How much will you have in an account after 25 years if you put $2000 per month in the account earns 9% compounded monthly? b. How much will you have after 25 years if you put $2000 per month in the account that instead earns 10% compounded monthly?

Q: Jack borrowed $10,000 from Mr. Jill on July 11, 2018 and promised to pay it by December 21, 2018.…

A: Given the borrowed amount = $10000 Interest rate = 15% Total number of days between the given months…

Q: Two payments of $13,000 and $6,600 are due in 1 year and 2 years, respectively. Calculate the two…

A: Given; Payment due in year 1= $13000Payment due in year 2= $6600Interest rate= 5.5%Interest rate in…

Q: If you are investing your money, which is better? 13% compounded quarterly 13% compounded…

A: The answer is given below

Q: In one instance, a financial institution loaned you $60,000 for two years at an APR of 5.75% for…

A: First instance: Given , Principal = $60000 APR = 5.75% Time period = 2 years Thus, simple interest =…

Q: Hunan bought a car priced at $15,800 for 15% down and equal monthly payments for four years. If…

A: Monthly payments refers to a borrower pays down some of the outstanding balance with interest and…

Q: What is the present value of a $750 payment when interest is 6.75% in 2 years?     $657.90…

A: we have interest in two years = 6.75% = 0.0675 we have formula for present value of the annuity as…

Q: You won a prize in a contest! There are two choices: take the $500 prize today or wait one year and…

A:

Q: What is the accumulated  value at the end of 10 years if P1k is invested at 12% compounded…

A: Interest can be defined as the amount paid in excess of the principal amount by the borrower to the…

Q: Gracie bought a CD for $810 that earns a 2.9% APR and is compounded quarterly. The CD matures in 5…

A: Given that, Present Worth (PW) = $810 rate = 2.9% or 0.029 (compounded quarterly) Time(t) = 5year

Q: A man borrowed P 1,000 which will be paid after 10 years at an interest rate of 12% compounded…

A: In order to solve the above problem we use the following formulas and logic:  1. We find the future…

Q: A business man borrowed P 200,000 and agrees to pay P 47,719.73 annually for X years at the rate of…

A: Given  Borrowed amount P=200,000 Annual payment A= 47,719.73 number of years =X rate of interest =…

Q: You are buying a home for $500,000. If you make a down payment of $80,000and take out a mortgage on…

A: Mortgage amount and number of years can be calculated as follows:

Q: Which method is the best for an investor, to invest at 8% compounded monthly or 8% compounded…

A: The compounding period is important in determining the interest earned on an investment. The more…

Q: Determine the present worth of annuity consisting of 6 payments of 120,000 each payment are made at…

A: Annuity: An annuity could be a series of payments, or cash flows, paid at regular intervals (e.g.,…

Q: Lin is wants to earn an amount of $31350. She heard that ABC Bank is accepting investments to be…

A: Interest rate = 3.7% Present value of amount that Lin has = $4214 Future value = $31350

Q: A company plans to place money in a new venture capital fund that currently returns 13.05% per year,…

A: The effective annual rate gives you the actual return as it reflects the actual annual return of the…

Q: The interest rate is 12% compounded quarterly. Which of the following is true?   a The effective…

A: Effective Interest Rate (r)=(1+in)n - 1                                             = (1+ 0.124)4 -…

Q: A man deposits P 1,000 at the end of each month for 3 years at a nominal rate of 12% compounded…

A: Given monthly deposit = 1000 P Time = 3 years Interest rate = 12 %

Q: You have deposited your $20000 lottery winnings in an account that pays 8%interest compounded…

A:

Q: A businessman expects to receive P20, 000.00 in 10 years. How much is that money worth now…

A: Given information is: Future value (FV)= P20,000 Interest rate (r)= 6% Compounded period (m)= 4 in…

Q: account today that earns 5.5% interest compounded monthly if you want to have $1500 saved in 2 years

A:

Q: How much must be deposited at the beginning of each year in an account that pays 5%, compounded…

A: The compound interest formula is given as: A=P(1+r)t Where,  A is the final amount compounded on an…

Q: A person deposits a sum of $20,000 at the interest rate of 18% compounded annually for 10 years.…

A: Given information: Deposit amount = $20000 Interest rate = 18% Time period = 10 years

Q: A bond with a face value of $5,000 pays quarterly interest of 3 5 percent each period Thirty-four…

