Homework Answers
11. No of years to repay = 3.02 years [ 6.049/2]
Workings:
| PMT | 6660 | |
| FV | 0 | |
| PV | 35750 | |
| Rate | 3.50% | [7%/2] |
| Nper | 6.049 | [nper (rate, pmt, -pv,fv)] |
12. No of years =15.90
| PMT | 428 | |
| FV | 7200 | |
| PV | 0 | |
| Rate | 0.75% | [3%/4] |
| No of years | 15.90 | [nper (rate, pmt, -pv,fv)] |
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: 2:00:00 Time Taken..0.0 War R. FLIP Question 11 (1 point) How many years will it...
Answer Question 34 (1 point) You are able to deposit $4270 annually into a bank account...
Answer Question 34 (1 point) You are able to deposit $4270 annually into a bank account that is paying 13% annually. How much will you be able to accumulate after 4 years? (Express your answer as a positive number and to two decimal places.) Your Answer: Answer Question 35 (1 point) How many years will it take to accumulate $100 10 if you are able to deposit $2930 annually into a bank account that is paying 8% annually? (Express your...
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0/10 pts Question 10 How many years will it take for $9,000 to grow to $41,000...
0/10 pts Question 10 How many years will it take for $9,000 to grow to $41,000 if you can earn an average rate of 8.8 % per year? Note: Please enter your answer rounded to the nearest one digit after the decimal point. For example, if your calculated result is 23.76 years, enter your answer as: 23.8. 26.1
d luck! Question 9 How many years will it take for $14,000 to grow to $57,000 if you can earn an average rate of 94...
d luck! Question 9 How many years will it take for $14,000 to grow to $57,000 if you can earn an average rate of 94% per year? Note: Please enter your answer rounded to the nearest one digit after the decimal point. For example, if your calculated result 23.76 years, enter your answer as: 23.8. « Previous Ned Quiz saved at 6:42pm Subm Prtson
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Question 7 0.2 pts This is an extra credit review problem. It is not required. Assume you have $3,714 to invest today i...
Question 7 0.2 pts This is an extra credit review problem. It is not required. Assume you have $3,714 to invest today in an account paying 3% compounded annually. How many years will it take before you have $14,611 in your account? Enter your answer as: 12 Round your answer. Do not use a decimal point or any units. Question 8 0.25 pts This is an extra credit review problem. It is not required. You developed a new product that...
Answer Question 34 (1 point) You are able to deposit $4270 annually into a bank account that is paying 13% annually. How much will you be able to accumulate after 4 years? (Express your answer as a positive number and to two decimal places.) Your Answer: Answer Question 35 (1 point) How many years will it take to accumulate $100 10 if you are able to deposit $2930 annually into a bank account that is paying 8% annually? (Express your...
Answer Question 36 (1 point) How much should you deposit into a bank account semiannually in order to buy a property that you expect to cost $21800 in 8 years if the account pays 4% annual interest? (Express your answer as a positive number and to two decimal places.) Your Answer: Answer Question 37 (1 point) Saved What is the expected annual rate of return on a property which you purchased 13 years ago for $777.400 and it pays you...
Propagation of errors :2:00:00 Time Left:1:40:37 Haolin Du: Attempt 1 Answer Question 6 (1 point) x = 16.5 ± 0.6 y 139 t 7 What is Aw if w 2x2/y? Calculate your answer to 2 decimal places. Your Answer
0/10 pts Question 10 How many years will it take for $9,000 to grow to $41,000 if you can earn an average rate of 8.8 % per year? Note: Please enter your answer rounded to the nearest one digit after the decimal point. For example, if your calculated result is 23.76 years, enter your answer as: 23.8. 26.1
d luck! Question 9 How many years will it take for $14,000 to grow to $57,000 if you can earn an average rate of 94% per year? Note: Please enter your answer rounded to the nearest one digit after the decimal point. For example, if your calculated result 23.76 years, enter your answer as: 23.8. « Previous Ned Quiz saved at 6:42pm Subm Prtson
Question 7 0.2 pts This is an extra credit review problem. It is not required. Assume you have $4,642 to invest today in an account paying 4% compounded annually. How many years will it take before you have $14,975 in your account? Enter your answer as: 12 Round your answer. Do not use a decimal point or any units. Question 8 0.25 pts This is an extra credit review problem. It is not required. You developed a new product that...
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