FV = PV(1 + r)t
(a) FV = $7,000[1 + (0.07 / 2)]8(2) = $12,137.90
(b) FV = $11,000[1 + (0.12 / 4)]11(4) = $40,385.98
(c) FV = $8,000[1 + (0.12 / 12)]8(12) = $20,794.18
What will be the future amount accumulated by each of the following present investments? (a) $7000...
What will be the future amount accumulated by each of the following present investments? (a) $6000 in 7 years at 12% compounded semiannually. Answer : $ (b) $11000 in 8 years at 7% compounded quarterly. Answer: $ (c) $10000 in 10 years at 9% compounded monthly. Answer: $
1. What is the value of the following investments in the future? (show your work): a) b) c) d) e) $6,000 invested for 5 years at 16% compounded quarterly?.. $9,000 invested for 7 years at 8% compounded semi-annually? $875 invested for 1 year at 12% compounded monthly?» $22,000 invested for 5 years at 5% compounded annually?» How long will it take to double your investment if the interest rate is 3%?
FUTURE VALUE FOR VARIOUS COMPOUNDING PERIODS Find the amount to which $500 will grow under each of these conditions: a. 12% compounded annually for 5 years b. 12% compounded semiannually for 5 years c. 12% compounded quarterly for 5 years d. 12% compounded monthly for 5 years e. 12% compounded daily for 5 years f. Why does the observed pattern of FVs occur?
13.1.21 # $7000 is invested at 9% compounded (a) annually. (b) semiannually, or (c) quarterly, what is the amount after 6 years? (a) If it is compounded annually, what is the amount after 6 years? A= $ 11739.7 (Round to the nearest cent as needed.) (b) If it is compounded semiannually, what is the amount after 6 years? A = $ 11,871.17 (Round to the nearest cent as needed.) (c) If it is compounded quarterly, what is the amount after...
Find the present value of the following future amount. $9000 at 3% compounded semiannually for 7 years What is the present value?
Future Value for Various Compounding Periods Find the amount to which $550 will grow under each of the following conditions. Do not round intermediate calculations. Round your answer to the nearest cent. 5% compounded annually for 5 years $ 5% compounded semiannually for 5 years $ 5% compounded quarterly for 5 years $ 5% compounded monthly for 5 years $
only answer b,c,d thanks
. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $8000 at 6% compounded semiannually for 7 years The present value is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)
13.1.37 Find the present value for the following future amount. $9880 at 4.5% compounded semiannually for 11 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 1. Compound 2. Effective rate (APY B. Stated rate 3. Nominal rate C. D. E. F. Four times per year Amount calculated on adjusted principal 12 times per year Years times number of times compounded in one year True rate of interest Know future amount looking for present Rate divided by number of times compounded per year Periodically interest is calculated and added to...