Calculate the Present Value of an amount if the accumulated sum is $8420 the number of...
Calculate the Present Value of an amount if the accumulated sum is $8420 the number of periods is 9 at an annual compound interest rate of 2%.
Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
Homework Answers
In this problem the acumulated value depriciates with time. The principal, depriciation rate, depriciation time is given, all we need to find the depriciated value of given amount at present time. Which is calculated below.
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Calculate the Present Value of an amount if the accumulated sum
is $8420 the number of...
Determine the amount of money Danielle will have if she deposits 2434 dollars every 3 months...
Determine the amount of money Danielle will have if she deposits 2434 dollars every 3 months for 14 years if interest is 8% p.a. Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
The formula AEP 1 + describes the accumulated value, A, of a sum of money, P,...
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How much money does Matthew have to repay each period if he borrows $248746 for 14 years at 11% p.a. in interest compounded every 6 months Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
The relationship between the future value of a single sum and the corresponding present value of...
The relationship between the future value of a single sum and the corresponding present value of a single sum is determined by two variables. What are those two variables? O A. conversion rate; length of compounding periods OB. interest rate per compounding period; number of compounding periods O c. interest rate; length of compounding periods OD. conversion rate; number of compounding periods
A-PCs :)" The formula AP14 describes the accumulated value. A of a sum of money. P...
A-PCs :)" The formula AP14 describes the accumulated value. A of a sum of money. P the principal, after tyears at annual percentage rater (in decimal form) compounded n times a year. Complete the table for a savings account subject to n compounding periods per year Amount Number of Annual Interest Accumulated Timet Invested Compounding Periods Rate Amount in Years $11500 6.75% $72 000 years (Do not round until the final answer. Then round to one decimal place as needed)...
Present Value of a Lump Sum What is the present value of a $10,000 prize you...
Present Value of a Lump Sum What is the present value of a $10,000 prize you expect to receive in 9 years? You require an 8 percent discount rate Write your answer out to two decimal places. (Note: Use the present value of an lump sum table in the Exhibit 1-3.) (Round yo answer to the nearest dollar amount.) ount per payment
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)...
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part 1 given info present value = periodic interest rate = number of compounding periods =...
part 1 given info present value = periodic interest rate = number of compounding periods = 190.00 0.080 6.00 What is the future value (single payment)? part 2 future value periodic interest rate = number of compounding periods = 301.51 0.080 6.00 what is the present value (single payment)? part 3 periodic payment periodic interest rate = number of compounding periods = 340.00 0.02 8.00 What is the future value of this annuity? part 4 present value (amount borrowed) =...
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Calculate the present value of the following: a-1. Annual payment of $775 for 10 years at...
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The formula AEP 1 + describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percentage rater (in decimal form) compounded n times a year. Complete the table for a savings account subject to n compounding periods per year. Amount Number of Annual Interest Accumulated Timet Invested Compounding Periods Amount in Years $14.500 6.25% $21,000 Rate tx 6.0 years (Do not round until the final answer. Then round to one decimal place...
The relationship between the future value of a single sum and the corresponding present value of a single sum is determined by two variables. What are those two variables? O A. conversion rate; length of compounding periods OB. interest rate per compounding period; number of compounding periods O c. interest rate; length of compounding periods OD. conversion rate; number of compounding periods
A-PCs :)" The formula AP14 describes the accumulated value. A of a sum of money. P the principal, after tyears at annual percentage rater (in decimal form) compounded n times a year. Complete the table for a savings account subject to n compounding periods per year Amount Number of Annual Interest Accumulated Timet Invested Compounding Periods Rate Amount in Years $11500 6.75% $72 000 years (Do not round until the final answer. Then round to one decimal place as needed)...
Present Value of a Lump Sum What is the present value of a $10,000 prize you expect to receive in 9 years? You require an 8 percent discount rate Write your answer out to two decimal places. (Note: Use the present value of an lump sum table in the Exhibit 1-3.) (Round yo answer to the nearest dollar amount.) ount per payment
part 1 given info present value = periodic interest rate = number of compounding periods = 190.00 0.080 6.00 What is the future value (single payment)? part 2 future value periodic interest rate = number of compounding periods = 301.51 0.080 6.00 what is the present value (single payment)? part 3 periodic payment periodic interest rate = number of compounding periods = 340.00 0.02 8.00 What is the future value of this annuity? part 4 present value (amount borrowed) =...
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