If an accumulation of $700 is desired at the end of 4 years, what amount must be deposited now now to accomplish that goal, assuming an 8% interest rate, compounded annually?
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- What is the future value of $118,000 invested for 5 years at 11% compounded monthly? (a) State the type. A. ordinary annuityB. present value C. amortizationD. sinking fundE. future value (b) Answer the question. (Round your answer to the nearest cent.)What's the answer?What is the future value of $650 deposited for one year earning an 10 percent interest rate annually? (Do not round intermediate calculations. Enter your answer as a whole number.)
- What are the future value and the interest earned if $3800 is invested for 7 years at 8% compounded quarterly? (Round your answers to the nearest cent.) Give typing answer with explanation and conclusionWhat is the future value of $775 deposited for one year earning an 8 percent interest rate annually? Note: Do not round intermediate calculations. Enter your answer as a whole number. Future valueIn each situation described below, identify the initial payment, the term interest rate, andthe number of compounding periods. An investment of $5000 at an APR of 3% compounded monthly, followed by anotherinvestment of $5000 made 2 years after the first. What is the value of the account after5 years?
- Complete the following using compound future value. Time 13 years, Principal $16,800, Rate 2%, Compounded annually. What is the amount? What is the interest?Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if a principal amount of $16,000 is deposited in an account at an annual interest rate of 6% and the interest is compounded monthly The amount after 7 years will be S (Round to the nearest cent as needed.)Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $95,000 after 14 years invested in an account with 4% interest compounded semiannually. The amount to be invested now, or the present value needed, is
- Please get to me soon.4. What rate of interest, compounded annually, willresult in the receipt of $15938.48 if $10000 is investedfor 8 years?include a cash flowIf the current rate of interest is 10% and interest is compounded semiannually, what is the present valueof receiving $10,000 at the end of 7 years?Question 3lf the current interest rate is 12% and interest is compounded semiannually, what is the present value ofreceiving $5,000 each year for 10 years?