Question

**How many years does it take for $1,000 grow to be $1,500, if interest rate is 12% compounded monthly?**

BGN or END MODE ( choose one ) P/Y =

N= ?

I/Y=

PV=

PMT=

FV=

CPT , N =

Can you explain how you computed it for compunded monthly.

**2. How many years does it take for $1,000 to grow to be
$1,500, if interest rate is 12%?**

BGN or END MODE ( choose one ) P/Y =

**N= ?**

**I/Y=**

**PV=**

**PMT=**

**FV=**

**CPT , N=**

**3. What is the value of a three-year $100 annuity due
after 3 years if interest rate is 26% compounded
quarterly?**

BGN or END MODE ( choose one ) P/Y =

N=

I/Y=

PV=

PMT=

FV=

CPT ,

4. What is the PV of a five-year $100 annuity due if interest rate is 26% compounded semi-annually?

BGN or END MODE ( choose one ) P/Y =

N=

I/Y=

PV=

PMT=

FV=

CPT,

5. **What is the current value of a five-year $100 annuity
if interest rate is 26% compounded annually?**

BGN or END MODE ( choose one ) P/Y =

N=

I/Y=

PV=

PMT=

FV=

CPT,

6. **What is the PV of a five-year $100 annuity if
interest rate is 26% compounded semi-annually?**

BGN or END MODE ( choose one ) P/Y =

N=

I/Y=

PV=

PMT=

FV=

CPT,

Answer #1

As per rules I am answering the first 4 subparts of the question

END MODE

P/Y = 12

N= ?

I/Y= 12

PV= -1000

PMT=0

FV=1500

CPT ,

N = 40.74890716

It will take 40.75 months or 3.3957 years.

Monthly compounding is done by entering P/Y=12

**2.**

END MODE

P/Y =1

N= ?

I/Y= 12

PV=-1000

PMT=0

FV=1500

CPT ,

N= 3.577780039

It will take 3.58 years.

**3.**

END MODE

P/Y =4

N= 3

I/Y= 26

PV= 0

PMT=-100

FV=?

CPT ,

FV= 1737.07

4.

END MODE

P/Y = 2

N= 5

I/Y= 26

PV= ?

PMT= -100

FV= 0

CPT

PV= 542.62

2. Mr. and Mrs. Rich are interested in
purchasing an annuity that will pay them $2,500.00 per month
starting next month for 25 years. If the best rate of return that
they could get is 4.65% compounded semi-annually, calculate using
both the algebraic and the calculator method,
a) how much should they pay now for this
annuity?
P/Y
C/Y
N
I/Y
PV
PMT
FV
b) Calculate the total interest paid over the
term of the annuity....

How long will it take (in years and months),
for $400 to double in value, if it earns interest
at 3.13% compounded semi-annually.
Round N to the next higher value (e.g. N = 123.2 becomes N = 124),
and round the month to the next higher month (e.g. 7.1 becomes 8).
Years must be an integer. If years is an
exact integer such as 17 years 0
months, a zero must be entered for
months.
I/Y =
%
P/Y =...

1. Julia purchased an investment grade gold coin today for
$375,000. She expects it to increase in value at a rate of 4.5%
compounded annually for the next 6 years. How much
will the coin be worth at the end of the sixth year?
N
I/Y
PV
PMT
FV
2. Moon has been investing $2,500 quarterly for the past 10
years in an equity mutual fund. How much is the fund worth now
assuming she has earned 8.5% compounded...

3. George contributed $3500 per year for seven years into an
RRSP account earning 5.94% compounded semi-annually.
After the seven years, he stopped the
contributions, but left the money in the RRSP for another five
years, still at 5.94% compounded semi-annually.
a) How much does George have in his account at the end of this
twelve year period?
b) How much interest was earned over the 12 year period?
*Please use financial calculator method and show the
values being entered...

On October 1, 2013, Justine Company purchased equipment from
Napa Inc. in exchange for a noninterest-bearing note payable in
five equal annual payments of $500,000, beginning Oct 1, 2014.
Similar borrowings have carried an 11% interest rate. The equipment
would be recorded at: the answer is 1847950. my question is, to
solve this question you use the beginning mode on your calculator
and you plug in pmt= 500k, n=5, i/y= 11, fv=0 and CPT PV. however,
when I plug the...

Include the values you enter on the TVM Solver with your
solutions. 1. Mr. Wong takes out a $180 000 mortgage to purchase a
new house. The interest rate is 6.4% /a, compounded semi-annually.
He makes monthly payments of $1200.00.
a) How long will it take to pay off the mortgage? N= I%= PV=
PMT= FV= P/Y= C/Y=
b) How much interest is paid over the life of the mortgage?

1. How many years will it take for $480 to grow to $1,061.07 if
it's invested at 7 percent compounded annually?
The number of years it will take for $480 to grow to $1,061.07
at 7 percent compounded annually is ___ years?
2. At what annual interest rate, compounded annually, would
$520 have to be invested for it to grow to $2,008.76 in 10
years?
The annual interest rate, compounded annually, at which $520
must be invested for it to...

Using the appropriate present value table and assuming a 12%
annual interest rate, determine the present value on December 31,
2018, of a five-period annual annuity of $4,400 under each of the
following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1,
FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from
the tables provided.)
1.The first payment is received on December 31,
2019, and interest is compounded annually.
2.The first payment is received on...

Juliet has a 10-year mortgage of $500,000 with an interest rate
of 3.5% APR, compounded quarterly. Mortgage payments are made at
the beginning of each month. What is the balance remaining on this
mortgage after the 60th payment? PLEASE DO NOT GIVE THE INCORRECT
ANSWER of
Find first month rate as given rate is compounded quarterly (1 +
r)^12 = (1 + 0.035/4)^4 r = (1 + 0.035/4)^(1/3) – 1 = 0.002908 =
0.2908% Set up the TVM parameters PV...

(Compound
value solving for
n)
How many years will the following take?a.
$500
to grow to
$1,039.50
if invested at
5
percent compounded annuallyb.
$35
to grow to
$53.87
if invested at
9
percent compounded annuallyc.
$100
to grow to
$298.60
if invested at
20
percent compounded annuallyd.
$53
to grow to
$78.76
if invested at
2
percent compounded annuallya. How many years will it take
for
$500
to grow to
$1,039.50
if invested at
5
percent compounded annually?
nothing...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 41 seconds ago

asked 42 seconds ago

asked 11 minutes ago

asked 19 minutes ago

asked 19 minutes ago

asked 20 minutes ago

asked 26 minutes ago

asked 28 minutes ago

asked 49 minutes ago

asked 54 minutes ago

asked 58 minutes ago

asked 1 hour ago