nti You have an investment account that started with $1,000 10 years ago and which now...
account that started with $4,000 10 years ago and which now has grown to $7,000 You have an a. What annual rate of return have you earned (you have made no additional contributions to the account)? b.If the in account earns 17% per year from now on, what will the account's value be 10 years from now? a. What annual rate of return have you earned (you have made no additional contributions to the account)? Your annual rate of return...
9.) You have an investment account that started with $4 comma 000 10 years ago and which now has grown to $8 comma 000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the investment account earns 15 % per year from now on, what will the account's value be 10 years from now? a. What annual rate of return have you earned (you have made no additional contributions...
Suppose you invested $1,000 in stocks 5 years ago and your account is now worth $2,150. Please calculate the annual rate of return on this investment
1. Fifteen years ago, you put away $7,500. Today, that investment is now worth $22,068. What is the average annual rate of return you earned on your investment? 2. Your company takes out a 10-year term loan to borrow $1,325,000 to finance a building expansion. The annual interest rate on the loan is 4.75% and equal payments are made monthly. How much will the monthly payment be? 3. Referring back to question #2, how much...
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)
Ten years ago, an account was opened with an investment of $5000. Its balance is now $8000. If interest was compounded annually, what interest rate was earned on the account? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)
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?
If you deposit $10,000 today in an account that earns 14.5% compounded annually, how much will the account be worth in 45 years? You have the opportunity to purchase an investment that will pay $1,625,000 at the end of 40 years. If your required rate of return on this investment is 13.2%, what is the maximum amount you should be willing to pay for it? Your grandparents deposited a $10,000 birthday check for you when you were...
If you make an initial contribution of $8000 to a retirement account 5 years from now and make annual contributions of $8000 thereafter, after how many contributions will your balance have reached at least $1000000 if your account earns 6% annual interest?
If you make an initial contribution of $8000 to a retirement account 5 years from now and make annual contributions of $8000 thereafter, after how many contributions will your balance have reached at least $1000000 if your account earns 6% annual interest?