Set up a spreadsheet to calculate the FV of $8,000 invested at 6.25% compounded annually for 30 years. Round as directed in the text. What is the future value?
Set up a spreadsheet to calculate the FV of $8,000 invested at 6.25% compounded annually for...
Using a financial calculator or spreadsheet, calculate the future value in 5.50 years of $14,900 invested today in an account that pays a stated annual interest rate of 6%, compounded monthly. The future value,FV, on this deposit is $_____. (Round to the nearest cent.)
Calculate the future value of the following single amounts. (FV
of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate
factor(s) from the tables provided. Round your answers to 2 decimal
places.)
Future Value Initial Investment 1. $ 8,000 6,000 | 3. 9,000 Annual Rate 10 % 12 % 8% Interest Period Compounded Invested Annually 7 years Semiannually 4 years Quarterly 3 years
If $1,000 were invested now at a 12% interest rate compounded
annually, what would be the value of the investment in two
years
D 30. Your current bank is paying 6.25% simple interest rate. You can move your savings account to Harris Bank that pays 6.25% compounded annually or to First Chicago bank paying 6% compounded semi-annually. To maximize your return you would choose: First Chicago bank Harris Bank your current bank you are indifferent, because the effective interest rate...
Compound Interest Calculate periodically compounded interest Question George invested $4400 in an account with annually compounded interest. After 5 years, he had $5790 in the account. What was the interest rate of the account? Round your answer to one decimal place. Do not write the percent sign. Provide your answer below
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
To what amount will $5,200 invested for 9 years at 11 percent compounded annually accumulate? $5,200 invested for 9 years at 11 percent compounded annually will accumulate to $________(Round to the nearest cent.)
Find the value, in 2 years’ time, of $4000 invested at
5% compounded annually. In the
following 2 years, the interest rate is expected to rise to 8%.
Find the final value of the
investment at the end of the 4-year period, and find the overall
percentage increase. Give
your answers correct to 2 decimal places.
Find the value, in 2 years’ time, of $4000 invested at
5% compounded annually. In the
following 2 years, the interest rate is expected...
To what amount will $4,800 invested for 9 years at 11 percent compounded annually accumulate? $4,800 invested for 9 years at 11 percent compounded annually will accumulate to $nothing. (Round to the nearest cent.)
The future value of $1,000 compounded annually for 8 years at 12% may be calculated with the following formula: FV = $1,000 * (1 + 12%)8 If the same $1,000 was compounded quarterly, what formula would you use to calculate the FV? Multiple Choice FV = $1,000 * (1 + 3%)8 FV = $1,000 * (1 + 12%)32 FV = $1,000 * (1 + 3%)32 FV = $1,000 * (1 + 12%)2
Question 1 (1 point) Calculate the future value (FV) of: $1,250 today invested in a financial tool with a rate of return of 8% that compounds once a year for 5 years. $1,858.89 $1,353.25 $1,836.66 $1,350.00 Question 2 (1 point) Calculate the future value (FV) of: $500 today invested in a financial tool with a rate of return of 12% that compounds 12 times a year for 8 years. 20 PWPXO