Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

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Answer 1

Question

Chapter G, Problem 1BE

To determine

Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

Expert Solution & Answer

Explanation of Solution

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. The following formula is used to calculate the future value of an amount:

Future value of an amount = Present value×(1+ Interest rate)Number of periods

Step 1: Calculate the amount of simple interest.

Simple interest =( Principal amount×Interest rate× Number of periods)=($6,000×5%×12 years)=$3,600

Step 2: Calculate the accumulated amount.

Accumulated amount = (Invested amount + Interest amount)=($6,000+$3,600)=$9,600

Therefore, the accumulated amount withdraw by J is $9,600.

J invested $6,000 at 5% interest rate for 12 years. He withdrew the accumulated amount of money after 12 years. In that, he earned the interest amount of $3,600 from the investment (using simple interest method). Therefore, the accumulated amount withdraw by J is $9,600.

The future value of the amount is determined as follows:

Future value of an amount=( Invested amount × Future value of 12thyear at 5%interest (future value factor))=$6,000×1.79586=$10,775.16

J invested $6,000 at 5% interest rate for 12 years. If the interest amount compounded annually then the future value of a 12^th year at 5% interest would be 1.79586 (Refer table 1 for the future value of money). Therefore, the amount earn by J is $10.775.16. Therefore, the future value of an amount is $10.775.16.

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Answer 1 and 2 please!!! here is the data you needf: Month Monthly Product Demand 2021-01-01 100.32 2021-02-01 102.57 2021-03-01 103.32 2021-04-01 104.45 2021-05-01 108.78 2021-06-01 110.10 2021-07-01 112.99 2021-08-01 113.27 2021-09-01 108.22 2021-10-01 107.20 2021-11-01 114.90 2021-12-01 117.88 2022-01-01 104.92 2022-02-01 112.06 2022-03-01 112.56 2022-04-01 109.18 2022-05-01 111.41 2022-06-01 112.62 2022-07-01 122.41 2022-08-01 124.90 2022-09-01 111.65 2022-10-01 115.37 2022-11-01 120.23 2022-12-01 120.64 2023-01-01 106.34 2023-02-01 115.43 2023-03-01 119.18 2023-04-01 110.58 2023-05-01 112.89 2023-06-01 117.91 2023-07-01 123.61 2023-08-01 128.75 2023-09-01 117.18 2023-10-01 124.42 2023-11-01 128.22 2023-12-01 121.14 2024-01-01 108.70 2024-02-01 120.23 2024-03-01 130.26 2024-04-01 115.35 2024-05-01 116.74 2024-06-01 128.81 2024-07-01 130.88 2024-08-01 132.19 2024-09-01 129.45 2024-10-01…

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Answer 2

Question

Chapter G, Problem 1BE

To determine

Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

Expert Solution & Answer

Explanation of Solution

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. The following formula is used to calculate the future value of an amount:

Future value of an amount = Present value×(1+ Interest rate)Number of periods

Step 1: Calculate the amount of simple interest.

Simple interest =( Principal amount×Interest rate× Number of periods)=($6,000×5%×12 years)=$3,600

Step 2: Calculate the accumulated amount.

Accumulated amount = (Invested amount + Interest amount)=($6,000+$3,600)=$9,600

Therefore, the accumulated amount withdraw by J is $9,600.

J invested $6,000 at 5% interest rate for 12 years. He withdrew the accumulated amount of money after 12 years. In that, he earned the interest amount of $3,600 from the investment (using simple interest method). Therefore, the accumulated amount withdraw by J is $9,600.

The future value of the amount is determined as follows:

Future value of an amount=( Invested amount × Future value of 12thyear at 5%interest (future value factor))=$6,000×1.79586=$10,775.16

J invested $6,000 at 5% interest rate for 12 years. If the interest amount compounded annually then the future value of a 12^th year at 5% interest would be 1.79586 (Refer table 1 for the future value of money). Therefore, the amount earn by J is $10.775.16. Therefore, the future value of an amount is $10.775.16.

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Answer 3

Question

Chapter G, Problem 1BE

To determine

Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

Expert Solution & Answer

Explanation of Solution

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. The following formula is used to calculate the future value of an amount:

Future value of an amount = Present value×(1+ Interest rate)Number of periods

Step 1: Calculate the amount of simple interest.

Simple interest =( Principal amount×Interest rate× Number of periods)=($6,000×5%×12 years)=$3,600

Step 2: Calculate the accumulated amount.

Accumulated amount = (Invested amount + Interest amount)=($6,000+$3,600)=$9,600

Therefore, the accumulated amount withdraw by J is $9,600.

J invested $6,000 at 5% interest rate for 12 years. He withdrew the accumulated amount of money after 12 years. In that, he earned the interest amount of $3,600 from the investment (using simple interest method). Therefore, the accumulated amount withdraw by J is $9,600.

The future value of the amount is determined as follows:

Future value of an amount=( Invested amount × Future value of 12thyear at 5%interest (future value factor))=$6,000×1.79586=$10,775.16

J invested $6,000 at 5% interest rate for 12 years. If the interest amount compounded annually then the future value of a 12^th year at 5% interest would be 1.79586 (Refer table 1 for the future value of money). Therefore, the amount earn by J is $10.775.16. Therefore, the future value of an amount is $10.775.16.

