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 after 11

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% interest compounded monthly.

(Round to the nearest cent as needed.)

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

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 4 %...

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 investednow, or the present value needed. The desired accumulated amount is $70,000 after 11 years invested in an account with 5.7%...

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 $50 000 after 11 years invested in an account with 2.5%...

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 $80,000 after 10 years invested in an account with 2.9%...

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 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 $120000 after 6 years invested in an account with 8% interest...

Q:

List the substituents in each of the following sets in order of priority, from highest to lowest: (a) -Cl, -OH, -SH, -H (b) -CH3, -CH2Br, -CH2Cl, -CH2OH (c) -H, -OH, -CHO, -CH3 (d) -CH(CH3)2,...

Q:

A thin circular rod is supported in a vertical plane by a bracket at A. Attached to the bracket and loosely wound around the rod is a spring of constant k = 40 N/m and undeformed length equal to the...

Q:

Refer to the information for Booth Manufacturing. Booth Manufacturing has provided the following financial statements. Other information includes: (a) equipment with a book value of $125,000 was sold...

Q:

Discuss the relationship between THE ORGANIZATION AND INFORMATION SYSTEM, refer in your answer to the role of environment , give examples of your own?

Q:

2. In what way can we say that method affects the result we get?

Q:

4. In what way will relationships in a system influence what is reported?

Q:

3. Mention three examples where you distorted information that you had taken from your memory and where others made you aware of the fact that you had distorted the information. Did it create a...