FV = 2050 * 56.9967
FV = $116,843.23
What is the future value of $2,050 per year for 25 years at an interest rate...
What is the future value of $1,975 per year for 23 years at an interest rate of 6.21 percent? Multiple Choice $91,190.75 $91,618.92 O 991682 $95,335.78 $92,048.34 $87.902.06
what is the future value of 2125 per year for 27 years at an interest rate of 6.33 percent
What is the future value of $600 in 21 years assuming an interest rate of 11 percent compounded semiannually? Multiple Choice $842.98 $737.89 $5,685.32 $5,369.50 $5,401.05
Calculate the future value of $3,000 in a. Four years at an interest rate of 5% per year. b. Eight years at an interest rate of 5% per year. c. Four years at an interest rate of 10% per year. d. Why is the amount of interest eared in part (a) less than half the amount of interest earned in part (b)? a. Four years at an interest rate of 5% per year. The future value of $3,000 in 4...
Future Value Compute the future value in year 8 of a $350 deposit in year 3 and another $150 deposit at the end of year 5 using a 10% interest rate. Future Value of an Annuity What is the future value of a $1,700 annuity payment over 10 years if the interest rates are 9 percent? Present Value of a Perpetuity What's the present value, when interest rates are 6.80 percent, of a $130 payment made every year forever? Future...
Calculate the future value of $9,000 in a. 4 years at an interest rate of 9% per year. b. 8 years at an interest rate of 9% per year. c. 4 years at an interest rate of 18% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? a. Calculate the future value of $9,000 in 4 years at an interest rate of 9% per year....
What is the future value (FV) of $60,000 in thirty years, assuming the interest rate is 4% per year? a. $39,000 b. $165,413 c. $194,604 d. $175,143
If an IRA is a variable-rate investment for 25 years at rate r percent per year, compounded monthly, then the future value S that accumulates from an initial investment of $1000 is s = 100011 + 0.01r]300 12 What is the rate of change of S with respect to r and what does it tell us if the interest rate is as follows? (Round your answers to two decimal places.) (a) 6% If we were to increase the rate by...
What is the Future Value of $3,000 after 3 years earning interest at the rate of 4.2% per year?
What is the future value of $25 a week for 40 years at 8.71 percent interest? Assume the first payment occurs at the end of this week.