Homework Answers
| This can be solved using the Future value formula | ||
| Future value = Present value * (1+r)^n | ||
| 20000=9162.20*(1+r)^16 | ||
| (1+r)^16 = (20000/9162.20) | ||
| (1+r)^16 = 2.1828818 | ||
| r is = 16% Approx. | ||
| Annual rate of interest is = 16% | ||
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Brief Exercise G-20 If Britney Cozart invests $9,162.20 now and she will receive $20,000 at the end of 16 years, what annual rate of interest will Britney earn on her investment? (Hint: Use Table 3.)...
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If Colleen Mooney invests $3,400.25 now and she will receive $13,500 at the end of 16...
If Colleen Mooney invests $3,400.25 now and she will receive
$13,500 at the end of 16 years, what annual rate of interest will
Colleen earn on her investment? (Hint: Use Present value
of 1 factor table.) (Round answer to 0 decimal places,
e.g. 25%.)
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
Annual rate of interest
%
Click if you would like to
Show Work for this...
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Annual rate of interest % nment CALCOLATOR IUL L SCREEN PRINTERVIRSİON 4BACK Question 4 If Colleen...
Annual rate of interest %
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Brief Exercise G-19 Colleen Mooney invest $9.990 58 now and she will receive $17,300 at the...
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Brief Exercise G-10 Blossom Company earns 8% on an investment that will return $430,000 7 years...
Brief Exercise G-10
Blossom Company earns 8% on an investment that will return
$430,000 7 years from now.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the amount Blossom should invest now to earn this rate of
return? (Round answer to 2 decimal places, e.g.
25.25.)
Blossom Company should invest
$enter an amount to be invested in dollars rounded to 2 decimal
places
Brief Exercise A-18 If Colleen Mooney invests $9,610.38 now and she will receive $18,000 at the end of 16 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Present value of 1 factor table.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest
If Colleen Mooney invests $3,400.25 now and she will receive
$13,500 at the end of 16 years, what annual rate of interest will
Colleen earn on her investment? (Hint: Use Present value
of 1 factor table.) (Round answer to 0 decimal places,
e.g. 25%.)
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
Annual rate of interest
%
Click if you would like to
Show Work for this...
Brief Exercise G-22 Kevin Morales invests $6,097.36 now for a series of $1,400 annual returns beginning one year from now. Kevin will earn a return of 10% on the initial investment. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many annual payments of $1,400 will Kevin receive? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25.) Number of annual payments
Annual rate of interest %
nment CALCOLATOR IUL L SCREEN PRINTERVIRSİON 4BACK Question 4 If Colleen Mooney invests $3,402.39 now and she will receive $11,500 at the end of 18 years, what annual rate of interest will Colleen earn on her investment? (Hint Use Present value of 1 factor table.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual...
Brief Exercise G-19 Colleen Mooney invest $9.990 58 now and she will receive $17,300 at the end of 14 years, what annual rate of interest will con e deciples 25 car on her investment Cent Use Table 3.) (Round answer Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of Click here to view the factor table Present Value of 1 Click here to view the...
Brief Exercise G-10 Lloyd Company earns 12% on an investment that will return $453,000 9 years from now. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Lloyd should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Lloyd Company should invest $ LINK TO TEXT Brief Exercise G-11 Robben Company is considering investing in an annuity...
Brief Exercise G-10 Lloyd Company earns 6% on an investment that will return $465,000 9 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Lloyd should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Lloyd Company should invest $
Brief Exercise G-10
Blossom Company earns 8% on an investment that will return
$430,000 7 years from now.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the amount Blossom should invest now to earn this rate of
return? (Round answer to 2 decimal places, e.g.
25.25.)
Blossom Company should invest
$enter an amount to be invested in dollars rounded to 2 decimal
places
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