Question

Determine how much is in each account on the basis of the
indicated compounding after the specified years have passed;
*P* is the initial principal, and *r* is the annual
rate given as a percent. (Round your answers to the nearest
cent.)

after one year where *P* = $4500 and *r* =
3.9%

(a) compounded annually

$

(b) compounded quarterly

$

(c) compounded monthly

$

(d) compounded weekly

$

(e) compounded daily

$

Answer #1

Let A be the amount at the end of the year. Then

3. How much will the future value of an annual annuity of $35 be
worth after 13 years at 3% interest if interest is compounded
annually, semi-annually, quarterly, monthly and daily? Fill in the
table below with your answers. Hint: if the compounding is
annually, there is one $35 payment in a year, if the compounding is
semi-annually, there are two $17.50 payments in a year, etc..
Annual Semi-annual Quarterly Monthly Daily

Future Value for Various Compounding
Periods
Find the amount to which $575 will grow under each of the
following conditions. Do not round intermediate calculations. Round
your answers to the nearest cent.
12% compounded annually for 5 years.
$
12% compounded semiannually for 5 years.
$
12% compounded quarterly for 5 years.
$
12% compounded monthly for 5 years.
$

Future Value for Various Compounding
Periods
Find the amount to which $650 will grow under each of the
following conditions. Do not round intermediate calculations. Round
your answers to the nearest cent.
12% compounded annually for 5 years.
$
12% compounded semiannually for 5 years.
$
12% compounded quarterly for 5 years.
$
12% compounded monthly for 5 years.
$

8.6343 Q13
Determine the amount of money that will be accumulated in an
account that pays compound interest, given the initial principal
of $28 comma 800 invested at 2.81% annual interest for 7 years
compounded
(a) daily (n=365); =
(b) continuously. =
(Round to the nearest cent as needed.)

PART 2: FINANCE
a) If you deposit $23,596.00 at 13.23% annual interest
compounded quarterly, how much money will be in the account after 4
years?
b) If you deposit $1036.00 into an account paying 5.46% annual
interest compounded monthly, how many years until there is
$19,912.00 in the account?
c) What is the value today of receiving a single payment of
$55,961.00 13 years if your required rate of return on this
investment is 14.25% compounded semi-annually?
d) If you...

We know that when a particular amount of money P, called the
principal, is invested at the interest rate r and is compounded n
times a year, the amount of A of money accumulated after t years is
A(t)=P(1+r/n)^nt
Rounded to the nearest cent, find the amount of money
accumulated if $ 5 , 000 is invested for 2 years at 6 % interest
and is compounded.
Quarterly: $
Monthly: $
Daily(assuming 365 days in a year): $
Coutinuously: $

Q1) Suppose you invest $66,624 today in an account that earns
13.00% interest annually. How much money will be in your account 11
years from today?
Q2) What is the value today, of single payment of $51,252 made
13 years from today, if the value is discounted at a rate of
04.00%?
Q3) How many years would it take an investment of $333 to grow
to $10,789 at an annual rate of return of 11.00%?
Q4) How much money would...

For 1 and 2 find the compound amount on the given original
principal at the compound interest rate for the indicated term:
1. $1200 for 4 years at 4.2% compounded annually.
2. $800 for 5 years at 4% compounded monthly.
3. If you deposit $6800 into an account paying 5% annual
interest compounded quarterly, how much will be in the account
after 10 years if you make no withdrawals?
4. Suppose you are depositing an amount today in an account...

Find the present value (principal) and the compound interest, as
indicated, for each of the following investments. (Hint: Subtract
the present value from the future value to find the compound
interest.) Use a calculator or Table 16-1 or Table 16-2 to find FVF
or PVF. Round answers to the nearest cent. show entire solution
please.
Future Value - Rate - Term - Present Value -
Compound Interest
2. $18,000 - 6% compounded quarterly - 5 years -
_____ -...

Present Values:
Please provide the calculations in MS Excel for the present
value of an $7,000 goal in 7 years at 7% discounted on an annual,
semi-annual, quarterly, monthly, and daily basis to the nearest
penny.
Future Values:
Please provide the calculations in MS Excel for a future value
of an $7,000 investment today in 7 years at 7% compounded on an
annual, semi-annual, quarterly, monthly, and daily basis to the
nearest penny.
Present Value of an Annuity:
Please provide...

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