What is the accumulated value of periodic deposits of $40 at the beginning of every month for 17 years if the interest rate is 2.41% compounded monthly

Q: What is the future value of a single $5,000 deposit earning 8 percent interest, compounded monthly,…

A: Formula:

Q: At what nominal rate compounded quarterly will payments of P 800 at the beginning of each 3 months…

A: Here, Quarterly Payment is P800 Time Period is 5 years Annuity Type is Annuity Due Borrowed Amount…

Q: What is the accumulated value of periodic deposits of $60 at the beginning of every month for 17…

A: Monthly deposit (P) = $60 Period = 17 Years Number of monthly deposits (n) = 17*12= 204 Interest…

Q: What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is paid in…

A: Semi-annual effective interest rate is calculated as below in the excel:

Q: What is the future worth of a series of equal year-end deposits of $3,000 for 15 years in a savings…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: what is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in…

A: The act in which one person or entity provides funds to another person for defined term and agreed…

Q: How much money would be accumulated in15years for a deposit of $15,000 made at the end-ofyear zero…

A: The formula used as follows:

Q: If a deposit of $100 is made on the first day of each month into an account that pays 6% interest…

A: The compounding method is used to determine the future value of cash that is deposited today. Given;…

Q: What is the accumulated value after 14 years of monthly deposits of $415.00 earning interest at 5.8…

A: Accumulated value, often referred to as the future value, represents the total worth of an…

Q: What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 22…

A: Each deposit (P)=40 Number of quarters (n)= 22 years*4 (quarter in year)= 88 Rate per quarter (I)=…

Q: How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid…

A: Future value refers to the value of a current asset on some future date affected by the interest…

Q: What is the annual interest rate (APR) required for $22,500 to accumulate to $50,000 in 14 years…

A: Future value =Present value (1+r)n 14 years =28 semiannual period

Q: What will deposits of $470.00 made at the end of each month amount to after seven years if interest…

A: FV stands for Future value which refers to value of the current asset at the future date that is…

Q: What is the accumulated value of periodic deposits of $50 at the beginning of every six months for…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a…

Q: hat is the discounted value of deposits of $250.00 made at the beginning of ery three months for…

A: Here we will use the concept of time value of money. As per the concept of time value of money it is…

Q: If you deposit $368.00 into an account paying 15.46% annual interest compounded quarterly, how many…

A: The concept of time value of money will be used and applied here. As per this concept the worth of…

Q: If a credit card charges 1½% interest every month, what are the nominal and effective interest rates…

A: The effective annual rate of interest is the real return on the savings account when the effects of…

Q: Do in excel What uniform annual amount should be deposited each year in order to accumulate…

A: solution future value $2,143.60 Number of period 8 present value  0 annual interest rate…

Q: Suppose that $1,500 is placed in a bank account at the end of each quarter over the next 20 years.…

A: Use the following formula to calculate the effective interest rate (EIR). Where i is the effective…

Q: Suppose that $3000 is deposited in a saving account at the rate of 8% per year. Determine in details…

A: Given data,                 Principal (P)  = $3000             Interest rate (r) = 8% per year…

Q: What amount must be deposited today, if, starting one year from today, you wish to make 15 equal…

A: Given, annual withdrawals $3,450. Number of payments 15. Interest rate is 0%.

Q: Suppose that $ 1,500 is placed into a bank account at the end of each month over the next 8 years.…

A: Annuity refers to the fixed periodic payments which are paid monthly, quarterly, semi-annually or…

Q: What is the future value of $950 paid on the last day of each 6 months for 12 years assuming an…

A: The future value represents the amount which going to be received in the future. The formula used to…

Q: e note has been outstanding 10 months, what is the annual interest rate on that note?

A: Note payable refers to the long term liabilities which reflects the sum value of money a company…

Q: Suppose you take on a loan that is subject to an annual interest rate of 12%, with the interest rate…

A: present value=future value1+rate of interestfrequency of compoundingyear×frequency

Q: What APR rate of interest is required to make your initial deposit of $3,813 grow to $7,006 in 15…

A: The time value of money is a concept in finance that recognizes the idea that money's worth changes…

Q: What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 19…

A: Quarterly deposit (C) = $40Quarterly interest rate (r) = 0.008775 (i.e. 0.0351 / 4)Quarterly period…

Q: If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance…

A: given, pv = $2000 r = 3.6% m =4 n= 6

Q: What is the present value of loan payments of$515made at the end of every month for 3 years and 6…

A: By accounting for the time value of money, present value is a concept in finance that's used to…

Q: at is the present worth and future of P6000 deposited at the end of every month for 4 years if the…

A: The more is compounding more is future value and less is the present value of money due to the fact…

Q: What will deposit of $80 made at the end of each month amount to after 4 years if interest is 4.8%…

A: The formula used as follows:

Stock Market Indices

Stock indexes are used to compare the price fluctuations of a group of stocks of similar companies, which are combined based on a similar industry or a particular market capitalization limit or type of market. The price comparison is based on a pre-determined standard method or indicators. These stock indexes are usually considered a base for comparison of a particular stock, and the performance of that particular company can be easily determined.