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: The desired accumulated amount is ​$70,000 after 11 years invested in an account with 7.4​% interest…

A: We will use the concept of time value of money here. As per this concept the worth of money changes…

Q: You have $100,000 to invest today. At 5 percent per year, what sum can you withdraw at the end of…

A: Solution 1: True, Intermediate goals have a time frame of two to seven years.

Q: You invest $2500 in an account to save for college. Account 1 pays 6% annual interest compounded…

A: The concept of time value of money will be used in this case. We will first of all have to find the…

Q: If an investment of $5,000 is made in an account returning 2% p.a. then how long will it take for…

A: Using excel NPER function

Q: Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

A: Given, FV of investment is $1000 Time is 3 years rate is 4% depreciating each year

Q: Find the simple interest on a $2000 investment made for 5 years at an interest rate of 8% / year.…

A: Simple interest refers to the method of calculating interest earned on an investment where for each…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value…

A: Individuals and corporations may have excess cash or money left with them in a particular financial…

Q: What are the future value and the interest earned if $3800 is invested for 7 years at 8% compounded…

A: Step 1 Future Value The value of an asset at a future date is its future value. It is the present…

Q: How much money should be deposited each year for 12 years if you wish to withdraw $309 each year for…

A: Working note:

Q: If you invest $1700 in an account paying 7% compounded continuously, how much money will be in the…

A: Amount Invested = $1700 Interest Rate = 7% Interest Rate per week(r) = 7%/52 Number of weeks (n)= 65…

Q: You invested $250 at the end of every month for 10 years at 7.5% interest compounded monthly. Use…

A: An annuity is a series of equal periodic payments made or received over a specified period of time.…

Q: Use up to 6 decimal places during solving for the answer. Write all numerical final answers round…

A: Data given: Amount=32,195 ROR= 0.13 (compounded semi-annually) N=3 years   Working Note #1 ROR…

Q: How much interest will be earned if $5,000.00 is invested for 3 years at 10% compounded semi-annual?…

A: Future value is computed by following formula-FV = A × (1+r)nwhere,FV = Future value A = Amount…

Q: you invest $10,000 in an account that earns an APR of 5% with monthly compounding, what will be the…

A: More is the compounding than more will be effective interest rate and more interest will collect…

Q: Columbia Corporation deposited $2,000 in an account that pays 12% interest annually. If the interest…

A: Continuous compounding of an amount of $2,000 at an interest rate of 12% and for a period of 20…

Q: If you were to make a deposit of $5,000 today in an investment account expected to pay 5% pa.…

A: The question is related to Time Value of money.When interest is calculated on total of previously…

Q: SOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step,…

A: In this we have to calculate the future value of sum.

Q: a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal…

A: Periodic deposits Deposits that investors place on a regular basis to achieve their financial goals…

Q: Calculate the future value for the following investment’s Initial investment of $6,000, maturity 5…

A: Future value = present value * (1+ rate)^no. of period

Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Present value is the value of an asset in today’s time. It the value which is worth today. It helps…

Q: a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal…

A: Future value is the value that an investment will have in the future after earning a certain rate of…

Q: An award is being established, and it will pay $11,000 every two years, with the first installment…

A: Perpetuity is a concept in finance where the cash flows would be forever & has no end. This…

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 put $200 per month in an investment plan that pays an APR of 2.5% How many will you have after…

A: An annuity is a type of financial contract intended to give someone a steady stream of income…

Q: Showing how to use a scientific calculator find the monthly payment that will yield the given…

A: The future value is calculated by putting present value for a certain period of time time on an…

Q: please answer with details on how to do it. Thank you. If a one-time amount of $10,000 is invested…

A: Future amount in case of compounding can be calculated as: = Principal * ( 1 + rate) ^ number of…