How long in years will a certain sum of money to triples its amount when deposited at a rate of 5% compounded monthly? Choices: - 24.02 yrs - 23.02 yrs - 21.02 yrs - 22.02 yrs with full solutions pls thanks

Q: You make a payment of of $ 24 with Apr of 5.2 % After 90 years what will you have in the account…

A: given, pmt = $24 apr = 5.2% y=90 n =12

Q: How much should be invested now (to the nearest $) to receive $24,000 per annum in perpetuity if the…

A: We have the following information: Annuity: $24,000 Rate of Interest: 5%

Q: A lender is promised a $100 payment (including interest) one year from today. If the lender has an…

A: A lender is promised $ 100 payment including interest one year from today. Simply stating, A lender…

Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment R,…

A: The quarterly payment is $750. The annual rate of return is 5.1%. The maturity is five years.…

Q: A book offers 0.35 anual simple interast rate for a particular depost How much interest will be…

A: Given,Interest rate = 0.35% or 0.0035Principal value = 2,000,000 pesosNumber of years = 5

Q: What amount would you have if you deposited $2,500 a year for 25 years at 8 percent (compounded…

A: The question is based on the concept of Annuity in Financial Management. Annuity refers to the…

Q: Waiting for Answer

A: Step 1: Given Value for Calculation  Future Value = fv = $100Time = t = 1 YearsOpportunity Cost = c…

Q: How much more is a perpetuity of $1,000 worth than an annuity of the same amount for 25 years?…

A: A perpetuity is a type of annuity. It is that annuity that goes on forever.

Q: Calculate the Future Value of 5,000 SAR made at the end of each year for 25 years, with an interest…

A: Future value of the amount is the amount that is being deposited and amount of interest accumulated…

Q: What is the future value of $700 deposited for one year earning 4 percent interest rate annually?…

A: Future Value = PV × ( 1 + r )n where, PV = Present Value = $700 r = Interest Rate = 4% n = time…

Q: QUESTION ( if $25,000 is borrowed with an interest of 8.0% compounded annually, what is the total…

A: Compound interest is the interest calculated on both the initial principal and the accumulated…

Q: What's the present value of a perpetuity

A: Perpetuity means a series of equal infinite cashflows, that occur at end of each period with…

Q: Please break down step by step how the circled figure was calculated. How did they get 6.41766?…

A: It refers to the current worth or value of a sum of money to be received or paid in the future,…

Q: None

A: Option c: This option is correct. Step 1:We have to calculate the present value of the amount to be…

Q: Jasmine deposits 1000 into a savings account paying nominal interest rate of 6 percent compounded…

A: Here,Deposit Amount (PMT) is $1,000Nominal Interest Rate (r) is 6%Time Period (n) is 20…

Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…

A: PMT = 58 Period = 13 years  Nominal rate of interest = 7.23% Additional amount = 1000

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.