Jennie invested a certain amount in a bank compounded semi-anually.The bank told her that the investment is expected to be doubled after 5 years. Approximately, how much will she gain from the investment after 3 years?

Q: When you were born, your family started to deposit 1,000 USD each month in the bank. The bank offers…

A: Amount deposited each month in the bank = 1,000 USD  Annual deposited amount (PV) = 1,000 USD × 12…

Q: A person just invested $475 in a security that pays $85 per year for eleven years; the first payment…

A: Annuity is the number of payments which are equal in size and made in equal interval of time. Person…

Q: established a trust fund for you in a bank. The account has been earning an annual interest of 11%.…

A:

Q: Tanja wants to establish an account that will supplement her retirement income beginning 25 years…

A: The future value is the worth of an investment or asset at a particular future date, computed based…

Q: 1. Hannah deposited 1,500 in a bank with an interest rate for 1 year. What is the future of her…

A: IN finance the time value of money is considered so there is present value and future value concept…

Q: Gabby is planning to buy a home.  She has some money for a down payment already saved.  She sees a…

A: Step 1). Monthly payment on the borrowing is calculated using following equation Monthly payment =…

Q: how much money was invested in the CD​ account?

A: Solution:- Lets assume that the amount of money invested in CD account is x which makes the amount…

Q: Mr. and Mrs. Revilla decided to sell their house and to deposit the fund in a bank. After computing…

A: Determine the present value of the annual withdrawals after 5 year of deposit using the Excel PV…

Q: Martha Diaz needs an investment loan. She gets a simple interest amortized loan for $12,000 at 8.5 %…

A: Interest is the cost of borrowing the money.

Q: A friend was left $50,000 by his uncle. He has decided to put it into a savings account for the next…

A: The effective annual rate of return is the actual rate of interest investment will generate after…

Q: Juanita Domingo's parents want to establish a college trust for her. They want to make 16 quarterly…

A: Present Value is the current price of future value which will be received in near future at some…

Q: Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found an annuity that…

A: According to bartleby guidelines , if question involves multiple sub parts , then 1st sub 3 parts…

Q: If Laura invests $1,230.00 in an account earning 2.95% simple interest, how much money will be her…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: hat do you think the future worth of her investment will be?  b. How much interest will she earn?

A: Interest: Interest is the income generated from investing an amount in a bank or any other financial…

Q: Consider two savings plans: Kelly deposits $415 per month in an account with an APR of 4.2% for 15…

A: Here we can use the concept of time value of money. The concept of time value of money states that…

Q: Susan plans to make an investment today which promises to return to her $3,000 each year for ten…

A: Using excel PV function

Q: While Mary Corens was a student at the University of Tennessee, she borrowed $14,000 in student…

A: It can be calculated using following function in excel =NPER(rate,pmt,pv,[fv],[type]) Rate The…

Q: Amanda is going to invest to help with a down payment on a home. How much would she have to invest…

A: The concept of the time value of money states that the same amount of money has more value now than…

Q: Lisa has another option for her plan to buy a new house: Using $150,000 as a deposit and get a…

A: Compounding is an important technique which increases the effective interest rate. Effective…

Q: While Mary Corens was a student at the University of Tennessee, she borrowed $10,000 in student…

A: Tenure is the loan refers to the time period by which loan is repaid along with the applied interest…

Q: Elena wanted to invest in a trust fund. She borrows from a credit corporation that charges 8% simple…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Q: A few years ago a couple purchased an office space by financing RA for n years, paying installment…

A: Present value of annuity Annuity is a series of equal periodic payments at equal interval over a…

Q: A newly wedded couple is planning to buy a two bedroom apartment in Windhoek for N$280000. He is…

A: The objective of the question is to calculate the total amount to be paid to the bank, the monthly…

Q: Hannah wants to have $ 7500 to help pay for a new deck in 16 years. If she wants to put her money…

A: GIVEN, Future Value  = $7500 Interest rate(r)  = 6.25/100 = 0.0625 Time Period(t) = 16 years Present…

Q: Fatema wants to invest an amount of OMR.  2000 every year to go on vacations with her husband at the…

A: Annual Amount invested =OMR 2000 Years (n) = 5 Interest Rate(r1) = 7.85% = 0.0785 Interest rate(r2)…

Q: Caitlyin is saving to buy a house.She plans to deposit $12, 000into her account today and 1year from…

A: The objective of the question is to calculate the total amount of money Caitlyin will have in her…

Q: Mrs. Seema visited financial consultant, who suggested following two options available for 8 years…

A: The alternative that yields the higher return should be selected. Compute the future value in both…

Q: a wants to give her daughter Mara a financial gift on the latter's college graduation two years now.…

A: Solved using Financial Calculator  PV = -2,000 FV = 5,000 N = 2 years * 4 quarters = 8 CPT I/Y =…

Q: imana wants to buy a two bedroom apartment in Rockycrest for N$680000. he is expected to pay 9%…

A: To calculate the total amount of money Imana will pay to the bank over 22 years, we need to break…

Q: you want to establish a perpetuity that pays $6500 per year. Your banker will establish such an…

A: Solution:Perpetuity refers to the equal cash flow per period forever.We know, value of perpetuity =…

Q: Alani plans to invest $500 into an IRA at the beginning of every month for the next 20 years. She…

A: An annuity refers to a stream of cash flows that occurs on a periodic basis and the cash flow…

Q: How much will be in Sarah’s account in 10 years if she deposits $5000 in an account that pays 10%…

A: the balance in the account will be the amount deposited along with the interest accrued over the…

Q: Joe borrowed $100,000 from a local bank, which charges him an interest rate of 7% per year. If Joe…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: n investor knows that she will need £20,000 in ten years and looks at possible savings plans. The…

A: More is the compounding than more is the effective interest rate and more is the future value of the…