What annual interest rate is required for a debt to grow by 39% in 12 years if interest compounds continuously? Round your answer to the nearest tenth ofa percent.

Q: What is the present value of $8,000 to be received eight periods from today assuming a compound…

A: The present value refers to the value of future cash flows at present. The future value is…

Q: How much must you invest at 12% interest, compounding quarterly, in order to see your investment…

A: The amount of investment can be calculated by discounting the future value using the appropriate…

Q: If you are expecting to get OMR 34595 at the end of 3 years. Calculate its present value if the…

A: Nominal rate of return 9% Compounding Quarterly Effective rate of return ((1+9%/4)^4)-1)…

Q: How many years would it take for a debt of $13,655 to grow into $35,514 if the annual compound…

A: Present value (PV) is used to determine the current worth of future cash flows or payments,…

Q: What per annum nominal interest rate with interest compounded quarterly would be needed to achieve…

A: Compounding refers to the power of doubling the investment by adding interest .Compounding helps in…

Q: A loan for $53,000 is made for 10 years at 8 percent interest and no monthly payments will be due…

A: Time, the value of money describes that the money present today is more valuable than the money will…

Q: How much should an investor pay to receive $12,000 three years (36 months) from now, assuming that…

A: RETURN 9%/12 0.75% NPER (n)  36 PMT 0 FUTURE VALUE 12000     Return= Rate

Q: Suppose a bank offer a loan for 2 years with fixed interest rate 9% per year compounded daily.…

A: Effective annual interest rate(EAR) refers to the actual interest rate which is received on deposits…

Q: How long will an amount of money double at a simple interest rate for 10% per annum?

A: Solution: For money to double we need 100% return on principal Annual return using simple interest =…

Q: ume that time zero is now and the effective interest rate per year is 14%. 1. What is the present…

A: The given problem can be solved using PV function in excel. PV function computes present value for…

Q: At what nominal interest rate will money double in 8 years if interest is compounded quarterly? What…

A: Solution Given Rate of interest                compounded quarterly                 =? Number of…

Q: Suppose a $18,689 loan has an annual compound interest rate of 3.1% with weekly compounding. If the…

A: Details given to us in the question is as follows: Present value of loan =$18689 Interest rate =…

Q: Suppose we are going to make monthly deposits in to an account with an annual interest rate of 4.1%…

A:

Q: 14. Suppose you invest $4000 in a Compound Interest account, at an APR of 3% for 10 years. What is…

A: An interest rate method in which current interest is computed by multiplying the interest rate by…

Q: What value will 10000 TL reach after 15 years at 12% interest rate?

A: Interest is an additional amount which investor earns over the principal amount. At maturity,…

Q: What is the present value of a security that will pay $2,000 at the end of each year for 6 years if…

A: The present value can be calculated as follows if the payments are made at the end : Calculations…

Q: What per annum nominal interest rate with interest compounded quarterly would be needed to achieve…

A: The present value function or concept can be used to determine the present value of a future sum or…

Q: With an interest rate of 15 % how long does it take for an invest- ment to quadruple, if the…

A: Future Value formula with periodic compounding i.e. annual, monthly, semi-annual or quarterly…

Q: Suppose that you can pay 15,000,000 VND per month for the next 30 years. What is the largest loan…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: If Spongebob invests 5,000 annually for 10 years with an interest rate of 8%, how much will the…

A: The formula to be used is:   F = P[({(1 + i)n} - 1)/i]   P = Annual investment  n = Number of…

Q: What is the present value of an investment that pays you $21.96 per month for 11 months if the first…

A: To calculate the present value of an investment with monthly payments, you can use the formula for…

Q: What will be the future worth of series of 15 annual $100 payments if the nominal annual interest…

A: An interest rate method in which current interest is computed by multiplying the interest rate by…

Q: What is the present value of aperpetuity of $50 per year if theannual interest rate is 10% andthe…

A: The objective of this question is to calculate the present value of a growing perpetuity. A…

Q: How many years would it take for a debt of $11,360 to grow into $14,239 if the annual interest rate…

A: The concept of TVM refers to the interest-earning capacity of money which makes money earned earlier…

Q: . A sum of $145,000 is invested now and left for 8 years, at which time the principal is withdrawn.…

A: As there is more compounding more is effective interest rate and more is for monthly compounding.…

Q: If you are expecting to get OMR 41661 at the end of 3 years. Calculate its present value if the…

A: Given: Future value =OMR 41661Interest rate =9%4=0.0225No. of periods =3 ×4 =12

Q: What is the present worth of a uniform series of 10 payments that begin one year from now in the…

A: Present Value is the amount of money's worth on the present day which to be received/paid in future,…

Q: What annual interest rate (APR) would cause $1,500 to grow to $2000 in 4 years when compounding is…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: In this problem: How much is the present value of monthly deposits of 500 in 8 years if the interest…

A: The present value of the amount represents the current value of the future cash flows. The…

Q: What is the future value of a constant income stream of $20,000 per year in 6 years from now given a…

A: Given information: Constant income stream of $20,000 Number of years is 6 Interest rate is 3.5%

Q: What is the future value of $2,425 per year for 13 years at an interest rate of 6.57%? MUST USE…

A: Here amount is deposited each year which is a uniform series of deposits called annuity . We will…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.