The future value is $12, 833.59.
3. What is the future value of $10,000 in 5 years if you put in an...
What is the future value of $10,000 in 3 years if the appropriate rate is 5%? O a. $8,638.38 b. $8,500.00 O c. $11.576.25 d. $11,500 How much is needed to be saved today to have $10,000 in 10 years if you will earn 6%, compounded monthly? a. $5.500.00 b. S5,496.33 c. $5,583.95 d. $6,000.00 What is the effective annual rate of a 12% APR compounded monthly? O a. 1% O b. 12.68% O c. 12% O d. 12.12% Your...
P5-3 Future value You have $100 to invest. If you put the money into an account earning 5% interest compounded annually, how much money will you have in 10 years? How much money will you have in 10 years if the account pays 5% simple interest? P5-26 Perpetuities Consider the data in the following table. Discount rate Perpetuity A Annual payment $ 20,000 100,000 3,000 60,000 8% 10 B 6 C 5 D Determine the present value of each perpetuity.
solve Find the future value of $10,000 placed in an account earning 82% per year for 20 years, if the interest is compounded: a. annually b. daily. c. How much more is earned by compounding daily?
What is the future value of $10,000 deposited for five years earning 5% interest rate annually
What is the future value of $2,000 in three years if you deposit it today in an account earning 4% per year?
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...
Given: You put away S10,000 at the end of each year for an anticipated future worth of $74420 in 5 years. Find: The annual interest rate. Problem 2.6 Annual deposits earning monthly interest Given: You deposit $10,000 each year at a monthly interest of 8%. Find: The amount you have in 10 years.
1. What is the future value in 7.4 years of $8651 invested in an account with a stated annual interest rate of 10%, compounded annually? 2. What is the future value in 14 years of $818 invested in an account with a stated annual interest rate of 4.3%, compounded semi-annually? 3. What is the future value in 5 years of $7922 invested in an account with a stated annual interest rate of 5.8%, compounded monthly 4. What is the future...
Problem 1 Part A: What is the future worth an investment, before taxes, if $10,000 is placed in a savings account for 10 years, earning a nominal interest rate of 6%year compounded monthly? Part B: How many years will be required for the original principle amount to double in value? For Part B, assume biannual interest compounding is applied with the same nominal interest rate of 6%/year. Part C: What is the shortest time in years to double the original...
3. What is the future value after 22 years of year-end deposits $__250_____ earning 3% 4. What is the future value in the preceding problem if deposits are year-beginning? Put in excel with formulas