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How much money must you invest now at 4.3% interest compounded continuously in order to have...
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how much does she need to invest now ina CD paying 4.15% interest compounded monthly? Jane needs to invest $now (Round to the nearest cent as needed.) Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how...
How much money must you deposit at 6% interest compounded semiannually in order to earn $913.50 interest in one year? A deposit of $1 is needed to earn $913.50 in one year at 6% compounded semiannually. (Round to the nearest dollar.)
You have $520 in an account which pays 4.3% compounded annually. If you invest your money for 10 years, then how many dollars of interest will you earn by the end of the term?
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
A company must pay a $308, 000 settlement in 3 years. (a) What amount must be deposited now at 8% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $100, 000 now. How much more will be needed in 3 years? (d) Suppose the company can deposit $100 ,000 now in an account that pays interest continuously. What interest rate would they need to accumulate the...
Assume an interest rate of 5.70% compounded monthly. a. How much money do you need to invest to receive $1,200 at the end of each month for 11 months? $0.00 Round to the nearest cent b. If you would like your payments to last you 19 months, how much less would you have to receive at the end of each month if you invested the same amount as above?
Continuous Interest 10. If you invest $7,000 at 12 % compounded continuously, how much world it be worth in three years?
How much money(USD) do you have to invest if it earns continuous compound interest and the investment is continuously paid out to your bank account at a rate of $100,000 per year, and after 100 years the money is all used up? Interest rate is 'r', where r is whichever number leads to the smallest amount of money needed to be invested. What is the equation needed to find this answer, rather than a specific numerical answer.
1. What is the amount you would need to invest today or order to have $30,000 in 20 years and your investment has a 5% rate of return that is compounded annually? Round your answer to the nearest cent. 2. How much would you need to invest today in order to receive a monthly payment of $500 for 3 years. At the end of the three years there will be nothing left in the investment. This investment will yield 12%....
A couple just had a baby. How much should they invest now at 5.2% compounded daily in order to have $45,000 for the child's education 18 years from now? Compute the answer to the nearest dollar. (Assume a 365-day year.) The couple should invest $ now. (Round to the nearest dollar as needed.)