C=2100
I=8.4%
n=17
FV = C(1+I)n
=2100(1+0.084/2)17=$4226.34
C=2100
I=8.4%
n=17
FV = C(1+I)n
=2100(1+0.084/2)17/2= the answer
don't forget to divide the exponent, rachale!
What is the future value of $1,000 in 17 years assuming an interest rate of 11 percent compounded semiannually? rev: 09_17_2012 $1,215.97 $5,895.09 $5,865.53 $1,374.30 $6,174.24
What is the future value of $600 in 21 years assuming an interest rate of 11 percent compounded semiannually? Multiple Choice $842.98 $737.89 $5,685.32 $5,369.50 $5,401.05
What is the future value of $200 in 20 years assuming an interest rate of 7 percent APR, compounded semiannually? O $773.94 O $752.26 O $24751 O $791.85 O $22776
(Bond valuation) You are examining three bonds with a par value of $1 comma 000 (you receive $1 comma 000 at maturity) and are concerned with what would happen to their market value if interest rates (or the market discount rate) changed. The three bonds are Bond Along dasha bond with 4 years left to maturity that has an annual coupon interest rate of 8 percent, but the interest is paid semiannually. Bond Blong dasha bond with 8 years left...
please answer 16,18 and 20 no pictures answers borrowers? Explain Calculating Future Val assuming an interes Calculating Fu compounded daily on What is the an uninformed beport to potential The bank uses daily compound u is the bank required by law to report to potential Explain why this rate is misleading to an uninformed borrower Future Values (LOI) What is the future value of 53.100 in 17 years interest rate of 8.4 percent compounded semiannually? Future Values (L01 Spartan Credit...
All answers must be entererd as formulas two different questions CHAPTER 5 Saved Help Save & Exit Submit Clipboard Styles A1 E F G What is the future value of $2,400 in 17 years assuming an interest rate of 7.9 percent compounded semiannually? 2,400 = Bauw 17 Deposit Number of years Interest rate Times compounded per year 7.9% Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. Future value 3 CHAPTER 5...
you expect to receive $1,000 at the end of each of the next 3 years. you will deposit these payments into an account which pays 10 percent compounded semiannually. what is the future value of these payments, that is, the value at the end of the third year?
Assuming an interest rate of 10 percent compounded semiannually, the future value of $500 in 16 years is . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g. 32.16)) References eBook& Resources
(Bond valuation) You are examining three bonds with a par value of $1,000 (you r rate changed. The three bonds are ive $1.000 a maturity) and are concerned with what would happen to the market value interest rates for the market discount Bond A Bond B Bond c abond with 4 years of to maturity that has an annual coupon interest rate of percent, but the interest is paid semiannual abond with 11 years of tomatunity that has an annual...
a. (Related to Checkpoint 5.2) (Compound interest with non-annual periods) You just received a bonus of $4,000 Calculate the future value of $4,000, given that it will be held in the bank for 10 years and earn an annual interest rate of 7 percent. b. Recalculate part (a) using a compounding period that is (1) semiannual and (2) bimonthly c. Recalculate parts (a) and (b) using an annual interest rate of 14 percent. d. Recalculate part (a) using a time...