Homework Answers
Add Answer to:
25-27
-30. Use the following to answer questions 25-27 (round to nearest whole dollar) Each of...
Each of the following people below has invested the following amounts today and will keep the...
Each of the following people below has invested the following amounts today and will keep the money invested for the next ten years. Determine the amount the investment will accumulate over the ten (10) year period. Investment amount today Interest rate Compounding A $50,000 6.0% Quarterly B 50,100 6.0% Semiannually C 50,000 6.0% Monthly D 50,500 6.0% Annually 25. $__________ Determine the accumulated investment amount for A’s investment for the 10 year period(round to nearest dollar)? 26. $___________ Determine the accumulated...
Use the following to answer questions 28 – 29 (round to nearest whole dollar) The four...
Use the following to answer questions 28 – 29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract amount How contract is paid Actor 1 $2,500,000 Lump sum in 4 years Actor 2 2,650,000 Lump sum in 5 years Actor 3 760,000 Every year for 3 years Actor 4 590,000 Every year for 4 years Assume an annual discount rate of...
Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors below have just signed...
Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract How contract is paid amount Actor 1 $2,500,000 Lump sum in 4 years Actor 2 2,650,000 Lump sum in 5 years Actor 3 760,000 Every year for 3 years Actor 4 590,000 Every year for 4 years Assume an annual discount rate of 5%...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 8 years at 3% if the interest is compounded in the following ways. _________annually __________quarterly Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 25% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 2.1% per month.] ________% Since 2007, a particular fund returned 13.9% compounded monthly....
following questions relating to Use the following to answer questions 1-3 (Round answers to the nearest...
following questions relating to Use the following to answer questions 1-3 (Round answers to the nearest dollar) BA Corp issues 6.0%, 5-year bonds with a total face amount of $500,000. The market interest rate for bonds of similar risk and maturity is 5.8%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE 500,000 46% x 6/12 = THE PROBLEM SETN =10 FV-500,000 Tly -.029 PMT=300,000 1. $ 300 000 How much will be paid in interest...
Please answer the ??? on questions A, B, and C A. Find the final amount in...
Please answer the ??? on questions A, B, and C A. Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $678 per month invested at 6%, compounded monthly, for 3 years; then $784 per month invested at 7%. compounded monthly for 3 years. What is the amount in the account after 6 years ??? (Round to the nearest dollar as needed.) B. Find the...
Round the answers to the nearest cent please . Points) DETAILS SPRECALC7 4.2.035. $500 is invested...
Round the answers to the nearest cent please .
Points) DETAILS SPRECALC7 4.2.035. $500 is invested at an interest rate of 2.5% per year, find the amount of the investment at the end of 15 years for the following compounding methods.( (a) Annually $ (b) Semiannually $ (c) Quarterly $ (d) Continuously $
Use the following to answer questions 25 – 27 On January 1, year 1, ST borrows...
Use the following to answer questions 25 – 27 On January 1, year 1, ST borrows $27,000 to purchase a new vehicle by agreeing to a 5.5%, 5-year note with the bank. Payments of $515.73 are due at the end of each month with the first installment due on January 31, year 1. ROUND YOUR ANSWERS TO THE NEAREST CENT. 25. After the first car payment (installment) is made the amount owed on the vehicle would be: $_________.__ __ 26. Determine interest...
Find the following values. Use proper documentation and round to two decimal place.: 1. The future...
Find the following values. Use proper documentation and round to two decimal place.: 1. The future value of a lump sum of $12,500 invested today at 8 percent, annual compounding for 10 years. 2.. The future value of a lump sum of $12,500 invested today at 8 percent, quarterly compounding for 10 years. 3. The present value of $12,500 to be received in 10 years when the discount rate is 8 percent, annual compounding. 4. The present value of $12,500...
You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to draw $240,000 per year for the next 30 years (based on family history you th...
You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to draw $240,000 per year for the next 30 years (based on family history you think you'll live to age 70 You plan to save for retirement by making 10 equal annual installments from age 30 to age 40 into a fairly risky investment fund that you expect will earn 14% per ar. You will leave...
Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract How contract is paid amount Actor 1 $2,500,000 Lump sum in 4 years Actor 2 2,650,000 Lump sum in 5 years Actor 3 760,000 Every year for 3 years Actor 4 590,000 Every year for 4 years Assume an annual discount rate of 5%...
following questions relating to Use the following to answer questions 1-3 (Round answers to the nearest dollar) BA Corp issues 6.0%, 5-year bonds with a total face amount of $500,000. The market interest rate for bonds of similar risk and maturity is 5.8%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE 500,000 46% x 6/12 = THE PROBLEM SETN =10 FV-500,000 Tly -.029 PMT=300,000 1. $ 300 000 How much will be paid in interest...
Round the answers to the nearest cent please .
Points) DETAILS SPRECALC7 4.2.035. $500 is invested at an interest rate of 2.5% per year, find the amount of the investment at the end of 15 years for the following compounding methods.( (a) Annually $ (b) Semiannually $ (c) Quarterly $ (d) Continuously $
You are planning for a very early retirement. You would like to retire at age 40 and have enough money saved to be able to draw $240,000 per year for the next 30 years (based on family history you think you'll live to age 70 You plan to save for retirement by making 10 equal annual installments from age 30 to age 40 into a fairly risky investment fund that you expect will earn 14% per ar. You will leave...
Most questions answered within 3 hours.
-
The energy required to remove an electron from a surface of a
solid element is called...
asked 12 minutes ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 35 minutes ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 1 hour ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 2 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 4 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 4 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 5 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 7 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 7 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 7 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 7 hours ago