A: Quarterly coupon (C) = 3.5% of $5000 = $175 First coupon payment is due now, hence n = 33 r = 8% per…

Q: Mr. Edwards borrowed P 200,000 and agrees to pay P X annually for 5 years at the rate of 6%…

A: Amount Borrowed = 200000 Annual Payment = x n = 5 r = 6%

Q: Which of these gives the lowest effective rate of interest? a. 12.35% compounded annually b. 11.90%…

A: Given a. 12.35% compounded annually      Amount = p[1+r/100]^n Where A = Total amount             P…

Q: If you had BD 4,500 now and invested at 13% interest compounded annually, how much would it be worth…

A: Investment Amount = 4500 r = 13% n = 8

Q: Calculate the future worth of 20 annual $4,000 deposits in a savings account that earns 8%…

A: Given information Value deposits at present = $4,000 Interest rate = 8% Time period=20

Q: How much should I expect a lump sum from a deal at the end of 3 years if I start investing today at…

A: *answer:  Given, Annuity =5879 Time(n) = 3 x 4 quarters=12 quarters Interest (r) =0.09 compounded…

Q: If you invest $7,000 at 12% compounded continuously, approximately how much will it be worth in 3…

A: Amount is compounded continously with initial value of $7000 at 12% interest for 3 years

Q: How much money will be in a bank account at the end of 15 years if $100 is deposited to day and the…

A: From given information we have to calculate the amount that will be in bank account after 15 years…

Q: Jamie saves P4000 every three months in a bank that pays 0.85 compounded monthly. How much will be…

A: Given: The principal amount is = P4,000 The interest rate is = 0.85% compounded monthly Time period…

Q: Suppose that ​$5,000 is placed in a bank account at the end of each quarter over the next 9 years.…

A: GIVEN   P = $5000 No. of periods (n)= 9*4 = 36 compounded = 14%

Q: Find the present worth of a future payment of P100,000 to be made in 10years with an interest of 12%…

A: Future value of the amount is 100000 and is compounded quarterly for 10 years.

Q: company borrowed $100000 from a bank at an interest rate of 10% compounded monthly. The loan will be…

A: This annuity problem where equal payment will be made across the 36 periods to payoff the loan…

Q: IF you wanted to accumulate $800,000 for your retirement 30 years from now, by how much would you…

A: Formula:  A= P * (1 + r / n) (n*t)  N is time period i.e.., 12months R is interest rate  T is total…

Q: A company borrowed $200,000 at an interest rate of 8% compounded annually over six years. The loan…

A: The company borrowed the amount which is equal to $200,000 and it is given that the rate of interest…

Q: Money borrowed today is to be paid in 5 equal payments at the end of each quarter. If the interest…

A: Given: The quarterly payment is = ₱ 21,293 The interest rate is = 3% compounded quarterly Money to…

Q: Find the present value of a $50,000 annuity payable each three months for ten  years but deferred…

A: Given that, Payment at the end of period (R) = $50,000 Periodic rate (i) = 0.12/3 = 0.04 as there…

Q: Twenty years from now, Angelo plans to buy a new motorbike worth BD10,000. The current rate of…

A: FV = 10,000 r = 8% n = 20

Q: A businessman borrowed P 200,000 and agrees to pay P 47,720 annually for x years at the rate of 6%…

A: The formula to compute continuously compounded interest is as follows: P(t)=P0ert where P(t) = Value…

Q: Suppose you put $20,000 in an investment account today that earns 3% per year (compounded annually),…

A: a. Principle  P = $20,000 Interest     i = 3% per year Time          t = 10 Years Amount     A = ?…

Q: You invested $24031 for 13 years at 4.89% per annum. How much more would you receive at the end of…

A: Interest refers to the amount paid in excess of the principal amount by the borrower to the lender.…

Q: How much is accumulated in each of the savings plans over two years? a. Deposit €1300 today at 10…

A: Compounded annually formula: A = P (1 + r)t Where A is the future value P is the principal amount…

Q: If $10,000 is invested in an account at United Mutual fund for 18 years, earning 10% compounded…

A: The future value of an investment is the compounded value of the investment which is compounded on…

Q: You are making $5.000 monthly deposits into a fund that pays inte rest at a rate of 6% compounded…

A:

Q: A 16-year annuity pays $1,300 per month, and payments are made at the end of each month. The…

A: Here we calculate the present value of the annuity by using the given information , so the…