Homework Answers
Question 1:
Interest rate is calculated using the RATE function:
=RATE(nper,pmt,pv,fv)
=RATE(3,,-9200,11589.35)
=8%
Question 2:
No. of periods using NPER:
=NPER(rate,pmt,pv,fv)
=NPER(4%,,-45000,64049.03)
=9
Question 3:
Statement 2 is correct.
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10. Finding the interest rate and the number of years The future value and present value...
10. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security of $10,000 will be worth $14,693 five years in the future, assuming that no additional deposits or withdrawals are made, what is the Implied interest rate the investor will earn on the security? O 4.80% O 6.00% O 6.40% O...
Attempts: Average be number of years 4. Finding the interes Aa The future value and pre...
Attempts: Average be number of years 4. Finding the interes Aa The future value and pre correspond to present and quations also help in finding the interest rate and the number of years that value calculations. If a security currently worth $12,800 will be worth $18,807.40 five years in the future, what is the implied interest rate the investor will earn on the setsrity-assuming that no additional deposits or withdrawals are made? O O 8.00% 0.29% 1.47% 6.40% If an...
4. Finding the interest rate and the number of years The future value and present value...
4. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security currently worth $12,800 will be worth $16, 124.31 three years in the future, what is the implied interest rate the investor will earn on the security-assuming that no additional deposits or withdrawals are made? 8.00% 6.40% 7.94% 1.26% for this...
4. Finding the interest rate and the number of years
4. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security currently worth $2,000 will be worth $3,427.65 seven years in the future, what is the implied interest rate the investor will earn on the security-assuming that no additional deposits or withdrawals are made? 8.00% 6.40% 1.71% 5.83%
Please answer ASAP (correctly) Back to Assignment Attempts Keep the Highest: /4 Attention: Due to a...
Please answer ASAP (correctly)
Back to Assignment Attempts Keep the Highest: /4 Attention: Due to a bug in Google Chrome, this page may not function correctly. Click here to learn more. 3. Present value Finding a present value is the reverse of finding a future value. Which of the following is true about finding the present value of cash flows? O Finding the present value of cash flows tells you how much you need to invest today so that it...
me that fixed Financial contracts involving investments, mortgages, loans, and so on are based on either...
me that fixed Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume Interest rates are used throughout this question. Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 11 years? $995.00 $145.00 $1,290.21 $549.05 Now, assume that Emma's...
Problem D. Given the following problem, answer questions 32 to 34. J. Doe is turning 40...
Problem D. Given the following problem, answer questions 32 to 34. J. Doe is turning 40 years old today and plans to retire on his 65h birthday. He starts 15% compounded quarterly. He plans to withdraw $10,000 quarterly from the account making annual deposits (starting on the day of his 40th birthday) into an account that pays starting on his 65th birthday until his 75h birthday (inclusive). Note that the last deposit is made at the same time that the...
Calculate all of the problems in the document below in an Excel spreadsheet or on a...
Calculate all of the problems in the document below in an Excel spreadsheet or on a financial calculator. Please show your work in order to get credit. For each problem, state the inputs given, what you are being asked to find (the missing input), and then use the Finance function to get the correct answer (if using Excel). 1. If you wish to accumulate $100,000 in 5 years, how much must you deposit today in an account that pays an...
Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days...
Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 11% compounded monthly: 11.25% compounded annually %. The effective annual yield for a 11% compounded monthly investment is (Round to two decimal places as needed.) Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 3% compounded semiannually; 2.9% compounded daily %. The effective annual yield for a 3% compounded semiannually investment...
deposit today 25,000 value 10 years from today 50,000 r please help with nuimber 6, but...
deposit today
25,000
value 10 years from today
50,000
r
please help with nuimber 6, but only in EXCEL
CHAPTER 2 The Time Value of Money 47 5. (PV single cash flow) Your friend comes to you with a $2,000 post-dated check. The check is due 2 years from today. If the interest rate is 5%, what is the value of the check today? 6. (PV single cash flow, finding r) If you deposit $25,000 today, Union Bank offers to...
10. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security of $10,000 will be worth $14,693 five years in the future, assuming that no additional deposits or withdrawals are made, what is the Implied interest rate the investor will earn on the security? O 4.80% O 6.00% O 6.40% O...
Attempts: Average be number of years 4. Finding the interes Aa The future value and pre correspond to present and quations also help in finding the interest rate and the number of years that value calculations. If a security currently worth $12,800 will be worth $18,807.40 five years in the future, what is the implied interest rate the investor will earn on the setsrity-assuming that no additional deposits or withdrawals are made? O O 8.00% 0.29% 1.47% 6.40% If an...
4. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security currently worth $12,800 will be worth $16, 124.31 three years in the future, what is the implied interest rate the investor will earn on the security-assuming that no additional deposits or withdrawals are made? 8.00% 6.40% 7.94% 1.26% for this...
4. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security currently worth $2,000 will be worth $3,427.65 seven years in the future, what is the implied interest rate the investor will earn on the security-assuming that no additional deposits or withdrawals are made? 8.00% 6.40% 1.71% 5.83%
Please answer ASAP (correctly)
Back to Assignment Attempts Keep the Highest: /4 Attention: Due to a bug in Google Chrome, this page may not function correctly. Click here to learn more. 3. Present value Finding a present value is the reverse of finding a future value. Which of the following is true about finding the present value of cash flows? O Finding the present value of cash flows tells you how much you need to invest today so that it...
me that fixed Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume Interest rates are used throughout this question. Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 11 years? $995.00 $145.00 $1,290.21 $549.05 Now, assume that Emma's...
Problem D. Given the following problem, answer questions 32 to 34. J. Doe is turning 40 years old today and plans to retire on his 65h birthday. He starts 15% compounded quarterly. He plans to withdraw $10,000 quarterly from the account making annual deposits (starting on the day of his 40th birthday) into an account that pays starting on his 65th birthday until his 75h birthday (inclusive). Note that the last deposit is made at the same time that the...
Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 11% compounded monthly: 11.25% compounded annually %. The effective annual yield for a 11% compounded monthly investment is (Round to two decimal places as needed.) Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 3% compounded semiannually; 2.9% compounded daily %. The effective annual yield for a 3% compounded semiannually investment...
deposit today
25,000
value 10 years from today
50,000
r
please help with nuimber 6, but only in EXCEL
CHAPTER 2 The Time Value of Money 47 5. (PV single cash flow) Your friend comes to you with a $2,000 post-dated check. The check is due 2 years from today. If the interest rate is 5%, what is the value of the check today? 6. (PV single cash flow, finding r) If you deposit $25,000 today, Union Bank offers to...
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