You invest a single amount of $13,000 for 6 years at 13 percent. At the end of 6 years you take the proceeds and invest them for 15 years at 18 percent.
How much will you have after 21 years? Use Appendix A for an
approximate answer, but calculate your final answer using the
formula and financial calculator methods.
amount received after 6 years = amount invested*(1+r)^n
=>13000*(1.13)^6
=>27,065.37.
amount after 21 years will be = amount received after 6 years*(1+r)^n
=>27,065.37*(1.18)^15
=>$324,073.92.
You invest a single amount of $13,000 for 6 years at 13 percent. At the end...
You invest a single amount of $15,500 for 6 years at 13 percent. At the end of 6 years you take the proceeds and invest them for 15 years at 18 percent. How much will you have after 21 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and invest them for 12 years at 15 percent. How much will you have after 17 years? Include financial calculator steps, including the keys pressed on the calculator to solve each question.
You invest a single amount of $15,000 for 4 years at 11 percent. At the end of 4 years you take the proceeds and invest them for 15 years at 18 percent. How much will you have after 19 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value
How much would you have to invest today to receive the following? Use Appendix B or Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $15,250 in 11 years at 7 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $19,600 in 18 years at 11 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c....
If you invest $14,500 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 12 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. In 17 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. In 25...
If you invest $8,200 per period for the following number of periods, how much would you have in each of the following instances? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods a. In 9 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value b. In 25 years at 13 percent? (Do not round intermediate calculations. Round your final answer...
You need $25,256 at the end of 8 years, and your only investment outlet is an 8 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What single payment could be made at the beginning of the first year to achieve this objective? (Do not round intermediate calculations. Round...
You need $25.656 at the end of 6 years, and your only investment outlet is an 11 percent long-term certificate of depost (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use angendix and Appendix for an approximate answer, but calculate your final answer using the formula and financial culator methods a. What single payment could be made at the beginning of the first year to achieve this objective? (Do...
If you invest $19,500 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 12 years at 11 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. In 18 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. In 25...
You need $24,156 at the end of 7 years, and your only investment outlet is an 9 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What single payment could be made at the beginning of the first year to achieve this...