We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
A=16500*(1.095)^9
=16500*2.26322156
=$37343.16(Approx).
You are scheduled to receive $16,500 in three years. When you receive it, you will invest...
You are scheduled to receive $19,000 in two years. When you receive it, you will invest it for six more years at 9.5 percent per year. How much will you have in eight years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Amount You expect to receive $40,000 at graduation in two years. You plan on investing it at 9 percent until you have $175,000. How long will you wait from now? (Do...
You are scheduled to receive $21,500 in three years. When you receive it, you will invest it for seven more years at 9.50 percent per year. Required: How much will you have in ten years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount
Problem 5-19 Calculating Future Values [LO1 You are scheduled to receive $18,000 in two years. When you receive it, you will invest it for eight more years at 9 percent per year How much will you have in ten years? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Amount
You have $16,500 you want to invest for the next 28 years. You are offered an investment plan that will pay you 6 percent per year for the next 14 years and 10 percent per year for the last 14 years. a. How much will you have at the end of the 28 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the investment plan pays you 10 percent per year...
You are scheduled to receive 14000 dollars in 2 years. When you receive it, you will invest it for 8 more years at 9.5 percent per year. How much you will have in 10 years?
You are scheduled to receive $35,000 in two years. When you receive it, you will invest it for 9 more years at 7 percent per year. How much will you have in 11 years? a) $73,669.82 b) $61,128.77 c) $67, 563.38 d) $64, 346.07 e) $41,121,41
You are scheduled to receive $31,000 in two years. When you receive it, you will invest it for 7 more years at 5.5 percent per year. How much will you have in 9 years? Multiple Choice Multiple Choice $50,191.92 Ο 534,756 15 S34,756.15 Ο S42,840.30 Ο S45,095.05 Ο S47,349.81
You have $17,500 you want to invest for the next 40 years. You are offered an investment plan that will pay you 6 percent per year for the next 20 years and 10 percent per year for the last 20 years. a. How much will you have at the end of the 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the investment plan pays you 10 percent per year...
You have $20,000 you want to invest for the next 40 years. You are offered an investment plan that will pay you 6 percent per year for the next 20 years and 10 percent per year for the last 20 years. a. How much will you have at the end of the 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the investment plan pays you 10 percent per year...
Question 1 You are scheduled to receive $35.000 in two years. When you receive it, you will invest it for 10 more years at 8 percent per year. How much will you have in 12 years! 542,401.33 588.135.95 571.78436 575.56237 579340,49