ZuoTi.Pro
Question

ems i You invest $3,300 for three years at 8 percent. a. What is the value of your investment after one year? Multiply $3,300
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

B Investment Amount Interest rate No. of years $3,300.00 8.00% 6 a. Value of Investment after one year $3,564.00 8 b. Value o

Cell reference -

Investment Amount Interest rate No. of years 3300 0.08 6 a. Value of Investment after one year =C2*(1+C3) 8 b. Value of Inves

Hope it will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

0 0
Add a comment
Know the answer?
Add Answer to:
ems i You invest $3,300 for three years at 8 percent. a. What is the value...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • You will receive $4,500 three years from now. The discount rate is 13 percent. a. What...

    You will receive $4,500 three years from now. The discount rate is 13 percent. a. What is the value of your investment two years from now? Multiply $4,500 × .885 (one year’s discount rate at 13 percent). (Round your answer to 2 decimal places.) b. What is the value of your investment one year from now? Multiply your rounded answer to part a by .885 (one year’s discount rate at 13 percent). (Round your answer to 2 decimal places.)

  • You invest a single amount of $15,000 for 4 years at 11 percent. At the end...

    You invest a single amount of $15,000 for 4 years at 11 percent. At the end of 4 years you take the proceeds and invest them for 15 years at 18 percent. How much will you have after 19 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value

  • You invest a single amount of $15,500 for 6 years at 13 percent. At the end...

    You invest a single amount of $15,500 for 6 years at 13 percent. At the end of 6 years you take the proceeds and invest them for 15 years at 18 percent.     How much will you have after 21 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

  • You are scheduled to receive $16,500 in three years. When you receive it, you will invest...

    You are scheduled to receive $16,500 in three years. When you receive it, you will invest it for nine more years at 9.5 percent per year. How much will you have in twelve years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account value

  • #4 Part 4 The Capital Budgeting Process 4. You will receive $6,800 three years from now....

    #4 Part 4 The Capital Budgeting Process 4. You will receive $6,800 three years from now. The discount rate is 10 percent. a. What is the value of your investment two years from now? Multiply $6,800 X (1/1.10) or divide by 1.10 (one year's discount rate at 10 percent). b. What is the value of your iaveuitment ora year from now? Multiply your answer to part a by (1/1.10). c. What is the value of your invesanent today? Multiply your...

  • You have $16,500 you want to invest for the next 28 years. You are offered an...

    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...

  • x Incorrect. What is the present value of $8,000 received in 7 years at 8% interest?...

    x Incorrect. What is the present value of $8,000 received in 7 years at 8% interest? (Round answer to O decimal places.) Present value x] Incorrect. Bonnie Lee buys a savings bond for $125. The bond pays 5% and matures in 10 years. What amount will Bonnie receive when she redeems the bond? (Round answer to 2 decimal places.) Future value x Incorrect. Erik Peterson needs to have $10,000 at the end of 5 years to purchase a second car....

  • x Incorrect. What is the present value of $8,000 received in 7 years at 8% interest?...

    x Incorrect. What is the present value of $8,000 received in 7 years at 8% interest? (Round answer to O decimal places.) Present value x] Incorrect. Bonnie Lee buys a savings bond for $125. The bond pays 5% and matures in 10 years. What amount will Bonnie receive when she redeems the bond? (Round answer to 2 decimal places.) Future value x Incorrect. Erik Peterson needs to have $10,000 at the end of 5 years to purchase a second car....

  • Assumptions 1. The decision to invest in the Mark II must be made after three years,...

    Assumptions 1. The decision to invest in the Mark II must be made after three years, in 1985. 2. The Mark II has an investment requirement of $1,000 million, which is taken as fixed. 3. Forecasted cash inflows of the Mark II have a present value in 1985 of $907 million and $525 (907 / 1.23 = 525) million in 1982. 4. The future value of the Mark II cash flows is highly uncertain. This value evolves as a stock...

  • Turner Video will invest $96,500 in a project. The firm’s cost of capital is 11 percent....

    Turner Video will invest $96,500 in a project. The firm’s cost of capital is 11 percent. The investment will provide the following inflows. Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods. Year Inflow 1 $ 34,000 2 36,000 3 31,000 4 39,000 5 43,000 The internal rate of return is 12 percent. a. If the reinvestment assumption of the net present value method is used, what will be the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT