in excel, calculate: john plans to invest $2,000 in a certificate of deposit today, and will...
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excel, calculate:
john plans to invest $2,000 in a certificate of deposit today,
and will...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for five years. The CD will pay interest of 9 percent compounded annually. What is the future value of Allen’s investment? How much would that investment be if Allen received simple interest only instead of compounded interest? 2. Mary Grace expects to need $50,000 for a down payment on a house in six years. How much would she have to invest today in an account...
Appendix A You invest $3,000 in a certificate of deposit that matures after eight years and...
Appendix A
You invest $3,000 in a certificate of deposit that matures after
eight years and pays 5 percent interest, which is compounded
annually until the certificate matures. Use Appendix A to answer
the questions. Round your answers to the nearest dollar.
How much interest will you earn if the interest is left to
accumulate?
$
How much interest will you earn if the interest is withdrawn
each year?
$
financial calculator steps please Han Zolo wants to invest in a bank certificate of deposit that...
financial calculator steps please
Han Zolo wants to invest in a bank certificate of deposit that will pay him 14 percent Interest, compounded semi-annually. If he is investing $3,502 today, how many years later will he reach his goal of $650,426? 39 years 78 years 77 years Error Never
You plan to invest an amount of money in five-year certificate of deposit (CD) at your...
You plan to invest an amount of money in five-year certificate of deposit (CD) at your bank. The stated interest rate applied to the CD is 12 percent, compounded monthly. How much must you invest if you want the balance in the CD account to be $8,500 in five years? Please explain the formula.
(b) Suppose you wish to invest $2,000 today so that you have $4,000 six years from...
(b) Suppose you wish to invest $2,000 today so that you have $4,000 six years from now. What must the annual interest rate be in order to achieve your goal if interest is compounded quarterly? (3 marks)
Intro You invest $2,000 in a 4-year certificate of deposit (CD) that pays 4% interest, compounded...
Intro You invest $2,000 in a 4-year certificate of deposit (CD) that pays 4% interest, compounded annually Part 1 How much money will you have when the CD matures? 8 - Attempt 1 /10 for 10 pts. No decimals Submit Intro You've just deposited $8,000 in a savings account to save for a new car that you want to buy in 9 years. Part 1 How much money will you have in 9 years if the interest rate is 6%?...
john wants to have $ 2,000,000 for retirement in 45 years. he invest in a mutual...
john wants to have $ 2,000,000 for retirement in 45 years. he invest in a mutual fund. paying an average of 955 each year compounded quarterly. How much should he deposit into his mutual fund?
How much money should Ali invest today into a fund that earns interest at 3.25% compounded...
How much money should Ali invest today into a fund that earns interest at 3.25% compounded quarterly, if he wants to receive $7,750 at the end of every 6 months for the next 4 years?
3. Two years ago, you invested $5,000 in a four-year certificate of deposit (CD). The annual...
3. Two years ago, you invested $5,000 in a four-year certificate of deposit (CD). The annual (stated) rate is 4% on the CD and it is compounded quarterly. Rates have increased and you are considering reinvesting in another certificate of deposit. However, if you withdraw the money from the original CD, you suffer a 10% penalty on the entire balance (interest and principal): a. If you make the withdrawal today, how much would you have remaining? (8 Points)
If you invest $2,000 today, withdraw $1,000 in 3 years, deposit $3,000 in 5 years, deposit...
If you invest $2,000 today, withdraw $1,000 in 3 years, deposit $3,000 in 5 years, deposit $1,500 in 8 years. (a) Draw the cash flow diagram from your perspective. (b) How much will you withdraw if you decide to withdraw the entire sum three years after the final deposit and the interest rate is 7%. Show your calculations to get credit. (c) Find the present worth equivalent using the actual cash flows and interest rate of 7%. Show your calculations...
financial calculator steps please
Han Zolo wants to invest in a bank certificate of deposit that will pay him 14 percent Interest, compounded semi-annually. If he is investing $3,502 today, how many years later will he reach his goal of $650,426? 39 years 78 years 77 years Error Never
Intro You invest $2,000 in a 4-year certificate of deposit (CD) that pays 4% interest, compounded annually Part 1 How much money will you have when the CD matures? 8 - Attempt 1 /10 for 10 pts. No decimals Submit Intro You've just deposited $8,000 in a savings account to save for a new car that you want to buy in 9 years. Part 1 How much money will you have in 9 years if the interest rate is 6%?...
3. Two years ago, you invested $5,000 in a four-year certificate of deposit (CD). The annual (stated) rate is 4% on the CD and it is compounded quarterly. Rates have increased and you are considering reinvesting in another certificate of deposit. However, if you withdraw the money from the original CD, you suffer a 10% penalty on the entire balance (interest and principal): a. If you make the withdrawal today, how much would you have remaining? (8 Points)
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