Homework Answers
SOLUTION
FV = PV * (1+R)^n
Present value = $15,400
R = 8%
n= 3
FV = $15,400 * (1+8%)^3
FV = $19,404
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Ans: Britney invested $15,400 today in a fund that earns 8% compounded quarterly. To what amount...
Adams Spear invested $16,000 today in a fund that earns 8% compounded annually. Click here to...
Adams Spear invested $16,000 today in a fund that earns 8%
compounded annually.
Click here to view factor tables
To what amount will the investment grow in 3 years? To what amount
would the investment grow in 3 years if the fund earns 8% annual
interest compounded semiannually? (Round factor values
to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal
places, e.g. 458,581.)
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What minimum amount will have to be dedicated today to a fund earning 3.4% compounded quarterly, if the first quarterly payment of $7000 in perpetuity is to occur five years from now? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Amount to be dedicated is $
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How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded...
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Adams Spear invested $16,000 today in a fund that earns 8%
compounded annually.
Click here to view factor tables
To what amount will the investment grow in 3 years? To what amount
would the investment grow in 3 years if the fund earns 8% annual
interest compounded semiannually? (Round factor values
to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal
places, e.g. 458,581.)
Investment at 8% annual
interest
$
Investment at 8% annual
interest, compounded semiannually
$
Brief Exercise 6-1 Alan Spear invested $15,500 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decímal places, e.g. 458,581.) Investment at 8% annual interest investment at 8% annual interest, compounded...
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