If you want to triple your money at an interest rate of 6.00% per year compounded annually, for how many years would you have to leave the money in the account? O 32 years O 19 years O cannot be determined without knowing the amount invested O 12 years

Q: To accumulate a fund of P 80,000 at the end of 10 years, a man will make equal annual deposits in…

A: Given: The future value is = P80,000 Time period = 10 years The interest rate is = 5% compounded…

Q: 1. Two cash flows A and B are shown below Year Cash Flow A Cash Flow B 500 11 1 4Q 2 300 3 3Q 4 700…

A: Cash Flow Diagram: A cash flow diagram is the graphical representation of positive and negative cash…

Q: * Your answer is incorrect. If you invest $5,200 three years from now, how much will be in the…

A: Formula for future value is given as: F = P(1+r)t P : Principle amount F : Future valuer : per annum…

Q: What is the equivalent of a current deposit of $32,000.15 years from now at 8.5% interest compounded…

A: Current deposit account is a type of savings deposit with no deposit term specified. It can be used…

Q: alculate in interest earned by saving $9,000 for five years at an annual interest rate 8% but…

A: Interest is the extra income that is derived from the investment at a future date. The interest…

Q: Please show work

A: According to the question, an investment of $2,000 has made for 20 years at 8% per year. The amount…

Q: If you borrow 9000 dolars and agree to repay the loan in six equal annual payments at an interest…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Q: In order to buy an apartment unit, Meryl needs to spend a total of $300,000 today and equal monthly…

A: Total Amount spent today = 300,000 Monthly Payment = 2500 n = 26 years r = 7% compounded monthly

Q: At the end of every year you deposit $2.000 into an account that earns 9% interest per year. What…

A: The Balance in the account after the 30th deposit can be calculated by the following the formula…

Q: If cash flows are received on a semi-annual basis; the effective semiannual interest rate, if it is…

A: The effective interest rate is the rate that provides the actual interest or return to be earned on…

Q: On their saving accounts, Al- Rajhi Bank offers an annual interest rate of 16% nominal, Compounded…

A: Given information, Present value (p)= $22,000 Interest rate (r)= 16% Compounded period (m)= 4…

Q: What is the present equivalent (at EOY 0) of the following cash-flows if the annual interest rate is…

A: The present value of the cash flow is the present worth of cash now that will be received in the…

Q: Assuming a 10 pcrcent interest rate compounded continuously, what is the present valuc of an annuity…

A: [a] Present value off annuity for the next five years:-PV = $500/[1+10%]^1 + $500/[1+10%]^2 +…

Q: Consider an EOY geometric gradient, which starts at EOY 2 with an initial value $13500 and continues…

A: A geometric gradient refers to a series of values or cash flows that change by a constant ratio over…

Q: Question 1 The amount of money deposited 25 years ago at 5% interest that would now provide a…

A: Present value refers to the current value of a future sum of money or cash flow, discounted at an…

Q: A perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How…

A: Investment amount = $159,000 Rate = 4% = 0.04 Withdrawal = Investment * Rate/2    = 159,000*0.04/2…

Q: What is the size of end of month payments if a mortgage of $275,000 is amortized over 25 years and…

A: * SOLUTION :-

Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: * SOLUTION :-