ZuoTi.Pro
Question

C-1. Calculate the future value of an investment of $463 for 10 years earning an interest of 9% (Round your answer to 2 decim
e. Assume that the average price of a new home is $158,500. If new homes are increasing at a rate of 10% per year, how much w
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

C-1 Future value of investment in eight years 463*2.36736367457 = $1096.09

E the cost of new home in eight years 158500* 2.14358881= $339758.83

0 0
Add a comment
Know the answer?
Add Answer to:
C-1. Calculate the future value of an investment of $463 for 10 years earning an interest...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Homework Provided are links to the present and future value tables: PV of $1. EV of...

    Homework Provided are links to the present and future value tables: PV of $1. EV of $1. PVA of $1. and EVA of $1 (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $40,000 in five years? Annual Interest rate is 8%. b. Assume that you are saving up for a trip around the world when you graduate in three...

  • Provided are links to the present and future value tables: (PV of $1, FV of $1,...

    Provided are links to the present and future value tables: (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $54,000 in five years? Annual interest rate is 8%. b. Assume that you are saving up for a trip around the world when you graduate in two years....

  • Calculate the following.      a. The future value of $460 eight years from now at 7...

    Calculate the following.      a. The future value of $460 eight years from now at 7 percent. (Round your final answer to 2 decimal places.) b. The future value of $500 saved each year for 7 years at 5 percent. (Round your final answer to 2 decimal places.)    c. The amount a person would have to deposit today (present value) at an interest rate of 6 percent to have $2,200 five years from now. (Round your final answer to...

  • Can you answer the How much is interest earned on interest? Consider a $2.200 deposit earning...

    Can you answer the How much is interest earned on interest? Consider a $2.200 deposit earning 7 percent interest per year for six years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Future value 3,301.61 How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Total interest earned $...

  • Consider a $4,500 deposit earning 10 percent interest per year for ten years. What is the...

    Consider a $4,500 deposit earning 10 percent interest per year for ten years. What is the future value? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Future value eBook Print How much total interest is earned on the original deposit? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) etorences Total interest earned How much is interest earned on interest? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Interest...

  • Tran Lee plans to set aside $3,200 a year for the next six years, earning 5...

    Tran Lee plans to set aside $3,200 a year for the next six years, earning 5 percent. What would be the future value of this savings amount? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) ® Answer is complete but not entirely correct. Future value $ 30,557.15

  • what is part two 1BF the work you have completed so far, it does not indicate come 10 Problem 4-22 Interest-on-Inter...

    what is part two 1BF the work you have completed so far, it does not indicate come 10 Problem 4-22 Interest-on-Interest (LG4-3) 2.5 points Consider a $4,800 deposit earning 10 percent interest per year for ten years. What is the future value? (Do not round Intermediate calculations, Round your answer to 2 decimal places. Answer is complete and correct. $ 12.449.95 Future value How much total interest is earned on the original deposit? (Do not round Intermediate calculations. Round your...

  • Consider a $5800 deposit earning 8% interest per year for eight years Chec Consider a $5.800...

    Consider a $5800 deposit earning 8% interest per year for eight years Chec Consider a $5.800 deposit earning 8 percent interest per year for eight years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value ok nt ow much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 de Places.) ences Total interest earned int How much is interest earned on...

  • Consider a $4,700 deposit earning 9 percent interest per year for 9 years. What is the future value? (Do not round inter...

    Consider a $4,700 deposit earning 9 percent interest per year for 9 years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2.To borrow $1,400, you are offered an add-on interest...

  • I need help with part b. Thank you. Provided are links to the present and future...

    I need help with part b. Thank you. Provided are links to the present and future value tables: (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $45,000 in five years? Annual interest rate is 8%. b. Assume that you are saving up for a trip around...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT