years starting 3 years from now for the account to contain $50,000 fifteen Years from now is closest to: Select one: А. 1565 В. 1775 C. 1665 D. 1400

Q: Find the equated date at which the original payments are equivalent to the single payment State your…

A: Duration of payments:The duration of payments refers to the length of time over which payments are…

Q: Question 8 What is the future value of a lump sum of $4,351 invested for 7 years at 5.4 percent…

A: Initial investment (I) = $4,351 Interest rate (r) = 0.054 Period (n) = 7 Years Future value = ?…

Q: What amount three years ago is equivalent to $5,100 on a date 1.5 years from now if money earns 4%…

A: The time value of money(TVM) shows the increase in nominal value of an asset over time because of…

Q: ow much will you have to deposit into an account at the beginning of every 3 months for 20 years if…

A: Time, the value of money refers to the concept used for estimating the value of the present asset at…

Q: The company can purchase the equipment by borrowing $218,000 with a 25- month, 12% installment note.…

A: Journal entry means the primary reporting of the business transactions in the books of accounts.…

Q: What is the interest earned in a savings account after 12 months on a balance of $4000 if the…

A: Since compounding is annually and we have to find the interest earned for 12 months, formula would…

Q: A payment of $400 was made at the end of each year for five years into a savings account. The…

A: Principal amount=Payment per year×Number of years=$400×5=$2,000

Q: Find the accumulated value 16 years after the first payment is made of an annuity on which there are…

A: The payment is $850. The annual rate of return is 4.1%. The payments are made once every two months…

Q: Solve for the unknown number of years in each of the following: Present Value $650 $810 $18,400…

A: Solution: When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Assuming that money is worth 10%, compute the present value of Round answers to the nearest whole…

A: Present value = Amount to be received/paid x Present value factor

Q: 20. How long will it take for $65 to amount to $6500 if invested at 11% compounded monthly? Express…

A: The objective of this question is to find out how long it will take for an investment of $65 to grow…

Q: compounded continuously. Find the amount after 15 years. O a. P148,365.90 O b. P 152,754.20 Oc. P…

A: Future value of amount = A * ( ert - 1) / ( er - 1) where A = Amount invested =P 5,000 e =…

Q: a) Enter your desired amount of money you wish to receive each month while retired = 3 7000 b) Upon…

A: The money as you deposit each month grow to much larger amount due to effect of compounding of…

Q: Contributions of $800 at the beginning of every three months resulted in an RRSP worth $85,000 after…

A: The effective rate of return is the rate at which payments are compounded for the period invested in…

Q: What amount of money deposited 70 years ago at 3% interest would provide a perpetual (i.e. infinite…

A: Perpetual Amount Formula = Annual Amount/ Interest rate  Annual Amount = $ 23,000 Interest Rate = 3%…

Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

A: We need to use compound interest formula to calculate account balance after 6 years A=P(1+i)n where…

Q: You retre at age 67 Your 401(k) retirement plan has a balance of $2.500 000 00 Suppose the account…

A: Monthly withdrawals = $5500 Interest rate = 5% compounded monthly Balance before withdrawal (Month…

Q: Present value of an ordinary annuity. Fill in the missing present values in the following table for…

A: Present Value: It represents the current or present value of the future expected sum of the amount.…

Q: On December 3, 2019 a sum of $36,700.00 was deposited into an account. What would be the future…

A: Present value is a current value, which means that if a company or individual receives money today,…

Q: The future value of $200 received today and deposited at 8 percent compounded semi annually for…

A: Interest Rate = 8% Semi-annually rate = 8%2=0.04 No. of years = 8 Total no. of years =  3 x 2= 6…

Q: How long will it take $47,000 placed in a savings account at 10% interest to grow into $72,000? OA.…

A: Future value of money is the amount of deposit done and amount of compounded interest accumulated…

Q: 10. You deposit $10,000 into an account. Five years later you make annual deposits of $1,000 into…

A: given, PV = $10,000 N = 15  A= $1000 I=4% N=10 YEARS

Q: What is $425 to be received at the end of the year worth on January 1, assuming 6% interest…

A: Amount = Principal*(1+r/n*100)^nt where, r = rate of interest n = no. of period t = no. of year

Q: Edward Lewis borrowed $33,000 on July 1, 2022. This amount plus accrued interest at 7% compounded…

A: Future value = Principal * (1 + Interest rate)^Number of yearsIn this case, principal the is…

Q: A sum of money was invested on December 12, 2021 at 3.7% simple interest pa. When the money was…

A: Simple interest is the interest paid on the amount invested without compounding.

Q: With an interest rate of 4 percent, the present value of $100 received three years from now is…

A: Present Value is the current price of future value which will be received in near future at some…

Q: Round answers to the nearest whole number. 1. $7,000 received 15 years from today. $ 2. The right to…

A: Present value means the present worth of the money to be received or paid in the future…

Q: find the interst periodic deposit 4000 rate .055 time 40 years

A: Assumption:It is assumed that the periodic deposit of $4,000 is compounded annually at the rate of…

Q: Find Simple Interest, A sum of $78000, is invested from March 13 until Dec 20 of the same year at…

A: Simple interest When the daily interest rate is multiplied by the principal amount and by the number…

Q: You invest $800 in an account that pays simple interest of 4% for 5 years. Calculate the amount of…

A: Amount invested(P) = $800 Interest Rate(R) =4% Years(T) = 5 years Interest = P *R *T

Q: Bram Johnson invests $500 at the end of each quarter for 10 years. The account earns 12% interest…

A: Given:

Q: Question content area top Part 1 What sum deposited today at 6​% compounded annually for 15 years…

A: The objective of the question is to find out the present value of a lump sum amount that will yield…

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.