You can earn in interest on a deposit for eight months. If the EAR is the same regardless of the length of the investment, how much interest will you earn on a deposit for:
a. months.
b. 1 year.
c. years.
You can earn $58 in interest on a $1,000 deposit for eight months. If the EAR is the same regardless of the length of the investment, how much interest will you earn on a $1,000 deposit for: a. 9 months. b. 1 year. c. 1.5 years.
You can earn $45 in interest on a $1,000 deposit for eight months. If the EAR is the same regardless of the length of the investment, how much interest will you earn on a $1,000 deposit for: a. 5 months. b. 1 year. c. 1.2 years.
1. How much will you have when deposit $25,000 for 9 years, if the interest is 12%? 2. If you want to have $200,000 in 3 years and you can earn 12%, how much would you have to depo it today? 3. If you think you can sell an asset for $60,000 in five years and you think the appropriate discount ra e is 9%, how much would you be willing to pay for the asset today? For example, you...
Assume that you deposit $1,000 at a compound interest rate of 8% for 2 years. How much additional interest will you earn as compared to receiving simple interest for the same time period? O $6.40 $16.64 $86.40 O Cannot determine from the information given.
How much interest is earned in the third year on a $1,000 deposit that earns 10% interest compounded annually? (2 points) I. 2. If you seek to be a millionaire (savings- $1,000,000) when you retire in 45 years, how much must you deposit at the end of each year if you earn 6% compounded annually? (2 points) rate of interest. The loan will have annual ment will be $10,000. The other three 3. You would like to loan me $100,000...
1) You plan to deposit $200 each month into an IRA earning 0.25% interest monthly. How much will you have in your account in 10 years? 2) You just graduated from college and landed your first "real" job, which pays $68,000 a year. In 9 years how much will you need to earn to maintain the same purchasing power if inflation is 0.75% per year? 3) Calculate the future value of $13,000 earning 9% for 35 years. 4) You have...
A. If you want to earn 9% annual simple interest on an investment, how much should you pay for a note that will be worth $24,400.00 in 2 months. B.If $9,000.00 is invested at 16% annual simple interest, how long does it take to be worth $37,800.00. It will take ____years? (round to the nearest whole).
How much must you deposit today if you can earn 2.40% annual rate of interest (with monthly compounding) in order to have $42,000 seven years from now? Please show ALL work with finance formulas.
How much interest will you earn on a $792 deposit at 6% compound semiannually if you deposit for 7 years?
Question 1: Consider a $4,700 deposit earning 9 percent interest per year for 9 years. Part 1: What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Part 2: How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Part 3: How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Question 2.To...
Appendix A You invest $3,000 in a certificate of deposit that matures after eight years and pays 5 percent interest, which is compounded annually until the certificate matures. Use Appendix A to answer the questions. Round your answers to the nearest dollar. How much interest will you earn if the interest is left to accumulate? $ How much interest will you earn if the interest is withdrawn each year? $