Compound Interest How long will it take $7,000.00 to become $11,750.00 at 8.25% compounded weekly? (Round your answer to two decimal places.) It will take years..

Q: Find the present value of the given future amount. $31,000 for 9 months at 8% simple interest What…

A: The Time Value of Money states that a dollar earned today is more valuable than any time in the…

Q: If you have $10,000 today, and save $12,000 per quarter year at the end of the quarter while earning…

A: In the given question we need to compute the number of quarters required to accumulate $100000 if we…

Q: Suppose that you now have $4,000. How much will you have after 10 years if you leave it invested at…

A: Future value (FV) refers to the value of an investment or an asset at a specified point in the…

Q: If you invest $48500 to earn 7% interest, which of the following compounding approaches would return…

A: Compounding in simple language means the interest on the previous interest. So if the compounding…

Q: An investment will pay you $96,000 in six years. Assume the appropriate discount rate is 7.5 percent…

A: Compound = Daily = 365 daysFuture Value = fv = $96,000Time = t = 6 * 365 = 2190 daysDiscount rate =…

Q: Suppose we put $15000 into an account earning 3% interest compounded continuously. How long will it…

A: NPER stands for number of years or periods which is needed to clear or to pay off the loan amount at…

Q: If $15,000 is invested at 3.5% for 20 years, find the future value if the interest is compounded the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: How many years (and months) will it take $2 million to grow to $4.00 million with an annual interest…

A: Years (and months) will it take $2 million to grow to $4.00 million with an annual interest rate of…

Q: What is the value today of a money machine that will pay $1,321.00 per year for 11.00 years? Assume…

A: The concept of time value of money will be used here. To compute the future value we compound the…

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: When we are investing into particular security, the value of it increases over the period of time.…

Q: With an interest rate of 8%, how long does it take for an investment of $10, 400 to grow to $20,…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: An investment will pay you $36,000 in 12 years. If the appropriate discount rate is 6.3 percent…

A: Present value is calculated using following equation Present value = Future value 1+r/mn×m Where, n…

Q: What is the future value (FV) of $20,000 in four years, assuming the interest rate is 4% per year? O…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: An investment will pay you $40,000 in 11 years. If the appropriate discount rate is 6.7 percent…

A: Present value is calculated by discounting the future cash flow using the appropriate discount rate.…

Q: What is the present value of $10,000 paid at the end of each of the next 68 years if the interest…

A: Present value of ordinary annuity may be calculated though following formula   Present Value =…

Q: Suppose a state lottery prize is to be paid in 25 payments of $240,000 each at the end of each of…

A: Given,  The payment is $240,000 Term of investment is 25 years

Q: How long will it take money to triple if it is invested at 7% compounded quarterly? 8.7% compounded…

A: Data given: Rate=7% compounded quarterly Rate=8.7% compounded continuously   Required: Time required…

Q: ن فن d. b. C. write al vestment as a ne, in years. Determine the value of the investment to the…

A: The concept of time value of money will be used and applied here. As per the concept of time value…

Q: long (in years) would $800 have to be invested at 11.6%, compounded continuously, to earn $300…

A: Interest is the return that is earned by an investor on investing a certain sum for a set duration…

Q: How many years will it take to save $100000 if you place $1900 per month in an account that earns 4%…

A: Time value of money refers to the concept that money available today is worth more than the same…

Q: How long would it take to double your money in an account paying 5% compounded quarterly? Ignoring…

A: FV  = A * (1+r) n where , FV = future value A = Amount invested r = interest rate n =time period.

Q: What is the future value if $15,000.00 is invested for 2 years at 10% compounded every 2 months? If…

A: Cash flow related future discounted, time value of money, or TVM, helps account for the consequences…

Q: Find the time required for an investment of 5000 dollars to grow to 7100 dollars at an interest rate…

A: Initial amount= P= 5000Final amount=A=7100Interest rate = 7.5%=0.075 Number of times compounded in a…

Q: What is the value today of a money machine that will pay $3,776.00 per year for 19.00 years? Assume…

A: The concept of time value of money will be used here. To compute the future value we compound the…

Q: At 8 percent interest rate per year (annual interest payment), how many years does it take to…

A: Answer: Calculation of the time it will take to quadruple the money: Formula, we will use here:…