Question: 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

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 compounded semiannually

(5pts)

13)

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

The desired accumulated amount is $26,000after11years invested in an account with3% interest compounded semiannually

14)

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

The desired accumulated amount is $3100after2years invested in an account with5% interest compounded quarterly.

15)

Solve the problem.

Brad invests $1500in an account paying3.5% compounded monthly. How much is in the account after7months?

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 invested now, or the present value needed The desired accumulated amount is $80,000 after 10 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 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. The desired accumulated amount is $50,000 after 12 years invested in an account with 6.6%...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $30,000 after 12 years invested in an account with 6.2%...

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:

PLEASE HELP URGENT 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 14 years invested in an...

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 4.3%...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $95,000 after 14 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 $85,000 after 10 years invested in an account with 6% interest...

Q:

Your roommate, Joe Thompson, has taken a summer intern position at a local manufacturing company. Because he is a junior majoring in accounting, the company expects him to have a grasp of managerial...

Q:

Crane Company issued a 10 year, 7% bonds in the amount of $1,000,000 on January 1, 2016. Crane Company is an 80%-owned subsidiary of Mitchell Company. The bonds were issued at face value, and...

Q:

When choosing ETFs or index funds for your Roth IRA, what should you consider? ( Select all that apply. ) Question 3 Answer a . Expense ratio ( fees ) b . Level of diversification across sectors or...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.