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Acompany has agreed to pay $4.6 million in 6 years to setle a lawsuit. How much...
Someone decides to invest $13,000 in a money market fund that guarantees a 4.2% annual interest...
Someone decides to invest $13,000 in a money market fund that guarantees a 4.2% annual interest rate compounded monthly for 7 years. A one-time fee of $69 is charged to set up the account. In addition, there is an annual administration charge of 1.7% of the balance in the account at the end of each year. (a) How much is in the account at the end of the first year? (b) How much is in the account at the end...
a company has agreed to pay $2.1 million in 5 years to settle a lawsuit. how...
a company has agreed to pay $2.1 million in 5 years to settle a lawsuit. how much must in invest in an account paying 9% annual intetest compounded monthly to have that amount when is due? what is the interest rate per period ?
Find the present value (the amount that should be invested now to accumulate the following amount)...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
How many years are required for an investment to double in value if it is appreciating at the rat...
A.
B.
How many years are required for an investment to double in value if it is appreciating at the rate of 8% compounded continuously? At 8% compounded continuously, the investment doubles in (Round to one decimal place as needed.) years. At what nominal rate compounded continuously must money be invested to double in 6 years? A rate of | % is required for money to double in 6 years. (Do not round until the final answer. Then round to...
Find the future value and interest earned if $8806.54 is invested for 9 years at 6%...
Find the future value and interest earned if $8806.54 is invested for 9 years at 6% compounded (a) serniannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $. (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $) (Type an integer or...
8.4.19 Question Help • the future A The yearly interes t and the time in years...
8.4.19 Question Help • the future A The yearly interes t and the time in years are given below. Interest is compounded monthly Find the monthly payment needed to have a sinking lund sound A- $3.000 7.5% = 3 RES (Round up to the nearest cent) 8.4.37 Question Help Kristy Joe deposits $190 each month in an ordinary annuity to save for a new car. If the annuity pays a monthly interest rate of 0.89% how much will she be...
1. Seven years ago, you put $500 in a bank account earning 6%/year. What is the...
1. Seven years ago, you put $500 in a bank account earning 6%/year. What is the bank account balance today? 2. You want to double your money in 5 years. What rate of return do your need to earn? 3. At 4% per year, how long does it take for $500 to grow to $750? 4. What is the present value of an annuity due that pays $1000 per month for two years if the interest rate is 6%/year compounded...
1. Calculate the present value of $50,000 to be received in 15 years assuming an annual...
1. Calculate the present value of $50,000 to be received in 15 years assuming an annual interest rate of 6%. 2. Calculate the present value of $1,000,000 to be received in 20 years assuming an annual interest rate of 5%, compounded monthly. 3. Calculate the future value of $1,000 invested for 5 years assuming an annual interest rate of 20%. 4. Calculate the future value of $12,000 invested for 18 years assuming an annual interest rate of 12%, compounded monthly....
Investing $13,000 for each of eight years in an annuity due with a 6% interest rate,...
Investing $13,000 for each of eight years in an annuity due with a 6% interest rate, the value at the end will be: ____________________________________________ Last year Blueridge Corporation's sales were $280 million. If sales grow at 10% per year, how large (in millions) will they be 5 years later? $14000(.10)=1400 How much would $200,000 due in 50 years be worth today if the discount rate were 7.5%? =PV(7.5%,,50,,-20000) =537.78426453 =$537.78 Five years ago, Glow Go Inc. earned $7.50 per share. Its earnings...
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years....
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years. The interest rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) Find the face value of the zero-coupon bond. 17-year bond at 5.4%; price $6000 The face value will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Find the face value of the zero-coupon bond. 20-year...
Someone decides to invest $13,000 in a money market fund that guarantees a 4.2% annual interest rate compounded monthly for 7 years. A one-time fee of $69 is charged to set up the account. In addition, there is an annual administration charge of 1.7% of the balance in the account at the end of each year. (a) How much is in the account at the end of the first year? (b) How much is in the account at the end...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
A.
B.
How many years are required for an investment to double in value if it is appreciating at the rate of 8% compounded continuously? At 8% compounded continuously, the investment doubles in (Round to one decimal place as needed.) years. At what nominal rate compounded continuously must money be invested to double in 6 years? A rate of | % is required for money to double in 6 years. (Do not round until the final answer. Then round to...
Find the future value and interest earned if $8806.54 is invested for 9 years at 6% compounded (a) serniannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $. (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $) (Type an integer or...
8.4.19 Question Help • the future A The yearly interes t and the time in years are given below. Interest is compounded monthly Find the monthly payment needed to have a sinking lund sound A- $3.000 7.5% = 3 RES (Round up to the nearest cent) 8.4.37 Question Help Kristy Joe deposits $190 each month in an ordinary annuity to save for a new car. If the annuity pays a monthly interest rate of 0.89% how much will she be...
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years. The interest rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) Find the face value of the zero-coupon bond. 17-year bond at 5.4%; price $6000 The face value will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Find the face value of the zero-coupon bond. 20-year...
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