what is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded monthly?
Calculating Future Value,
Using TVM Calculation,
FV = [PV = 0, PMT = 1,825, N = 312, I = 0.067/12]
FV = $1,530,109.59
what is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded mont...
2. What is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded monthly?
What is the future value of $600 in 21 years assuming an interest rate of 11 percent compounded semiannually? Multiple Choice $842.98 $737.89 $5,685.32 $5,369.50 $5,401.05
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Use compounded interest rate unless it explicitly requires using simple interest. What is the future value of a $400/month deposit at the end of 4 years? Your first deposit occurs now (at month 0) and your last deposit is at the end of month 48. The monthly interest rate is 1% compounded monthly.
4. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security currently worth $12,800 will be worth $16, 124.31 three years in the future, what is the implied interest rate the investor will earn on the security-assuming that no additional deposits or withdrawals are made? 8.00% 6.40% 7.94% 1.26% for this...
Assuming an interest rate of 10 percent compounded semiannually, the future value of $500 in 16 years is . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g. 32.16)) References eBook& Resources
If an IRA is a variable-rate investment for 25 years at rate r percent per year, compounded monthly, then the future value S that accumulates from an initial investment of $1000 is s = 100011 + 0.01r]300 12 What is the rate of change of S with respect to r and what does it tell us if the interest rate is as follows? (Round your answers to two decimal places.) (a) 6% If we were to increase the rate by...
Question 4: An Investment of $6300.00 earns interest at 11.96% p.a. compounded monthly for five years. At that time the interest rate is changed to 7% compounded semi-annually. How much will the accumulated value be two and a half years after the change?