If you invest $150,000 at an interest rate of 10% compounded annually, what is your total balance after 2 years?

Q: A sum of money invested at 12% interest, compounded quarterly, will triple in amount in…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: What is the amount of the quartery deposits A such that you w able to withdraw the amounts shown in…

A: Let Quarterly Deposit = A r = 8%/4 = 2%

Q: How long will it take money to double itself if invested at 10% compounded annually?

A: Compound interest formula: F = P (1 + r)n Where F is the future value P is principal value r is…

Q: How long (in years) will it take to quadruple a money if it earns %4.7 compounded semiannually?

A: Compounding interest refers to the interest that accumulate on both the principal and interest rate.…

Q: Calculate the effective annual interest rate for continuous compounding?

A: The effective annual interest rate , also called effective annual rate (EAR) is the real return on…

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Given that there are withdraws of $1000 in the fourth period and $2800 in the eighth period.…

Q: If you invest $4,000 at 3% interest compounded monthly, how long will it take you to reach $5,000 ?

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Nominal rate of interest (r) =8% compounded quarterly.Withdrawal at the end of the 4th quarter is…

Q: A person borrowed $200 for one month and paid $30 in interest. However, she did not know whether the…

A: We can calculate the total amount to be repaid and the annual interest rate for both simple and…

Q: Money borrowed today is to be paid in 6 equal payments at the end of each quarter. If the interest…

A: answer was attached below

Q: Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 11 years. If…

A: We have the following information, Jake Werkheiser decides to invest $5000 Time period, n = 11…

Q: How long will it take money to quadruple itself if invested at 13% compounded annually?

A: Money quadruples meaning current value becomes four time in n years.

Q: Approximately how long will it take a deposit to triple in value if money is worth 12 % compounded…

A: here we can calculate how long will it take a deposit to triple in value as follow

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Here we calculate the amount of the quarterly deposits by using the given cashflow , so the…

Q: At 10% compounded annually, how long will it take for money to double itself?

A: Given: Interest rate = 10% (in percentage) To find out how long will it take for money to double…

Q: What is the present value of a series of 6 payments of $5,000 each at 7.25%compounded annually?

A: here series of payment of $5000 is made at each year at constant interval, this is called the…

Q: Calculate the total interest earned, if you save $68 each month, Starting today, for 11 more…

A: Here's how to calculate the total interest earned on your savings:1. Define variables:Monthly…

Q: If a rate of 3% interest is compounded monthly, the effective rate of interest is somewhat less than…

A: The genuine interest rate attached to an investment or loan is described by the effective yearly…

Q: COMPUTE THE EQUIVALENT RATE OF 6% INTEREST COMPOUNDED SEMI- ANNUALLY TO A RATE COMPOUNDED QUARTERLY?

A: Here we will use the future value formula in the case of compound interest rate:  F = P(1 +R/m)tm P…

Q: You have $25,000 in an account that pays 6% interest compounded annually. You want to make equal…

A: Deposit in Year 1 = $25000Annually compounded interest rate = 6%Duration = 8 years

Q: Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?

A: P = P3,000 n= 4 (because it is compounded quarterly) t = 9 r = 6% = 0.06 A = P(1+r/n)nt    = 3000 x…

Q: company borrowed $100000 from a bank at an interest rate of 10% compounded monthly. The loan will be…

A: This annuity problem where equal payment will be made across the 36 periods to payoff the loan…

Q: In how many years will money triple its amount if invested at 8 % compounded semi – annually?

A: Interest is the amount paid for using an amount of money.

Q: A series of equal semi-annual payments of $2453 for 4 years is equivalent to what present amount at…

A: Given: Interest rate = 12% Years = 4 years Semi-annual Payment = $2453   Period Cash flow…

Q: Lia wishes to have $3000 after 3 years in an account that draws 6% nominal interest compounded…

A: In this question we have to find out the principal value with the help of the above information.

Q: If the nominal annual interest rate is 5% compounded monthly, what is the effective interest rate?

A: Effective annual rate=E Annual percentage rate=APR No. of compounding period=n Given: APR=5%=0.05…

Q: 8. What is the nominal rate of interest compounded continuously for 10 years if the compound amount…

A: Given: The time period = 10 years The amount of compounded factor is = 1.34986 To Find: The nominal…

Q: A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years…

A:

Q: se solve in 20 minute Kyle wants to save $15,000 so he can take a trip to Australia when he…

A: Given the future value = $15000 Number of years = 3 years Number of compounding period = 3 years x…

Q: How long will an account invested at 11.5% compounded yearly be tripled?

A:

Q: How much is accumulated in each of the following saving plans after 1 year? a) Saving $100 at the…

A: Note: “Since you have posted a question with multiple sub-parts, we will provide the solution only…