Sue now has $450. How much would she have after 5 years if she leaves it...
Sue now has $450. How much would she have after 5 years if she leaves it invested at 5% with annual compounding?
Homework Answers
| Amount after 5 years = $574.33 | |
| Statement showing Computations | |
| Particulars | Amount |
| Amount now | 450.00 |
| Time in years | 5.00 |
| Interest rate | 5% |
| Amount after 5 years =450*(1.05)^5 | 574.33 |
Add Answer to:
Sue now has $450. How much would she have after 5 years if she
leaves it...
Sue now has $125. How much would she have after 8 years if she leaves it...
Sue now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? $205.83 $216.67 $228.07 $240.08 $252.08 Suppose the U.S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5,000. What interest rate would you earn if you bought this bond at the offer price? 3.82% 4.25% 4.72% 5.24%...
Billy Bob has $1000. How much would he have after 12 years if he leaves it...
Billy Bob has $1000. How much would he have after 12 years if he leaves it invested at 10.7% with annual compounding. (Answer in $s to the nearest cent, i.e. xxxx.xx with no $ sign needed.)
Billy Bob has $1000. How much would he have after 8 years if he leaves it...
Billy Bob has $1000. How much would he have after 8 years if he leaves it invested at 1.5% with annual compounding? (Answer in $s to the nearest cent, i.e. xxxx.xx with no $ sign needed.)
Question 18 What's the future value of $1,600 after 5 years if the appropriate interest rate...
Question 18 What's the future value of $1,600 after 5 years if the appropriate interest rate is 6%, compounded monthly? $2,179.74 $2,417.14 $2,676.12 $2,093.42 $2,158.16 stion 1 Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be finance entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital. which means that the firm must have an ROE...
Sue will need $120,000 to refurbish her house at the comer of a main road into a cake shop in 5 years. She has a s...
Sue will need $120,000 to refurbish her house at the comer of a main road into a cake shop in 5 years. She has a saving account which earn 3.47% p.a. compounding quarterly and she is able to deposit $800 into that account at the end of each month for 5 years. a) Will Sue have enough money after 5 years? If not, how much is in short? Show all calculations. (4 marks) b) Even if Sue may not have...
Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for...
Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for her finances and how she can set herself up for financial success! She has an after tax income of $48,000 and budgets $30,000 for necessary expenses. This leaves $18,000 to spend on debt and savings annually. (Assume all annuity payments are in the form of ordinary annuities.) Part A: Debt Sue has a current balance...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
How much do you have to invest now if you want to have $1500 after 5...
How much do you have to invest now if you want to have $1500 after 5 years? You can invest at 4 3/8 % compounded quarterly.
How much will $20,000 invested today at 3 percent interest be worth in 5 years if...
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-
if you invested $4200 into an account that pays 14.0% annual interest, how much would be...
if you invested $4200 into an account that pays 14.0% annual interest, how much would be in the account after 20 years? 1, How much must be invested into an account paying 6.5% annual interest to have $15,000 in the account after 4 years? 2, 3. What interest rate is required for a principal to triple in 15 years? 4, $10,000 is invested into an account paying 6% annual interest. How long will it take the $10,000 5. If $1000...
Question 18 What's the future value of $1,600 after 5 years if the appropriate interest rate is 6%, compounded monthly? $2,179.74 $2,417.14 $2,676.12 $2,093.42 $2,158.16 stion 1 Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be finance entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital. which means that the firm must have an ROE...
Sue will need $120,000 to refurbish her house at the comer of a main road into a cake shop in 5 years. She has a saving account which earn 3.47% p.a. compounding quarterly and she is able to deposit $800 into that account at the end of each month for 5 years. a) Will Sue have enough money after 5 years? If not, how much is in short? Show all calculations. (4 marks) b) Even if Sue may not have...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
if you invested $4200 into an account that pays 14.0% annual interest, how much would be in the account after 20 years? 1, How much must be invested into an account paying 6.5% annual interest to have $15,000 in the account after 4 years? 2, 3. What interest rate is required for a principal to triple in 15 years? 4, $10,000 is invested into an account paying 6% annual interest. How long will it take the $10,000 5. If $1000...
Most questions answered within 3 hours.
-
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 7 minutes ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 2 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 3 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 4 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 5 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 6 hours ago -
In a study of the accuracy of fast food​ drive-through orders,
Restaurant A had 257 accurate...
asked 6 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 6 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 6 hours ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 6 hours ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 6 hours ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 6 hours ago