Two years ago, you invested $3,150. Today, it is worth $3,900. What percent rate of interest did you earn?
Rate of interest = (FV / PV)1/t - 1
Rate of interest = ($3,900 / $3,150)1/2 - 1
Rate of interest = 0.1127 or 11.27%
Two years ago, you invested $3,150. Today, it is worth $3,900. What percent rate of interest...
Two years ago, you invested $2,800. Today, it is worth $3,600. What rate of interest did you earn? Multiple Choice Ο Ο 13.39 percent Ο 6.70 percent Ο 3.50 percent
Two years ago, you invested $2,650. Today, it is worth $3,450. What rate of interest did you earn?
One year ago, you invested $2,980. Today it is worth $3,800.50. What rate of interest did you earn? a. 27.26 percent b. 27.53 percent c. 21.59 percent d. 22.02 percent e. 27.48 percent
One year ago, you invested $2,700. Today, it is worth $3,500. What rate of interest did you earn?
One year ago, you invested $2,850. Today, it is worth $3,650. What rate of interest did you earn? A. 3.56% B. 14.04% C. 4.56% D. 2.34% E. 28.07%
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%.
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-
Your father invested a lump sum 24 years ago at 5.75 percent interest compounded monthly. Today, he gave you the proceeds of that investment which totaled $105,099.24. How much did your father originally invest? $15,929.47 $16,500.00 $17,444.86 $26,528.00 $27,470.75
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What is the effective annual interest earned on the account? Round your answer to the nearest tenth of a percent. For example, if you get 15.1 %, write 0.151.
7 years ago, you put $166,308 into an interest-earning account. Today it is worth $255,924. What is the effective annual interest earned on the account? Round your answer to the nearest tenth of a percent. For example, if you get 15.1 %, write 0.151. Your friend just won the lottery. He has a choice of receiving $122,788 a year for the next 18 years or a lump sum today. The lottery uses a 8% discount rate. What would be the...