You have to wait for=NPER(7.25%,0,-7100,12000)=7.498129469 years or 7.50 years
Option C
You just inherited $7100 which you are investing at 7.25 percent interest. How long will you...
1 Your grandmother invested $2,300 for you on the day you were born. This investment has earned an average of 13.8 percent annually. How old are you if the investment is now worth $18,642? 14.36 years 14.58 years 15.15 years 16.19 years 2. You just inherited $7,100 which you are investing at 7.25 percent interest. How long will you have to wait until your account reaches a value of $12,000? 6.96 years 8.34 years 7.50 years 8.55 years 3. First...
Your grandmother invested $2,300 for you on the day you were born. This investment has earned an average of 13.8 percent annually. How old are you if the investment is now worth $18,642? O 14.36 years 14.58 years 15.15 years 16.19 years You just inherited $7100 which you are investing at 7.25 percent interest. How long will you have to wait un your account reaches a value of $12,000 O 6.96 years O 8.34 years O 7.50 years O 8.55...
You just won $25,000 and deposited your winnings into an account that pays 5.9 percent interest, compounded annually. How long will you have to wait until your winnings are worth $75,000? 21.24 years 23.95 years 19.16 years 22.67 years 25.00 years
You just inherited $100,000. You are investing this money for two years at 6% compounding interest. In whole dollars, how much money will you have at the end of the two years? $106,000 $116,000 $112,360 $110,250
2. You just won $25,000 and deposited your winnings into an account that pays 12.6 percent interest, compounded annually. How long (in years) will you have to wait until your winnings are worth $50,000? Show calculations or calculator inputs.
Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4.2 percent until you retire in 40 years. You believe that interest rates will increase over the next year and you would be offered 4.8 percent per year one year from today. If you plan to deposit $12,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit? Multiple Choice...
You have $11,500 and will invest the money at an interest rate of .34 percent per month until the account is worth $17,800. How many years do you have to wait until you reach your target account value? Multiple Choice 11.55 years 10.01 years 10.92 years 9.38 years We were unable to transcribe this image
You just inherited $10,000. While you plan to squander some of it away, how much should you deposit in an account earning 7% interest per year if you’d like to have $10,000 in the account in 10 years? You ust inherited $10,000 w e you plan to squander some of it away, how much should you deposit in an account ea n ng 7% interest per yoar i' you'd like to have $10,000 in the account i 10 years?
You expect to receive $10,000 at graduation in two years. You plan on investing it at 9 percent until you have $60,000. How long will you wait from now?
You just inherited $10,000. While you plan to squander some of it away, how much should you deposit in an account earning 7% interest per year if you'd like to have $10,000 in the account in 10 years? Youjat heted S10 000 whie you plan to iqua der so me of airy how much should you deposit n an account eam ng 7% interest per year ส you'd like to have S 10,000 in the