ZuoTi.Pro
Question

Future Value Computation Peyton Company deposited $10,500 in the bank today, earning 12% interest. Peyton plans to withdraw t

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Annual Rate Periods Future Value 12% 5Years 12% 5Years 12% 5Years Interested Compounded Annually Semiannually Quarterly 18505

0 0
Add a comment
Know the answer?
Add Answer to:
Future Value Computation Peyton Company deposited $10,500 in the bank today, earning 12% interest. Peyton plans...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Future Value Computation Peyton Company deposited $11,000 in the bank today, earning 12% interest. Peyton plans...

    Future Value Computation Peyton Company deposited $11,000 in the bank today, earning 12% interest. Peyton plans to withdraw the money in 5 years. How much money will be available to withdraw assuming that interest is compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. (a) Annually (b) Semiannually (c) Quarterly

  • please answer these within aboit 30-50 min thank you! QUESTION 3 Incorrect Mark 0.00 out of 1.00 P Flag ques...

    please answer these within aboit 30-50 min thank you! QUESTION 3 Incorrect Mark 0.00 out of 1.00 P Flag question Future Value Computation You deposit $3,000 at the end of every year for three years. How much will accumulate in three years if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round your answer to the nearest dollar. $ 10,518 Check QUESTION 4 Not complete Marked out of 1.00 P Flag question Present Value Computation...

  • Present Value Computation Pete Frost made a deposit into his savings account three years ago, and...

    Present Value Computation Pete Frost made a deposit into his savings account three years ago, and earned interest at an annual rate of 8%. The deposit accumulated to $25,000. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually $ (b) Semiannually $ (c) Quarterly $ 0 0

  • Pete Frost made a deposit into his savings account 3 years ago and earned interest at...

    Pete Frost made a deposit into his savings account 3 years ago and earned interest at an annual rate of 8%. The deposit accumulated to $20,500. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? terly? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. (a) Annually (b) Semiannually (c) Quarterly

  • What amount will be accumulated in four years if $10,000 is invested today at six percent...

    What amount will be accumulated in four years if $10,000 is invested today at six percent interest compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. You are scheduled to be paid $10,000 in four years. What amount today is equivalent to the $10,000 to be received in four years assuming interest is compounded annually at six percent? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. What...

  • 1.What is the future value of ​$200 deposited today at 7 percent interest compounded annually for...

    1.What is the future value of ​$200 deposited today at 7 percent interest compounded annually for 4 ​years? (Round to the nearest​ dollar.) A.​$262 B.​$260 C.​$267 D.​$256 2.Raffy deposited ​$4000 in an investment account for 4 months. The account paid simple interest at a rate of 2.1 percent. What is the future value of his​ investment? A.​$4336.00 B.​$4084.00 C.​$4028.00 D.​$4164.75

  • How much money should be deposited today in an account that earns 5% compounded semiannually so...

    How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...

  • The future value of a​ $10,000 annuity deposited at 12 percent compounded annually for each of...

    The future value of a​ $10,000 annuity deposited at 12 percent compounded annually for each of next 5 years​ is: ​ (Round to the nearest whole​ dollar) A. ​$40,376     B. ​$63,528 C. ​$71,154    D. ​$36,050    The future value of an ordinary annuity of​ $1,000 each year for 10​ years, deposited at 3​ percent, is:​ (Round to the nearest whole​ dollar) A. ​$8,530    B. ​$11,464    C. ​$11,808     D. ​$10,000 Peter will receive​ $1,200 at the beginning of each of the next...

  • The following situations require the application of the time value of money: Use the appropriate present...

    The following situations require the application of the time value of money: Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. On January 1, 2017, $16,000 is deposited. Assuming an 8% interest rate, calculate the amount accumulated on January 1, 2022, if interest is compounded (a) annually, (b) semiannually, and (c) quarterly. Round your answers to the nearest dollar. Future Value a. Annual...

  • You are planning to deposit $100 in an account earning 6% interest rate. a. How much...

    You are planning to deposit $100 in an account earning 6% interest rate. a. How much money do you have at the end of three years if interest is compounded annually? b. How much money do you have at the end of three years if interest is compounded semiannually? c. How much money do you have at the end of three years if interest is compounded quarterly? d. How much money do you have at the end of three years...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT