Homework Answers
Given that,
Interest rate r = 8% compounded continuously,
amount required in t = 6 years is FV = $20000
For continuous compounded, present value in account can be calculated using formula
PV = FV*e^(-r*t)
So, amount invested now PV = 20000*e^(-0.08*6) = $12375.67
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can you hand write the steps and the answer please. please i
need the answer
10)...
can you please hand write the steps and the answer please. i need the answer please...
can you please hand write the steps and the answer please. i
need the answer please
4) 8) $25,000 is invested at 6% compounded quarterly how much money is in the account after 10 year?
can you please hand write the steps and the answer. please i need the answer. 12)...
can you please hand write the steps and the answer. please i
need the answer.
12) Find the present value of an annuity that pays $3,000 per month for 16 years if money is worth 6%, compounded monthly.
I need steps for the answer 6s PROBLEM 1. what an ount will be owed in...
I need steps for the answer
6s PROBLEM 1. what an ount will be owed in S year, i, SS00 "browed now at 10% per year simple interest Answer 57,300 rd:: For what period of time will S500 have to be invested to smount to$625 earns ธ0% simple interes. Per an.suns? Anawer 2.5 years 3. What is the principal amount if the principal plus interest at the end of I years is$14,000 for a simple interest "ase of 12% per...
Can you please hand write the answers amd work. please I need the answers for a...
Can you please hand write the answers amd work. please I need
the answers for a and b.
14) a) Find the monthly payments on a $200,000 thirty year mortgage if the interest rate is 4.5% compounded monthly b) Find the unpaid balance after 8 years
Can the work be shown in excel using formulas? You deposit $10,000 in an account that...
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Please write down all the steps. What is the future value 10 years from now of...
Please write down all the steps. What is the future value 10 years from now of $1,800 invested today at a periodic interest rate of 10% compounded annually? Assuming a MARR of 14%, how much should you save each month to accumulate $1,000,000 over the next 25 years? A construction company purchases a truck for $125,000, and will sell it for $20,000 at the end of five years. The annual operating cost of the truck is $40,000. What is the...
please show all work and steps thank you :) Starting at age 25, you deposit $2000...
please show all work and steps thank you
:)
Starting at age 25, you deposit $2000 a year into an IRA account for retirement. Treat the yearly deposits into the account as a continuous income stream. If money in the account earns 5%, compounded continuously, how much will be in the account 40 years later, when you retire at age 65? How much of the final amount is interest? What is the value of the IRA when you turn 65?...
please show all work and steps thank you :) Starting at age 25, you deposit $2000...
please show all work and steps thank you
:)
Starting at age 25, you deposit $2000 a year into an IRA account for retirement. Treat the yearly deposits into the account as a continuous income stream. If money in the account earns 5%, compounded continuously, how much will be in the account 40 years later, when you retire at age 65? How much of the final amount is interest? What is the value of the IRA when you turn 65?...
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I need help on question 10. Time Value of Money Exercise: Question 1: Assume you deposit...
I need help on question 10.
Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at ercent annual rate, compounded $700 every three months at a 6 percent am much will you have at the end of 20 years? Question 2: You borrow a five-year $13.000 loan with monthly percentage rate (APR) on the loan? 3,000 loan with monthly payments of $250. What is the annual Question 3: How much would you have to invest...
can you please hand write the steps and the answer please. i
need the answer please
4) 8) $25,000 is invested at 6% compounded quarterly how much money is in the account after 10 year?
can you please hand write the steps and the answer. please i
need the answer.
12) Find the present value of an annuity that pays $3,000 per month for 16 years if money is worth 6%, compounded monthly.
I need steps for the answer
6s PROBLEM 1. what an ount will be owed in S year, i, SS00 "browed now at 10% per year simple interest Answer 57,300 rd:: For what period of time will S500 have to be invested to smount to$625 earns ธ0% simple interes. Per an.suns? Anawer 2.5 years 3. What is the principal amount if the principal plus interest at the end of I years is$14,000 for a simple interest "ase of 12% per...
Can you please hand write the answers amd work. please I need
the answers for a and b.
14) a) Find the monthly payments on a $200,000 thirty year mortgage if the interest rate is 4.5% compounded monthly b) Find the unpaid balance after 8 years
please show all work and steps thank you
:)
Starting at age 25, you deposit $2000 a year into an IRA account for retirement. Treat the yearly deposits into the account as a continuous income stream. If money in the account earns 5%, compounded continuously, how much will be in the account 40 years later, when you retire at age 65? How much of the final amount is interest? What is the value of the IRA when you turn 65?...
please show all work and steps thank you
:)
Starting at age 25, you deposit $2000 a year into an IRA account for retirement. Treat the yearly deposits into the account as a continuous income stream. If money in the account earns 5%, compounded continuously, how much will be in the account 40 years later, when you retire at age 65? How much of the final amount is interest? What is the value of the IRA when you turn 65?...
9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly. 13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much would he need to deposit in the account each month? b. How much total money will he put into the account? c. How much total interest will...
I need help on question 10.
Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at ercent annual rate, compounded $700 every three months at a 6 percent am much will you have at the end of 20 years? Question 2: You borrow a five-year $13.000 loan with monthly percentage rate (APR) on the loan? 3,000 loan with monthly payments of $250. What is the annual Question 3: How much would you have to invest...
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