Border Steel invested $500,000 in a new shearing unit. At an interest rate of 16% per...
Border Steel invested $500,000 in a new shearing unit. At an interest rate of 16% per year compounded quarterly, the annual income required to recover the investment in 3 years is closest to:
Question 11 options:
|
A) |
$196,101 |
|
B) |
$226,235 |
|
C) |
$436,237 |
|
D) |
$283,552 |
Homework Answers
Effective interest = (1+0.16/4)^4 -1
= 1.04^4 -1
= 0.16985856
= 16.985856%
Annual income required = 500000 * (A/P, 16.985856%,3)
= 500000 * 0.452470
= 226234.98
= 226235
Option B is correct
Add Answer to:
Border Steel invested $500,000 in a new shearing unit. At an
interest rate of 16% per...
Border Steel invested $500,000 in a new shearing unit. At an interest rate of 12% per...
Border Steel invested $500,000 in a new shearing unit. At an interest rate of 12% per year compounded quarterly, the annual income required to recover the investment in 3 years is closest to: (a) $283,552 (b)$226,235 (c)$236,237 (d)$210,148
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,Find the amount in the bank after 13 years if interest is compounded annually:Find the amount in the bank after 13 years if interest is compounded quarterly:Find the amount in the bank after 13 years if interest is compounded monthly:Finally, find the amount in the bank after 13 years if interest is compounded continuously:
Find the compound interest if RM1000 is invested for five years at an annual interest rate of 7% compounded
Find the compound interest if RM1000 is invested for five years at an annual interest rate of 7%compounded :a) quarterlyb) monthlyc) weekly
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
You can purchase an annuity that pays $1000 per year for 5 years. The first payment...
You can purchase an annuity that pays $1000 per year for 5 years. The first payment will be received exactly one year from today. If the interest rate is 8%, compounded quarterly, what is the most you would be willing to pay for the annuity (rounded to the next $)? Question 11 options: 1) $4,088 2) $3,791 3) $3,967 4) $4,713 5) $6,105 A quarterly compounded investment of $10,000 is expected to grow to $20,000 in 7 years. What is...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate per year? A) 0.5% B) 8% C) 16% D) 4% 2. $100 of interest is paid each month on an investment of $10000, if the interest is compounded monthly at the end of 2 years, what is the accumulation at the end of two years ? A) $12,544 B) $12,700 C) $12,400 D) $12,400 3. An individual wishes to deposit an amount of money...
If 5300 dollars is invested at an interest rate of 6 percent per year, find the...
If 5300 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent. (a) Annual: $ (b) Semiannual: $ (c) Montbly. $ (d) Daily: $
If $2000 is invested in an account that is compounded quarterly with an annual interest rate...
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
17. Determine the amount of each investment. a) $6500 invested at 4% per year, compounded semi-annually,...
17. Determine the amount of each investment. a) $6500 invested at 4% per year, compounded semi-annually, for 3 years b) $3200 invested at 3% per year, compounded quarterly, for 8 years c) $900 invested at 6% per year, compounded daily, for 150 days d) $25 000 invested at 8% per year, compounded monthly, for 35 years
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate per year? A) 0.5% B) 8% C) 16% D) 4% 2. $100 of interest is paid each month on an investment of $10000, if the interest is compounded monthly at the end of 2 years, what is the accumulation at the end of two years ? A) $12,544 B) $12,700 C) $12,400 D) $12,400 3. An individual wishes to deposit an amount of money...
If 5300 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent. (a) Annual: $ (b) Semiannual: $ (c) Montbly. $ (d) Daily: $
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
17. Determine the amount of each investment. a) $6500 invested at 4% per year, compounded semi-annually, for 3 years b) $3200 invested at 3% per year, compounded quarterly, for 8 years c) $900 invested at 6% per year, compounded daily, for 150 days d) $25 000 invested at 8% per year, compounded monthly, for 35 years
Most questions answered within 3 hours.
-
Based on how much or how little you have noticed in the media,
do you think...
asked 1 hour ago -
I calculate Rosetta Stone’s P/E ratio as 10x prior to a report
about future industry growth....
asked 3 hours ago -
What major physiological changes account for electrodermal
activity (as in during a lie-detector test)?
asked 4 hours ago -
You are going to sell fruits & vegetables at a local
roadside market. List separately and...
asked 4 hours ago -
Hows does water affect the digestion of fats ?
asked 7 hours ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 7 hours ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 7 hours ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 7 hours ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 7 hours ago -
50 grams each of water (18.015 g/mol) and ethylene glycol
(C2H6O2) (62.07 g/mol) are mixed. At...
asked 7 hours ago -
The life expectancy of sport utility vehicles follows a normal
distribution with a mean of 145.8...
asked 8 hours ago -
If an object with mass of 5 kg is pushed with a force of 552 N,...
asked 7 hours ago