Hi expert provide correct answer Compute the future value in year 8 of a $5,000deposit in year 1, and another $4,500 deposit atthe end of year 3 using a 10 percent interest rate.

To calculate the future value (FV) of deposits with compounding interest, we use the…

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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Compute the present value of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 4 using an 8 percent interest rate.
Find the future value in year 7 of a $2000 deposit in year 1 and another $2500 deposit at the end of year 4 using 8% interest year.
On January 1, 2021, you deposited $6,100 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 4 years? (Future Value of $1,Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. 2. What is the total interest for the 4 years? (Future Value of $1,Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. 3. How much interest revenue did the fund earn in 2021 and in 2022?
Determine a series that represents the present value of a perpetuity of $1,000 at an annual interest rate of 6%.
On January 1, 2021, you deposited $5,500 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 9 years? (Future Value of $1.Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided.
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Find the future value of an annuity due with an annual payment of $13,000 for three years at 4% annual interest using the simple interest formula. How much was invested? How much interest was earned?
Find the future value of an ordinary annuity of $900 paid at the end of each year for 2 years, if interest is earned at a rate of 4%, compounded annual.The future value is $ (Round to 2 decimal places.)
What annual deposit is necessary to have $15,000 in 7 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type. amortization sinking fund ordinary annuity present value of an annuity present value (b) Answer the question. (Round your answer to the nearest cent.) $
Find the future value of an ordinary annuity of $700 paid at the end of each year for 4 years, if interest is earned at a rate of 6%, compounded annual. The future value is $ (Round to 2 decimal places.)
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Compute the future value in year 8 of a $5,000 deposit in year 1, and another $4,500 deposit at the end of year 3 using a 10 percent interest rate.