If Abraham Lincoln purchased property in Virginia in 1775 for 20 shillings. How much is the value of house in 1780 if the interest rate is 5%.
Q: If Charlie invests $50,000 in a cheese company today and is offered a 7% interest rate. How much…
A: The investment function shows the direct relationship between interest rate and investment. It means…
Q: With an interest rate of 7%, how much money can be lent now if $15,000 will be repaid at the end of…
A: Interest rate (r) = 7% or 0.07 Accumulated amount (A) = $15000 Time period (n) = 5
Q: A student has agreed to purchase a used vehicle for $10,000. He wishes to limit his monthly payment…
A: According to question Interest rate = 6%Per annum Monthly rate of interest (r) = 0.5% =0.005 Used…
Q: As part of your retirement planning, you purchase an annuity that pays 4 % annual interest…
A: Annuity- A regular payment may be a contract between you associate degreed a nondepository financial…
Q: The annual income from a rental house is $24,000. The annual expenses are $6000. If the house can be…
A: Present value: present value of a sum that is to be received or paid in the future, discounted at an…
Q: Find the present value at 10% interest of the series of payments below: End of year 1 2 3 Net Cash…
A: The present value is the current value of the future stream of income. The present value is affected…
Q: If you give $1000 as a deposit for rent and it accumulates at 4% simple interest, how much money in…
A: $1000 is as deposit or securities for rent and it earns 4% simple interest . As long as tenant pay…
Q: An investment company is going to place $300,000 into an annuity. Then, it is going to add $25,000 a…
A: An investment is the responsibility of money or capital to something with the expectation of profit…
Q: Find the present value amount that is equivalent to a uniform gradient series in wich the first…
A: In economics, present value refers to the current value of a future stream of cash flows. Future…
Q: You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How…
A: Monthly Mortage payments is M = $800The annual Interest Rate is 7% The monthly interest rate…
Q: annuity makes six annual payments of 1,300 with the first payment coming today. What is the future…
A: Given six payments = 1300 First payment today = 1300 Interest rate = 8 % Future worth = Where P is…
Q: $9000 is deposited into a savings account at the end of each year for 20 years. If the account pays=…
A: here we calculate how much value will the account have at the end of the 20 years period by…
Q: Jackie takes out a loan for $38,000 at an interest rate of 6% for a period of 5 years. Assuming she…
A: A loan is a sum of money that is borrowed from a lender with the expectation of being paid back,…
Q: homeowner planning a kitchen remodeling can afford a $700 monthly payment. How much can the…
A: Given, R = $700 Time = 5 years Rate (r) = 9%
Q: The cash flows have a present value of 0. Compute the value of n, assuming a 10% interest rate.
A: To solve this question, we will use the annuity formula: FV=A1+rn-1r Here, the FV is the future…
Q: You purchased a winning ticket for a $5 million lottery which pays $500,000 immediately and the rest…
A: Here in this question, To decide whether we have to go with the deal or not. We have to find the…
Q: How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3…
A: Compounding interest is a type of interest calculation where the interest earned on a principal…
Q: Find the future value and total interest of the annuity. (Round to the nearest cent as needed.)…
A: The measure that determines the value of the asset currently at a date in the future based on its…
Q: If $700 is invested at 11% simple interest, calculate its value after 8 years.
A: Below is the given values: Invested money = $700 Simple interest = 11% Time = 8 years
Q: Required information The Premier Car Title Loan Company makes emergency loans of up to $500 for one…
A: Nominal interest rate is the interest rate which is calculated without taking into account the…
Q: A wind turbine is to be installed. There will need to be maintenance costs every 3 years beginning…
A: To find the Present Value of recurring maintenance costs we take following steps : 1 .) We find the…
Q: The Insurance company proposes to buy the insurance policy for 5 years with annual income…
A: In the mentioned question, we had to calculate the average interest rate of income. With the help of…
Q: -An individual deposits $1,500 in a savings account that pays 3% interest annually. How much will…
A: Given information, Principal amount (P): $1,500 Interest rate (r): 3% annually Time period (t): 5…
Q: What is the present equivalent value
A: Given the weekly balance deposit is $ 359. Time period (t) given is 5 years. APR (rate of…
Q: Example 1: EOY NCF ($) 1 100 2 150 3 200 4 250 Calculate the present worth when interest rate is…
A: Following are the given information: Value of G = $50 Annuity, A= 100 Interest rate = 8%
Q: Suppose you put $1000 into a savings account for 5 years and were paid $10 every quarter. The…
A: Given : Principal amount (P) = $1000 Interest per quarter for 5 years = $10
Q: Suppose you have a vehicle, the 1st year maintenance cost is estimated to be $100. The rate of…
A: the value in the presence of a sum of money, in contrast to some future value it will have when it…
Q: Generate the future value graph of $100, $500, for 1%,2%,5%, 10% interest rate for 10 years. Please…
A: Future value (FV) is a financial concept that represents the estimated value of an investment,…
Q: ?Borrow $100 today at 4% interest. How much do you owe after 5 years
A: Principal = $100 Interest rate = 4%
Q: You want to be able to withdraw $25,000 from your account each year for 20 years after you retire.…
A: Annuity is a series of cash flows (generally equal in nature) made or received at equal intervals,…
Q: If you invest $ 500 on Lending Circle at a rate of 5% for 1.5 years, how much will you have earned?
A: FV = PV (1 + r / 100)^n FV = Future Value PV = Present Value = $500 r = Interest Rate = 5% n = Time…
Q: You are 65 years old and about to retire. You have $100,000 saved in a retirement account and would…
A: Period cash flows depict a series of flows of cash in which equal amounts tend to happen at periodic…
Q: Two $200 payments at the ends of the third and fourth years would be worth how much today? if there…
A: Present value is different from the future value because the present value is the amount that is…
Q: Derek borrows $294,333.00 to buy a house. He has a 30-year mortgage with a rate of 5.79%. After…
A: The term mortgage refers to a loan used to purchase or maintain a home, land, or other types of real…
Q: You want to buy a $13,000 car. The company is offering a 2% interest rate for 60 months (5 years).…
A: Loan amount of $13000 is the principal amount which is charged an interest rate of 2%. The number of…
Q: jerry bought a house for $400,000 and made an $80,000 down payment. the rest of the cost was paid…
A: Jerry purchased a house for $400,000 with an $80,000 down payment and financed the remaining cost…
Q: Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit…
A: Present value is the value of investment in today's dollar.Future value is the value of investment…
Q: If you save $1,000 today and the annuel interest rate is 6%, what will that money be worth in 40…
A: Given, P = $1000 i = 6% t = 40
Q: We know that a certain piece of equipment will cost $275,000 in 6 years. How much must be deposited…
A: Answer - Given in the question - Cost = $275,000 t =6 years interest rate = 8% Need to find -…
Q: Enrico Suarez has decided to purchase a house instead of renting an apartment. He can a ord a…
A: The mortgage is an agreement between a lender and the party taking loan.
Q: You are saving money to buy a car. If you save $290 per month starting one month from now at an…
A: Number of period = 5 × 12 = 60 Interest Rate = 0.06/12 = 0.005 or 0.5% Future Value = Annuity × [ (1…
If Abraham Lincoln purchased property in Virginia in 1775 for 20 shillings. How much is the value of house in 1780 if the interest rate is 5%.
Step by step
Solved in 2 steps