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Answer 4

Question

Chapter G, Problem 1BE

To determine

Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

Expert Solution & Answer

Explanation of Solution

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. The following formula is used to calculate the future value of an amount:

Future value of an amount = Present value×(1+ Interest rate)Number of periods

Step 1: Calculate the amount of simple interest.

Simple interest =( Principal amount×Interest rate× Number of periods)=($6,000×5%×12 years)=$3,600

Step 2: Calculate the accumulated amount.

Accumulated amount = (Invested amount + Interest amount)=($6,000+$3,600)=$9,600

Therefore, the accumulated amount withdraw by J is $9,600.

J invested $6,000 at 5% interest rate for 12 years. He withdrew the accumulated amount of money after 12 years. In that, he earned the interest amount of $3,600 from the investment (using simple interest method). Therefore, the accumulated amount withdraw by J is $9,600.

The future value of the amount is determined as follows:

Future value of an amount=( Invested amount × Future value of 12thyear at 5%interest (future value factor))=$6,000×1.79586=$10,775.16

J invested $6,000 at 5% interest rate for 12 years. If the interest amount compounded annually then the future value of a 12^th year at 5% interest would be 1.79586 (Refer table 1 for the future value of money). Therefore, the amount earn by J is $10.775.16. Therefore, the future value of an amount is $10.775.16.

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Answer 5

Chapter G, Problem 1BE

To determine

Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

Expert Solution & Answer

Explanation of Solution

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. The following formula is used to calculate the future value of an amount:

Future value of an amount = Present value×(1+ Interest rate)Number of periods

Step 1: Calculate the amount of simple interest.

Simple interest =( Principal amount×Interest rate× Number of periods)=($6,000×5%×12 years)=$3,600

Step 2: Calculate the accumulated amount.

Accumulated amount = (Invested amount + Interest amount)=($6,000+$3,600)=$9,600

Therefore, the accumulated amount withdraw by J is $9,600.

J invested $6,000 at 5% interest rate for 12 years. He withdrew the accumulated amount of money after 12 years. In that, he earned the interest amount of $3,600 from the investment (using simple interest method). Therefore, the accumulated amount withdraw by J is $9,600.

The future value of the amount is determined as follows:

Future value of an amount=( Invested amount × Future value of 12thyear at 5%interest (future value factor))=$6,000×1.79586=$10,775.16

J invested $6,000 at 5% interest rate for 12 years. If the interest amount compounded annually then the future value of a 12^th year at 5% interest would be 1.79586 (Refer table 1 for the future value of money). Therefore, the amount earn by J is $10.775.16. Therefore, the future value of an amount is $10.775.16.

Answer 6

Chapter G, Problem 1BE

To determine

Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

Expert Solution & Answer

Explanation of Solution

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. The following formula is used to calculate the future value of an amount:

Future value of an amount = Present value×(1+ Interest rate)Number of periods

Step 1: Calculate the amount of simple interest.

Simple interest =( Principal amount×Interest rate× Number of periods)=($6,000×5%×12 years)=$3,600

Step 2: Calculate the accumulated amount.

Accumulated amount = (Invested amount + Interest amount)=($6,000+$3,600)=$9,600

Therefore, the accumulated amount withdraw by J is $9,600.

J invested $6,000 at 5% interest rate for 12 years. He withdrew the accumulated amount of money after 12 years. In that, he earned the interest amount of $3,600 from the investment (using simple interest method). Therefore, the accumulated amount withdraw by J is $9,600.

The future value of the amount is determined as follows:

Future value of an amount=( Invested amount × Future value of 12thyear at 5%interest (future value factor))=$6,000×1.79586=$10,775.16

J invested $6,000 at 5% interest rate for 12 years. If the interest amount compounded annually then the future value of a 12^th year at 5% interest would be 1.79586 (Refer table 1 for the future value of money). Therefore, the amount earn by J is $10.775.16. Therefore, the future value of an amount is $10.775.16.

Answer 7

Chapter G, Problem 1BE

To determine

Determine the accumulated amounts withdraw by J. Calculate the future value of a single amount (if the interest compounded annually).

Answer 8

Expert Solution & Answer

Explanation of Solution

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. The following formula is used to calculate the future value of an amount:

Future value of an amount = Present value×(1+ Interest rate)Number of periods

Step 1: Calculate the amount of simple interest.

Simple interest =( Principal amount×Interest rate× Number of periods)=($6,000×5%×12 years)=$3,600

Step 2: Calculate the accumulated amount.

Accumulated amount = (Invested amount + Interest amount)=($6,000+$3,600)=$9,600

Therefore, the accumulated amount withdraw by J is $9,600.

J invested $6,000 at 5% interest rate for 12 years. He withdrew the accumulated amount of money after 12 years. In that, he earned the interest amount of $3,600 from the investment (using simple interest method). Therefore, the accumulated amount withdraw by J is $9,600.

The future value of the amount is determined as follows:

Future value of an amount=( Invested amount × Future value of 12thyear at 5%interest (future value factor))=$6,000×1.79586=$10,775.16

J invested $6,000 at 5% interest rate for 12 years. If the interest amount compounded annually then the future value of a 12^th year at 5% interest would be 1.79586 (Refer table 1 for the future value of money). Therefore, the amount earn by J is $10.775.16. Therefore, the future value of an amount is $10.775.16.