If $100,000 is invested at 5.0% annual interest, compounding monthly, what is the balance after 3 years? a. $133,333 b. $152,120 c. $161,472 d. $159,124

Q: What is the future value in five years of $1,000 invested in an account with an APR of 10 percent,…

A: The FV of an investment refers to the combined worth of the cash flows of the investment at a future…

Q: $500 is invested at 6% compounded quarterly, what is the interest earned after: 3 years 4 y

A: The more is the compounding of interest than more is effective interest and more is amount of future…

Q: If $900 is invested at 10% compounded quarterly, what is the interest earned after a) 4 years…

A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…

Q: What present value amounts to $11,273.57 if it is invested for 5 years at 10% compounded annual?…

A: Present value is calculated using following equation Present value = Future value1+rn Where, r is…

Q: What will be the future value of $5 000 invested for six years at 8% per annum compounded annually?

A: Information Provided: Principal value = $5000 Interest rate = 8% compounded annually Years = 6

Q: If you invest $40,000 at 4% interest compounded annualy, approximately how much money will be in the…

A: PV=$40,000r=0.04n=6FV=?

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 is the future value of $2,000 invested at the beginning of each year for six years at 4%? a.…

A: The future worth of the investment is the amount which will be receiving in the following years that…

Q: Calculate the simple interest earned on an investment of: $2 000 at 4% per annum for three years…

A: Here, Investment Amount (P) is $2,000 Time Period (T) is 3 years Rate (R) is 4%

Q: What is the present value of $3,000 invested at the end of each year for 7 years at a compound…

A: Present value of annuity formula.PV = A * wherePV = Present value of annuity A = periodic depositsr…

Q: What will an amount of $75 000 become in 5 years time if invested at                      4.15% p.a.…

A: Future value is the compounded value of a sum of money invested at a given interest rate for a…

Q: If $200 is invested at 5% compounded quarterly, what is the interest earned after: a) 6 years,…

A: The formula used as follows: A=P1+rnn×t

Q: What annual rate of interest must the account earn in order to grow $11909 in 12 years?

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: An investment of S6,560 earns interest at the rate of 5% and is compounded quarterly. What is the…

A: Investment = 6560 Interest rate = 5℅/4 = 1.25℅ per quarter N = 28 quarters (7 years)

Q: What present value amounts to $23,513.44 if it is invested for 6 years at 10% compounded quarterly?

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: What is the future value of four cash flows of $500 to be received at the end of each of 4 years…

A: Future value: This is the amount of present value accumulated or compounded at a rate of interest…

Q: If $500 is invested at 16% compounded quarterly, what is the interest earned after: a) 5 years…

A: We need use compound interest formula below to calculate interest earned A = P*(1+i)n where A =…