The International Monetary Fund is trying to raise $950 billion in 7 years for new funds...
The International Monetary Fund is trying to raise $950 billion in 7 years for new funds to lend to developing countries. At 12% interest compounded quarterly, how much must it invest today to reach $950 billion in 7 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.)
i checked 415.22 is the incorrect answer
Homework Answers
Required Future Value = $950 billion
Time Period = 28 quarters
Interest Rate = 12%
Initial Deposit = 950/(1 + 0.12/4)28
Initial Deposit = $415.22 billion
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The International Monetary Fund is trying to raise $950 billion
in 7 years for new funds...
The International Monetary Fund is trying to raise $900 billion in 6 years for new funds...
The International Monetary Fund is trying to raise $900 billion in 6 years for new funds to lend to developing countries. At 6% interest compounded quarterly, how much must it invest today to reach $900 billion in 6 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.)
Zoom picture please The International Monetary Fund is trying to raise $1,650 billion in 6 years...
Zoom picture please
The International Monetary Fund is trying to raise $1,650 billion in 6 years for new funds to lend to developing countries. At 12% interest compounded quarterly, how much must it invest today to reach $1,650 billion in 6 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value billion
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A business must raise $90,000 in 7 years. What should be the size of the owners' quarterly payment to a sinking fund paying 3% compounded quarterly? (Round your answer to the nearest cent.)
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Zoom picture please table 1 table 2 The International Monetary Fund is trying to raise $1,650...
Zoom picture please
table 1
table 2
The International Monetary Fund is trying to raise $1,650 billion in 6 years for new funds to lend to developing countries. At 12% interest compounded quarterly, how much must it invest today to reach $1,650 billion in 6 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value billion Period 0.5% 1.0% 1.5% 2.0% 1.0050 1.0100 1.0150 1.0200 1.0100...
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please answer all of the following questions 21. Suppose you deposit $5,000 into an account earning...
please answer all of the following questions
21. Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly and you also make monthly contributions of $50 (first monthly contribution made one month after the initial deposit is made). How many years (rounded to one decimal place --for example, 32.1843 year = 32.2) will it take for the account to grow to $7,500 in this case? 22. Assume that I am trying to borrow money from you to...
what information do you need Exercise 6-15 John Bogut just received a signing bonus of $1,019,200....
what information do you need
Exercise 6-15 John Bogut just received a signing bonus of $1,019,200. His plan is to invest this payment in a fund that will earn 10 % , compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $2,403,223, how many years until he can establish the foundation? years LINK TO TEXT LINK TO TEXT Instead of investing the entire $1,019,200, Bogut invests $315,300 today...
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Zoom picture please
The International Monetary Fund is trying to raise $1,650 billion in 6 years for new funds to lend to developing countries. At 12% interest compounded quarterly, how much must it invest today to reach $1,650 billion in 6 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value billion
The International Monetary Fund is trying to raise $700 billion in 9 years for new funds to lend to developing countries. Al 12% Interest compounded quarterly, how much must it invest today to reach $700 billion in 9 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value billion Period 0 Present value interest factor of $1 per period at i% for n periods, PVIF(In). 1.05...
A business must raise $90,000 in 7 years. What should be the size of the owners' quarterly payment to a sinking fund paying 3% compounded quarterly? (Round your answer to the nearest cent.)
A company will need $30,000 in 8 years for a new addition. To moet this goal, the company deposits money in an account today that pays 11% annual interest compounded quarterly. Find the amount that should be invested to total $30,000 in 8 years The company should invest $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Assume the consumption of electricity is increasing at 8% per year. If it continues to increase...
Zoom picture please
table 1
table 2
The International Monetary Fund is trying to raise $1,650 billion in 6 years for new funds to lend to developing countries. At 12% interest compounded quarterly, how much must it invest today to reach $1,650 billion in 6 years? (Use the Table provided.) (Do not round intermediate calculations. Enter your answer in billions of dollar rounded to 2 decimal places.) Present Value billion Period 0.5% 1.0% 1.5% 2.0% 1.0050 1.0100 1.0150 1.0200 1.0100...
please answer all of the following questions
21. Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly and you also make monthly contributions of $50 (first monthly contribution made one month after the initial deposit is made). How many years (rounded to one decimal place --for example, 32.1843 year = 32.2) will it take for the account to grow to $7,500 in this case? 22. Assume that I am trying to borrow money from you to...
what information do you need
Exercise 6-15 John Bogut just received a signing bonus of $1,019,200. His plan is to invest this payment in a fund that will earn 10 % , compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $2,403,223, how many years until he can establish the foundation? years LINK TO TEXT LINK TO TEXT Instead of investing the entire $1,019,200, Bogut invests $315,300 today...
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