Suppose we want to find the future value of $6,000 invested at 8.5% compounded continuously for...
Use the model A=pe" or AFP where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. If a couple has $40,000 in a retirement account, how long will it take the money to grow to $1,000,000 if it grows by 5.5% compounded continuously? Round up to the nearest year. It will take approximately years.
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given Then determine how much of this value is from contributions and how much is from interest R=9,400,9% interest compounded semiannually for 7 years The future value of the ordinary annuity is $_______ (Round to the nearest cent as needed)
What is the future value of $119,000 invested for 5 years at 8% compounded monthly? (a) State the type amortization future value present value ordinary annuity sinking fund (b) Answer the question. (Round your answer to the nearest cent.) $
Find the future value of the ordinary annuity Interest is compounded annually R=$3000-0.07: n=3 Which of the following formulas will calculate the future value? OA. S = 3000 +3000 OBS 3000 (1+0.07) - 1 0.07 (1 + 30.07-1 (1 +0.07)-1 DO 179-4 1024 OD S = 3000 OC. S3000 (1-001+1 0.07 The future value of the ordinary annuity in s (Round to the nearest cent as needed. Do not round until the final answer)
If P dollars (aka principal) is invested at r% interest compounded annually, then the future value of the investment after n years is given by the formula Future value = P(1 + r/100)n Demonstrate your ability to use C++ syntax to design and develop a program to accept the principal, interest rate and years and displayed the computed future value with 2 decimal places. Use the pow function for this computation. The loop is controlled via the sentinel value, ‘E’....
If P dollars (aka principal) is invested at 1% interest compounded annually, then the future value of the investment after n years is given by the formula Future value = P(1 + r/100)" Demonstrate your ability to use C++ syntax to design and develop a program to accept the principal, interest rate and years and displayed the computed future value with 2 decimal places. Use the pow function for this computation. The loop is controlled via the sentinel value. ‘E....
n1 Use the model A - Pe" or A-P where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for years. Victor puts aside $10,000 in an account with interest compounded continuously at 2.2%. How long will it take for him to earn $2000? Round to the nearest month. It will take approximately years and months for him to earn $2000. where A is the future value of P dollars...
find the future value compound interest on $6000 at 5% compounded semiannually fir two years. use future value compound amount of $1.00 table or the future value and compound interest formula. and interest on $6,000 at 5% compounded semiannually for two years. Use the Future Val Data Table Table Future Value or Compound Amount of $1.00 Rate per period Periods 1% 1.5% 2% 2.5% 3% 4% 5% 6% 8% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 2...
Find the future value and interest earned if $8806.54 is invested for 9 years at 6% compounded (a) serniannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $. (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $) (Type an integer or...
An amount of $1500 is invested at an interest rate of 7.8 % compounded continuously. What will the final value of this investment be after 30 years? The correct formula to calculate the final value is O A. P=1500 e -(0.078)(30) OB. P= 1500(1 +0.078,30 OC. P = 1500(1 +0.078) - 30 OD. P=1500 e (0.078(30) O E. None of the above The investment will be worth $ after 30 years. (Round to the nearest cent as needed.)