…

A:

Q: Use graphical approximate techniques or any equation solver to approximate the desired interest…

A: Introduction: of money that an individual invests in one. Interest generated and future payments…

Q: A principal of $2000 is invested for two years at 10 percent compounded semi-annually. Complete the…

A: To find amount and interest

Q: A person needs ​$17,500  immediately as a down payment on a new home. Suppose that she can borrow…

A: A person needs ​$17,500 immediately as a down payment on a new home. Suppose that she can borrow…

Q: A bank pays interest at the rate of 6% per year, compounded monthly. If a person deposits $2500 in a…

A:

Q: account earn after 15 years

A: Tamila opened a money market account that has a 4.25% annual intrest rate compounded annually. She…

Q: encourage new members a bank offers a savings account of 2.4% interest mpounded monthly provided new…

A: We will determine the account value after 10 years.

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

A:

Q: A starting principal of $8000 continuously compounds for 9 years, resulting in an acquired amount of…

A:

Q: If the balance of an account (which earns interest monthly) is $65,238.17 at the beginning of the…

A: Given amount at the biginning of the current compound period is $64,238.17 Interest earned in…

Q: Ingrid deposit $7,000 into an account that earns 1.5 interest compounded quarterly how much money…

A:

Q: A copy Machine depreciates at the rate of 15% each year. If the original copy of the copy machine…

A: We know, Value after time t years = Initial value × 1+rate100t

Q: A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded…

A:

Q: Jason deposits $ 5000 into his savings account at the end of every 3 months for 4 years. For the…

A: Please see the attachment

Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

A:

Q: Find the amount of money that accumulates when a one-time lump-sum investment of P = $50, 000 is…

A:

Q: Jeff has 5 years to save enough money to pay certain debt in full. During that time, he deposits…

A: If the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount, P…

Q: A druggist borrows $3000 from a bank to stock her drugstore. The interest rate is 4% compounded…

A: A druggist borrows $3000 from a bank to stock her drugstore. The interest rate is 4% compounded…

Q: Find the periodic rate of interest if $5000 grows into $6580 in 6 years when interest is compounded…

A: We are given: Initial amount (P) = $5000 Accumulated amount (A) = $6580 Time (t) = 6 years. Number…

Q: Find the amount accumulated in an account where $85 is deposited monthly for 10 years at 2.5%…

A: To calculate the amount accumulated in the account, we can use the formula for compound interest:A =…