Homework Answers
I have answered the question below.
Please upvote for the same and thanks!!!
Do reach out in the comments for any queries
Answer:
We find the FV for 9 years as = $18,000 × 1.0299 =
$23,281.50
For this FV we find the value after 12 years as = $23,281.50 ×
1.02312 = $30,585.70
Add Answer to:
You are going to deposit $18,000 today. You will earn an annual rate of 2.9 percent...
You are going to deposit $24,500 today. You will earn an annual rate of 5.5 percent...
You are going to deposit $24,500 today. You will earn an annual rate of 5.5 percent for 8 years, and then earn an annual rate of 4.9 percent for 11 years. How much will you have in your account in 19 years?
You are going to deposit $17,500 today. You will earn an annual rate of 2.7 percent...
You are going to deposit $17,500 today. You will earn an annual rate of 2.7 percent for 8 years, and then earn an annual rate of 2.1 percent for 11 years. How much will you have in your account in 19 years?
You are going to deposit $22,000 today. You will earn an annual rate of 4.5 percent...
You are going to deposit $22,000 today. You will earn an annual rate of 4.5 percent for 13 years, and then earn an annual rate of 3.9 percent for 16 years. How much will you have in your account in 29 years?
You are going to deposit $19,000 today. You will earn an annual rate of 3.3 percent...
You are going to deposit $19,000 today. You will earn an annual rate of 3.3 percent for 11 years, and then earn an annual rate of 2.7 percent for 14 years. How much will you have in your account in 25 years? Ο Ο $36,402.57 Ο $39,431.50 Ο $42,782.05 Ο $27155.46 Ο $36,984.07
You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annu...
You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate of 5.5 percent for 14 years. How much will you have in your account in 25 years? O $99.148.20 O $114.250.46 O $105,530.26 O $49.870.37 O $89.871.01 You are going to deposit $2,700 in an account that pays .33 percent interest compounded monthly. How much will you have in 7 years? $3,572.59 O $3,564.40 $3,560.84...
You are going to deposit $4,300 in an account that pays.69 percent interest per quarter. How...
You are going to deposit $4,300 in an account that pays.69 percent interest per quarter. How much will you have in 6 years? You need to have $35,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 4.9 percent, how much will you have to deposit today?
1. You are going to deposit $3,400 in an account that pays .40 percent interest compounded...
1. You are going to deposit $3,400 in an account that pays .40 percent interest compounded monthly. How much will you have in 5 years? a. $4,320.18 b. $4,337.46 c. $4,298.19 d. $4,324.50 e. $4,302.97 2. Your bank will pay you an interest rate of .102 percent per week. You want to have $22,500 in 10 years. How much will you have to deposit today? Assume 52 weeks per year. a. $13,418.45 b. $13,419.42 c. $13,536.16 d. $21,338.27 e. $13,241.89...
You need to have $32750 in 11 years. You can earn an annual interest rate of...
You need to have $32750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 percent for the next 2 years, and 7.3 percent for the final 6 years. How much do you have to deposit today? Multiple Choice $12,869.31 $15,544.77 O $1725229 $15,855.54 $16.40209
How much must you deposit today if you can earn 2.40% annual rate of interest (with...
How much must you deposit today if you can earn 2.40% annual rate of interest (with monthly compounding) in order to have $42,000 seven years from now? Please show ALL work with finance formulas.
You are going to deposit $4,200 in an account that pays .48 percent monthly interest. How much will you have in 5 years?...
You are going to deposit $4,200 in an account that pays .48 percent monthly interest. How much will you have in 5 years? Note : The given interest rate (.48 percent) is monthly interest rate, not the usual given annual interest rate compounded monthly. Multiple Choice $5,624.79 $5,571.18 $5,557.21 $5,597.92 $5,603.52
You are going to deposit $19,000 today. You will earn an annual rate of 3.3 percent for 11 years, and then earn an annual rate of 2.7 percent for 14 years. How much will you have in your account in 25 years? Ο Ο $36,402.57 Ο $39,431.50 Ο $42,782.05 Ο $27155.46 Ο $36,984.07
You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate of 5.5 percent for 14 years. How much will you have in your account in 25 years? O $99.148.20 O $114.250.46 O $105,530.26 O $49.870.37 O $89.871.01 You are going to deposit $2,700 in an account that pays .33 percent interest compounded monthly. How much will you have in 7 years? $3,572.59 O $3,564.40 $3,560.84...
You are going to deposit $4,300 in an account that pays.69 percent interest per quarter. How much will you have in 6 years? You need to have $35,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 4.9 percent, how much will you have to deposit today?
You need to have $32750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 percent for the next 2 years, and 7.3 percent for the final 6 years. How much do you have to deposit today? Multiple Choice $12,869.31 $15,544.77 O $1725229 $15,855.54 $16.40209
Most questions answered within 3 hours.
-
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 5 minutes ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 25 minutes ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 23 minutes ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 52 minutes ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 1 hour ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 1 hour ago -
Consider a 1.0 L buffer containing 0.092 mol L-1 HCOOH and 0.100
mol L-1 HCOO-. What...
asked 1 hour ago -
Koch Realty has owned a vacant land with a FMV of
$775,000 and an adjusted basis...
asked 1 hour ago -
It is estimated 29% of all adults in United States invest in
stocks and that 85%...
asked 1 hour ago -
What does a 2-sided p value of 0.04 mean? (I am not asking if it
is...
asked 1 hour ago -
A parallel-plate capacitor is made from two aluminum-foil
sheets, each 7.8 cmcm wide and 5.1 mmlong....
asked 1 hour ago -
1. why is toluene a stronger nucleophile than benzene?
2.why is phenol a stronger nucleophile than...
asked 1 hour ago