If $38,000 is invested for 15 years at 9.4% compounded quarterly and then pays out $9174 at the beginning of each year while earning 2.4% compounded annual far from today would the last payment occur? Select one: a. 30.2 years Ob. 20.9 years O c. none Od. 42.0 years Check

Q: Calculate the accumulated amount (rounded to the nearest thousand rand) of semi-annual payments of…

A: Solution:When an equal amount is saved each period at end of period, it is called ordinary…

Q: nil Two payments of $8,000 and $2,400 are due in 1 year and 2 years, respectively. Calculate the…

A: Present value is the equivalent value today of the future value and the present value of both…

Q: Find the final amount of money in an account if $3,900$3,900 is deposited at 7.5%7.5% interest…

A: Calculations are done in excel, so there is no intermediate rounding. (1+i) = (1+i(2)2))^2(1+i) =…

Q: You will pay a tuition cost of $50,000/year for 4 years and the first payment is due yearend. If…

A: The amount that should be deposited today is equal to the present value of the tuition cost for four…

Q: If $8,000 is invested in a certain business at the start of the year, the investor will receive…

A: The present value of a business opportunity is the current worth of potential future cash flows or…

Q: You have contracted to buy a house for $430,000, paying $130,000 down and taking out a fully…

A: Here, Cost of House is $430,000 Down Payment is $130,000 Annual Interest Rate is 5.7% Time Period of…

Q: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.…

A: Present value is the discounted value of future value.  Present value compounded at a certain…

Q: Determine the principal P that must be invested at rate r = 3%, compounded monthly, so that $700,000…

A: Future value (FV) = $700,000 Interest rate = 3.50% Monthly interest rate (r) = 3.50%/12 =…

Q: Finance   What amount invested today would grow to $10,800 after 25 years, if the investment…

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

Q: Mark Welsch deposits $7,400 in an account that earns interest at an annual rate of 12%, compounded…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: investment, what nominal rate of interest, compounded semi-annually must you earn?

A: Information Provided: Principal = $26,000 Years = 13 Semiannual payments to be received = $1700

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: Mark Welsch deposits $7,900 in an a earned interest must remain in the ac years? (PV of $1, FV of…

A: Given: Deposit = $7,900 Interest rate = 12% Years = 2

Q: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.…

A: Present value=Future value /  [ 1 + (Interest rate x Number of years)]

Q: What amount would you have if you deposited $2,100 a year for 40 years at 9 percent (compounded…

A: Annuity refers to the series of equal payments or receipts made at regular intervals for a…

Q: Suppose you borrowed $50,000 at a rate of 8.1% and must repay it in 5 equal installments at the end…

A: Given ,Loan amount , Annual rate , r = 8.1% = 0.081Annual rate , r = 8.1% = 0.081number of…

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: Assume you take out a $3000 loan, compounded monthly, for 2 and a half years at 8.5% APR. What is…

A: Interest The cost of borrowing an amount is called interest. Interest is paid on a regular basis at…

Q: Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded…

A: Compound = Quarterly = 4Present Value = pv = $8100Interest Rate = r = 8 / 4 = 2%Time = t = 5 * 4 =…

Q: Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded…

A: The formula to calculate the future value (maturity value) of a deposit compounded quarterly is…

Q: Find the final amount of money in an account if $5,300 is deposited at 6.5% interest compound semi…

A: Initial deposit (I) = $5,300Semiannual interest rate (r) = 0.0325 (i.e. 0.065 / 2)Semiannual period…

Q: The Lost in Space corporation is trying to finally build a space ship that won't end up stranding…

A: The Internal Rate of Return (IRR) is a financial metric used to measure the profitability of an…

Q: nnuity purchased for $182,000 pays pounded semiannually? (Do not roum ber.) be years months

A:

Q: Suppose that $17,000$⁢17,000 is deposited for six years at 4%4% APR. Calculate the interest earned…

A: Compound = monthly = 12 Present value = pv = $17,000 Time = t = 6 * 12 = 72 months Interest Rate = r…