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

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A: Solution: Present value of annuity is the present value of annual amount to be paid/ received…

Q: If you deposit $150 in an account with an APR of 6% and continuous compounding, the balance after 2…

A: Information Provided: Principal = $150 APR = 6% Time = 2 years

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Q: You deposit $725 today in a savings account that pays 6% interest, compounded annually. How much…

A: Future value, or FV for short, is a term used in finance to describe the estimated monetary value of…

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Q: How much can be accumulated for retirement if OMR2,000 is deposited annually, beginning one year…

A: Excel Spreadsheet:

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…

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

Q: If vou deposit $5060 al 6 5% compounded semiannually, what will the total amount after 16 years?

A: The present when compounded at a given interest rate for a given period of time gives the future…

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A: The (FV) is a concept of time value which assists in representing an investment at a particular time…

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A: A present asset's future value, abbreviated as FV, is the value that an asset is expected to have at…

Q: AS24 000.00 morgage amortized by monthly payments aver 35 years is renewable afher five years.…

A: Loanamount=248000 Tenure 35 years it means in months is 35*12=240 months Monthly emi is 1783.83

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A: The future value is the amount that will be received at the end of a certain period. In simple…

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A: In this we have to calculate present value FACTOR and annual instalment.

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Q: how much have you accumulated after 20 years?

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A: You are attempting a time value of money based problem and have got stuck. Most of the values you…

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A: The present value formula is used to compute the today’s value of $1 being paid or received in the…

Q: An investment offers to pay $600 quarterly for 21 years with an interest rate of 6%, how much is…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

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Q: $ 5000 is deposited in an account that earns 6% compounded continuously for 2 years. If this amount…

A: Using excel FV function

Q: 5. Jaycee plans to deposit P500 at the end of each month for 10 years at 12% annual interest,…

A: The future value of the annuity is the future worth of a series of cash flows at a certain rate of…

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Q: Find the Present Value of payments at the end of each year for 30 years if the first payment il $100…

A: The concept of time value of money will be used and applied here. As per the concept of time value…

Q: if you invest $1,000 today With a compound annual interest rate of 5 %. What is the total amount…

A: Future value of money refers to the value of money on a particular date in the future. In other…

Q: You want to receive ​$275 at the end of every three months for 5 years. Interest is 5.7% compounded…

A: Present value refers to the current value of an asset present at some future date. It is helpful…

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A: Solution:When some amount is invested somewhere, it earns interest on it.The amount initially…

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…

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A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Compute the value in 18 years of a $2,000 deposit earning 9 percent per year. (Do not round…

A: To calculate the future value we will use the below formula   Future value = PV*(1+r)n Where PV -…

Q: payments are deferred for 10 years? $129.43 $319.42 $305.21 $300.21

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Q: If you would like to have $ 10,000 after 8 years, how much money should you deposit now if the…

A: Given:

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A: loan =248000 Period =35years  interest =8.12%

Q: Payments of $2,700, due 60 days ago, and $3.200, due in 50 days, are to be replaced by payments of…

A: Time value of money states that the money with us today has more value than the same amount of money…