If Colleen Mooney invests $5,122.90 now and she will receive $12,900 at the end of 12...
If Colleen Mooney invests $5,122.90 now and she will receive $12,900 at the end of 12 years, what annual rate of interest will Colleen earn on her investment? Annual rate of interest %?
Homework Answers
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
12,900=5,122.90*(1+r/100)^12
(12,900/5,122.90)^(1/12)=(1+r/100)
(1+r/100)=1.08
r=1.08-1
=8%
Add Answer to:
If Colleen Mooney invests $5,122.90 now and she will receive
$12,900 at the end of 12...
If Colleen Mooney invests $3,400.25 now and she will receive $13,500 at the end of 16...
If Colleen Mooney invests $3,400.25 now and she will receive
$13,500 at the end of 16 years, what annual rate of interest will
Colleen earn on her investment? (Hint: Use Present value
of 1 factor table.) (Round answer to 0 decimal places,
e.g. 25%.)
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
Annual rate of interest
%
Click if you would like to
Show Work for this...
Brief Exercise A-18 If Colleen Mooney invests $9,610.38 now and she will receive $18,000 at the...
Brief Exercise A-18 If Colleen Mooney invests $9,610.38 now and she will receive $18,000 at the end of 16 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Present value of 1 factor table.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest
Brief Exercise G-19 Colleen Mooney invest $9.990 58 now and she will receive $17,300 at the...
Brief Exercise G-19 Colleen Mooney invest $9.990 58 now and she will receive $17,300 at the end of 14 years, what annual rate of interest will con e deciples 25 car on her investment Cent Use Table 3.) (Round answer Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of Click here to view the factor table Present Value of 1 Click here to view the...
Annual rate of interest % nment CALCOLATOR IUL L SCREEN PRINTERVIRSİON 4BACK Question 4 If Colleen...
Annual rate of interest %
nment CALCOLATOR IUL L SCREEN PRINTERVIRSİON 4BACK Question 4 If Colleen Mooney invests $3,402.39 now and she will receive $11,500 at the end of 18 years, what annual rate of interest will Colleen earn on her investment? (Hint Use Present value of 1 factor table.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual...
Brief Exercise G-20 If Britney Cozart invests $9,162.20 now and she will receive $20,000 at the end of 16 years, what annual rate of interest will Britney earn on her investment? (Hint: Use Table 3.)...
Brief Exercise G-20 If Britney Cozart invests $9,162.20 now and she will receive $20,000 at the end of 16 years, what annual rate of interest will Britney earn on her investment? (Hint: Use Table 3.) (Round answer to 0 decimal places, eg, 25%.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided Annual rate of interest
Brief Exercise G-20 If Britney Cozart invests $9,162.20 now and she will receive $20,000 at the end of 16...
Determine the annual rate of return will Keiko earn is she invests the above amounts today...
Determine the annual rate of
return will Keiko earn is she invests the above amounts today and
receives the corresponding amounts in the years
listed. round the percentage to two decimal places.
Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces. a. Invest $380.00 and receive $768.19 in 11 years. b. Invest $2,600.00 and receive $12,833.97 in 15 years. c. Invest $31,589.26 and receive $120,000.00...
1. Meagan invests $1,200 each year in an IRA for 12 years in an account that...
1. Meagan invests $1,200 each year in an IRA for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years. a. [3 pts] What was the value of the IRA at the end of 12 years? b. [2 pt] What was the value of the investment at the end of the...
Sun Lee has $500 today. Which one of the following statements is correct if she invests...
Sun Lee has $500 today. Which one of the following statements is correct if she invests this money at a positive rate of interest for five years? O The higher the interest rate, the longer she has to wait for her money to grow to $1,000 in value. O o O O The higher the interest rate she earns, the more money she will have in the future. If Sun Lee can earn 7%, she will have to wait about...
1. Meagan invests $1,200 each year in an IRA for 12 years in an account that...
1. Meagan invests $1,200 each year in an IRA for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years. a. [3 pts] What was the value of the IRA at the end of 12 years? Formula 1 Work* 1.5 I Answef 0.5 b. [2 pts] What was the value of...
To receive $1,400 at the end of every six months for 12 years from a $15,500...
