Patricia wants to invest a sum of money today that will yield $18,000 at the end...
Patricia wants to invest a sum of money today that will yield $18,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? $12,690 $16,920 $10,800 $15,851 $15,851
Homework Answers
Future Value = 18,000
No of years = 6
Interest rate =6%
Present value factor = 0.705
Amount to be invested today = 18,000 x 0.705
=12,690
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Patricia wants to invest a sum of money today that will yield
$18,000 at the end...
Patricia wants to invest a sum of money today that will yield $17,000 at the end...
Patricia wants to invest a sum of money today that will yield $17,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today?
Marshall has received an inheritance and wants to invest a sum of money today that will...
Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,200 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today? $52,000.00 $49,400.00 $46,930.00 $40,152.84 $104,000.00
Marshall has received an inheritance and wants to invest a sum of money today that will...
Marshall has received an inheritance and wants to invest a sum of money today that will yield $5700 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today? (Use appropriate factor(s) from the tables provided.) A) $44,013.69 B) $114,000.00 C) $54,150.00 D) $57,000.00 E) $51,442.50
Marshall has received an inheritance and wants to invest a sum of money today that will...
Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,000 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Marshall has received an inheritance and wants to invest a sum of money today that will...
Marshall has received an inheritance and wants to invest a sum of money today that will yield $4,800 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) a. 96,000.00 b. 37,064.16 c. 48,000.00 d. 45,600.00 e. 43,320.00 Portia Grant...
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1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...
Rita just hit a modest lottery jackpot and wants to invest a lump sum so that...
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her secured investments. How much should she invest today to meet this purpose? 3. Amna wants...
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1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...
her secured investments. How much should she invest today to meet this purpose? 3. Amna wants to deposit $5000 into a saving fund at the beginning of each month. If she can earn 12% compounded interest semiannually how much amount will be there in he saving fund at the end of 8 years?
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