Calculating Interest Rate,
Using TVM Calculation,
I = [PV = 0, FV = 171,659, PMT = -7,000, N = 13]
I = 10.00%
Problem 6-12 What interest rate will make $7,000 per year accumulate to $171,659 in 13 years? Round the answer to t...
Problem 6-13 How many years will it take for $800 per year to accumulate to $20,500 if the interest rate is 7%? Round FVFA values in intermediate calculations to four decimal places. Round the answer to the nearest whole year years
Problem 6-6 At what interest rate will $1,000 grow into $2,409.85 in 13 years? Round the answer to the nearest whole percentage. Do not round your intermediate calculations
Debra King wants to accumulate $9,000 by the end of 12 years. If the annual interest rate is 9.00 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
Karen White wants to accumulate $13,500 by the end of 12 years. If the annual interest rate is 5.70 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Present value of investment $
Michelle Walker wants to accumulate $13,500 by the end of 12 years. If the annual interest rate is 8.00 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Present value of investment $
Problem 5.14 Patricia Johnson wants to accumulate $12,000 by the end of 12 years. If the annual interest rate is 8.80 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Present value of investment Click if you would like to Show Work for this question: Open Show...
11. Calculate the future value of $7,000 in a. Four years at an interest rate of 6% per year. b.Eight years at an interest rate of 6% per year. C. Four years at an interest rate of 12% per year. d. Why is the amount of interest earned in part ​(a​) less than half the amount of interest earned in part ​(b​)?
What is the present value of $4000 per year annuity for 8 years at an interest rate of 6%(please round to nearest whole number)
You need to accumulate $10,000. To do so, you plan to make deposits of $1,000 per year - with the first payment being made a year from today - into a bank account that pays 8.81% annual interest. Your last deposit will be less than $1,000 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Round your answer up to the nearest whole number. year(s) How large will...
ou need to accumulate $10,000. To do so, you plan to make deposits of $1,150 per year - with the first payment being made a year from today - into a bank account that pays 8.62% annual interest. Your last deposit will be less than $1,150 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Round your answer up to the nearest whole number. 7.year(s) How large will...