You need $100,000 in three years. You currently have $75,000 that can be invested. Approximately, what...
You need $100,000 in three years. You currently have $75,000 that can be invested. Approximately, what annual interest rate must be earned to accumulate the $100,000 three years from now?
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You need $100,000 in three years. You currently have $75,000
that can be invested. Approximately, what...
1) You are 50 years old and proud of having $75,000 invested in a mutual fund...
1) You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. You want to retire when you are 65 years old and are confident you'll reach your goal of $1,000,000 by then. Will you make it? If not, what yield would see that you do? 2) Jack and Jill want to retire when they accumulate $1,500,000 in their individual retirement funds. They figure that they can just live off...
1. Charleston Painless Surgery Center currently has $100,000 in excess cash. Meredith wants to invest the...
1. Charleston Painless Surgery Center currently has $100,000 in excess cash. Meredith wants to invest the cash in a three-year bank certificate of deposit (CD) where, at maturity, the buyer receives the principal plus accumulated interest. a. What is the future value of the CD if it pays 2 percent interest compounded annually? 1 percent? 3 percent? (Hint: Use Excel’s “FV” function.) b. Big Bank offers a CD with 3 percent nominal (stated) interest that is compounded monthly. What is...
6. What will $150,000 grow to be in 15 years if it is invested in an account...
6. What will $150,000 grow to be in 15 years if it is invested in an account with a quoted annual interest rate of 10% with monthly compounding of interest? 7. How many years will it take for $200,000 to grow to be $600,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest? 8. At what quoted annual interest rate must $135,000 be invested so that it will grow to be $460,000...
Suppose that you invested $100,000 in a business venture a number of years ago, your annual...
Suppose that you invested $100,000 in a business venture a number of years ago, your annual rate of return has been 11% and you have been given an offer of $283,942.00 to purchase your share of the business. How many years (round to the nearest whole year) have you been invested in the business (i.e. assume you invested on January 1, 200X and it is now December 31, 20XX)? Group of answer choices A. 8 years D. 10 years B. 11...
Bus Econ 10.6.19 E Question Help A company must pay a $304,000 settlement in 5 years....
Bus Econ 10.6.19 E Question Help A company must pay a $304,000 settlement in 5 years. (a) What amount must be deposited now at 4% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $100,000 now. How much more will be needed in u years? (d) Suppose the company can deposit $100,000 now in an account that pays interest continuously. What interest rate would they need...
1) Investment X for 100,000 is invested at a nominal rate of interest, j, convertible semi-annually....
1) Investment X for 100,000 is invested at a nominal rate of interest, j, convertible semi-annually. After four years, it accumulates to 214,358.88. Investment Y for 100,000 is invested at a nominal rate of discount, k, convertible quarterly. After two years, it accumulates to 232,305.73. Investment Z for 100,000 is invested at an annual effective rate of interest equal to j in year one and an annual effective rate of discount equal to k in year two. Calculate the value...
You need $40,000 in ten years for the purchase of a new car for your nephew...
You need $40,000 in ten years for the purchase of a new car for your nephew who will be graduating college. You currently have $20,000 saved and want to invest it for ten years at a 6% rate of return. Will you be able to achieve your investment goal in ten years? Answer If not, then how much more would you need to invest today, instead of the $20,000, to accumulate that goal in ten years? Answer If not, and you...
A company must pay a $308, 000 settlement in 3 years. (a) What amount must be deposited now at 8% compounded semiannually to have enough money for the settlement? (b) How much interest will be e...
A company must pay a $308, 000 settlement in 3 years. (a) What amount must be deposited now at 8% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $100, 000 now. How much more will be needed in 3 years? (d) Suppose the company can deposit $100 ,000 now in an account that pays interest continuously. What interest rate would they need to accumulate the...
1. (PMT =?) You wish to have $181,382 in a retirement account 12 years from now....
1. (PMT =?) You wish to have $181,382 in a retirement account 12 years from now. What payment would you have to make every year starting next year in the interest rate 6.7%? 2. (PMT, PV =?) You just won the lottery and will receive an annual payment of $ 10,680 every year fro the next 14 years stating one year from today. If the annual interest rate is 12.2%, what is the present value of the winnings? 3. (PMT,...
You invested $100,000 into an account 25 years ago. The investment is now worth $350,000. Calculate...
You invested $100,000 into an account 25 years ago. The investment is now worth $350,000. Calculate the interest rate if the investment was compounded semi-annually.
1) You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. You want to retire when you are 65 years old and are confident you'll reach your goal of $1,000,000 by then. Will you make it? If not, what yield would see that you do? 2) Jack and Jill want to retire when they accumulate $1,500,000 in their individual retirement funds. They figure that they can just live off...
Bus Econ 10.6.19 E Question Help A company must pay a $304,000 settlement in 5 years. (a) What amount must be deposited now at 4% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $100,000 now. How much more will be needed in u years? (d) Suppose the company can deposit $100,000 now in an account that pays interest continuously. What interest rate would they need...
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