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13. Present value: You want to buy some bonds that will have a value of1,000 at...
You invest $200 in a mutual fund today that pays 9 percent interest annually. How long...
You invest $200 in a mutual fund today that pays 9 percent interest annually. How long will it take to double your money? Round answer to 2 decimal places. You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow 1,424 and agree to pay back 1,686 in 2 years. What rate of interest is your uncle charging you? Provide answer as 3 decimals. 5.2% would be...
You are in desperate need of cash and turn to your uncle, who has offered to...
You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,360 and agree to pay back $1,570 in two years. (a1) What annual interest rate is your uncle charging you? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to two decimal places, e.g. 8.72%.) Rate of interest charged by uncle
Complex present value) You would like to have $56 comma 000 in 16 years. To accumulate...
Complex present value) You would like to have $56 comma 000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should...
(Complex present value) You would like to have $30,000 in 16 years. To accumulate this amount...
(Complex present value) You would like to have $30,000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 7 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum...
You are in desperate need of cash and turn to your uncle, who has offered to...
You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,500 and agree to pay back $1,710 in two years. (a 1) What annual interest rate is your uncle charging you? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to two decimal places, e.g. 8.72%.) Rate of interest charged by uncle Attempts: 0...
1. How might you relate the “time value of money” concept to something in your life?...
1. How might you relate the “time value of money” concept to something in your life? For example, how does it apply to repaying student loans, or to other financial obligations or assets you currently have? 2. If you loan Jack $5,000 at 5% for one year, and the inflation rate is 10%, how much do you lose, or gain, in purchasing power during that year? 3.Jordan Jessup is planning to invest $25,000 in a mutual fund that will provide...
Present value What is the present value of a security that will pay $20,000 in 20...
Present value What is the present value of a security that will pay $20,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent. Time for a lump sum to double How long will it take $500 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. a. 3% year(s) b. 9% year(s) c. 21%. year(s) d. 100%. year(s) Time for a...
What is the present value of a security that will pay $44,000 in 20 years if...
What is the present value of a security that will pay $44,000 in 20 years if securities of equal risk pay 12% annually? Do not round intermediate calculations. Round your answer to the nearest cent. $ -4561.34 2)You need $11,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like you to make annual payments for 6 years, with the first payment to be made one year from...
10. Present value: Maria Addai has been offered a future payment $750 of compounded annually, on...
10. Present value: Maria Addai has been offered a future payment $750 of compounded annually, on her investment, what should she pay for this investment today? two years from now. If she can earn 6.5 percent, 11. Present value: Your brother has asked you for a loan and has promised to pay you$7,750 at the end of three years. If you normally invest to earn 6 percent per year, how much will you be willing to lend to your brother...
1) Loan amortization and EAR You want to buy a car, and a local bank will...
1) Loan amortization and EAR You want to buy a car, and a local bank will lend you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 11% with interest paid monthly. What will be the monthly loan payment? Round your answer to the nearest cent. $ What will be the loan's EAR? Round your answer to two decimal places. % 2) Effective rate of interest Find the interest rates...
You invest $200 in a mutual fund today that pays 9 percent interest annually. How long will it take to double your money? Round answer to 2 decimal places. You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow 1,424 and agree to pay back 1,686 in 2 years. What rate of interest is your uncle charging you? Provide answer as 3 decimals. 5.2% would be...
You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,360 and agree to pay back $1,570 in two years. (a1) What annual interest rate is your uncle charging you? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to two decimal places, e.g. 8.72%.) Rate of interest charged by uncle
(Complex present value) You would like to have $30,000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 7 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum...
You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,500 and agree to pay back $1,710 in two years. (a 1) What annual interest rate is your uncle charging you? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to two decimal places, e.g. 8.72%.) Rate of interest charged by uncle Attempts: 0...
Present value What is the present value of a security that will pay $20,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent. Time for a lump sum to double How long will it take $500 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. a. 3% year(s) b. 9% year(s) c. 21%. year(s) d. 100%. year(s) Time for a...
10. Present value: Maria Addai has been offered a future payment $750 of compounded annually, on her investment, what should she pay for this investment today? two years from now. If she can earn 6.5 percent, 11. Present value: Your brother has asked you for a loan and has promised to pay you$7,750 at the end of three years. If you normally invest to earn 6 percent per year, how much will you be willing to lend to your brother...
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