Question

QUESTION 5 Ali earned a return on his investment worth $4,212. Calculate the money he invested ten years ago? Interest rate w

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Q5 Principal*((1+Interest rate)^No.of Periods-1) Interest 4212 = x*(1+0.12)^10-1) 4212= 2.105848208x 4212/2.105848208 X Amoun

Add a comment
Know the answer?
Add Answer to:
QUESTION 5 Ali earned a return on his investment worth $4,212. Calculate the money he invested...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Question 2 1 pts You invested $11,000, 11 years ago, and today the investment is worth...

    Question 2 1 pts You invested $11,000, 11 years ago, and today the investment is worth $26,000. At what annual interest rate was the money invested, assuming the interest was compounded annually? Express your answer in % to the nearest 1/10%.

  • Question 13 of 15 Trevor invested the profit of his business in an investment fund that was earning 2.25% compounde...

    Question 13 of 15 Trevor invested the profit of his business in an investment fund that was earning 2.25% compounded monthly. In 3 years, he began withdrawing $2,500 from this fund at the end of every 6 months. If the money in the fund lasted for the next 5 years, how much money did he initially invest in the fund? Round to the nearest cent

  • 5 Consider the investment project with the following net cash flows: Year Net Cash Flow 0...

    5 Consider the investment project with the following net cash flows: Year Net Cash Flow 0 $1,500 SX $650 SX What would be the value of X if the project's IRR is known to be 10%? The annual income from a rented house is $24,000. The annual expenses are $6000. If the house can be sold for $245,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 900 to be...

  • a. Given: Mr. Uga has $100 million to invest. He wants his investment to triple in...

    a. Given: Mr. Uga has $100 million to invest. He wants his investment to triple in 6 years. A bank offers him an attractive rate of return that is compounded monthly. Solve for: What interest rate per month should the bank pay Mr. Uga in order for his investment to triple in 6 years? b. Given: Mr. Buga would like to invest a lump sum of money today in order withdraw $10,00 five years from today, $10,000 ten years from...

  • Need help, please show work for solutions. 1.) An investor just invested $10,000 in an investment that is expected to ea...

    Need help, please show work for solutions. 1.) An investor just invested $10,000 in an investment that is expected to earn a 6% interest rate. Assuming the 6% annual return is realized, what will be the value of the investment at the end of 25 years? 2.) If you deposit $45,000 into a 5-year CD today earning 4% interest compounded quarterly, what would be the account balance be at the end of 5 years? 3.) A 22-year old college student...

  • 3. What is Paul's monthly payment if he wants to repay his student loans completely within 10 years? Assume P...

    3. What is Paul's monthly payment if he wants to repay his student loans completely within 10 years? Assume Paul pays a 5 percent annual interest rate (compounded monthly) on his student loan. Construct the amortization schedule of Paul's student loan for the first three months. Jinhee Ju. 27. has an annual salary of $37,000. Jinhee wants to buy a new car in 3 years, and she wants to save enough money to make a $7,000 down payment on the...

  • Here is the text book information, trend needs to be return on investment Calculate one financial...

    Here is the text book information, trend needs to be return on investment Calculate one financial statement ratio trend within your industry that warrants improvement efforts. Make up your own. Return on Investment LO 2 Explain the importance and show the calculation of return on investment. Imagine that you are presented with two investment alternatives. Each investment will be made for one year, and each investment is equally risky. At the end of the year you will get your original...

  • 1. Today Jim Byelow purchased an investment-grade diamond for $75,000. He expects it to increase in...

    1. Today Jim Byelow purchased an investment-grade diamond for $75,000. He expects it to increase in value at a rate of 10% a year for the next seven years. How much is he expecting his diamond to eventually be worth? - recepits nyear from now (interest rattetion 75000 (120) = FV 2. Sara Cellhigh wants to give her daughter $75,000 to start her own business when she graduates from business school in seven years with her M.B.A. How much should...

  • Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of

     9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...

  • I need help on question 3. Time Value of Money Exercise: Question 1: Assume you deposit...

    I need help on question 3. Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at ercent annual rate, compounded $700 every three months at a 6 percent am much will you have at the end of 20 years? Question 2: You borrow a five-year $13.000 loan with monthly percentage rate (APR) on the loan? 3,000 loan with monthly payments of $250. What is the annual Question 3: How much would you have to invest...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT