P= $140 R= 3% T= 2 Year Find the simple interest owed for the use of the money. Assume 360 days in a year.

Q: Find the present value of the given future amount. $43,000 for 22 months at 5% simple interest

A: Answer  Future Value $43,000 Time 22 Months Period In Years 1.83 Years Rate 5%

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…

Q: Consider the following loan. Complete parts (a)-(c) below. An individual borrowed $87,000 at an APR…

A: Here, Borrowed Amount is $87,000 APR is 5% Time Period is 19 years Monthly Payment is $592

Q: Find the future value of an account if the present value is $172.39 at 6% interest for 700 days.

A: Future value of investment is the value received after putting some efforts and time in the…

Q: The principal  P is borrowed at a simple interest rate R for a period of time T. Find the loans…

A: Calculation of Future Value and Total Amount Due:The future value is 7,605 and total amount due is…

Q: Calculate interest using a 360-day year. If required, round your answers to the nearest cent.…

A: Amount of Interest = Principal * Rate of Interest * No of Days/360 Interest is Payment made by…

Q: he principal is borrowed at a simple interest rate r for a period of time t. Find the simple…

A: Simple interest is a straightforward method of calculating interest based on a fixed percentage of…

Q: How much money must you deposit now at 6% interest compounded quarterly in order to be able to…

A: The given problem can be solved using PV function in excel. PV function computes current balance…

Q: If you invest $40,000 at 4% interest compounded annualy, approximately how much money will be in the…

A: PV=$40,000r=0.04n=6FV=?

Q: Find the present value of the given future amount. $59,000 for 3 months at 5% simple interest What…

A: Here,FutureValue is $59,000Rate is 5%Time is 3 months or 0.25 years

Q: Calculate the time in years for $2,000 to accumulate to $3,000 at a. 6% simple interest (12) b. 6%…

A: a.  The formula for simple interest is: I = P * r * t where: I is the interest earned P…

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: Suppose an annuity pays $2000 at the end of each 3 month period for 3.5 years at an interest rate of…

A: given, A = $2000 n = 3.5 r = 4% pa but it is compounded quarterly therefore, frequency of…

Q: Find the periodic payment R required to amortize a loan of P dollars over t years with interest…

A: The periodic amount will be found using excel’s PMT function. It is the minimum amount that must be…

Q: Consider the cash flows given above. What is the equivalent annual payment for 5-year annuity at 5%…

A: Annuity payment can be calculated by equating the present value of annuity with the present value of…

Q: etermine the simple interest. The rate is an annual rate. Assume 360 days in a year.   p=​$280​,…

A: Simple interest is the type of interest that is calculated on the original amount invested in an…

Q: a. Set up an amortization schedule for a $19,000 loan to be repaid in equal installments atthe end…

A: The above question deals with the amortization of loan by way of annuity payments and observing the…

Q: PLEASE SHOW ALL WORK  In how much time will the simple interest on $3,500 at the rate of 9% be the…

A: Simple interest is calculated by multiplying the rate of interest with the principal amount and time…

Q: Find the periodic payment R required to accumulate a sum of S dollars over t years with interest…

A: An annuity is a cash flow that occurs at regular intervals. For instance a cash inflow of $100 each…

Q: Suppose that you deposited $5,999 at the end of each year in a Roth IRA account earning an annual…

A: A Roth IRA (Individual Retirement Account) is a tax-advantaged retirement savings account that…

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

A: Time value of money is one of the important concept being used in finance. It says that a dollar…

Q: Find the future value of the ordinary annuity. PMT= $2500, i = 7.4% interest compounded quarterly…

A: The future worth of the annuity can be referred as the compounded value of the amount that has been…

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

A: Future Value is that value which depend upon the present value and rate of interest which is earned…

Q: What is the balance in the account after 3​years? How much of this balance corresponds to​ "interest…

A: Information Provided: Principal = $1250 Interest rate = 8% A: Period = 3 years B: Period = 31 years…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4200, r = 7%, t = 1 year

A: Only the original principal amount is used to compute simple interest, which is calculated as a…

Q: Assume that at time 0 a sum L is lent for a series of n yearly payments. The rth payment, of amount…

A: Amount lended or Present value is Leffective annual interest rate is irNumber of payment is r To…

Q: 1. Let's assume that a loan of $100,000 with an annual interest rate of 6% over 30 years pays…

A: Accumulation rate is the increase in size of asset, position or overall buying activity of…

Q: Find the present value of the given future amount. $68,000 for 7 months at 8% simple interest What…

A: Simple interest is the amount of interest being earned on saving or investment amount. Under this,…

Q: Find the present value of the given future amount. $183,714 for 321 days at 5.6% simple interest.…

A: The simple interest is interest without compounding that means there is no interest on interest and…

Q: An amount of P dollars is borrowed for the given length of time at an annual interest rate of r.…

A: Principal amount is $3200 Interest rate is 9% Time period is 3 months To Find: Simple interest

Q: Find the amount due if $100 is borrowed for 11 months at 5% simple interest.

A: Interest can be charged using two methods: Simple Interest refers to interest charged on principal…

Q: Calculate the simple interest earned. Round to the nearest cent.

A: Simple interest rate is the simplest method to calculate the amount of interest charged on borrowed…

Q: Find the time t, in years, for the principal P = $715 to reach the future value F = $740 under r =…

A: Principal (P) = $715 Future value(F) =$740 Rate = 1.89% compounded quarterly So, quarterly compound…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.