Assume you have $3,509 to invest today in an account paying 9% compounded annually. How many...
Question 7 0.2 pts This is an extra credit review problem. It is not required. Assume you have $3,714 to invest today in an account paying 3% compounded annually. How many years will it take before you have $14,611 in your account? Enter your answer as: 12 Round your answer. Do not use a decimal point or any units. Question 8 0.25 pts This is an extra credit review problem. It is not required. You developed a new product that...
Your investment account pays 5.2%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20? Select the correct answer. a. 14.70 b. 13.30 c. 16.10 d. 11.90 e. 10.50
Your investment account pays 7.2%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20? Select the correct answer. a. 8.68 b. 4.48 c. 7.28 d. 10.08 e. 5.88
Question 7 0.2 pts This is an extra credit review problem. It is not required. Assume you have $4,642 to invest today in an account paying 4% compounded annually. How many years will it take before you have $14,975 in your account? Enter your answer as: 12 Round your answer. Do not use a decimal point or any units. Question 8 0.25 pts This is an extra credit review problem. It is not required. You developed a new product that...
1] Assume you have $2,500 to invest today at 5% interest compounded annually Determine how much you will have accumulated in the account at the end of: a) 5 years b) 10 years 2] Assume instead an annuity of $2,500 (which means you will invest $2,500 per year) which will also be compounded at 5% interest annually. Determine how much you will have accumulated in the account at the end of (future value): (Note this problem is for an annuity...
You placed $5,866 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much you will have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places.
You plan to invest in securities that pay 11.6%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20? a. 6.10 b. 4.73 c. 6.43 d. 4.18 e. 5.50
13. How much must you deposit in an account today so that you have a balance of $ 10,974 at the end of 12 years if interest on the account is 9 % p.a., but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). 14. The Milken Company is offering you an investment that promises you $10,000 at the end of 8 years if you invest $ 7,267 today....
You have $5800 to invest today at 11% interest compounded annually. a. Find how much you will have accumulated in the account at the end of (1) 6 years, (2) 12 years, and (3) 18 years. b. Use your findings in part a to calculate the amount of interest earned in (1) the first 6 years (years 1 to 6), (2) the second 6 years (years 7 to 12), and (3) the third 6 years (years 13 to 18). c....
Time value Personal Finance Problem You have S2.100 to invest today at 9% interest compounded annually a. Find how much you will have accumulated in the account at the end of (1) 4 years, (2) 8 years, and (3) 12 years . Use your findings in part a to calculate the amount of interest earned in (1) the first 4 years (years 1 to 4), (2) the second 4 years (years 5 to 8), and (3) the third 4 years...