Homework Answers
Money that will be received after 3 years = 50000(1+.03)3 + 250(1+.015)3= 54636.35+262.42= 54898.77
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10) You have invested a lump sum of $50,000.00 that you have received...
Your father invested a lump sum 24 years ago at 5.75 percent interest compounded monthly. Today,...
Your father invested a lump sum 24 years ago at 5.75 percent interest compounded monthly. Today, he gave you the proceeds of that investment which totaled $105,099.24. How much did your father originally invest? $15,929.47 $16,500.00 $17,444.86 $26,528.00 $27,470.75
question 3 & 4 3. You plan to invest $300 at the beginning of each month, starting on October 1, 2012, and the last investment will be made on September 1, 2014. The payments will be invested...
question 3 & 4
3. You plan to invest $300 at the beginning of each month, starting on October 1, 2012, and the last investment will be made on September 1, 2014. The payments will be invested at 3.0% APR compounded monthly (a)"What is the value of this annuity on October 1, 20147 (b) What is the value of this annuity on October 1, 20127 4. You won the lottery! The jackpot is $120 million. You have the option to...
Please show all work You expect to receive a lump sum amount of $20,000 fifty years...
Please show all work You expect to receive a lump sum amount of $20,000 fifty years from now. But you want that money now. So what is the present value of that sum if the current discount rate is 7.5%? Assume annual compounding. 2. You have just purchased a $1,500 five year certificate of deposit (CD) from a savings bank which will pay 3.5% interest compounded monthly. What will that CD be worth at maturity? 3. Calculate the...
51. You have your choice of two investment accounts. Investment A is a 10 year annuity...
51. You have your choice of two investment accounts. Investment A is a 10 year annuity that features end of month $1,145 payments and has an interest rate of 7% compounded monthly. Investment B is an annually compounded lump – sum investment with an interest rate of 9%, also good for 10 years. How much money would you need to invest in B today for it to be worth as much as Investment A 10 years from now.
Please show all work in legible writing, thank you A woman decides to put a lump...
Please show all work in legible writing, thank you
A woman decides to put a lump sum of money into a certified deposit for 3 years earning a monthly interest rate of 0.75%. She wants to have $2,800 to go on a cruise through the Mediterranean. How much money does she need to put into the certified deposit? b) Draw the cash flow diagram. b) What is the amount of money deposited initially?
10. V MY NOTES What lump sum do parents need to deposit in an account earning...
10. V MY NOTES What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 13 years? (Round your answer to the nearest cent.) 11. ♡ MY NOTES Use the properties of logarithms to condense the expression. (Assume all variables are positive.) In(x) - 7 In(x + 3)
A woman decides to put a lump sum of money into a certified deposit for 3...
A woman decides to put a lump sum of money into a certified deposit for 3 years earning a monthly interest rate of 0.75%. She wants to have $2,800 to go on a cruise through the Mediterranean. How much money does she need to put into the certified deposit? b) Draw the cash flow diagram. b) What is the amount of money deposited initially? Please show all work in legible writing, thank you
5. You have some savings you’d like to invest. You can invest it in a bank...
5. You have some savings you’d like to invest. You can invest it in a bank account paying fixed 5% compounded monthly. Your plan is to leave the principal but take out the interest at the end of every year to help cover expenses. If you wanted to be sure that your savings invested at the bank allowed you to take out $5,000 per year for as long as you wanted to, how much savings would you have to have?
MULTIPLE CHUILE. LHOUSE the Unit question. 1) 1) Your father invested a lump sum 28 years...
MULTIPLE CHUILE. LHOUSE the Unit question. 1) 1) Your father invested a lump sum 28 years ago at 4.05 percent annual interest. Today, he gave you the proceeds of that investment, totalling $48,613.24. How much did your father originally invest? A) $14,929.47 B) $16,500.00 C) $15,500.00 D) $15,994.70 E) $16,099.45 2) - 2) Beginning three months from now, you will need $1,500 each quarter for the next four years to cover expenses. How much do you need to have saved...
You have your choice of two investment accounts. Investment A is a 10-year annuity that features...
You have your choice of two investment accounts. Investment A is a 10-year annuity that features end-of-month $1,525 payments and has an interest rate of 7 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an interest rate of 9 percent, also good for 10 years. How much money would you need to invest in B today for it to be worth as much as Investment A 10 years from now? (Do not round intermediate calculations and...
question 3 & 4
3. You plan to invest $300 at the beginning of each month, starting on October 1, 2012, and the last investment will be made on September 1, 2014. The payments will be invested at 3.0% APR compounded monthly (a)"What is the value of this annuity on October 1, 20147 (b) What is the value of this annuity on October 1, 20127 4. You won the lottery! The jackpot is $120 million. You have the option to...
Please show all work in legible writing, thank you
A woman decides to put a lump sum of money into a certified deposit for 3 years earning a monthly interest rate of 0.75%. She wants to have $2,800 to go on a cruise through the Mediterranean. How much money does she need to put into the certified deposit? b) Draw the cash flow diagram. b) What is the amount of money deposited initially?
10. V MY NOTES What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 13 years? (Round your answer to the nearest cent.) 11. ♡ MY NOTES Use the properties of logarithms to condense the expression. (Assume all variables are positive.) In(x) - 7 In(x + 3)
A woman decides to put a lump sum of money into a certified deposit for 3 years earning a monthly interest rate of 0.75%. She wants to have $2,800 to go on a cruise through the Mediterranean. How much money does she need to put into the certified deposit? b) Draw the cash flow diagram. b) What is the amount of money deposited initially? Please show all work in legible writing, thank you
MULTIPLE CHUILE. LHOUSE the Unit question. 1) 1) Your father invested a lump sum 28 years ago at 4.05 percent annual interest. Today, he gave you the proceeds of that investment, totalling $48,613.24. How much did your father originally invest? A) $14,929.47 B) $16,500.00 C) $15,500.00 D) $15,994.70 E) $16,099.45 2) - 2) Beginning three months from now, you will need $1,500 each quarter for the next four years to cover expenses. How much do you need to have saved...
You have your choice of two investment accounts. Investment A is a 10-year annuity that features end-of-month $1,525 payments and has an interest rate of 7 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an interest rate of 9 percent, also good for 10 years. How much money would you need to invest in B today for it to be worth as much as Investment A 10 years from now? (Do not round intermediate calculations and...
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