Question: Use the present value formula to determine the amount to be invested now, or the present value needed The desired accumulated amount is $50 000

Use the present value formula to determine the amount to be invested now, or the present value needed

The desired accumulated amount is $50 000 after 11 years invested in an account with 2.5% interest compounded monthly.

The amount to be invested now, or the present value needed, is $__________

Fill in the blank please

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Use the present value formula to determine the amount to be investednow, or the present value needed. The desired accumulated amount is $ 60, 000 60,000 after 1 4 years invested in an account with...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed.The desired accumulated amount is $ 80,000 after 10 years invested in an account with 4 %...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amont is $4,000 after 12 years invested in an account with 4% interest...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. 12) The desired accumulated amount is $9000after8years invested in an account with3% interest...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $110, 000 after 6 years invested in an account with 7%...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $50,000 after 11 years invested in an account with 3% interest...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $75,000 after 11 years invested in an account with 4% interest...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed.The desired accumulated amount is $50,000 after 11 years invested in an account with 4.4%...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $80,000 after 10 years invested in an account with 2.9%...

Q:

Please help me solve this question, and show all work. Thank you :) Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated...

Q:

If you take out an $8,000 car loan that calls for 48 monthly payments at an PR of 10 percent, what is your monthly payment? What is the effective annual interest rate on the loan?

Q:

Which of the following types of governments is always considered to be a primary government for financial reporting purposes? a. A school district with a separately elected governing body. b. A state...

Q:

chrome Fer Edit View History Beokmarks Protiles Tab Window Help Finanela! Management Estemtiats fxam Financial Management Essentials Exam QUESTION 5 / 3 0 TRUE or FALSE. Nonprofits should practice...

Q:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...