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19_MGMT5433Z01-1920-26505 You plan to invest at a yeaty 11% interest compounded...
For this homework, use compounded interest rate unless it explicitly requires using simple interest. In 12...
For this homework, use compounded interest rate unless it explicitly requires using simple interest. In 12 years from now, you want your investment to be worth $150,000. To the nearest dollar, how much must you invest now in an account that will earn 5% interest compounded annually?
You plan to invest an amount of money in five-year certificate of deposit (CD) at your...
You plan to invest an amount of money in five-year certificate of deposit (CD) at your bank. The stated interest rate applied to the CD is 12 percent, compounded monthly. How much must you invest if you want the balance in the CD account to be $8,500 in five years? Please explain the formula.
please help to do 6 8 9 thank u soooo much 6. If you invest $4700...
please help to do 6 8 9 thank u soooo much
6. If you invest $4700 into an account that pays 4.3% interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10,000. Round all values to the nearest hundredth. 7. June made an initial deposit of $ 2100 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account...
How much money must you invest now at 4.3% interest compounded continuously in order to have...
How much money must you invest now at 4.3% interest compounded continuously in order to have $10,000 at the end of 4 years? You must invest $ (Round to the nearest cent as needed.)
12. Compound interest. You invest $1000 in an account that pays 5% compounded annually. What is...
12. Compound interest. You invest $1000 in an account that pays 5% compounded annually. What is the balance after two years? 13. Compounding using different periods. You invest $2000 in an account that pays an APR of 6%. a. What is the value of the investment after three years if interest is compounded yearly? Round your
d. 12% nominal rate, monthly compounding 2. You plan to invest an amount of money in...
d. 12% nominal rate, monthly compounding 2. You plan to invest an amount of money in five-year certificate of deposit (CD) at your bank. The stated interest rate applied to the CD is 12 percent, compounded annually. How much must you invest if you want the balance in the CD account to be $8,500 in five years? 3. You deposited $1,000 in a savings account that pays 8 percent interest, compounded annually, planning to use it to finish your last...
(a) If Angela has $100 to invest at 2.5% interest per year compounded continuously. How long...
(a) If Angela has $100 to invest at 2.5% interest per year compounded continuously. How long will it take for Angela's investment to double? If she invested $1,000, how will the doubling time change? (b) Suppose April has access to an investment that will pay 10% interest compounded continuously. Which is better to be given s1000 now and invest or be given 51325 after 3 years without investing? (c) A child's grandparents are considering buying an $80,000 face-value, zero-coupon bond...
(1 point) Suppose you invest $18,495.00 into an account earning an interest rate of 2.715% compounded...
(1 point) Suppose you invest $18,495.00 into an account earning an interest rate of 2.715% compounded continuously for 3 year(s) and thereafter earning an interest rate of 4.051% compounded monthly. How much money is in the account after 10 years? The amount in the account is (Note: Your answer should have a dollar sign and be accurate to two decimal places)
8.3-8.6. Using the Finance Formulas potage 2 of 21 15. Suppose you invest $5,000 in a...
8.3-8.6. Using the Finance Formulas potage 2 of 21 15. Suppose you invest $5,000 in a savings account that pays an annual interest rate of 4%. If the interest is compounded monthly, what is the balance in the account after 10 years? 16. You invest $5000 at 2.2% annual interest compounded quarterly. How much do you have after 5 years? 17. Against expert advice, you begin your retirement savings at age 40. You plan on retiring at age 65. How...
Question 9: (2 points) Suppose you have $600 to invest in a savings plan, and you...
Question 9: (2 points) Suppose you have $600 to invest in a savings plan, and you want to compare 4 could invest the money. Find the balance after one year if you deposit all the money into an account that interest each month (this is a simple interest equation where the amount of inte each month). Round answers to the nearest cent Find the balance after one year if you deposit all the money into an account that monthly compounding...
please help to do 6 8 9 thank u soooo much
6. If you invest $4700 into an account that pays 4.3% interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10,000. Round all values to the nearest hundredth. 7. June made an initial deposit of $ 2100 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account...
How much money must you invest now at 4.3% interest compounded continuously in order to have $10,000 at the end of 4 years? You must invest $ (Round to the nearest cent as needed.)
12. Compound interest. You invest $1000 in an account that pays 5% compounded annually. What is the balance after two years? 13. Compounding using different periods. You invest $2000 in an account that pays an APR of 6%. a. What is the value of the investment after three years if interest is compounded yearly? Round your
d. 12% nominal rate, monthly compounding 2. You plan to invest an amount of money in five-year certificate of deposit (CD) at your bank. The stated interest rate applied to the CD is 12 percent, compounded annually. How much must you invest if you want the balance in the CD account to be $8,500 in five years? 3. You deposited $1,000 in a savings account that pays 8 percent interest, compounded annually, planning to use it to finish your last...
(a) If Angela has $100 to invest at 2.5% interest per year compounded continuously. How long will it take for Angela's investment to double? If she invested $1,000, how will the doubling time change? (b) Suppose April has access to an investment that will pay 10% interest compounded continuously. Which is better to be given s1000 now and invest or be given 51325 after 3 years without investing? (c) A child's grandparents are considering buying an $80,000 face-value, zero-coupon bond...
(1 point) Suppose you invest $18,495.00 into an account earning an interest rate of 2.715% compounded continuously for 3 year(s) and thereafter earning an interest rate of 4.051% compounded monthly. How much money is in the account after 10 years? The amount in the account is (Note: Your answer should have a dollar sign and be accurate to two decimal places)
8.3-8.6. Using the Finance Formulas potage 2 of 21 15. Suppose you invest $5,000 in a savings account that pays an annual interest rate of 4%. If the interest is compounded monthly, what is the balance in the account after 10 years? 16. You invest $5000 at 2.2% annual interest compounded quarterly. How much do you have after 5 years? 17. Against expert advice, you begin your retirement savings at age 40. You plan on retiring at age 65. How...
Question 9: (2 points) Suppose you have $600 to invest in a savings plan, and you want to compare 4 could invest the money. Find the balance after one year if you deposit all the money into an account that interest each month (this is a simple interest equation where the amount of inte each month). Round answers to the nearest cent Find the balance after one year if you deposit all the money into an account that monthly compounding...
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Consider...
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