future value of single amount invested = amount invested *(1+ interest rate)^n
here,
amount invested = $14,000
interest =8%=>0.08.
n =20 years.
=> $14,000*(1.08)^20
=>$65,253.40.
If you invest $14,000 today at 8%, how much will you have in 20 years?
If you invest $12,000 today at 8%, how much will you have in 20 years?
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
How much would you have to invest today if you did not need the $1000 for 8 years? Round answer to the nearest dollar. Assume annual compounding and end of period mode. $__ the interest rate is 8%
If you invest $9,000 today, how much will you have a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. In 25 years at 14 percent (compounded semiannually)? Include financial calculator steps, including the keys pressed on the calculator to solve each question.
How much do you have to invest today in order to have $5402 in 6 years if your investment account earns 5% compounded annually Calculate your answer to the nearest dollar and input it as just the number with no dollar sign, commas or decimal points (e.g., 3745)
How much do you have to invest today in order to have $5402 in 6 years if your investment account earns 5% compounded annually Calculate your answer to the nearest dollar and input it as just the number with no dollar sign, commas or decimal points (e.g., 3745)
37. You can earn 8 percent interest, compounded monthly. How much must you deposit today to withdraw $10,000 in 6 years? 38. If you invest $10,000 in an account expected to earn 5.0% compounded annually, how long do you need to invest for the account to have grown to $40,000? 42. A bank is offering a CD which it will sell to its customers for $10,000 paying them back $14,000 in 4 years. What annual rate of return will a...
You invest $25,000 today at 8% per year. How much money will you have accumulated after 13 years? You are going to receive $150,000 in 25 years. Calculate the present value of the $150,000 using discount rates of 8% and 10%. Your friend has learned that he is going to receive $7,500 a year for the next 10 years. Utilizing 5% interest rate, calculate the current value of the future payments.
How much must Susie invest today to have $20,000 in 6 years in an account with an interest rate of 10% compounded annually? How much less would she have to invest if the interest compounded monthly?
PART A: If you invest $11,000 today at 11% interest, how much will you have in 11 years? A. $28,016 B. $17,688 C. $34,669 D. $31,712 PART B: How much must you invest at 5% interest in order to see your investment grow to $5,000 in 5 years? A. $3,918 B. $3,415 C. $3,105 D. None of the above