Suppose you deposit $1000 today in an account, expecting at some point to receive $2000. This account pays 8% annually. How many years should you expect to wait before you get your $2000
Future value = present value*(1+ rate)^time |
2000 = 1000*(1+0.08)^Time |
Time(in years) = 9.01 |
Suppose you deposit $1000 today in an account, expecting at some point to receive $2000. This...
8. You deposit $1000 in an account today You will deposit $600 at the end of each month for the next twelve months and $800 per month for the following twelve months. How much interest will you have earned in two years in the account pays 5.5% compounded monthly?
4. If you deposit money today in an account that pays 2.5% annual interest, how long will it take to double your money? Steps (9 points): Answer (1 point): 5. You have $100,000 in a brokerage account, and you plan to deposit an additional $7,500 at the end of every future year until your account totals $1,000,000. You expect to earn 10% annually on the account How many years will it take to reach your goal? Steps (9 points): Answer...
You deposit $1000 in an account today You will deposit $600 at the end of each month for the next twelve months and $800 per month for the following twelve months. How much interest will you have earned in two years in the account pays 5.5% compounded monthly?
You deposit $1000 today, followed by $2000 one year from today and $3000 two years from today. The interest rate in the account is 9.9% compounded quarterly. How much will you have in three years’ time (three years from today)? $7081.23 $7063.91 $6405.80 $7039.98 $6000.00
If you deposit $10,000 today in an account that earns 14.5% compounded annually, how much will the account be worth in 45 years? You have the opportunity to purchase an investment that will pay $1,625,000 at the end of 40 years. If your required rate of return on this investment is 13.2%, what is the maximum amount you should be willing to pay for it? Your grandparents deposited a $10,000 birthday check for you when you were...
1- Suppose you deposit $1000 in an account at the end of each of the next four years. If the account earns 12% annually, how much will be in the account at the end of 7 years?
Suppose you deposit 4859 today in a savings account that earns an annual interest rate of 4.53% which is compounded annually. Assuming no withdrawals, how much would you have at the end of 8 years?
You would like to deposit $1000 in a savings account. The bank gives you two options: Account A pays interest at a rate of 8% (annually compounded) each year. Account B pays a simple interest rate of 8% per year (but never compounds), and gives you a $50 bonus at the end of 5 years. What is the difference in the account balances in 5 years? (Your answer should be the solution to Balance of Account A minus Balance of...
A. Suppose you deposit $1,100.00 into an account 4.00 years from today. Exactly 14.00 years from today the account is worth $1,756.00. What was the account's interest rate? B. Suppose you need to have $53,880.00 in an account 17.00 years from today and that the account pays 8.00%. How much do you have to deposit into the account 9.00 years from today? C. It is _______ for a company to issue equity than debt; it is ________ for an investor...
8. Chapter MC, Section .05, Problem 074 You deposit $825 today in a savings account that pays 6 % interest, compounded annually. How much will your account be worth at the end of 25 years? Oa $4,213.54 Ob. $3,965.69 Oc. $3,257.53 Od. $4,001.10 Oe. $3,540.79