Homework Answers
Question 1
Correct answer------------(c) $11,576.25
Working
| Year | Beginning balance | Interest income | Ending balance |
| 0 | $ - | $ 10,000.00 | |
| 1 | $ 10,000.00 | $ 500.00 | $ 10,500.00 |
| 2 | $ 10,500.00 | $ 525.00 | $ 11,025.00 |
| 3 | $ 11,025.00 | $ 551.25 | $ 11,576.25 |
Add Answer to:
What is the future value of $10,000 in 3 years if the appropriate rate is 5%?...
What is the effective annual rate of a 12% APR compounded monthly? a. 1% O b....
What is the effective annual rate of a 12% APR compounded monthly? a. 1% O b. 12.68% O c. 12% O d. 12.12% Your grandmother bought $10,000 of a stock many years ago. The stock is worth $1,000,000 today. If the stock returned 18% annually. approximately how many years ago did she buy the stock? a. 27 b. 28 O c.29 d. 30 How much money would you need to save today if you wish to have $1,000,000 in 20...
3. What is the future value of $10,000 in 5 years if you put in an...
3. What is the future value of $10,000 in 5 years if you put in an account earning 5% per year compounded monthly?
1. You can buy a contract which will pay $ 10,000 per year for 3 years...
1. You can buy a contract which will pay $ 10,000 per year for 3 years for $26,500. If investments of similar risk return 8% per annum, compounded annually, should you buy the contract? 2. How much do you need to deposit TODAY into an account which earn 8% ANNUAL interest compounded Quarterly so that you will have $ 50,000 in the account seven years from now? 3. What ANNUAL rate of return did an investment pay if a $...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
5. (8 points) Calculate the following time value of money problems.a. What is the future value...
5. (8 points) Calculate the following time
value of money problems.a. What is the future value of 22 periodic
payments of $7,520 each made at the beginning of each period and
compounded at 8% per period?b. What would you pay for a $500,000
face value bond that matures in 15 years and pays $40,000 a year in
interest (end-of-period payments) if you wanted to earn a yield of
9%.c. Mike Finley wishes to become a millionaire. His money market
fund...
2) What is the present value of $12.500 to be received 10 years from today? Assume...
2) What is the present value of $12.500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10 3) You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of retum on your investment, how much will you sell the land for in 10 years? 12.51 4) If you want to have $875 in 2.67 years, how much money must you put in...
c.)“Give me $10,000 today and I'll return $16,000 to you in five years," offers your investment...
c.)“Give me $10,000 today and I'll return $16,000 to you in five years," offers your investment broker. To the nearest tenth of a percent, what annual interest rate is being offered? d.)How much money would you have to put away at the end of each year to have $1,600,000 when you retire 26 years from now if you can earn 4% on your money? e.)How much can be accumulated if $2,375 is deposited at the end of each month for...
Please write down all the steps. What is the future value 10 years from now of...
Please write down all the steps. What is the future value 10 years from now of $1,800 invested today at a periodic interest rate of 10% compounded annually? Assuming a MARR of 14%, how much should you save each month to accumulate $1,000,000 over the next 25 years? A construction company purchases a truck for $125,000, and will sell it for $20,000 at the end of five years. The annual operating cost of the truck is $40,000. What is the...
5. (8 points) Calculate the following time value of money problems. a. What is the future...
5. (8 points) Calculate the following time value of money problems. a. What is the future value of 22 periodic payments of $7,520 each made at the beginning of each period and compounded at 8% per period? b. What would you pay for a $500,000 face value bond that matures in 15 years and pays $40,000 a year in interest (end-of-period payments) if you wanted to earn a yield of 9%. C. Mike Finley wishes to become a millionaire. His...
What's the future value of $1,300 after 5 years if the appropriate interest rate is 8%,...
What's the future value of $1,300 after 5 years if the appropriate interest rate is 8%, compounded monthly? Select one: O a. $1,753.51 of O b. $1,683.36 c. $1,936.80 O d. $1,841.18 O e. $1,928.86
What is the effective annual rate of a 12% APR compounded monthly? a. 1% O b. 12.68% O c. 12% O d. 12.12% Your grandmother bought $10,000 of a stock many years ago. The stock is worth $1,000,000 today. If the stock returned 18% annually. approximately how many years ago did she buy the stock? a. 27 b. 28 O c.29 d. 30 How much money would you need to save today if you wish to have $1,000,000 in 20...
3. What is the future value of $10,000 in 5 years if you put in an account earning 5% per year compounded monthly?
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
5. (8 points) Calculate the following time
value of money problems.a. What is the future value of 22 periodic
payments of $7,520 each made at the beginning of each period and
compounded at 8% per period?b. What would you pay for a $500,000
face value bond that matures in 15 years and pays $40,000 a year in
interest (end-of-period payments) if you wanted to earn a yield of
9%.c. Mike Finley wishes to become a millionaire. His money market
fund...
2) What is the present value of $12.500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10 3) You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of retum on your investment, how much will you sell the land for in 10 years? 12.51 4) If you want to have $875 in 2.67 years, how much money must you put in...
5. (8 points) Calculate the following time value of money problems. a. What is the future value of 22 periodic payments of $7,520 each made at the beginning of each period and compounded at 8% per period? b. What would you pay for a $500,000 face value bond that matures in 15 years and pays $40,000 a year in interest (end-of-period payments) if you wanted to earn a yield of 9%. C. Mike Finley wishes to become a millionaire. His...
What's the future value of $1,300 after 5 years if the appropriate interest rate is 8%, compounded monthly? Select one: O a. $1,753.51 of O b. $1,683.36 c. $1,936.80 O d. $1,841.18 O e. $1,928.86
Most questions answered within 3 hours.
-
You draw and keep a single bill from a hat that contains a
$11, $55, $20...
asked 7 minutes ago -
Write a Java program that has the following methods:
findSum - a method that takes in...
asked 8 minutes ago -
A coffee cup calorimeter initially contains 135g of water at
22.0oC. Calcium chloride (21.0g) at the...
asked 11 minutes ago -
A patient is having a magnetic resonance imaging scan (an MRI)
and has neglected to remove...
asked 13 minutes ago -
A student takes a multiple-choice test that has 10 questions.
Each question has two choices. The...
asked 38 minutes ago -
Willie Keeler has a lifetime batting average of 0.341. Assume
that Willie Keeler came to bat...
asked 39 minutes ago -
Which of the following has the highest boiling point?
A) 0.5m NaCl
B) 0.5m C6H12O6
C)...
asked 59 minutes ago -
12. A firm is producing at an output level where
AR = MC > AC >...
asked 55 minutes ago -
Radovilsky Manufacturing Company, in Hayward, California,
makes flashing lights for toys. The company operates its production...
asked 58 minutes ago -
As an athlete exercises, sweat is produced and evaporated to
jelp maintain a proper body temperature....
asked 57 minutes ago -
Which of these macromolecules is most prevalent (by mass) in the
environment? What particular challenge does...
asked 59 minutes ago -
Consider two stocks. Stock A has a standard deviation of 46% and
stock B has a...
asked 1 hour ago