This morning, DJ's invested $145,000 to help fund future projects. How much additional money will the firm have five years from now if it can earn an interest rate of 4.6 percent rather than 3.8 percent annually?
This morning, DJ's invested $145,000 to help fund future projects. How much additional money will the...
13. This morning, DJ’s invested $238,000 to help fund a company expansion project. How much additional money will the firm have three years from now if it can earn 4 percent rather than 3.5 percent on its savings?Assume it’s a compound interest. A. $3,940.09 B. $3,842.78 C. $4,008.17 D. $4,219.68 14. You would like to give your daughter $75,000 towards her college education 17 years from now. How much money must you set aside today for this purpose if you...
16. This morning, TL Trucking invested $69,000 to help fund a company expansion project planned for 5 years from now. How much additional money will the firm have 5 years from now if it can earn 9 percent rather than 5 percent on its savings compounded monthly?
A generous benefactor invested money in a scholarship fund ten years ago at an interest rate of 8 percent. Every year (and continuing on indefinitely into the future), the fund awards $50,000 in scholarships to worthy college students. How much did this benefactor deposit into the account initially? Assume all interest is paid out annually but the principal amount remains untouched. a. 625,500 b. 500,000 c. 462,963 d. 400,000
3.00 points Tracie invested $14,000 five years ago in TLK stock. How much is her investment worth today if she has earned a 14.2 percent rate of return? O $23,811.80 O $23,940.00 $31,054.51 O $27,193.09 value: 3.00 points Sue invested $5,100 at 7 percent interest for 4 years. Phil invested $5,100 at 7 percent interest for 8 years. How much more interest will Phil earn than Sue? O $1,428.00 O $2,07769 O $1,109.02 $1,723.29 value: 3.00 points You want to...
4) (10 points) You just invested $10,000 in a fund for 5 years. How much money will be in the account at the end of 5 years for the following interest rates a) 10% simple interest per year? b) 8% per year compounded annually?
How much money should be invested today in order to have $8340 at the end of 9 years if the interest paid is a nominal rate of 4.25 percent compounded semi-annually?
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...
This morning, Kurt invested $500 for five years. He will earn 3 percent interest for the first two years and 5 percent interest for the last three years. How much will his investment be worth 5 years from now? Click the answer you think is right. $622.19 $614.06 $598.14 $584.82
Karen has won $50,000 from a lawsuit. The money will be paid out in 8 equal-sized annual payments (payments are made at the end of each year). If Karen invests each payment in an account that earns 4.6% interest, compounded annually, how much will she have at the end of 8 years? Preview After Karen wins her lawsuit, she is approached by a structured settlement company. They offer her $48,500, paid immediately, in return for her annual lawsuit payments. How...
1. $800 invested at an annually compounded interest rate of 6 percent will be worth how much at the end of 10 years? a) $1,280. b) $1,433. c) $1,417. d) $1,369. 2. What is the present value of $500 to be received eight years from now if the interest rate is 5 percent? a) $300. b) $338.42. c) $700. d) $738.72 3. Kira has $2,000 to invest today that she wants to grow to $3,000 in five years. What annually...