ZuoTi.Pro
Question

You are planning to invest in an account. The investment is $1,000. The account is paying 7.8% compounded annually. Inflation is predicted to be 3.3% for next 3 years. What is the accounts value at the end of 3 years in Year-0 dollars? Round your answer to O decimal place. ed 78000.0000 ver 1136.46 margin of error +/- 10

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)

All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
You are planning to invest in an account. The investment is $1,000. The account is paying...
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

Similar Homework Help Questions

  • Assume you have $3,509 to invest today in an account paying 9% compounded annually. How many...

    Assume you have $3,509 to invest today in an account paying 9% compounded annually. How many years will it take before you have $12,117 in your account? Enter your answer as: 12 Round your answer. Do not use a decimal point or any units.

  • Suppose you invest $1,000 in an account paying 6% interest per year. a. What is the...

    Suppose you invest $1,000 in an account paying 6% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 3 years? The balance in the account after 3 years is SE (Round to the nearest cent)

  • You invest $8,000 in a savings account paying 5 perc ent interest a year, compounded annually....

    You invest $8,000 in a savings account paying 5 perc ent interest a year, compounded annually. At the end of four years, your account will contain approximately (A) $9,624 $10,880 $10,208 © $10,208 (D $9,728

  • You are planning to invest $1,000 in an account earning 8​% per year for retirement. a....

    You are planning to invest $1,000 in an account earning 8​% per year for retirement. a. If you put the $1,000 in an account at age​ 23, and withdraw it 44 years​ later, how much will you​ have? b. If you wait 10 years before making the​ deposit, so that it stays in the account for only 34 years, how much will you have at the​ end?

  • 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...

  • 1. You have $200 to invest. If you put the money into an account earning 4​%...

    1. You have $200 to invest. If you put the money into an account earning 4​% interest compounded​ annually, how much money will you have in 10 years? How much money will you have in 10 years if the account pays 4​% simple​ interest? 2. You have $1,300 to invest today at 5​% interest compounded annually. a.  Find how much you will have accumulated in the account at the end of​ (1) 6 ​            years, (2) 12 years, and​ (3)...

  • Suppose you invest $1,000 in an account paying 8% interest per year. a. What is the...

    Suppose you invest $1,000 in an account paying 8% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"?

  • You deposit $1,000 at the end of the year (k = 0) into an account that...

    You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...

  • 1) You plan to deposit $1,000 every month into an account paying 6% compounded monthly for...

    1) You plan to deposit $1,000 every month into an account paying 6% compounded monthly for the next 5 years. How much will you accumulate over this five year period? 2) What is the future value interest factor of an annuity for #1? 3) If you plan to make annual payments instead of the monthly payments indicated in #1 above, how much will you have to deposit annually to have the same sum accumulated in five years as in #1...

  • nti You have an investment account that started with $1,000 10 years ago and which now...

    nti You have an investment account that started with $1,000 10 years ago and which now has grown to $12,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the investment account earns 16% per year from now on, what will the account's value be 10 years from now? wo a. What annual rate of return have you earned (you have made no additional contributions to the account)? aizl...

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