How much will $7500 in savings today be worth 5 years from now if it earns 6%, compounded monthly? a. $11,465 b. $15.091 c. $7.955 d. $247,408 e. $7,686

Q: ould you have to deposit now to have

A: Present value would be equivalent value today required to be deposited today to receive that much…

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A: Using excel PV function

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A: The present value is used to estimate the current value of a future payment or cash flow. It entails…

Q: What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000…

A: given  interest rate = 6% PV = 11000

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A: The objective of this question is to calculate the present value of a future sum of money. In this…

Q: How much would $9,000 t8 be received at the end of 50 years be worth today if the required rate of…

A: Using excel, FV is 9,000 Rate = 7.5% Time (nper) = 50 years PMT = 0 PV = ?

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A: Compound interest is calculated by multiplying the original loan amount, or the principle, by one…

Q: What is the present value of $4000 to be received in 6 years, if the interest rate is 5% p.a.,…

A: The future value (FV) is $4,000. The interest rate is (RATE) is 5%. The maturity (NPER) is 6 years.…

Q: 16. Calculate the future value of $8,000 earning 9% interest, compounded quarterly, for 11 years.…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000…

A: Given, PV = 11000 Rate = 6%

Q: What amount of money will mature to $63,750 in 3 years and 8 months at the interest rate of 6.75%…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has…

A: The objective of the question is to find out the annual payment that one must receive to earn a 6.5%…

Q: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.…

A: Present value=Future value /  [ 1 + (Interest rate x Number of years)]

Q: You will receive $1,000 forever starting from the end of next year. The account pays  10% compounded…

A: The PV of an investment refers to the combined worth of the cash flows of the investment after they…

Q: How much would $40,000 due in 50 years be worth today if the discount rate were 6.7%?

A: The present value of $40,000 due in 50 years at a discount rate of 6.7% tells us how much that…

Q: How much would $1. growing at 6.8% per year, be worth after 75 years? Select the correct answer. O a…

A: We need to use future value formula below to calculate worth after 75 years.FV =PV(1+i)nWhereFV…

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A: To calculate the time period for a required future value with given periodic deposits at a given…

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

Q: If $35000 is put in a savings account paying interest of 5% compounded annually, what amount will be…

A: The future value of the invested amount is determined after compounded the interest accrued with the…

Q: You will receive $1,000 forever starting from the end of next year. The account pays 10% compounded…

A: Payment = p = $1000Interest Rate = r = 10%

Q: Assume you invest $19,000 today. How much will you have in six years at an interest rate of​ 9%?…

A: Formula to compute the Future value is as follows: FV=PV(1+r)n where, FV=Future valuePV =Present…

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Q: How much would $1, growing at 13.7% per year, be worth after 75 years? a. b. C. d. e. $18,248.03…

A: Future Value refers to the compounded value of a single cash flow received today or multiple cash…

Q: Find the present value of each future amount 6.3% 5)$15, 402 for 120 day si money earns 5:

A: As per the concept of time value of money the worth of money changes with passage of time. This is…

Q: What will $205,000 grow to be in 7 years if it is invested today in an account with an annual…

A: Investment amount (PV) = $205,000 Interest rate (r) = 12% Period (n) = 7 Years

Q: Assuming an interest rate of 10%, how much (rounded to nearest dollar) will need to be deposited in…

A: Annual deposit = Accumulated saving at the end of 8th year / Future value factor at 10%, 8 years

Q: What equal annual deposits must be made at t = 2, 3, 4, 5, and 6 in order to accumulate $25,000 at t…

A: Future value is the value of current cashflow compounded to the future date at specified rate.…