Question

Assume the nominal rate of return is 8.59% and the real rate is 2.08%. Find the...

Assume the nominal rate of return is 8.59% and the real rate is 2.08%. Find the inflation rate of return using the exact formula.

Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

Suppose you deposit $1,609.00 into and account 6.00 years from today into an account that earns 9.00%. How much will the account be worth 18.00 years from today?

Answer format: Currency: Round to: 2 decimal places.

Suppose you need to have $51,543.00 in an account 20.00 years from today and that the account pays 10.00%. How much do you have to deposit into the account 5.00 years from today?

Answer format: Currency: Round to: 2 decimal places.

Could really use the help! Please show all steps (not excel) for better understanding :) Thank You.

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Assume the nominal rate of return is 8.59% and the real rate is 2.08%. Find the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Suppose you deposit $1,379.00 into and account 5.00 years from today into an account that earns...

    Suppose you deposit $1,379.00 into and account 5.00 years from today into an account that earns 14.00%. How much will the account be worth 18.00 years from today? Answer Format: Currency: Round to: 2 decimal places.

  • Derek will deposit $3,048.00 per year for 10.00 years into an account that earns 13.00%. Assuming...

    Derek will deposit $3,048.00 per year for 10.00 years into an account that earns 13.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 38.00 years from today? #1 Submit Answer format: Currency: Round to: 2 decimal places.

  • Chrome File Edit View History Bookmarks People Tab Window Help 99% [ Tue 12:08:23 PM Q...

    Chrome File Edit View History Bookmarks People Tab Window Help 99% [ Tue 12:08:23 PM Q E ... #1+2 (p. 93) x CSePub - Electronic Publishing x + E → C csepub.com/exercise/users/problem sets/30687 ☆ Paused O #2 Suppose you need to have $59,386.00 in an account 24.00 years from today and that the account pays 14.00%. How much do you have to deposit into the account 14.00 years from today? unanswered Submit not submitted Attempts Remaining: Infinity Answer format: Currency:...

  • What is the value today of a money machine that will pay $1,598.00 per year for...

    What is the value today of a money machine that will pay $1,598.00 per year for 22.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 12.00%. Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted #2 What is the value today of a money machine that will pay $2,393.00 every six months for 18.00 years? Assume the first payment is made six months from today and the interest rate is...

  • Suppose you deposit $1,058.00 into an account 5.00 years from today that earns 11.00%. It will...

    Suppose you deposit $1,058.00 into an account 5.00 years from today that earns 11.00%. It will be worth $1,853.00 years from today. unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Number: Round to: 2 decimal places. Assume the real rate of interest is 4.00% and the inflation rate is 6.00%. What is the value today of receiving 10,012.00 in 13.00 years? unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places.

  • Assume the nominal rate of return is 8.63% and the real rate is 4.68%. Find the...

    Assume the nominal rate of return is 8.63% and the real rate is 4.68%. Find the inflation rate of return using the exact formula. Answer Format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

  • Suppose you need to have $52,557.00 in an account 19.00 years from today and that the...

    Suppose you need to have $52,557.00 in an account 19.00 years from today and that the account pays 8.00%. How much do you have to deposit into the account 6.00 years from today? Answer Format: Currency: Round to: 2 decimal places.

  • Derek wants to withdraw $12,560.00 from his account 5.00 years from today and $12,875.00 from his...

    Derek wants to withdraw $12,560.00 from his account 5.00 years from today and $12,875.00 from his account 15.00 years from today. He currently has $2,845.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 5.02% interest rate. His account must equal zero by year 15.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places. Derek currently has $14,502.00 in an account that pays 5.00%. He...

  • Derek will deposit $2,185.00 per year for 14.00 years into an account that earns 8.00%. Assuming...

    Derek will deposit $2,185.00 per year for 14.00 years into an account that earns 8.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 32.00 years from today? Derek will deposit $5,800.00 per year for 27.00 years into an account that earns 16.00%, The first deposit is made next year. How much will be in the account 37.00 years from today? Derek will deposit $1,404.00 per year for 16.00 years into an...

  • Can you please show the work for this step by step? I would greatly appreciate it...

    Can you please show the work for this step by step? I would greatly appreciate it I keep getting off by a few numbers. Thank you! Derek will deposit $2,091.00 per year into an account starting today and ending in year 13.00. The account that earns 9.00%. How much will be in the account 13.0 years from today? unanswered Submit not submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT