Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. S7000, deposited at 7% compounded quarterly, to reach at least $8000 The time required is O year(s). (Type an integer or decimal rounded up to the next quarter.)

Q: Find the interest rate for a $8500 deposit accumulating to $11,612, compounded annually for 6 years.…

A: A = the final amount (in this case, $11,612) P = the principal (initial deposit) (in this case,…

Q: How much must be deposited at the end of each month for 9.5 years to accumulate to $3866.00 at 10%…

A: Accumulated value = $3866 Monthly interest rate (r) = 0.00833333333333333 (i.e. 0.10 / 12) Monthly…

Q: If $3500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…

A: Future value of annuity is: = P * ([1 + I]^N - 1 )/I, where P is annuity amount. I is equal to the…

Q: Calculate what $860 would grow to at 7% per year compounded daily for 9 years. (Use the Table 12.2)…

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

Q: If $840.00 accumulates to $1177.12 in three years, nine months compounded quarterly, what is the…

A: The objective of the question is to find the effective annual rate of interest when the principal…

Q: Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20…

A:

Q: $1,200 is deposited every six months in an account that earns 2% compounded semi-annually, how many…

A: Effective interest rate is interest rate after considering impact of compounding and more is…

Q: What is the present value of $7,280 payable at the end of 9 years? Use a nominal rate (monthly…

A: Present value is a financial concept used to measure the present value of money in the future and to…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded…

A: The deposit amount can be calculated with the help of future value of annuity due function

Q: You deposit $175,000 in a savings account. The APR (Annual Percentage Rate) is 6%. Calculate the…

A: Effective Annual Rate(EAR) shows net rate which an investment will yield after considering…

Q: Use up to 6 decimal places during solving for the answer. Write all numerical final answers round…

A: Data given: Amount=32,195 ROR= 0.13 (compounded semi-annually) N=3 years   Working Note #1 ROR…

Q: Determine how much is in the account on the basis of the indicated compounding after the specified…

A:

Q: What is the present value of a $20,000 lump sum that you will receive three years from now and that…

A: Future value (F) = $20,000Semiannual interest rate (r) = 0.025 (i.e. 0.05 / 2)Semiannual period (n)…

Q: Find the sum of money that accumulates to $1338.98 at 7.9% compounded quarterly in two years, ten…

A: According to the concept of present value, the amounts of money today are worth more than equivalent…

Q: Using either logarithms or a graphing calculator, fnd the time  required for each initial amount to…

A: Principal = $4500 Annual interest rate = 3.6% = 0.036 Number of compounding periods per year =12…

Q: What is the present value of a $25,000 lump sum that you will receive three years from now and that…

A: Lumpsum amount to be received, FV is $25,000 The interest rate is 4% Compounded semi-annually The…

Q: How much will deposits of $270 made at the end of each 6 months amount to after 5 years if interest…

A: Compound = Semiannually = 2Future Value = fv = $270Time = t = 5 * 2 = 10

Q: Calculate the compound amount. Use the Compound amout formula and calculator ( round your answer to…

A: Given information: Principal (P) = $7,600 Rate of interest (r) = 7% Time period (t) = 10 years

Q: If $6000 is deposited at the end of each half year in an account that earns 6.5% compounded…

A: The value of money refers to the concept that the value of money changes over time due to various…

Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

A:

Q: Use up to 6 decimal places during solving for the answer. Write all numerical final answers round…

A:

Q: If $2500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Annuity is a stream of recurring cashflow at regular interval for fixed period at specific rate.…

Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

A: We know, future value means the amount to be receivable at the maturity after compounded at a…

Q: Find the interest rates earned on each of the following. Round each answer to two decimal places.…

A: The time value of money is an essential financial concept that implies that a dollar amount in one's…

Q: Suppose $2000 is deposited in a saving account that pays interest at an annual rate d 0.40%,…

A: The concept is of calculation of present value when interest rate is compounded continuously. In the…

Q: Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal…

A:

Q: Suppose that $850,000 is invested in a savings account paying 5.25% interest per year. (Round…

A: the given information  amount = $850,000 interest rate = 5.25%

Q: Find the time required for $5000 to be equal to $14,000 when deposited at 4% compounded monthly.…

A: The concept of time value of money will be used here.   Money deposited or invested today grows in…

Q: ASAP please. Use up to 6 decimal places during solving for the answer. Write all numerical final…

A: In the above question we are given: Present value of investment=32195 Rate=0.13 Number of years=3…

Q: Ten Thousand dollars is deposited into a savings account at 1.8% interest compounded monthly. How…

A: Using TVM Solver: (i) 10,000 +/- PV 1.8 i/y 10,665.74  FV CPT N = 3.61 It takes 3.61 months for…

Q: What principal will have a future value of $6051.00 at 5.1% in two months? The principal is S Round…

A: Future value (F) = $6051 Interest rate (r) = 5.1% Period (t) = 2 Months = 2/12 = 0.166666666666667…

Q: Use the compound interest formula to compute the balance in the following account after the stated…

A: We need to use compound interest formula to calculate balance in the account after 14 years A…

Q: Use the compound interest formula to compute the balance in the following account after the stated…

A: Compound interest is the interest you earn on interest.formula fro compound interest is=A(1+r)twhere…

Q: Percentages need to be entered in decimal format, for instance 3% would be entered as .03 in the…

A: Time value of money (TVM) means that the amount of money received in the present will have more…

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.