If you were promised $19546.74 at 5% per year interest if you invested $12000 now, how long would you have to wait?
If you were promised $19546.74 at 5% per year interest if you invested $12000 now, how...
25. How much must be invested now in an account that earns 7% interest per year compounded quarterly for 8 years in order to have $1210 in the account at that time?
Suppose that you have invested in a perpetuity that pays $500 per year. Now, you forecast that the interest rate for the first 50 years to be 5%, but the interest rate will rise to 10% after the year 50. What’s the present value of this perpetuity with this information? Give me the specific explanation plz
if you invested $4200 into an account that pays 14.0% annual interest, how much would be in the account after 20 years? 1, How much must be invested into an account paying 6.5% annual interest to have $15,000 in the account after 4 years? 2, 3. What interest rate is required for a principal to triple in 15 years? 4, $10,000 is invested into an account paying 6% annual interest. How long will it take the $10,000 5. If $1000...
Your grandmother invested $2,300 for you on the day you were born. This investment has earned an average of 13.8 percent annually. How old are you if the investment is now worth $18,642? O 14.36 years 14.58 years 15.15 years 16.19 years You just inherited $7100 which you are investing at 7.25 percent interest. How long will you have to wait un your account reaches a value of $12,000 O 6.96 years O 8.34 years O 7.50 years O 8.55...
Your grandmother promised to give you $100 today and $100 a year from now, 2 years from now, 3 years from now, 4 years from now, and 5 years from now. Given that the current interest rate is 3% compounded annually, what is the present value of this stream of cash flows?
1 Your grandmother invested $2,300 for you on the day you were born. This investment has earned an average of 13.8 percent annually. How old are you if the investment is now worth $18,642? 14.36 years 14.58 years 15.15 years 16.19 years 2. You just inherited $7,100 which you are investing at 7.25 percent interest. How long will you have to wait until your account reaches a value of $12,000? 6.96 years 8.34 years 7.50 years 8.55 years 3. First...
4. If you had $2,000 now and invested it at 10% interest compounded annually, how much would it be worth in eight years? Draw the cash flow diagram. ulou norintion on the hond theme for some investors. What
If you open a savings account that earns 6.5% simple interest per year, what is the minimum number of years you must wait to double your balance? Suppose you open another account that earns 5% interest compounded yearly. How many years will it take now to double your balance? The minimum number of years you must wait to double your balance is__________for the simple interest of 6.5%. (Round up to the nearest whole number.) The minimum number of years you...
If $1,000 were invested now at a 12% interest rate compounded annually, what would be the value of the investment in two years D 30. Your current bank is paying 6.25% simple interest rate. You can move your savings account to Harris Bank that pays 6.25% compounded annually or to First Chicago bank paying 6% compounded semi-annually. To maximize your return you would choose: First Chicago bank Harris Bank your current bank you are indifferent, because the effective interest rate...
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...