Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A= 2000.00 r=13.0% t=39 ROUND TO NEAREST CENT

Q: The present value that must be invested is ​$ ​(Round up to the nearest cent as​ needed.)

A: Given information, Amount (A) = $11,000Simple interest rate (r) = 9.5% or 0.095Time (t) = 7 years…

Q: Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20…

A: Given that The deposit amount P=$ 16000Interest rate r=2.5%=2.5100=0.025      Time t=1  year…

Q: The principal represent it an amount of money deposit in a savings account, subject, and compound…

A: Given Principal  amount P=$30000Interest Rate  r =5.0%=5100=0.05Compounded daily , n=365 Time t = 20…

Q: Find the effective interest rate. Round to two decimal places when needed. Rate: 13% Compounded:…

A:

Q: Determine the present value P you must invest to have the future value A at simple interest rate r…

A: If $P is invested for t years with simple rate of interest r% annually then total interest after t…

Q: An investor is setting up a fund which requires 11 years of contributions. The investor pays £200…

A:

Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

A:

Q: Determine the present value P you must invest to have the future value A at simple interest rate r…

A: Explanation of the answer is as follows

Q: 10. Saving for Down Payment: Assuming you can afford the home, you want to get serious about saving…

A:

Q: Find the annual nominal rate for the effective rate given below.Effective rate = 5.422%. Annual rate…

A: We have to find the annual nominal rate for the effective rate given.

Q: Consider the following nominal annual interest rate. 5% compounded quarterly = Determine the…

A: rnom or nominal rate of return=5%m =4 reff =0.0509  (Rounded to four decimals)Effective annual…

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

A: Sol:- FV = $1000r = -7%t = 8 years

Q: A contractor takes out a loan for $350,000 for a duration of 4 months. The nominal interest rate is…

A:

Q: Gabriel is converting an RRSP balance of $400,000 into a RRIF. Gabriel wants to receive $2,140 at…

A: The formula to calculate the required nominal annual interest rate for a fixed payment annuity is:…

Q: Find the effective rate when the stated rate is 3% and the interest is compounded semiannually. O…

A:

Q: Find the effective yield of an investment that earns 3.9% compounded weekly. 0.91 round to the…

A: To find An effective yield of an investment that earns 3.9% compounded weekly

Q: An amount of P dollars is borrowed for the given length of time with the amount F due at the end of…

A: Final amount = $5596 , initial amount = $4000 So interest = $(5596-4000)=$1596

Q: Compute the specified quantity. A 7 year bond costs $1,000 and will pay a total of $100 interest…

A: To determine the annual interest rate r for a 7 year bond costs $1000 and will pay a total of $100…

Q: If a bank pays 5% compound quarterly on its passbook savings account and calculate the effective…

A: Use simple interest and compund interest formula.