What is $1,000 invested today at 8% compounded monthly worth in 20 years?
What is $1,000.00 received every month for 5 years plus $5,000 received after all the other payments worth today if the interest rate is 8%
Please show work or how to do it on the calculator.
a) | Future value | =fv(rate,nper,pmt,pv) | rate | = | 8%/12 | = | 0.00666667 | |||
= $ 4,926.80 | nper | = | 20*12 | = | 240 | |||||
pmt | = | 0 | ||||||||
pv | = | $ -1,000.00 | ||||||||
b) | Present value | =-pv(rate,nper,pmt,fv) | rate | = | 8%/12 | = | 0.00666667 | |||
= $ 52,674.49 | nper | = | 5*12 | = | 60 | |||||
pmt | = | $ 1,000.00 | ||||||||
fv | = | $ 5,000.00 |
What is $1,000 invested today at 8% compounded monthly worth in 20 years? What is $1,000.00...
What amount will be accumulated in four years if $10,000 is invested today at six percent interest compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. You are scheduled to be paid $10,000 in four years. What amount today is equivalent to the $10,000 to be received in four years assuming interest is compounded annually at six percent? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. What...
How much will $20,000 invested today at 3 percent interest be worth in 5 years if it is compounded annually? How much will it be worth in 5 years if compounded monthly? Value Today- Rate- Number of years- Months per year- Compounding periods- Rate per quarter- Annual FV- Monthly FV-
You have $2000 that you invested in an account t today. Interest is compounded monthly and you will withdaw $4000 in exactly 10 years. What is the nominal interest rate?
ou have $2000 that you invested in an account t today. Interest is compounded monthly and you will withdraw $4000 in exactly 10 years. What is the effective interest rate?
Please show work 10. 8 If money is worth j 8%, what single replace $1000 due today plus a $2000 debt due at the end of 4 years with interest at 123% per annum compounded semi-annually? sum of money payable at the end of 2 years will equitably 10. 8 If money is worth j 8%, what single replace $1000 due today plus a $2000 debt due at the end of 4 years with interest at 123% per annum compounded...
1) You plan to deposit $1,000 every month into an account paying 6% compounded monthly for the next 5 years. How much will you accumulate over this five year period? 2) What is the future value interest factor of an annuity for #1? 3) If you plan to make annual payments instead of the monthly payments indicated in #1 above, how much will you have to deposit annually to have the same sum accumulated in five years as in #1...
1. Assume that it takes 11.5 years for $1,000 to accumulate to $3,000 if you earn 10% per year. What will happen to the length of time needed for $1,000 to accumulate to $3,000 if the interest rate increases? A. Stay the same? B. Impossible to determine C. Increase D. Decrease 2. Assume that it takes an investment of $3,507 today to accumulate to $5,000 in 3 years when the interest rate is 12% per year compounded quarterly. How much...
Question 2 1 pts You invested $11,000, 11 years ago, and today the investment is worth $26,000. At what annual interest rate was the money invested, assuming the interest was compounded annually? Express your answer in % to the nearest 1/10%.
10 POI I Calculate the future worth of a $1,000 (invested today) 6 years from now if the rate of return is 10%.
3. a) b) Victoria invested her savings in a bank at 2.75% compounded monthly. How much money did she invest to enable withdrawals of $3,000 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 12 years? Round to the nearest cent How much would a business have to invest in a fund to receive $13,000 at the end of every month for 5 years? The fund has...