On February 11, 2023 the future value of a sum of money will be $82,800. What would be the present value of this sum of money on July 6, 2020, if the interest rate is 2.91% compounded monthly. (1year = 365days) Round the value for PV to two decimal places. P/Y = PV = $ % C/Y = PMT = $ DBD = FV = $ days I/Y =

Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $2400, I = $60, t…

A: Simple interest = Amount*rate*time in years

Q: Find the present value of the given future amount. $31,000 for 9 months at 8% simple interest What…

A: The Time Value of Money states that a dollar earned today is more valuable than any time in the…

Q: An investment of $837.00 earned interest quarterly. If the balance after 7 years was $1251.24, what…

A: Initial investment = $ 837Future value = $ 1251.24No of years = 7Number of quarters = 7*4= 28Find…

Q: If the annual interest rate is 7%, what is the monthly interest rate that would be used as the "r"…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: ESTION IS: The present value at j12 of a $10,000 payment today, followed by 32 monthly payments…

A: Present value is the equivalent value of money today of the future money based on the time value of…

Q: What is the future value of $6700 a year for 30 years at 10.5 percent interest, compounded annually?…

A: For the calculation of the future value, we will use the below formula   Future value = P*(1+r)n…

Q: Tony is converting an RRSP balance of $275,000.00 into a RRIF. Tony wants to receive $1,911.00 at…

A: Time value tells that money received today is of more value than that of receiving the same value…

Q: An investor contributes $847.00 per quarter in an account that pays 4.00% APR with quarterly…

A: Quarterly contribution = $847.00APR = 4.00%Number of years = 17 years

Q: What is the value today of a money machine that will pay $1,321.00 per year for 11.00 years? Assume…

A: The concept of time value of money will be used here. To compute the future value we compound the…

Q: If $84,000 is invested in an annuity that earns 5.2%, compounded quarterly, what payments will it…

A: Investment (PV) = $84000 Interest rate = 5.2% Quarterly interest rate (r) = 5.2%/4 = 1.30% Period =…

Q: Calculate the percentage return on a​ 1-year Treasury bill with a face value of ​$10,000if you pay…

A: The treasury bill is issued at discount but matures at the face value. There is no interest on the…

Q: Find the principal P that corresponds to the future value F = $10,000 under r = 5.2% interest…

A: To calculate principal P, we need to use time value of money formulae.

Q: Compute the simple interest INT for the specified length of time and the future value FV at the end…

A: Simple interest is the formula for determining interest with respect to the principal amount, time,…

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: Principal amount (P) = $43,000 Interest rate (r) = 9 3/4% = 9.75% Period (t) = 9 Years Compounding…

Q: You are planning to make annual deposits of $3,600 into a retirement account that pays 8 percent…

A: The company will invest in another company to earn profits from the investments. The company will…

Q: What is the value today of $500 per month forever, with the first $500 payment occurring two months…

A: Monthly payment (C) = $500Monthly interest rate (r) = 0.01 (i.e. 0.12 / 12)Present value = ?First…

Q: What is the value today of receiving $2,674.59 per year forever? Assume the first payment is made…

A: Present value refers to the current value of an asset that will be present at some future date which…

Q: Find the future value of an annuity of $1400 paid at the end of each year for 15 years, if interest…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: What is the value today of a 15-year annuity that pays $710 a year? The annuity's first payment…

A: Period of the annuity = 15 yearsYearly payment = $710It is given that the annuity's first payment…

Q: What is the value today of a money machine that will pay $3,776.00 per year for 19.00 years? Assume…

A: The concept of time value of money will be used here. To compute the future value we compound the…

Q: If you were to use the TVM Solver to determine how much money would be in an account (that earns…

A: Future value(FV) is value of current amount at future date that is computed by compounding current…

Q: Using the rule of 72, calculate how quickly $10,000 will double to $20,000 at interest rates of 2…

A: At 2% interest rate: Number of periods = 72 / interest rate Number of periods = 72 / 2% Number of…

Q: Suppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the…

A: Maturity Amount, A  = $ 5637Principal deposited, P = $ 1,296Time period, T = 9 years

Q: What is the future value (in $) of $1,661 in 13 years assuming an interest rate of 4.15 percent…

A: Future value refers to the estimated monetary value of an asset or investment at a specified point…

Q: An amount of $124 is paid at the end of every month into an account. If the nominal interest rate is…

A: Here, Monthly Amount is $124 Interest Rate is 3.02% Compounding Period is Semi Annual Payment Period…

Q: Present Value Years Interest Rate Future Value NKr 560 10% NKr 1,284 810 4,341 18,400 15 364,518…

A: according to time value of money: future value = present value ×1+rnwhere,r=interest raten=number of…

Q: What's the present value, when interest rates are 7.5 percent, of a $50 payment made every year…

A: Present value of perpetuity = Equal periodic payment / Periodic interest rate

Q: Find the present value of the given future amount. $74,000 for 23 months at 7% simple interest

A: Future value = fv = $74,000 Time = t = 23 / 12 years Interest rate = r = 7%

Q: What is the value today of a money machine that will pay $1,548.00 per year for 17.00 years? Assume…

A:

Q: With an interest rate of 5 percent per year, what is the present value on December 31, 2020 of…

A: Present value is also known as a present discounted value, in which the future value of cash inflows…

Q: What is the future value of 15 periodic payments of $39,000 each made at the end of each period and…

A: Time Period = 15 Years Payment = $39,000 Interest Rate = 8%