financial calculator steps pleaseHomework Answers
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financial calculator steps please
Han Zolo wants to invest in a bank certificate of deposit that...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for five years. The CD will pay interest of 9 percent compounded annually. What is the future value of Allen’s investment? How much would that investment be if Allen received simple interest only instead of compounded interest? 2. Mary Grace expects to need $50,000 for a down payment on a house in six years. How much would she have to invest today in an account...
in excel, calculate: john plans to invest $2,000 in a certificate of deposit today, and will...
in excel, calculate: john plans to invest $2,000 in a certificate of deposit today, and will earn 3.25% interest, compounded quarterly. How much will he have six years from now? please use excel formula
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to...
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,500 for his CD investment. If the bank is offering a 4.5% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two-year investment period? b. six-year investment period? c. ten-year investment period? d. fifteen-year investment period? a. How much will the $7,500 CD investment at 4.5% interest rate...
financial calculator steps please Lili is planning to invest in a bank account. Bank A offers...
financial calculator steps please
Lili is planning to invest in a bank account. Bank A offers 4.40% rate of Interest, compounded quarterly. Bank B offers 4.30% rate of interest, compounded monthly. Bank Coffers 3.70% rate of interest, compounded continuously. Lin, being a Finance major, wisely compares the effective annual rates (EARS) of the three offers and chooses the bank that yields the highest EAR of for her investment. 4.3% 45% 47%
Question 3 2 pts Wk3Hw_FV2 Sara has $5,990 to invest in a bank certificate of deposit...
Question 3 2 pts Wk3Hw_FV2 Sara has $5,990 to invest in a bank certificate of deposit for 9 years. The bank is paying 12% interest per year compounded monthly. How much will Sara's investment be worth at the end of the 9 year period? (round to 2 decimal places) Use the correct formula from below to solve this problem. **(1+r)^n x+(CF/(1+r)^1)+(CF/(1+r)^2)+(CF/(1+r)^3)+(CF/(1+r)^4).... x+SQRT(1-rin) Wk3Hw_FV2
a. Given: Mr. Uga has $100 million to invest. He wants his investment to triple in...
a. Given: Mr. Uga has $100 million to invest. He wants his investment to triple in 6 years. A bank offers him an attractive rate of return that is compounded monthly. Solve for: What interest rate per month should the bank pay Mr. Uga in order for his investment to triple in 6 years? b. Given: Mr. Buga would like to invest a lump sum of money today in order withdraw $10,00 five years from today, $10,000 ten years from...
explain please, with financial calculator Aristotle plans to save for a down payment on a house...
explain please, with financial calculator
Aristotle plans to save for a down payment on a house he will buy 8 years later. He will be able to invest 107,9 tuuay wram equity fund that will pay him an interest rate of 7 percent, compounded quarterly. If his target down payment, which is due 8 years later, is $189,791, will he be able to meet his target at the end of 8 years? Maybe No Yes
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car...
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...
please show me how to solve using a financial calculator if possible....thanks in advance BE6.7 (LO...
please show me how to solve using a financial
calculator if possible....thanks in advance
BE6.7 (LO 2) John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $300,000 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 8% (compounded annually) to buy the boat at retirement?...
a) Gregg just turned 22 and wants to have $10,283 saved in 8 years by his...
a) Gregg just turned 22 and wants to have $10,283 saved in 8 years by his 30th birthday. If he currently has $6,000 in a bond fund, how much interest does he need to make this happen? b) You have saved $5,000 for a used car. If you invest it in a CD (Certificate of Deposit), earning 5 percent compounded annually, how long would it take to buy a car that costs $7,755? c) Linda needs $10,000 in 4 years...
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,500 for his CD investment. If the bank is offering a 4.5% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two-year investment period? b. six-year investment period? c. ten-year investment period? d. fifteen-year investment period? a. How much will the $7,500 CD investment at 4.5% interest rate...
financial calculator steps please
Lili is planning to invest in a bank account. Bank A offers 4.40% rate of Interest, compounded quarterly. Bank B offers 4.30% rate of interest, compounded monthly. Bank Coffers 3.70% rate of interest, compounded continuously. Lin, being a Finance major, wisely compares the effective annual rates (EARS) of the three offers and chooses the bank that yields the highest EAR of for her investment. 4.3% 45% 47%
Question 3 2 pts Wk3Hw_FV2 Sara has $5,990 to invest in a bank certificate of deposit for 9 years. The bank is paying 12% interest per year compounded monthly. How much will Sara's investment be worth at the end of the 9 year period? (round to 2 decimal places) Use the correct formula from below to solve this problem. **(1+r)^n x+(CF/(1+r)^1)+(CF/(1+r)^2)+(CF/(1+r)^3)+(CF/(1+r)^4).... x+SQRT(1-rin) Wk3Hw_FV2
a. Given: Mr. Uga has $100 million to invest. He wants his investment to triple in 6 years. A bank offers him an attractive rate of return that is compounded monthly. Solve for: What interest rate per month should the bank pay Mr. Uga in order for his investment to triple in 6 years? b. Given: Mr. Buga would like to invest a lump sum of money today in order withdraw $10,00 five years from today, $10,000 ten years from...
explain please, with financial calculator
Aristotle plans to save for a down payment on a house he will buy 8 years later. He will be able to invest 107,9 tuuay wram equity fund that will pay him an interest rate of 7 percent, compounded quarterly. If his target down payment, which is due 8 years later, is $189,791, will he be able to meet his target at the end of 8 years? Maybe No Yes
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...
please show me how to solve using a financial
calculator if possible....thanks in advance
BE6.7 (LO 2) John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $300,000 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 8% (compounded annually) to buy the boat at retirement?...
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