Use the present value formula to determine the amount to be invested​ now, or the present value needed.   The desired accumulated amount is ​$130,000 after 7 years invested in an account with 5​% interest compounded quarterly.

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=2000 future value)…

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: "Shelly deposits the $2,000 she got as a birthday gift from her grandmother into an account earning…

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Q: Find the final amount of money in an account if $3,900$3,900 is deposited at 7%7% interest…

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Q: Find the amount in a saving account at the end of 5 years if the amount originally deposited is $…

A: We have to find the amount in a saving account at the end of 5 years if the amount originally…

Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: Determine the total value of the investment after 4 years if $3800 is invested at 7.9% compounded…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

A: Given that, The desired accumulated amount =$85,000 compound semiannually interest rate=8% Number of…

Q: the suarez family invests $10,000 at an annual interest rate of 4.9% compounded monthly. how much is…

A: Step 1: Step 2: Step 3: Step 4:

Q: John deposits $2,000 into a CD that guarantees a 5.8% annual interest rate, compounded yearly. How…

A: Initial deposite= P= 2000 Final amount=A=? Time=t= 4 years  Interest rate = 5.8%=0.058  Number of…

Q: You deposit $3200 in a bank with annual interest rate of 3.5% compounded annually. What would you…

A: The deposit is $3200, interest rate is 3.5% compounded annually. The balance amount be 5 years later…

Q: Jeff has 5 years to save enough money to pay certain debt in full. During that time, he deposits…

A: If the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount, P…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

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Q: Keeler's Fabrication sets aside ​$4900.00 at the beginning of every three months in a fund to…

A: The  quarterly payment  PMT = $ 4900 Payments per year m=4 Number of years t= 9 years Number of…

Q: Find the present value that will grow to $2,000 if the annual interest rate is 8.5% compounded…

A: To find the present value which will grow to $2000, with the annual interest rate is 8.5% compounded…