What principal deposited 3 years ago will grow to $40,463.09 in 2 years and 8 months from now if money grows at 2.34% compounded semi-annually?   i need  present vlaue and N for this.

Q: The desired accumulated amount is ​$70,000 after 11 years invested in an account with 7.4​% interest…

A: We will use the concept of time value of money here. As per this concept the worth of money changes…

Q: I need the correct process .i have underlined the correct answer In an account, Steve Watson…

A: Current amount (P)=$100000 Rate of interest ( r ) =7% (semi-annual compounding) Future amount (FV)…

Q: how much money would you need to put aside at the beginningmof each month for the next 30 years in…

A: Calculate the monthly payment as follows:MS-Excel --> Formulas --> Financials --> PMT

Q: A firm is scheduled to receive payment of $32,000 in 1 year. What is the present value of this…

A: To calculate the present value of payment that will receive after 1 year we will use the below…

Q: A firm is scheduled to receive payment of $32,000 in 2 years. What is the present value of this…

A: To calculate the present value we will use the below formula   Present value = FV/[1+(r/m)]n*m Where…

Q: i need solution

A: The problem is asking us to find the present value of a continuous stream of income over 4 years.…

Q: Compute the present value of $199,500 that is invested for 6 years and 9 months at 2.45% compounded…

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

Q: Determine the principal P that must be invested at rate r = 3%, compounded monthly, so that $700,000…

A: Future value (FV) = $700,000 Interest rate = 3.50% Monthly interest rate (r) = 3.50%/12 =…

Q: How much money would have to be deposited every quarter if acompany wants to have 75,000 at the end…

A: The present value of annuity with continuous compounding can be calculated using this formula,

Q: Suppose we put $15000 into an account earning 3% interest compounded continuously. How long will it…

A: NPER stands for number of years or periods which is needed to clear or to pay off the loan amount at…

Q: You want to have $15,000,000 in an account exactly 25 years from today. You will make equal…

A: First we need to calculate future value of annuity by using equation below. Where FV= future value…

Q: Determine the principal that p at rate must be invested r = 3°, companded monthly, so that $500,000…

A: Principal = Future Value / (1 + r)^n

Q: 3.15 (LG 3.5) What is the present worth of the total of 20 payments, occurring at the end of every…

A: It is given that: First payment - $400 Increasing by $100 Total no of payment – 20 Interest rate –…

Q: If I invest P10,387 today and expect a reimbursement every 6 months with a rate of 11.54% compounded…

A: Total Investment = P10,387 Interest Rate = 11.54% Compounded Semi-Annually = 2 Total no. of years =…

Q: 4. How much must we invest at present in order to pay a series of recurring $1000 expenses which…

A: The PV of an investment refers to the combined value of the cash flows assuming that they are…

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: You are considering the following 3 investments, each with an upfront cost of $45,000 today. Which…

A: The present value of the future money to be received in the future based on the interest rate and…

Q: Suppose I just opened an account today, and it has a $0 balance.  Starting next month I will make…

A: Data given: FV= $ 1,000,000 Interest rate= 9% compounded monthly Interest rate per month=…

Q: with a 0.07 compounded semi annually approximately how much money must be invested today in order to…

A: For ascertaining the amount to be invested today, following formula shall be used: = Amount required…

Q: What is the future value at the end of year 2 of an income stream that starts out at $2400 per month…

A: Monthly Payout = 2400 Decreases by 75 Monthly Compounding Number of compounding periods = 12 Time…

Q: 4. How much should be invested today in order to obtain P200,000 in five years at 6.5% compounded…

A: The amount required to invest today can be calculated with the help of present value equation.

Q: Ezample 1. - Find the compound amount after 1 year if $100 is in vested at the rate 8%, compounded…

A: The rate per conversion is 0.015. The original principle is $100 At the end of 3 months $1.5…

Q: Two payments of $18,000 and $2,200 are due in 1 year and 2 years, respectively. Calculate the two…

A: Compounding refers to the power of increasing the interest on the total investment . It actually…

Q: You are saving for retirement. You hope to haye $1,000,000 accumulated in 35 years, making equally-…

A: It can be calculated using PMT(rate, nper, pv, [fv], [type])   Rate The interest rate for the loan.…

Q: What principal deposited 3 years ago will grow to $24,939.86 in 5 years and 4 months from now if…

A: Present value refers to the current value of all future cash flows and the annuity amount discounted…

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: If you contribute $1000.00 into an RRSP every six months for fifteen years and interest on the…

A: GIVEN, pmt =$1000 NPER = 15 X 2 =30 RATE = 8%2=4% PV=0

Q: If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5%…

A: Quaterly deposit is $1000 Time period is 15 years Interest rate is 1.5%   To Find: Future Value

Q: How much must be invested today at 6% compounded quarterly to have $8,000 in 5 years? Round your…

A: For the above calculation, we need to use the following formula   A = P ( 1 + r / n )^nt   Where  A…

Q: you wish to receive incresing quater-end payments with 3.7% growth -rate quater for the next 3…

A: Quarter End Payments First Quarterly Payment = 540 Time Period = 3 years * 4 = 12 quarters or 36…