Q: Find the compound amount and the amount of interest earned by the following deposit. $4,000 at 7.87%…
A: An interest is referred as an amount from the borrower or the deposit taking banks or the financial…
Q: Find the compound amount and the amount of interest earned by the following deposit. $5,000 at 7.59%…
A: Compound interest and continuous compounding:Compound interest refers to the interest earned on any…
Q: Calculate the amount of simple interest earned. $1,000 at 4% for 6 years LA
A: Simple interest is a way of calculating the interest charge on a loan or investment where the…
Q: Find the final amount of money in an account if $3,900$3,900 is deposited at 7.5%7.5% interest…
A: Calculations are done in excel, so there is no intermediate rounding. (1+i) = (1+i(2)2))^2(1+i) =…
Q: Calculate the amount of simple interest earned. $1,000 at 4% for 7 years
A: A method of computing interest amounts in which the compounding effect was not considered by the…
Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
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: Find the final amount of money in an account if $700 is deposited at 6.5% interest compounded…
A: The future value is the future worth of the amount that will be paid or received in the future.
Q: Calculate the amount of simple interest earned.
A: Given that,
Q: 1.Calculate the compound amount when $4000 is deposited in an account earning 6% interest,…
A: The Future Value of the annuity is the Future worth of a cash flow series at a certain rate of…
Q: Find the final amount of money in an account if $1,400 is deposited at 2% interest compounded weekly…
A: The concept of the time value of money states that money if invested earns interest and if left idle…
Q: Find the amount of interest on a loan of $4,000 at 12 % interest, for 8 years. 2
A: Calculation of amount of interest: Answer: Simple interest is $4,000 Compound interest is $6,263.14
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: ind the future values and the int arned for the following annuities very 2 months for 1 year, 8 mont…
A: Future values of annuities include the amount deposited and the interest being accumulated over the…
Q: Consider a $1,800 deposit earning 10 percent interest per year for 7 years. How much total interest…
A: Interest on interest is that under which is earned by the investor on his interest earned amount…
Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…
A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…
Q: Payments of $1000 each are made at the end of every year for 6 years to a savings account. Calculate…
A: Future value is an estimate of future cash flows that may be received at a future date, discounted…
Q: Find the final amount of money in an account if $7,400 is deposited at 7.5% interest compounded…
A: The interest rate compounds semi-annually. Hence, the interest rate that should be considered is…
Q: Find the balance of the account earning compound interest annually $7000 at 2% for 4 years. S7000 at…
A: Solution:- Future amount means the amount after the effect of compounding after specified years.…
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: Suppose that $17,000$17,000 is deposited for six years at 4%4% APR. Calculate the interest earned…
A: Compound = monthly = 12 Present value = pv = $17,000 Time = t = 6 * 12 = 72 months Interest Rate = r…
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 deposit $300 in an account earning 8% coumpound interest for 3 years. Find the future value and…
A: Following information are given: Amount deposit = $300 Rate = 8% Time = 3 years 1. For annual…
Q: Determine the interest earned after 8 years if $3000 is invested in each of the following accounts.…
A: A). Daily interest rate = Annual rateFrequency of compounding in a year =0.0529365= 0.0001449315…
Q: Calculate the future value (in dollars) of $1,150 deposited into an account earning an annual simple…
A: Deposit = $1,150Interest rate = 6%Number of years = 3To find: The future value of the deposit after…
Q: A deposit of $3,000 is made in a savings account that pays 7.5% interest compounded annually. How…
A: Compound Interest is calculated by multiplying the initial principal amount by one plus the annual…
Q: Find the present value of a $400 payment received each six months for 3 years. Interest is 4%,…
A: In the given question we require to calculate the present value of payments received each six months…
Q: Find the future value and the interest earned for each of the following compounding frequencies.
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
Q: What is the amount of interest earned on $2,000 for five years at 10% simple interest per year?
A: Simple Interest: It is one of the easiest method to compute the interest on a loan. Simple interest…
Q: Find the final amount of money in an account if $4,900 is deposited at 4.5% interest compounded…
A: Compounding is a technique through which FV of present amount is computed by using appropriate rate…
Q: e simple interest where principal amount is Rs. 10,000; interest rate is 9% for three ye
A: Simple interest is interest computed on principal amount only not on interest accrued or accumulated…
Q: Compare the interest earned by $10,000 for five years at 10% simple interest with that earned by the…
A: When an accrued amount is calculated, which includes principal plus interest, it is known as simple…
Calculate the amount of simple interest earned.
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- Find the final amount of money in an account if $7,400 is deposited at 7.5% interest compounded semi-annually and the money is left for 6 years.Calculate simple interest where principal amount is Rs. 10,000; interest rate is 9% for three years.Find the simple interest on a $1700 investment made for 2 years at an interest rate of 6 % / year What is the accumulated amount ?
- What is the amount of interest earned on$2,000 for five years at 10% simple interest per year?1.Calculate the compound amount when $4000 is deposited in an account earning 6% interest, compounded monthly, for 2 years.You deposit $400 in an account earning 8% coumpound interest for 2 years. Find the future value and the interest earned for each of the following compounding frequencies.
- Find the final amount of money in an account if $700 is deposited at 6.5% interest compounded annually and the money is left for 5 years.Find the amount of interest on a loan of $4,000 at 12 % interest, for 8 years. 2Determine the interest earned after 10 years if $200 is invested in each of the following accounts: a) an account earning 5.4% interest compound monthly