An investment company pays 4% compounded semiannually. You want to have $10,000 in the future. (A)...
An investment company pays 8% compounded semiannually. You want to have $18,000 in the future. (A) How much should you deposit now to have that amount in 5 years? (B) How much should you deposit now to have that amount in 10 years? (round to the nearest cent)
An investment company pays 4% compounded semiannually. You want to have $19,000 in the future. How much should you deposit now to have that amount 5 years from now? P = $ ? (Do not round until the final answer. Then round to two decimal places as needed.)
An investment company pays 8% compounded semiannually. You want to have $16,000 in the future. How much should you deposit it now to have that amount in 5 years? How much in 10 years?
How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...
Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25 years, you have $500,000. How much of this total is interest? Enter your answer rounded to the nearest hundred dollars.
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
Find the present value for the following future amount. $ 9780 at 4.5% compounded semiannually semiannually for 14 years. The present value is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 9.1% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3...
3. You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortized over 3 years (36 months), and the nominal interest rate would be 12%, with interest paid monthly. What is the monthly loan payment? Round your answer to the nearest cent. $ What is the loan's EFF%? Round your answer to two decimal places. % 4. Find the present values of the following cash flow streams. The appropriate interest rate...
Jim places $10,000 in a bank account that pays 11.6% compounded continuously. After 2 years, will he have enough money to buy a car that costs $12,618? If another bank will pay Jim 12% compounded semiannually, is this a better deal? After 2 years, Jim will have $ (Round to the nearest cent as needed.) Jim will have enough money to buy the $12,618 car after 2 years. After 2 years, the other bank will yield $ (Round to the...