A sum of $ 2,000 is spent today, $ 500 is spent at the end of each year for 6 years, $ 800 is also spent at the beginning of year 3 and 5. What is the Amount after 6 years, if the interest is 6% ?

Q: If $1, 200 grows to $1, 781 in 7 years, determine the interest rate over that period.

A: In the given question we require to calculate the interest rate which grows $1200 into $1781 in 7…

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: 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: A certain amount earns simple interest of $1,750 after 7 years. Had the interest been 2% more, how…

A:

Q: from this account and put into another account earning 2% effective annual interest. Find the…

A: When some amount is deposited by a person into the bank account regularly, bank provide interest on…

Q: How much money will there be in an account at the end of 9 years if $14000 is deposited at 7%…

A: Interest: Interest is the amount of interest paid on the issue price of the notes by the issuer at…

Q: You are making $5,000 monthly deposits into a fund that pays interest at rate of 6% compounded…

A: We need to use the concept of time value of money (TVM) to solve the question. According to TVM, the…

Q: Beginning 2 years from today, you deposit $1,500 per year for 18 years (18 deposits); for the…

A: Present value of 18 deposits at the end of Year 1 would present value annuity of $1500 for 18 years…

Q: A sum of P1,000 is invested now and left for eight years at which time the principal is withdrawn.…

A: We will use the concept of time value of money here. The concept says that money earns interest and…

Q: A sum of P10,000 was invested now and left for 6 years, at which this time the principal is…

A: Invested amount (P) = P 10,000 Interest rate (R) = 15.8% Period till first withdrawal (N1) = 6 Years…

Q: $10, 000 is deposited into an account earning 3% effective annual interest. At the end of each year,…

A: Interest is compensation to funds bearer for time factor of money. Effective Interest or EAR shows…

Q: 4. A person invests $500 in a CD that yields 4% compounded semi- annually. a) What is the total…

A: Solution a: Semiannual interest rate = 4%/2= 2% Nos of semiannual periods = 5*2 =10 Accumulated…

Q: What amount would you have if you deposited $2,100 a year for 40 years at 9 percent (compounded…

A: Annuity refers to the series of equal payments or receipts made at regular intervals for a…

Q: Find the simple interest on a $1700 investment made for 2 years at an interest rate of 6% / year…

A: Simple interest is a simple method of calculating interest on principal for a specified period of…

Q: If a person deposits $3,000 at 6% per year simple interest, what compound interest rate would yield…

A:

Q: Suppose that ​$290,000.00 is owed on a house. The monthly payment for principal and interest at 8.0%…

A: The amount paid by the borrower on the amount owed is regarded as interest rate.

Q: If $1,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: The conceptual formula used:

Q: 8. Determine the amount that would have to be invested to provide 200 dollars interest at the end of…

A: Simple interest is the  quick and the straightforward way to calculate the interest on the loan.…

Q: what is the balance in an account at the end of 10 years if 5,000 is deposited today at the account…

A: The  following formula is to be used in order to find out the balance in  account A =P[1+r/n]nt…

Q: If the interest is deposited into a non interest bearing account B, what is the balance in account B…

A: The first investment is effectively a payout annuity where the interest amount is withdrawn each…

Q: A sum of $1,000 is deposited at 8% interest, compounded annually for 5 years. What is the future…

A: In this question we require to compute the future value of investment from the details given.

Q: If 400,000 is deposited at the rate of 6% compounded annually at the beginning of each period for 6…

A: The Future value of annuity due is the total future value of each cash flow which is made at the…

Q: What will be the compound interest accrued on a sum of $3500 at the rate 8% in 2 years?

A: Given: Rate of interest (r)= 8% Time period = 2 years

Q: If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: You will be paid $898 in year 9. How much would that amount be worth in terms of dollars in year 3?…

A: The objective of the question is to find out the present value of $898 that will be received in year…

Q: Find the final amount of money in an account if $5,300 is deposited at 6.5% interest compound semi…

A: Initial deposit (I) = $5,300Semiannual interest rate (r) = 0.0325 (i.e. 0.065 / 2)Semiannual period…

Q: What is the future value of $7,200 deposited at the beginning of each year for 7 years earning 8%…

A: Calculation of Future Value:The future value is $69,383.72.Excel Spreadsheet:

Q: PLEASE SHOW ALL WORK  In how much time will the simple interest on $3,500 at the rate of 9% be the…

A: Simple interest is calculated by multiplying the rate of interest with the principal amount and time…

Q: At the start of this year, $10,000 was deposited into an account that earns an effective annual…

A: The FV of the payment series refers to the value of the cash flows at a fixed future date assuming…

Q: If you deposited $10,000 each year for 10 years and the interest rate is 5.00%, what is the value at…

A: INFORMATION: RATE 5% YEARS 10 PMT (MONTHLY DEPOSIT) 10000 PRESENT VALUE $0

Q: 4. An account earns 10% interest annually. $2,000 is deposited into that account today, at the end…

A: Future value is the future value of cash flow generated for the time period. This is can be…

Q: A company wants to accumulate $100,000 to purchase replacement machinery 8 years from now.To…

A: Annuity means no. of payment which is equal in size and made at equal interval of time. Person get…

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: At what rate must funds be continuously added to a savings account in order to accumulate $13,000 in…

A: Amount to accumulate = $13,000 Time period = 5 years Interest rate = 6%

Q: Use the formula for compound amount, not the table, to find the compound amount of interest earned…

A: Compound Interest Earned: Compound interest is computed by multiplying the original principal amount…

Q: You put 421 in the bank for 5 years at 9%. If intrest is added at the end of the year, how much…

A: Amount to Be received at end of 5th year = principal Deposit*(1+R)n Principal Deposit= 421 R=rate of…

Q: You are investing the following amounts at the end of each of the following three years.  How much…

A: Year 1 Amount (C1) = $2,000 Year 2 Amount (C2) = $4,000 Year 3 Amount (C3) = $6,000 r = Return i.e.…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.