What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded monthly at the end of 10 years Deposited amount = (2 decimal places only, rounded off, if whole number, no need to add 00)

Q: 7 is invested at the end of each 6 months for 6 equal payments at 0.27 compounded semi - annually.…

A: Given information : Periodic investment  $  1,287.00 Interest rate 27% Total installments 6…

Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following…

A: First deposit = P 1000 Annual increase = P 500 Period = 4 Years Annual interest rate = 10%

Q: Find the compound amount for the following deposit. $19,000 at 6% compounded quarterly for 9 years.…

A: The compound interest function works on the principle that the interest earned per compounding…

Q: At what effective annual rate of interest i will a payment of $7,000 accumulate to $8,179.57 in 4…

A: An effective annual rate is defined as the rate of an interest, which is actually earned on…

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: You agreed to make equal payments of 28,191 at the beginning of each months to discharge a debt due…

A:

Q: What payment, made at the end of each year for 11 years, will accumulate to $14,500 at 6% compounded…

A: Here the effective annual rate (ear) will be computed first.EAR = (1+(given rate/m))^m-1Given rate…

Q: A debt of $1881 with interest at 9.34% compounded monthly is to be repaid by equal payments at the…

A: Given: Debt 1881 Interest rate 9.34% Years 5

Q: You make $9,300 annual deposits into a retirement account that pays an APR of 9.9 percent compounded…

A: The FV of an account refers to the cumulative value of cash flows at a fixed future date assuming…

Q: How much interest (in dollars) is earned in 9 years on $8,500 deposited in an account paying 5%…

A: Future value (FV) refers to the amount of money that an investment will be worth at a future point…

Q: How much must be deposited at the end of every six months for 5 years to accumulate to $2171.00 at…

A: Given information: Future value is $2,171.00 Interest rate is 5% compounded semi-annually, Number of…

Q: Find the compound amount for the following deposit. $16,000 at 5% compounded quarterly for 10 years.…

A: The future value (FV) of an investment is the value of the investment at a future point in time,…

Q: Mark Welsch deposits $7,000 in an account that earns interest at an annual rate of 12%, compounded…

A: To calculate how much money will be in Mark Welsch's account at the end of 1 year with an initial…

Q: What it the amount in an account after 3 years if $200 is deposited each quarter into the account,…

A: Compound = Quarterly Time = t = 3 * 4 = 12 quarter Payment = p = $200 Interest rate = r = 7 / 4 =…

Q: investment, what nominal rate of interest, compounded semi-annually must you earn?

A: Information Provided: Principal = $26,000 Years = 13 Semiannual payments to be received = $1700

Q: final amount of money in the account if $1200 is deposited at

A: Compounding quarterly can be considered as the interest amount which is earned quarterly on an…

Q: How much can be accumulated for retirement if OMR2,000 is deposited annually, beginning one year…

A: Future value of annuity concept helps to find the accumulated amount in the account at the end of 40…

Q: How much must be deposited at the end of each month for 7.75 years to accumulate to $1264.00 at 7%…

A: The given problem can be solved using PMT function in excel. PMT function computes savings/…

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: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: Find the compound amount for the deposit and the amount of interest earned. $8900 at 8.7% compounded…

A: Future value is the estimated value of current assets that is discounted at an assumed rate of…

Q: How much must be deposited at 12% each year beginning on January 1, year 1, in order to accumulate…

A: Discount Rate = 12% Future Value = P10,000 Number of Deposit = 9

Q: At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded…

A: Quarterly deposits (D) = P36,000 Interest rate = 6% Quarterly interest rate (r) =…

Q: Find the compound amount for the deposit and the amount of interest earned. $6700 at 3% compounded…

A: The amount that you invest today gets compounded. This happens because compound interest is computed…

Q: If $4,354 is invested at the end of each year for 7 years at 0.05 compounded annually. What is the…

A: Total dollar amount available upon the deposit of the 7th payment = P{[(1 + r)^n - 1] / r}

Q: $ 143 is placed in an account that earns a nominal 8 percent interest, compounded quarterly.…

A: Initial Deposit (IV) = $143 Interest rate = 0.08 Quarterly interest rate (r) = 0.02 (i.e. 0.08 / 4)…

Q: what is the balance in an account at the end of 10 years if 5,000 is deposited today at the account…

A: The  following formula is to be used in order to find out the balance in  account A =P[1+r/n]nt…

Q: $ 5000 is deposited in an account that earns 6% compounded continuously for 2 years. If this amount…

A: Using excel FV function

Q: If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for…

A: Nominal interest rate is the rate of return without considering the inflation rate or before…

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: Find the final amount of money in an account if $5,300 is deposited at 6.5% interest compound semi…

A: Initial deposit (I) = $5,300Semiannual interest rate (r) = 0.0325 (i.e. 0.065 / 2)Semiannual period…

Q: An amount of $8,430 is deposited into an account earning 7% interest compounded quarterly. How much…

A: There are different types of accounts which an individual can open in a bank. It can be a savings…

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.