What is the future value of $600 in 21 years assuming an interest rate of 11...
|
What is the future value of $600 in 21 years assuming an
interest rate of 11 percent compounded semiannually? |
Multiple Choice
-
$842.98
-
$737.89
-
$5,685.32
-
$5,369.50
-
$5,401.05
Homework Answers
$5,685.32
| Future Value of investment | = | Investment Amount | * | Future Value of 1 | ||||
| = | $ 600 | * | 9.475525 | |||||
| = | $ 5,685.32 | |||||||
| Working: | ||||||||
| Future Value of 1 | = | (1+i)^n | Where, | |||||
| = | (1+0.055)^42 | i | = | 11%/2 | = | 0.055 | ||
| = | 9.4755255 | n | = | 21*2 | = | 42 | ||
Add Answer to:
What is the future value of $600 in 21 years assuming an
interest rate of 11...
What is the future value of $1,000 in 17 years assuming an interest rate of 11...
What is the future value of $1,000 in 17 years assuming an interest rate of 11 percent compounded semiannually? rev: 09_17_2012 $1,215.97 $5,895.09 $5,865.53 $1,374.30 $6,174.24
What is the future value of $200 in 20 years assuming an interest rate of 7...
What is the future value of $200 in 20 years assuming an interest rate of 7 percent APR, compounded semiannually? O $773.94 O $752.26 O $24751 O $791.85 O $22776
Assuming an interest rate of 10 percent compounded semiannually, the future value of $500 in 16...
Assuming an interest rate of 10 percent compounded semiannually, the future value of $500 in 16 years is . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g. 32.16)) References eBook& Resources
What is the future value of $2,050 per year for 25 years at an interest rate...
What is the future value of $2,050 per year for 25 years at an interest rate of 6.27 percent? Multiple Choice $108,020.36 $112,431.80 $116,843.23 $112,814.16 $111,763.09
What is the future value of $1,975 per year for 23 years at an interest rate...
What is the future value of $1,975 per year for 23 years at an interest rate of 6.21 percent? Multiple Choice $91,190.75 $91,618.92 O 991682 $95,335.78 $92,048.34 $87.902.06
what is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded mont...
what is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded monthly?
2. What is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compoun...
2. What is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded monthly?
What is the future value of $2,350 per year for 11 years at an interest rate...
What is the future value of $2,350 per year for 11 years at an interest rate of 6.51 percent?
MC algo 6-7 Future Value Of Unequal Cash Flows Assuming an interest rate of 4.6 percent,...
MC algo 6-7 Future Value Of Unequal Cash Flows Assuming an interest rate of 4.6 percent, what is the value of the following cash flows five years from today? Β ω ΝΕ Cash Flow $3,215 4,395 5,305 6,520 Multiple Choice Ο $21,734.06 Ο $21,502.69 Ο $20,642.58 Ο $21,145.56 Ο $20,557.06
What is the future value (FV) of $40,000 in five years, assuming the interest rate is...
What is the future value (FV) of $40,000 in five years, assuming the interest rate is 4% per year? O A. $48,666 O B. $41,366 OC. $26,000 OD. $43,800
What is the future value of $200 in 20 years assuming an interest rate of 7 percent APR, compounded semiannually? O $773.94 O $752.26 O $24751 O $791.85 O $22776
Assuming an interest rate of 10 percent compounded semiannually, the future value of $500 in 16 years is . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g. 32.16)) References eBook& Resources
What is the future value of $2,050 per year for 25 years at an interest rate of 6.27 percent? Multiple Choice $108,020.36 $112,431.80 $116,843.23 $112,814.16 $111,763.09
What is the future value of $1,975 per year for 23 years at an interest rate of 6.21 percent? Multiple Choice $91,190.75 $91,618.92 O 991682 $95,335.78 $92,048.34 $87.902.06
2. What is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded monthly?
MC algo 6-7 Future Value Of Unequal Cash Flows Assuming an interest rate of 4.6 percent, what is the value of the following cash flows five years from today? Β ω ΝΕ Cash Flow $3,215 4,395 5,305 6,520 Multiple Choice Ο $21,734.06 Ο $21,502.69 Ο $20,642.58 Ο $21,145.56 Ο $20,557.06
What is the future value (FV) of $40,000 in five years, assuming the interest rate is 4% per year? O A. $48,666 O B. $41,366 OC. $26,000 OD. $43,800
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago