answersLogoWhite

0


Best Answer
  1. 3400*108.9%=3702.60
  2. 3702.60*108.9%=4032.13
  3. 4390.99
  4. 4781.79
  5. 5207.37
  6. 5670.82
  7. 6175.53
  8. 6725.15
  9. 7323.69
  10. 7975.50
  11. 8685.32
  12. 9458.31
  13. 10300.10
  14. 11216.81
  15. 12215.10
  16. 13302.25
  17. 14486.15
  18. 15775.41
  19. 17179.43
  20. 18708.39

...

60. 563,037.12

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the present value of 3400 at 8.9 percent compounded monthly for five years?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Future value of 2000 in 5 years at interest rate of 5 percent?

Compounded annually: 2552.56 Compounded monthly: 2566.72


What is the future value of 1200 after 5 years if the appropriate interest rate is 6 percent compounded monthly?

1862


What is 7 percent compounded monthly?

It means that at the end of every month, (7/12) of 1 percent of the lowest value of your account during the previous month is added to it.


What is the present value of 2000 discounted back three years if the interest rate is 8 percent compounded monthly?

If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51


What is the future value of 100000 dollars with 5 percent compounded monthly in 12 years?

$100,000 x (1 + 5/1200)144 = $181,984.89 (rounded)


What is the present value of 10000 in 10 years at 6 percent annual rate compounded continuously?

There is no such thing as "compounded continuously". No matter how short it may be, the compounding interval is a definite amount of time and no less.


How do you solve interest compounded monthly?

fv = pv(1+r/12)^t Where: fv = future value pv = present (initial) value r = interest rate t = time period


What is the future value of 4000 for 5 years at 4 percent compounded bimonthly?

the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?


What is the present value of 12500 to be received 10 years from today Assume a discount rate of 8 percent compounded annually and round to the nearest 10?

$5,790


How much would 125 invested at 8 percent annual interest compounded continuously be worth after 16 years?

It would be worth 428.24 if the interest was added on once each year. If the interest were to be compounded monthly rather than annually the value would be 447.67


What is the future value of 100 after 5 years under 12 percent if compounded annually semiannually quarterly monthly daily?

Annual: 176.23 Semiannually : 179.08 Quarterly: 180.61 Monthly: 181.67 Daily: 182.19 (assuming 365.25 days per year, on average).


A loan at 6 percent interest over 5 years What is the total output?

If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.