Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.) $6,000 at 5% daily interest; deposit $4,500

Q: an electrical engineer desires to set up fund by making uniform monthly end of period deposits for a…

A: first calculate the value at the end of the decade FV = 0, N = 3, PMT = 250,000, rate = (1+6%/12)12…

Q: The second question: What is the amount that the contractor must deposit every year in her savings…

A: Future value is the estimation that with the given present value, how must an investment could…

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: If I invest P10,387 today and expect a reimbursement every 6 months with a rate of 11.54% compounded…

A: Total Investment = P10,387 Interest Rate = 11.54% Compounded Semi-Annually = 2 Total no. of years =…

Q: You are wishing to accumulate $8,000 for an expedition in 5 years’ time. To do this, you will make…

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

Q: machine selling for $10000 may be purchase by paying a $1000 deposit and the balance in equal…

A: in this problem we have to calculate present value FACTOR and from that we can get monthly payments.

Q: In 3 years you are planning a round-the-world trip which will cost $70,000. What amount would you…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: How many year and how many days

A: The formula for calculation of future value is as under FV = P (1+ RT) P= Principal R = Rate of…

Q: If 39600 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: Given: PV (Present Value ) =$39600Interest rate(i) =9% per yearNo. of years (n) =5 Abbreviation:FV…

Q: How much money should be deposited each year for 12 years if you wish to withdraw Php 15,450 each…

A: Here, To Find: Deposits made each year (PMT) =?

Q: You are going to deposit $4100 in an account that pays 0.47 percent interest month. How much will…

A: Future value is the estimated value of a current asset through a discount rate for a future date.…

Q: Please answer with details on how to do it. Thank you.  A company borrows $ 100,000 today at 6 %…

A: Annuities seem to be interest-bearing financial products that offer a steady steady flow of income…

Q: You have a financial goal of $140,000. The rate is 3% compounded annually. The time is 16 years.…

A: Formula to calculate annual periodic deposit Annuity=FV *r[(1+r)n-1] Where, FV = Future value r =…

Q: How long will it take to save $2581.00 by making deposits of $227.00 at the end of every month into…

A: Amount to be saved is $2581.00 Interest rate is 7% compounded monthly Monthly deposit $227 To Find:…

Q: How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6…

A: Compound = 6 months = Semiannually = 2Interest Rate = r = 8.4 / 2 = 4.2%Payment = p = $1500Time = t…

Q: If you invest $1000 (the principal) at a 6% annual rate for three year, how much interest you are…

A: The Effective Annual Interest Rate (EAR), also known as the Annual Equivalent Rate (AER), is a…

Q: Please help me , Fast solution please.

A: The objective of this question is to calculate the total interest earned on an account where $605 is…

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: deposit $1,000 in an account that earns an APR of 5% compounded once per year a) How long will it…

A: Future value of the amount includes the amount of deposit done and amount of compounded interest…

Q: You need to have $25,856 available at the end of 9 years. How much to do you have invest each year,…

A: The concept of time value of money will be used here. Money deposited today grows in future as it…

Q: Given the following, find the WACC assuming the tax rate is 30%. Debt: 3,500 bonds outstanding with…

A: The weighted average cost of capital (WACC) is the expected rate of return that is expected from a…

Q: You have decided to set aside a fixed amount every quarter in order to have $12,000 available for a…

A: The amount to be deposited every quarter can be calculated with the help of future value of annuity…

Q: How long will it take an investment to grow from $1,000 to $1,500 if it earns 7.2% compounded…

A: Given: Present value = $1,000 Future value = $1,500 Interest rate = 7.2%

Q: You plan to invest your saving of $15 000 in the next 12 years with two phases: in the first 7 years…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: If $20,000.00 is invested in an account for 15 years. Find the value of the investment at the end of…

A: Amount Invested = $20,000.00 Years = 15 years For Simple Interest Rate = 8% per annum For Compound…

Q: firm has decided to make an investment, an ordinary annuity of $10,000 per year for fifteen years.…

A: Future value FACTOR ANNUITY =(1+r)n - 1/r r=interest rate =4% Period =15 years

Q: Find the amount of money needed to be invested for an interest rate of 2% compounded semi-annually…

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

Q: $255,000 is borrowed to purchase a block of land. It is to be repaid with monthly repayments at…

A: Present value of the annuity An annuity is a series of equal payments at an equal intervals over a…

Q: You are saving for a new boat. You place $25,000 in an investment account today that earns 6%…

A: Lets understand the basics.For determining compounded amount for amount invested after some period…

Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: money is in your account after 16 months?

A: Given: Investment amount = $3000 APR =  3% compounded monthly Since, Interest is compounded monthly,…