If an investment of $45,000 is earning an interest rate of 4.00%, compounded annually, then it will take for this investment to reach a value of $50,618.88 - assuming that no additional deposits or withdrawals are made during this time. A) 0.38 years B) 8.89 years C) 1.13 years D) 3.00 years
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- 1. Future Value For each of the cases shown in the following table, calculate the future value of the single cash flow deposited today and held until the end of the deposit period if the interest is compounded annually at the rate specified. Part Single CF Interest Rate Deposit Period (Years) PV I/Y N A $900 3% B $1200 6% C $16,000 9% D $40,000 10% 6 8 12 15PLS ANSWER THIS QUESTION ASAP WILL RATE YOU!You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period? (Click here to see present value and future value tables) Amounts ofInvestment Rate Times Value at the Endof the Period $9,000 20% 16 years $fill in the blank 1 $13,000 15% 11 years $fill in the blank 2 $16,000 12% 6 years $fill in the blank 3 $35,000 10% 4 years $fill in the blank 4
- 4. What rate of interest, compounded annually, willresult in the receipt of $15938.48 if $10000 is investedfor 8 years?include a cash flowTo accumulate $5,500 in 8 years, a deposit of X is to be made today and a second deposit of X is to be made 3 years from now. The effective annual interest rate is 2%. Which of the following is an incorrect equation of value for this problem. A. X(1.02)^8 + X(1.02)^5 = 5,500, as of time 8. B. X + X(1.02)^−3=5500(1.02)^−8, as of time 0. C. X(1+v^3) = 5500v^8, as of time 0. D. X + X(1.02)^3 = 5500(1.02)^8, as of time 8. E. X + X(1.02)^3 = 5500v^5, as of time 3.An investment of $11,550 is deposited for 3 years at 2.2% compounded monthly. At this point, the interest rate is changed to 1.95% compounded semi- annually. The investment earns interest for 5 more years. What is the value of N₂? now $11,550 Select one: N₁ = ? IY₁ = ? CY₁ = ? O a. 5 years O b. 16 compounding periods O c. 10 compounding periods O d. 8 compounding periods 3y FV₁ PV₂ N₂ = ? IY₂ = ? CY₂ = ? 8y FV₂
- Please break down step by step how the circled figure was calculated. How did they get 6.41766? Annual withdrawal = $31,500 Period 10 years Interest rate= 9% S a) First withdrawal at year-end. Present value of cash flows = Annual withdrawal * present value of an rdinary annuity Present value of cash flows $31,500 x 6.41766 = $202,156.29 C Explanation: present value of an ordinary annuity 10 years, 9% = 6.41766 Present value of cash flows = $202,156Number of years needed to accumulate a future amount For the following case, determine the number of years it will take for the initial deposit to grow to equal the future amount at the given interest rate. (Click-on the icon here in order to copy the contents of the data table below into a spreadsheet.) The number of years for this investment, n, is Initial deposit Future amount $12,187 $24,600 years. (Round to two decimal places.) Interest rate 8%34. A sum of P1,000.00 is invested now and left for 8 years, at which time the principal is withdrawn. The interest that has accrued is left for another 8 years. If the effective annual interest rate is 5%, what will be the withdrawn amount at the end of the 16th year? Ancwor 14ith toxt andlor attachmontc:
- K Number of years needed to accumulate a future amount For the following case, determine the number of years it will take for the initial deposit to grow to interest rate. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Initial deposit Future amount $300 $1,000 The number of years for this investment, n, is years. (Round to two decimal places.) BELLES Interest rate 7%What's the future value of $1,225 after 5 years if the appropriate interest rate is 6%, compounded monthly? a. $1,900.19 b. $1,652.34 c. $1,751.48 d. $1,371.44 e. $1,272.30How much will a $100 deposit made today be worth in 10 years if interest is compounded quarterly at an annual rate of 10%? Which of the follwing answers is right? A: $200 B: $259.37 C: $268.51 D: $271.79