We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
A=800,000*(1.06)^5
=800,000*1.33823
=$1070584
Milner Company will invest $800,000 today. The investment will earn 6% for 5 years, with no...
Question 21 Sunland Company will invest $860000 today. The investment will earn 9% for 4 years, with no funds withdrawn. In 4 years, the amount in the investment fund is Ic view factor tabl O $1169600o. 〇$1213959 $860000 O $1215827 LINK TO TEXT
vin otel2 Binmolile 5. Assume ABC Company deposits $90.000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. How much will ABC have in the account after five years if interest is reinvested? a. $120,953. b. $90,000. c. $117,000. d. $120,442. Lnsbut2 ma nsbie 6. Charlie Corp. is purchasing new equipment with a cash cost of $300,000 for an assembly line. The manufacturer has offered to accept $68,900 payment at the end of each...
Brief Exercise 6-5 Stacy Medavoy will invest $5,500 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 19 years? If the first payment occurs at year-end, what amount will be in the fund in 19 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g....
If you invest $10,000 today and earn a 20% annual internal rate of return (IRR) over five years (with all of the proceeds received at the end of the fifth year), then the amount you will receive at the end of the fifth year is: How much would you pay today for an investment offering a lump sum of $100,000 in five years if you hoped to earn an annual rate of return of 25%? You invest $300,000 today and...
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Mickey Michen will invest $6,420 a year for 24 years in a fund that will earn 5% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 24 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458581.)
Stacy Medavoy will invest $8,270 a year for 23 years in a fund that will earn 4% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 23 years? If the first payment occurs at year-end, what amount will be in the fund in 23 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) First...
Carla Medavoy will invest $8,550 a year for 18 years in a fund that will earn 15% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 18 years? If the first payment occurs at year-end, what amount will be in the fund in 18 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First...
Stacy Medavoy will invest $5,500 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 19 years? If the first payment occurs at year-end, what amount will be in the fund in 19 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First...
4. If you invest $100,000 today and earn 15 percent annual return on your investment for 30 years, what is the value of your investment 30 years later? (Future Value)