At the beginning of each year for 14 years, Sherry Kardell invested $400 that earns 10% annually. What is the future value of Sherry's account in 14 years? Multiple Choice None of these $14,000 $13100
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A: Given, Principal amount (P) = $45,000 Rate of interest (r) = 9% Number of years (t) = 8 years
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A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
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A: Given information, Number of years(N) = 8 Interest (I/Y) = 9% PV = 45,000
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A: Given:
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A: future value with continous compounding: FV=PV×ertwhere,r=interest ratet=time
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- Taylor deposited $600 at the end of every three months into an investment for the past 5 years. The investment earns 3.25% compounded semiannually. How much is her investment worth today? Round to two places after the decimal. 1/Y P/Y c/Y N PV PMT FV Dave's investment is worth $ today.Assume that Karen Williams desires to accumulate $1,000,000 in 15 years using her money market fund balance of $209,004. At what interest rate must Karen’s investment compound annually? (Round answer to 0 decimal places, e.g. 5%.) Interest rate %Bram Johnson invests $500 at the end of each quarter for 10 years. The account earns 12% interest annually. What is the value of the account at the end of 10 years? Multiple Choice $37,000 $3,700 $37,700.60 None of these $37,700
- How much would Dave have in his account at the end of 20 years if he deposits $2,000 into the account today if he earned 4 percent interest and interest is compounded continuously? Select one: a. $4,444 b. $4,521 c. $4,317 d. $4,451Scott deposits $5,000 at the end of each year into an account for five years. Assuming 6% interest annually, what is the value of his account in five years? Multiple Choice None of these $30,100 () $67,060 $21,873 $28,185.50 aceH3. Hannah invested $2,000 at the beginning of every 6 months in an RRSP for 11 years. For the first 5 years it earned interest at a rate of 4.70% compounded semi-annually and for the next 6 years it earned interest at a rate of 5.50% compounded semi-annually. Que 1. Calculate the accumulated value of his investment at the end of the first 5 years. Que 2. Calculate the accumulated value of her investment at the end of 11 years. Que 3. Calculate the amount of interest earned from the investment. Show proper step by step calculation
- Helen contributed $500 at the end of every month for the past 5 years into an RRSP account, earning 3.8% p.a. compounded quarterly. If she leaves the accumulated contributions for another 4 years in the RRSP at the same rate of interest How much will Helen have in total in her RRSP account? How much did she contribute? How much will be the interest?Solve by Formula Serena Williams deposits $1,500 into an account at the beginning of each year. If she earns 5%, compounded annually, how much will the account be worth in 17 years?Question 1Mr. and Mrs. Haddad have contributed $2025.00 per six months for the last eighteen years into RRSP accounts earning 6.92 % compounded semi - annually. a) How much will Mr. and Mrs. Haddad have in total in their RRSP accounts? b) How much did the Haddad's contribute? c) How much will be interest? PMT = $IY = CY = i = n = Total in RRSP account $Total Contibution =$ Interest =$ Blank 1: Blank 2: Blank 3: Blank 4: Blank 5: Blank 6: Blank 7: Blank 8:
- Thomas's retirement fund has an accumulated amount of $55,000. If it has been earning interest at 2.44% compounded monthly for the past 25 years, calculate the size of the equal payments that she deposited at the beginning of every 3 months. $0.00 Round to the nearest cent SUBMIT QUESTION SAVE PROGRESS K 00 40Nabras borrows OMR 4800 for 10 months at a simple interest rate of 8% per year. Determine the discount and the proceeds. a) Discount = 300 OMR, Proceeds = 3250 OMR b) Discount = 300 OMR, Proceeds = 3300 OMR c) Discount = 320 OMR, Proceeds = 4480 OMR d) Discount = 350 OMR, Proceeds = 4050 OMRHannah places $500 into an account earning 6.75% interest compounded continuously, how much will she have after 16 years? Final amount=
