Assume the total cost of a college education will be $250,000 when your child enters college...
Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. You presently have $59,000 to invest.
What annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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Assume the total cost of a college education will be $250,000
when your child enters college...
Assume the total cost of a college education will be $360,000 when your child enters college...
Assume the total cost of a college education will be $360,000 when your child enters college in 15 years. You presently have $58,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual rate
Assume the total cost of a college education will be $325,000 when your child enters college...
Assume the total cost of a college education will be $325,000 when your child enters college in 16 years. You presently have $40,000 to invest and do not plan to invest anything further. What annual rate of interest must you earn on your investment to cover the entire cost of your child's college education? 13.99 percent 11.08 percent 10.40 percent 12.65 percent 14.62 percent
Assume the total cost of a college education will be $285,000 when your child enters college...
Assume the total cost of a college education will be $285,000 when your child enters college in 22 years. You presently have $35,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education?
11 Calculating Interest Rates. Assume the total cost of a college education will be $250,000 when...
11 Calculating Interest Rates. Assume the total cost of a college education will be $250,000 when your child enters college in 18 years. You presently have $25,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? Calculating the Number of Periods. At 10 percent interest, how long does it take to double your money? To quadruple it? 12
Essentials of corporate finance I NEED HELP ASAP!
Assume the total cost of a college education will be $365,000 when your child enters college in 18 years. You presently have $59,000 to invest.Required:What annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (Do not include the percent sign (%). Round youranswer to 2 decimal places (e.g., 32.16).)
Assume the total cost of a university education will be $210,000 when your child enters university...
Assume the total cost of a university education will be $210,000 when your child enters university in 8 years. You presently have $180,000 to invest. What annual rate of interest (APR) must you earn, if the interest is compounded monthly? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to two decimal places.
Homework. Calculating Rate 12 Assume that total cost of collage education will be * 2,80.000 dollar when your child...
Homework. Calculating Rate 12 Assume that total cost of collage education will be * 2,80.000 dollar when your child enters collage in 18 years p you presently have $ 45,oo to inwest, what annual tate of interest must you earn on your investment to cover the cost of your child's College education? Data: Fiv - 230.000 PV 45.000 A 18 (280.000 i = ? 45.000 i= (6,2) To - 1 2 = 1 1067 - 1 C2 = 0,067 Calculating...
5. (2 marks) Assume the total cost of a university education will be $300,000 when your...
5. (2 marks) Assume the total cost of a university education will be $300,000 when your child enters university in 18 years. You currently have $65,000 to invest. a. What annual rate of interest must you earn on your investment to cover the cost of your child's university education?
(1) You want to buy a new sports car from Muscle Motors for $68,000. The contract...
(1) You want to buy a new sports car from Muscle Motors for $68,000. The contract is in the form of a 72-month annuity due at an APR of 6.75 percent. What will your monthly payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Monthly payments: _____ (2) You're trying to save to buy a new $202,000 Ferrari. You have $52,000 today that can be invested at your bank. The bank pays...
You have decided that you want to be a millionaire when you retire in 45 years....
You have decided that you want to be a millionaire when you retire in 45 years. Requirement 1: If you can earn an annual return of 9 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment $ Requirement 2: What if you can earn 4.5 percent? (Enter rounded answer as directed, but do not use rounded...
Assume the total cost of a college education will be $360,000 when your child enters college in 15 years. You presently have $58,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual rate
11 Calculating Interest Rates. Assume the total cost of a college education will be $250,000 when your child enters college in 18 years. You presently have $25,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? Calculating the Number of Periods. At 10 percent interest, how long does it take to double your money? To quadruple it? 12
Homework. Calculating Rate 12 Assume that total cost of collage education will be * 2,80.000 dollar when your child enters collage in 18 years p you presently have $ 45,oo to inwest, what annual tate of interest must you earn on your investment to cover the cost of your child's College education? Data: Fiv - 230.000 PV 45.000 A 18 (280.000 i = ? 45.000 i= (6,2) To - 1 2 = 1 1067 - 1 C2 = 0,067 Calculating...
5. (2 marks) Assume the total cost of a university education will be $300,000 when your child enters university in 18 years. You currently have $65,000 to invest. a. What annual rate of interest must you earn on your investment to cover the cost of your child's university education?
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