Twenty years ago Cody invested $8,000 in a savings bond. If the bond matures today for...
Twenty years ago Cody invested $8,000 in a savings bond. If the bond matures today for $71,970 what was its annual rate of change? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%
Homework Answers
For calculating annual rate of change, we need to find out 20 years rate of change.
That is = 71,970/8,000*100 =899.63%
Annual rate of change = 899.63/20 =44.98%
Add Answer to:
Twenty years ago Cody invested $8,000 in a savings
bond. If the bond matures today for...
Fifteen years ago wynn invested $13000 in a savings bond.if the bond matures today for $27,376what...
Fifteen years ago wynn invested $13000 in a savings bond.if the bond matures today for $27,376what was its annual rate of change?
You have a savings bond that $1000 when it matures in 20 years from today but...
You have a savings bond that $1000 when it matures in 20 years from today but you need cash now. If the current interest rate is 4% what can you get for the bond if you sell today?
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with...
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with a $10,000 deposit. Pei has made no other deposits or withdrawals. What annual interest rate (compounded annually) has the account earned? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)
Suppose that you invested $8,000 in a corporate bond 12 years ago and have been receiving...
Suppose that you invested $8,000 in a corporate bond 12 years ago and have been receiving annual payments of $700 on the bond. You will continue to receive annual payments of this same amount for the next 3 years, after which time you will also receive a payment equal to your initial investment as your final payment. Suppose another investor is interested in purchasing the bond from you. What is the minimum price you should accept for the bond if...
You invested $7,000 in a savings deposit 5 quarters ago and it has grown to $7993...
You invested $7,000 in a savings deposit 5 quarters ago and it has grown to $7993 today. What nominal rate of annual interest (compounding quarterly) did you earn? (expressed as a percentage to two decimal places; don’t use the % sign)
Question 5 [6 points] compute the missing pieces of information. Note: Please make sure your final...
Question 5 [6 points] compute the missing pieces of information. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Nominal Rate Compounding Frequency Effective Rate 8.50% Monthly 0.00% 0.00% Daily 7.00%
10 Suppose that you invested $8,000 in a corporate bond 12 years ago and have been...
10 Suppose that you invested $8,000 in a corporate bond 12 years ago and have been receiving annual payments of $680 on the bond. You will continue to receive annual payments of this same amount for the next 3 years, after which time you will also receive a payment equal to your initial investment as your final payment. Suppose another investor is interested in purchasing the bond from you. What is the minimum price you should accept for the bond...
A bottle of liquid laundry detergent priced at $15.50 for a 50-load bottle has been changed...
A bottle of liquid laundry detergent priced at $15.50 for a 50-load bottle has been changed to $14.75 for a 54-load bottle. By what percentage has the price per load changed? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%
0You are considering purchasing a corporate bond with exactly twenty years left until it matures. This...
0You are considering purchasing a corporate bond with exactly twenty years left until it matures. This bond has an 8% annual coupon rate and makes coupon payments semiannually. Its face value (or maturity value) is $40,000, which you expect to receive at the end of the twentieth year. How much would you pay for this bond today if a. you required an APR six percent compounded semiannually? b. you required an APR ten percent compounded semiannually? c. you required an...
David has a savings account with a 8,000 balance today. The account earns an annual percentage...
David has a savings account with a 8,000 balance today. The account earns an annual percentage rate of interest of 1.75%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's account balance to double? Your Answer: Answer
Suppose that you invested $8,000 in a corporate bond 12 years ago and have been receiving annual payments of $700 on the bond. You will continue to receive annual payments of this same amount for the next 3 years, after which time you will also receive a payment equal to your initial investment as your final payment. Suppose another investor is interested in purchasing the bond from you. What is the minimum price you should accept for the bond if...
Question 5 [6 points] compute the missing pieces of information. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Nominal Rate Compounding Frequency Effective Rate 8.50% Monthly 0.00% 0.00% Daily 7.00%
10 Suppose that you invested $8,000 in a corporate bond 12 years ago and have been receiving annual payments of $680 on the bond. You will continue to receive annual payments of this same amount for the next 3 years, after which time you will also receive a payment equal to your initial investment as your final payment. Suppose another investor is interested in purchasing the bond from you. What is the minimum price you should accept for the bond...
David has a savings account with a 8,000 balance today. The account earns an annual percentage rate of interest of 1.75%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's account balance to double? Your Answer: Answer
Most questions answered within 3 hours.
-
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 11 seconds ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 1 minute ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 28 minutes ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 41 minutes ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 48 minutes ago -
Consider a 1.0 L buffer containing 0.092 mol L-1 HCOOH and 0.100
mol L-1 HCOO-. What...
asked 57 minutes ago -
Koch Realty has owned a vacant land with a FMV of
$775,000 and an adjusted basis...
asked 1 hour ago -
It is estimated 29% of all adults in United States invest in
stocks and that 85%...
asked 1 hour ago -
What does a 2-sided p value of 0.04 mean? (I am not asking if it
is...
asked 1 hour ago -
A parallel-plate capacitor is made from two aluminum-foil
sheets, each 7.8 cmcm wide and 5.1 mmlong....
asked 1 hour ago -
1. why is toluene a stronger nucleophile than benzene?
2.why is phenol a stronger nucleophile than...
asked 1 hour ago -
4. How can you solve for the density of the liquid from the
slope? Please show...
asked 1 hour ago