To receive $1,400 at the end of every six months for 12 years from a $15,500 investment, what nominal rate of interest, compounded semi-annually must you earn? % Round to two decimal places
If Colleen Mooney invests $3,400.25 now and she will receive
$13,500 at the end of 16 years, what annual rate of interest will
Colleen earn on her investment? (Hint: Use Present value
of 1 factor table.) (Round answer to 0 decimal places,
e.g. 25%.)
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
Annual rate of interest
%
Click if you would like to
Show Work for this...
Brief Exercise A-18 If Colleen Mooney invests $9,610.38 now and she will receive $18,000 at the end of 16 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Present value of 1 factor table.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest
Brief Exercise G-19 Colleen Mooney invest $9.990 58 now and she will receive $17,300 at the end of 14 years, what annual rate of interest will con e deciples 25 car on her investment Cent Use Table 3.) (Round answer Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of Click here to view the factor table Present Value of 1 Click here to view the...
Annual rate of interest %
nment CALCOLATOR IUL L SCREEN PRINTERVIRSİON 4BACK Question 4 If Colleen Mooney invests $3,402.39 now and she will receive $11,500 at the end of 18 years, what annual rate of interest will Colleen earn on her investment? (Hint Use Present value of 1 factor table.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual...
Brief Exercise G-20 If Britney Cozart invests $9,162.20 now and she will receive $20,000 at the end of 16 years, what annual rate of interest will Britney earn on her investment? (Hint: Use Table 3.) (Round answer to 0 decimal places, eg, 25%.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided Annual rate of interest
Brief Exercise G-20 If Britney Cozart invests $9,162.20 now and she will receive $20,000 at the end of 16...
Determine the annual rate of
return will Keiko earn is she invests the above amounts today and
receives the corresponding amounts in the years
listed. round the percentage to two decimal places.
Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces. a. Invest $380.00 and receive $768.19 in 11 years. b. Invest $2,600.00 and receive $12,833.97 in 15 years. c. Invest $31,589.26 and receive $120,000.00...
1. Meagan invests $1,200 each year in an IRA for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years. a. [3 pts] What was the value of the IRA at the end of 12 years? b. [2 pt] What was the value of the investment at the end of the...
Sun Lee has $500 today. Which one of the following statements is correct if she invests this money at a positive rate of interest for five years? O The higher the interest rate, the longer she has to wait for her money to grow to $1,000 in value. O o O O The higher the interest rate she earns, the more money she will have in the future. If Sun Lee can earn 7%, she will have to wait about...
1. Meagan invests $1,200 each year in an IRA for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years. a. [3 pts] What was the value of the IRA at the end of 12 years? Formula 1 Work* 1.5 I Answef 0.5 b. [2 pts] What was the value of...
To receive $1,400 at the end of every six months for 12 years from a $15,500 investment, what nominal rate of interest, compounded semi-annually must you earn? % Round to two decimal places
Most questions answered within 3 hours.
-
MKT2283 Sales Management Week 2 Assignment
Making Sales Management Decisions – Pronto Retail
Centers
Sales Management,...
asked 18 seconds from now -
Uranium is distributed in a form called yellow cake, which is
made from uranium ore. In...
asked 10 minutes ago -
Python:
Write a func that will create a list of random numbers. The
function will take...
asked 14 minutes ago -
Which of the following statements below is correct? There might
be more than one correct answer....
asked 16 minutes ago -
You find that the annual standard deviation of a stock's returns
is equal to 35%. For...
asked 21 minutes ago -
A 2,000 kg car is traveling at 20.0 m/s down a long mountain
grade of 1.00%....
asked 29 minutes ago -
A baseball is hit almost straight up into the air with a speed
of 26 m/s...
asked 36 minutes ago -
In C++, what is the easiest way to have a program ask for first,
middle and...
asked 35 minutes ago -
1. When evaluating a source in a magazine, journal, newspaper,
or website, which one is NOT...
asked 43 minutes ago -
Write the vb.Net code that displays a 2-column table in a
textbox, displaying (1,2,3, ...., 100) in...
asked 47 minutes ago -
When 96.3 g of alanine C3H7NO2 are dissolved in 500. g of a
certain mystery liquid...
asked 50 minutes ago -
Mc Donald's and like natural ways of life have gigantic
financial support and a great deal...
asked 52 minutes ago