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Question He Find the present value Po of the amount P = $100,000 due t= 5...
an account at an interest rate r compounded conltinuously, then the amount A (caled the future value of P) in the a...
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...
Find the present value (the amount that should be invested now to accumulate the following amount)...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
Find the present value (the amount that should be invested now to accumulate the following amount)...
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.)
Find the present value and the amount of interest earned. Use the present value of a...
Find the present value and the amount of interest earned. Use the present value of a dollar table. Present Value Amount Time I Interest Needed $18,904 10 6 % Click here to view periods 1-25 of the present value of a dollar table. Click here to view periods 26-49 of the present value of a dollar table Interest Earned Compounded quarterly What is the present value? $ (Round to the nearest cent as needed.) What is the amount of interest...
13.1.37 Find the present value for the following future amount. $9880 at 4.5% compounded semiannually for...
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.)
Find the present value for the following future amount. $ 9780 at 4.5% compounded semiannually semiannually...
Find the present value for the following future amount. $ 9780 at 4.5% compounded semiannually semiannually for 14 years. The present value is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
8. Problem 5.15 (Present Value of an Annuity) eBook Find the present values of these ordinary...
8. Problem 5.15 (Present Value of an Annuity) eBook Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $200 per year for 16 years at 6%. b. $100 per year for 8 years at 3%. C. $200 per year for 8 years at 0%. d. Rework previous parts assuming they are annuities due. Present value of $200 per year for 16 years at...
For the following amount at the given interest rate compounded continuously, find (a) the future value...
For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the interest earned, and (c) the time to reach $17,000. $5300 at 3.6% a. The future value after 5 years is approximately $. (Do not round until the final answer. Then round to the nearest cent as needed.) b. The interest earned is. (Do not round until the final answer. Then round to the nearest cent as needed.) c. The...
Find the accumulated amount А И the principal p is invested at the interest rate of...
Find the accumulated amount А И the principal p is invested at the interest rate of r year for t years. Use a 365 day year, Round your answer to the nearest cent. P-$40,000, r _ 5 %, t-e, compounded quarterly
Present Value of Amounts Due Assume that you are going to receive $700,000 in 10 years. The current market rate of interest is 5.5%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Rou
Present Value of Amounts DueAssume that you are going to receive $700,000 in 10 years. The current market rate of interest is 5.5%.a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.$fill in the blank 1b. Why is the present value less than the $700,000 to be received in the future?The present value is less due to the compounding of interest over the 10 years.
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...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
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.)
Find the present value and the amount of interest earned. Use the present value of a dollar table. Present Value Amount Time I Interest Needed $18,904 10 6 % Click here to view periods 1-25 of the present value of a dollar table. Click here to view periods 26-49 of the present value of a dollar table Interest Earned Compounded quarterly What is the present value? $ (Round to the nearest cent as needed.) What is the amount of interest...
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.)
8. Problem 5.15 (Present Value of an Annuity) eBook Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $200 per year for 16 years at 6%. b. $100 per year for 8 years at 3%. C. $200 per year for 8 years at 0%. d. Rework previous parts assuming they are annuities due. Present value of $200 per year for 16 years at...
For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the interest earned, and (c) the time to reach $17,000. $5300 at 3.6% a. The future value after 5 years is approximately $. (Do not round until the final answer. Then round to the nearest cent as needed.) b. The interest earned is. (Do not round until the final answer. Then round to the nearest cent as needed.) c. The...
Find the accumulated amount А И the principal p is invested at the interest rate of r year for t years. Use a 365 day year, Round your answer to the nearest cent. P-$40,000, r _ 5 %, t-e, compounded quarterly
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