really am stuck on this. answer and formula would be great!
Posts Tagged ‘compounded’
Please help me with this compounded interest problem?
30
May
I have this posted in the mathematics section as well – just trying to get some well-rounded feedback by posting in a secondary category…
Allow me post the problem, and then I’ll tell you what my issue is:
Problem: You would like to have $4500 in 4 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 5% compounded semiannually.
How much should you deposit at the end of every six months? (using the formula P = A(r/n) / [(1 + r/n)^nt - 1]
Here’s my issue: I am using a graphing calculator and have plugged in all of my numbers accordingly. I keep getting approx. $495 when I use the calculator. When I manually do the formula, I get $35.12. I know that the correct answer is $516, but what am I doing wrong?
Please spell it out for me in steps – I have my first exam on Wednesday and I have to pass.
THANKS for your help – I REALLY appreciate it.
Thanks, Christian. I forgot to add that I am supposed to round up to the nearest dollar. The original answer is $515 and some-odd cents before rounding.
the future value of ordinary annuity ; 8% interest compounded semi-annually for 11 years.?
27
May
sorry R=3700
if money is worth 5% compounded semi-annually, find the present value of a sequence?
27
May
of 12 semi annual payment of 500 each, the first is due at the end of 4.5 years.
how to calculate this or solve this in the calculator.
7. What would be the amount of compound interest on 8,000 inversted for two years at 12%, compounded semiannua?
22
May
7. What would be the amount of compound interest on 8,000 inversted for two years at 12%, compounded semiannually? Round your answer to the nearest dollar.
8. What is the future value of an ordinary annuity of $23,000 per year, for three years, at 10% interest compounded annually?
9. A family recently purchased a home, taking out a morgage of $90,000 at 8 1/4% for 20 years. The annual property taxes on the home are $1,980, nad the annual hazard insurance premium is $636. What is the monthly PITI payment of their loan?
10. What is the total amount of tax due on a property with an assessed valus of $109,400? The property tax rate is 35.4 mills.
What is the future value of $3000 dollars at 5% compounded semiannual interest for 7 years?
15
May
Its a tricky one.
Principal of 3000 dollars, compounded interest SEMIannually at 5% for 7 years.
Also if you could show me the method you used to find out the value of 3000 dollars in 7 years that would be great. Thanks!
How do I calculate the future value of $5,000 compounded quarterly at 6% for 5 years?
09
May
My answer does not match what my instructor’s answer was and I have been unable to get a response from my instructor on how she got her answer. This homework has already been graded and I would just like to see if there is someone else who was able to get either her answer or my answer so I can learn from my mistake.
What is the future value of a ordianry annuity of $12000 per year,for 3 years,at 9% interest compounded yearly
09
May
A. $39,337.20
B. $39,240.00
C. $36,000.00
D. $14,442.75
Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.?
02
May
Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.? is it $9,800.05 , $9,729.30, $9,849.67, or $9,749.55
A 6 month certificate of deposit of $4000 that pays 6% compounded monthly. What is the future value at the?
30
Apr
A 6 month certificate of deposit of $4000 that pays 6% compounded monthly. What is the future value at the end of investment? How much interest would be invested at the end of the period? What would be the effective rate?”
What is the future value of an ordinary annuity of $12k per yr, for 3 years, at 9% interest compounded anual?
28
Apr
Mathematics for business and finance
How much money must be deposited now, at 6% interest, compounded semiannually, to yield an annuity payment of?
26
Apr
How much money must be deposited now, at 6% interest, compounded semiannually, to yield an annuity payment of $4,000 at the end of each six- month period, for a total of five years?
What is the future value if $3,200 is invested for 5 years at 17 % compounded quarterly?
25
Apr
What is the future value if $3,200 is invested for 5 years at 17 % compounded quarterly?
thanks
How to calculate the future value compounded weekly?
21
Apr
Find the amount (future value) of an ordinary annuity of $120 per week for 6.5 years at 8.3% per year compounded weekly. (Round your answer to the nearest cent.)
I tried this problem a few times, but I just can’t seem to get the right answer.
=$53709.98
(I need help to setting up the problem).