The investment has the present worth computed as P = 8000 * (F/P, 4%, 5) * (F/P, 6%, 5)
= 8000*((1+4%)^5)*((1+6%)^5)
= $13025.25
Patrick macle an investment of 8,000 in a savings account 10 years ago. This account paid...
Patrick macle an investment of 8,000 in a savings account 10 years ago. This account paid interest of 4% for the first 5 years and 6% for the remaining 5 years. How much is the investment worth now?
you made an investment of 10,000 in a savings account 8 years ago. this account paid 4% for the first 4 years and 5% for the next 4 years. How much is this investment worth now 3. You made an investment of $10,000 in a savings account 8 years ago. This account paid 4% for the first 4 years and 5% for the next 4 years. How much is this investment worth now? (12 Points)
Anthony invested a sum of money 6 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $24,263.1. How much did he originally invest? Please round the answer to the nearest cent. O $14,500.01 $14,000.01 $15,000.01 $16,000.01 $16,500.01
Betty put $1,450 in a savings account 5 years ago that paid 4 percent simple interest each year. How much more could she have earned over this 5-year period if the interest had compounded annually? A) $35.16 B) $120.73 C) $24.15 D) $28.12 E) $20.32
If you wish to have $800 in a savings account at the end of 4 years, and 5% interest will be paid annually, how much should you put into the savings account now? What is the present worth of a two-part legal settle- ment if the interest rate is 4%?$100,000 is received at the end of Year 1 and $400,000 at the end of Year 5.
You opened a savings account seven years ago and deposited $1,500 at that time. Five years ago, you added another $1,200 to the account. Today, you deposited an additional $600. The rate of return is 6 percent compounded annually. How much was your account worth at the close of business today? a. $4,416.14 b. $4,461.32 c. $4,497.32 d. $4,961.98
You made an investment of $8,000 into an account that paid you an annual interest rate of 3.1 percent for the first 5 years and 7.5percent for the next 10 years. What was your annual rate of return over the entire 15 years?
Answer the question. $100,000 was deposited in a savings account 8 years ago, and the account earned interest at the rate of 10% per year. Assuming the end-of-the-year convention, what is the amount of equal annual withdrawals that can be made to completely deplete the fund 15 years from now if the first withdrawal will be made one year from today?
9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...
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.