Joshua now has $500. How much would he have after 11 years if he leaves it invested at 4.5% with annual compounding?   a. $815.76     b. $811.43     c. $522.50     d. $776.48     e. $829.72

Q: 1. What is the present worth of P 5 000 for 2 years at 12% compounded quarterly?

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: Hannah places $ 6500 into an account earning 7.75% interest compounded continuously, how much will…

A: Future Value = Present Value * e^rt Where, r =continuously compounded rate of interest i.e. 7.75% t…

Q: Trinity now has $300. How much would she have after 10 years if she leaves it invested at 8.5% with…

A: The objective of this question is to calculate the future value of an investment given the principal…

Q: Kofi now has $500. How much would he have after 8 years if he leaves it invested at 6.7% with annual…

A: Future value = Present value × (1+ PIR)^n PIR = periodic interest rate = 6.7% = 0.067 in decimal N=…

Q: A man is investing $3,000 at 8 1/4% simple interest to save for a new car. In how many years will he…

A: SIMPLE INTEREST FORMULA: A=P×1+RT WHERE, P=principal A=amount R=rate  T=time

Q: You just inherited some money, and a broker offers to sell you an annuity that pays $19,245 at the…

A: Present value (PV) could be a budgetary concept utilized to decide the current worth of future cash…

Q: Assume your uncle died one year ago and had left you the money in his saving account at that date.…

A: Amount Deposited 16 years back = PKR 550,000 Years(n) = 16 Interest Rate (r) = 13%

Q: . Your grandmother has established a trust fund that pays you $3,500 each year for 15 years. upon…

A: Given: CF=$3500t=15 yearsr=7% i.e 0.07

Q: a. $612.40 b. $526.00 c. $644.24 d. $653.02 e. $646.31

A: Future value of money is much more than the actual deposit due to compounding of the interest rate.

Q: Sue now has $215. How much would she have after 6 years if she leaves it invested at 8.5% with…

A: We need to calculate future value of $215 at 8.5% interest rate with monthly compounding after 6…

Q: 3) Isaac invested $77.000 in an account paying an interest rate of 4.6% compounded quarterly.…

A: Q3.The initial investment (PV) is $77,000.The interest rate (r) is 4.6% compounding quarterly.The…

Q: 5. Christopher is retiring and wants to set up a 20-year annuity with $120 000 of his savings. The…

A:

Q: Cooper wants to save for college. Assuming he puts $5,000 into an account at the end of each year…

A: Money invested anywhere changes in value with the change in time. This is simply understood as the…

Q: Nia now has $130. How much would she have after 10 years if she leaves it invested at 8.5% with…

A: Compound interest is a powerful concept in finance, it occurs when interest is calculated not only…

Q: Your grandparents just gave you a gift of $3,000. You are investing this money for 10 years at 3…

A: Solution:- In simple interest method, amount of interest earned = Principal amount x Annual interest…

Q: Mr. Chips, Inc. wishes to accumulate $1,200,000 to be used to pay off a balloon note at the end of 5…

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

Q: Jessie has been contributing $250 at the end of each 6 - month period for the past 18 months to a…

A: Semi annual Contribution is $250 Interest rate Compounded semi annually is 6% Time period is one…

Q: Sue now has $215. How much would she have after 6 years if she leaves it invested at 8.5% with…

A: Step 1 The worth of a series of periodic payments at a future date, assuming a specific rate of…

Q: Xavier now has $500. How much would he have after 7 years if he leaves it invested at 5.4% with…

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

Q: please explain your answer....

A: The objective of this question is to find out how much John needs to invest now in order to have…

Q: Michael receives from his great aunt three stores. He estimates that these will bring him money at a…

A: Details Available Annual Investment $1000 Interest Rate 4.50%   Concept of Investment value…

Q: 31) Today, Dexter is investing $24,000 at 5.5 percent, compounded annually, for 6 years. How much…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Five years ago, a man invested P 80,000 at 5% compounded semi-annually. How much is his money now?…

A: Given: Principal invested “P” = P 80,000 Interest rate “r” = 5%/2,( compounded semi-annually )…

Q: You just turned 20 years old and want to retire when you turn 65. You plan to put $4,900 every year…

A: FV represents the total value or amount of an investment or account at a specific future point in…