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 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 conclusionComplete 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.)
- Please show work. Thank youUse 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, isIf 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?
- Compute the amount of money to be set aside today to ensure a future value of $1,400 in one year if the interest rate is 4.5% annually, compounded annually. The amount of money to be set aside is S (Round to the nearest cent as needed.)Please help meWhat is the future value of $750.00 received today and deposited at 8% per year for 10 years with interest compounded semi-annually?
- At what annual interest rate, compounded annually, must $520 be invested for it to grow to $1,908.44 in 10 years?3. Use the formula for computing future value using compound interest to determine the value of an account at the end of 10 years if a principal amount of $17,000 is deposited in an account at an annual interest rate of 4% and the interest is compounded quarterly. The amount after 10 years will be $_____ (Round to the nearest cent as needed.)What is the future value (at the end of 10 years) of an annuity that pays $700 a quarter over 10 years with the payments invested at 6.6% per annum (assume compounding matches payment periods, common assumption for such problems)? (enter your answer in the following format 123456.78) Answer: