The future value of $9,000 in 6 years if invested at 6.3% per annum, compounding annually...
The future value of $9,000 in 6 years if invested at 6.3% per annum, compounding annually is (including cents; don’t use $ sign or comma separators):
Homework Answers
I need to have $59,000 saved in 7 years so that I can buy a car. How much do I need to invest (to the nearest dollar) today if the appropriate interest rate is 13.6% per annum compounded semi-annually?
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The future value of $9,000 in 6 years if invested at 6.3% per
annum, compounding annually...
2. Determine the future value amount of $400 invested at 6% per annum compounded quarterly for...
2. Determine the future value amount of $400 invested at 6% per annum compounded quarterly for three years and five months. 3. A demand loan of $10,000 is repaid by payments of $5000 in one year, $6000 in four years, and a final payment in six years. Interest on the loan is at 10% per annum compounded quarterly during the first year, 8% per annum compounded semi-annually for the next three years and 7.5% per annum compounded annually for the...
Question 3 If money is invested for 3 years, the per annum simple interest rate equivalent...
Question 3 If money is invested for 3 years, the per annum simple interest rate equivalent to a nominal rate of 12.5%p.a compounding monthly is (as a percentage rounded to three decimal places; don’t use % sign):
What is the future value of $4000 in 2 years if it is invested at an...
What is the future value of $4000 in 2 years if it is invested at an interest rate of 6.00%? $ You should set your calculator for at least four decimal places of accuracy. Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer.
What is the FUTURE VALUE of $500 invested for 3 years at 7% with ANNUAL Compounding...
What is the FUTURE VALUE of $500 invested for 3 years at 7% with ANNUAL Compounding rounded to the nearest penny?
What is the FUTURE VALUE of $1,000 invested for 8 years at 4% with SEMI-ANNUAL Compounding...
What is the FUTURE VALUE of $1,000 invested for 8 years at 4% with SEMI-ANNUAL Compounding rounded to the nearest penny?
Q.7. An individual invests $9,000 at a rate of 6% per annum. What will be its...
Q.7. An individual invests $9,000 at a rate of 6% per annum. What will be its accum amount in 11 years? Q.8. Find the accumulated factor of a certain principle amount that invested for 3 years and 7 months at the rate of 11%.
ASAP 2. Suppose $5,000 is invested for three years at 8% per annum (year). Calculate the...
ASAP
2. Suppose $5,000 is invested for three years at 8% per annum (year). Calculate the total value of the investment if compounded (i) annually (ii) monthly (iii) continuously.
Suppose that zero interest rates are per annum with continuous compounding are as follows: Maturity (years)...
Suppose that zero interest rates are per annum with continuous compounding are as follows: Maturity (years) Rate (% per annum) (1, 2.5) (2, 3.0) (3, 3.5) (4, 4.2) (5, 4.7) Calculate 1-year forward interest rates for the second (f1,2), third (f2,3), fourth (f3,4), and fifth (f4,5) years. Use the rates in the previous part to value an FRA today as the borrower with 5% per annum for the third year on $1 million. (FRA is for the year starting at...
What is the future value of $5,200 invested for 23 years at 9.25 percent compounded annually?...
What is the future value of $5,200 invested for 23 years at 9.25 percent compounded annually? A. $29,871.52 B. $51,190.07 C. $39,782.91 D. $47,433.47 E. $46,111.04
Find the present value of $10,000 invested for 10 years at 6% per year compounded semi-annually?...
Find the present value of $10,000 invested for 10 years at 6% per year compounded semi-annually? a. $3,118.04 b. $5583.95 c. $5536.76 d. $6433.96
2. Determine the future value amount of $400 invested at 6% per annum compounded quarterly for three years and five months. 3. A demand loan of $10,000 is repaid by payments of $5000 in one year, $6000 in four years, and a final payment in six years. Interest on the loan is at 10% per annum compounded quarterly during the first year, 8% per annum compounded semi-annually for the next three years and 7.5% per annum compounded annually for the...
Q.7. An individual invests $9,000 at a rate of 6% per annum. What will be its accum amount in 11 years? Q.8. Find the accumulated factor of a certain principle amount that invested for 3 years and 7 months at the rate of 11%.
ASAP
2. Suppose $5,000 is invested for three years at 8% per annum (year). Calculate the total value of the investment if compounded (i) annually (ii) monthly (iii) continuously.
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