I= 10%÷2 = 5; principal = 500 ; n = 2× 16 =32
Future value = p * (1+I) ^n
= 500* (1+5%)^32
= 2382.47
Assuming an interest rate of 10 percent compounded semiannually, the future value of $500 in 16...
a. Compute the future value of $2,000 compounded annually for 10 years at 4 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ = b. Compute the future value of $2,000 compounded annually for 10 years at 10 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ = c. Compute the future value of $2,000 compounded annually for 15 years...
a. Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ 4,207.14 b. Compute the future value of $2,000 compounded annually for 15 years at 9 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ c. Compute the future value of $2,000 compounded annually for 25 years at...
Problem 4-2 Calculating Future Values a. Compute the future value of $1,000 compounded annually for 20 years at 7 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ b. Compute the future value of $1,000 compounded annually for 15 years at 8 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ c. Compute the future value of $1,000 compounded annually...
The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. Year Cash Flow $ 860 940 10 points 1,530 eBook Print What is the present value of the cash flows? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) References Present value
6 Given a 3 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1700, 1900, 51.900, and $2,200, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) 10 points eBook Hint Print References
Calculate the future value in six years of $9,000 received today if your investments pay (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Future Value a. 6 percent compounded annually $ b. 8 percent compounded annually c. 10 percent compounded annually d. 10 percent compounded semiannually e. 10 percent compounded quarterly
Finance math problems
6 You plan to deposit $4,500 at the end of each of the next 20 years into an account paying 9.7 percent interest a. How much money will you have in the account in 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places,...
an account at an interest rate r compounded conltinuously, then the amount A (caled the future value of P) in the account t years from now wil be A P Solving the equation for P, we get PrAcft, In this formulation, Pis called the present value of the investment. (a) Find the present value of $400,000 at 6% compounded continuously for 25 years (b) Find the interest rate compounded continuously that is needed to have $40,000 be the present value...
If you could include work and formulas that would be great,
thanks!
A 9-year annuity pays $3,000 per month, and payments are made at the end of each month. The interest rate is 9 percent compounded monthly for the first four years, and 7 percent compounded monthly thereafter. What is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present valuc References eBook & Resources
Streamsong Credit Bank is offering 6.7 percent compounded daily on its savings accounts. Assume that you deposit $6,400 today. a. How much will you have in the account in 4 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) b. How much will you have in the account in 8 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use...