What are some of the effects of using compound interest when evaluating future value transactions and calculations
Posts Tagged ‘interest’
Is there a way to program the exponential growth formula, compound interest formula, and etc, into a TI83 plus?
15
Jun
I just started using a TI83 plus and I am currently doing a lot of exponential functions and formulas like the exponential growth formula, compound interest formula, present value formula, and etc, and I was wondering if there is a way to program these in for quick reference? (So I don’t have to keep looking up the formula’s, its a lot to remember!)
Thanks for any tips on this!
Accounting: I am STUMPED by this interest calculation. HELP!?
15
Jun
What is the future value of equal semi-annual payments of $9,000 at 14% compounded semi-annually for 3 years:
a.$91,039
b.$54,380
c.$40,001
d.$64,380
what is the future value of a 5year ordinary annuity that promises to pay $300 each year. Interest rate 7%?
06
Jun
No I won’t be spending the money. What value after 5 years
The interest rate is 8 percent. What is the future value?
04
Jun
Pedro Gonzalez will invest $5,000 at the beginning of each year for the next 9 years. The interest rate is 8 percent. What is the future value?
A. $58,471.
B. $62,440.
C. $67,435.
D. $72,435.
Use the compound interest formula to find the present value P, for the following given values?
03
Jun
A = $11,800
i = 0.067
n = 108 (round to the nearest cent)
Calculate the future value of a deposit of $5,000 compounded annually at an interest rate of 6% over 23 years?
31
May
really am stuck on this. answer and formula would be great!
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.
What monthly payment is needed to make an ordinary annuity obtain $200,000 in 30 years at 9.75% interest?
29
May
What monthly payment is needed to make an ordinary annuity obtain $200,000 in 30 years at 9.75% interest?
the future value of ordinary annuity ; 8% interest compounded semi-annually for 11 years.?
27
May
sorry R=3700
I lent $1,200 for 2 months at 5% annual simple interest. What is the future value of this loan?
25
May
I lent $1,200 for 2 months at 5% annual simple interest. What is the future value of this loan?
thanks
Write a method using Java code that computes future investment value at a given interest rate for a specified?
23
May
number of years. Use the following method header
public static double futureInvestmentValue(double invesmentAmount, double monthlyInterestRate, int years)
The program should prompt the user to enter the investment amount the interest rate, and print future values for the years 1 to 30
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.